Mamata Banerjee, the chief minister of Bengal, is leaving no stone unturned in her mission to convince investors to come to her state. Her government has been conducting these business summits since 2015, and the response it has received in the fourth edition this year is believed to be better compared to previous years. Would-be investors had come to Kolkata, the venue, from different parts of the world, along with from within the country.

Business Standard reports that a large number of MoUs have been signed up in various fields that include academic collaborations, transportation and logistics commitments and others.

The overall scene is believed to have improved when compared to the results of 2017.

Top industrial houses are supportive

The chief minister of Bengal Mamata Banerjee has been able to convince top industrial houses like Reliance Industries, JSW Group, and Adani Group to invest in the state. They have attended the business summit and shown their interest. Several proposals are under consideration and meetings and discussions are continuing.

There are possibilities of other investors like ITC and the Hiranandani Group who want to set up hotels. Air India is expected to resume operations with scheduled flights to New Delhi. It had stopped its services from the Durgapur airport last year. App-based cab operators, Uber and Ola have also shown interest in investing.

They could generate employment opportunities.

Prospects appear to be bright

The geographical positioning of Bengal has advantages since it is a corridor to the north eastern states apart from neighbors like Bangladesh and Myanmar. According to the Economic Times, the two-day business summit held by the Bengal government has received many business proposals that would benefit the state.

Ever since she took over the reins of Bengal, Mamata Banerjee has been trying to bring industries into the state. She has made a few visits to foreign locations to meet with business houses, and some of them attended this summit.

The chief minister has revealed that business proposals already received are in the process of evaluation.

Investors have shown a willingness to come to Bengal to take advantage of the opportunities which is a positive sign. Once the proposals are finalized, the employment prospects will improve. In her opinion, the fourth edition of the business summit was a successful event in which a large number of meetings were held and MOUs signed. The dates for next year's summit have been announced as February 7th and 8th.