In an interview with CNBC-TV18, Goenka expressed that there’s a growing optimism among businesses, fueled by expectations of policy reforms and more efficient execution. He emphasized that the business sector is looking forward to a revitalized emphasis on growth, supported by clearer and more stable policies.
“There is immense anticipation, significant expectations, and a strong belief that the BJP will prioritize development,” he stated, mentioning that reforms in outdated laws and administrative systems could unlock the state’s economic potential.
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Goenka highlighted that one of the primary issues for West Bengal has been the inconsistency in policy execution. He noted that frequent shifts in policy direction often undermine investor trust and slow down decision-making processes. He asserted that stable and predictable policies are crucial for long-term investments.
“Consistency in policy, clearly defined policies, and instilling confidence—industry needs assurance that their investments are welcomed,” he remarked.
With deep-seated ties to Kolkata, Goenka mentioned that his group has consistently invested in the state over the years, influenced by both emotional and business factors. Nevertheless, he suggested that the current political shift could further enhance investment confidence, potentially resulting in increased capital expenditures in the future.
Regarding the wider business landscape, Goenka acknowledged global challenges such as geopolitical tensions and rising costs of inputs. Despite these hurdles, he stated that the Indian industry remains positive, buoyed by faith in economic leadership and reforms at the national level.
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