Business | Updated Dec 04, 2007 at 08:21pm IST

Despite Nandigram, India Inc bullish on Bengal

Smitha NairSmitha Nair, CNN-IBN

New Delhi: Despite violence in West Bengal after the land allotment troubles, corporate India is not shying away from India's hot investment destination. State Chief Minister Buddhadeb Bhattacharjee, in fact, claims investments worth Rs 90,000 crores have been made in 2007.

"Corporates are coming to West Bengal. They ask me how is Nandigram, I tell them things are fine," Buddha says. That is Bhattacharjee's answer to India Inc on any question that they may have about investments in the state post Nandigram.

The industry has indeed raised doubts about the problems and prospects in the state. Most recently, ITC and Infosys said they were worried about the long delay in land allotments. But for every question, Buddhadeb has a ready answer.

"There is no land in Kolkata and near the airport. It's difficult to allocate land there. But nobody has gone back. Investment has been there in all parts of West Bengal," he says.

Investments have been the driving force for West Bengal and that's why when corporate India talks tough, Budha listens.

While it remains to be seen whether Infosys and ITC are mollified by the West Bengal CM's arguments, the numbers do back the Buddha's statements.

On Tuesday itself, investments worth Rs 18,000 crore for the state were announced by two private companies. Even the Salim Group's project in Nandigram is now likely to get new land in Nayachar.

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