Calcutta :

Babus from Bengal are packing their bags to go around the world to draw participants for a global business summit that will put to test industries minister Amit Mitra’s ability to attract investment in Bengal.

Sources in Nabanna told The Telegraph that at least six senior IAS officers will visit parts of Europe and Asia after the Puja holidays to hold roadshows for the Global Bengal Business Summit — Bengal Leads, scheduled between January 6 and 8 at Eco Park, on the eastern fringes of Calcutta.

“The industries minister wants to make the event a grand success and so he is sending the officers to hold roadshows…. The officers will visit several countries, hold meetings with investor communities and invite them to take part in the summit and explore opportunities in the state,” a source in Nabanna said.

Although no one in the government was officially willing to comment on the roadshows, sources rolled out a probable list of names of officials and their destinations (see chart).

Apart from the roadshows overseas, the West Bengal Industrial Development Corporation will organise five meetings in Mumbai, Delhi, Chennai, Bangalore and Hyderabad.

“Mitra has gone into Ficci mode…. The success of a chamber event is ascertained by participation, but for a state devoid of investment, the test is in getting investment. The question is can an investor meet achieve that?” asked a senior official.

Although the government did not organise any business meet this year, there was little to talk about the first two editions of Bengal Leads.

If the Nabanna buzz is to be believed, Mitra has promised Mamata Banerjee that the business summit next year would be a “success” and would put Bengal on the map of attractive investment destinations.

The chief minister, sources said, has given Mitra a free hand. “After around three-and-a-half years in the government, the chief minister has realised she needs investment in Bengal… Amitda has promised to deliver,” a Nabanna official said.

Delivering on the promise will be easier said than done in a state where the government is firm on not acquiring land for industry besides fiercely adhering to its stand on not offering SEZ status to any project or relaxing the urban land ceiling act.

Not just policy hurdles, the state is also suffering because of Trinamul-backed syndicates, which mostly supply inferior construction materials at higher prices.

“Domestic investors are shying away from putting in their money…. It is too much to expect that foreign investors will come,” a senior government official said.

The chief minister is confident of getting investment, the official said. He blamed senior ministers such as Mitra for giving her an impression that Bengal is on the verge of hitting a growth trajectory.

“No one talks about the reality here,” the official said.

Mamata had assigned Mitra the industries department keeping in mind his former role as the Ficci secretary-general.

More than nine months have passed since Mitra took over, but his achievements have been few, other than diagnosing Ratan Tata with motibhrom (senility) and organising the Singapore trip for the chief minister and senior bureaucrats.

“Till now, there is no answer to what the government has got from Singapore…. Now, the government will again spend taxpayers’ money and send officials to various countries. This cannot go on,” said Rahul Sinha, the BJP state president.

The ruling establishment can blame the BJP, which is eyeing the principal Opposition’s space, for politicising the issue, but representatives of chambers of commerce and senior bureaucrats have questioned the need for the roadshows overseas.

“The event (Bengal Leads) is in the first week of January and the officials are going for roadshows after the Pujas. How can they assume that foreign investors will come to Calcutta in less than two months’ notice?” asked a senior official of a leading chamber.

According to the official, such events need at least six to eight months’ planning so that the target group for the programme can be reached well in advance.

The Gujarat government had started planning for Vibrant Gujarat 2015, immediately after the previous edition. From identifying focus sectors to giving a detailed programme outline, the organisers had uploaded everything about the show on its website.

The schedule for Bengal Leads, however, remains sketchy despite just over two months to go before Mamata flags off the event.

A veteran of organising events for an industry body expressed dismay when told about the destinations the officials were heading to.

“I heard that a team will visit Ireland with focus on getting investors for food processing…. I didn’t know about Ireland’s achievements in food processing,” the chamber veteran said.

Sources said the food processing team included the Netherlands and Israel in their itinerary. “I understand the inclusion of the Netherlands, but why Israel?” he said.

Several others this newspaper spoke to wondered about the choice of the destinations for the roadshows. “If you want overseas investors, why leave out the US, the UK, Germany?” he said.

No one in the government was available to explain why the government was expecting international participation in an event just over two months away.

“The New Year hangover stays at least for a week… I don’t know whether senior officials or CEOs of big companies would come to Calcutta by sacrificing their Christmas and New Year break,” said a senior officer in a leading chamber.

source: http://www.telegraphindia.com / The Telegraph, Calcutta / Front Page> Bengal> Story / by The Special Corrrespondent of The Telegraph, Calcutta / Calcutta – September 29th, 2014