Sanjeev Sanyal: Kolkata’s Comeback Fuels Eastern Boom

Eastern India’s path to parity demands Kolkata’s bold resurgence, proclaimed Sanjeev Sanyal at a high-profile NSE discussion on Wednesday. The Prime Minister’s economic advisor flipped the script on regional divides, urging focus on the east’s glaring disadvantage against the affluent west.

‘We talk north-south endlessly, but the actual challenge is east-west,’ Sanyal told the press. With eastern states mired in relative poverty, he positioned Kolkata as the strategic fulcrum. Its existing industrial ecosystems and cultural heft provide a launchpad, even after half a century of setbacks.

Sanyal envisioned Kolkata mirroring the growth engines of other metros, pulling neighbors into prosperity. This isn’t mere sentiment; it’s economics grounded in how cities drive national momentum.

West Bengal’s changing politics kindled similar hopes from tycoon Sanjeev Goenka. In an NDTV chat, the RPSG leader, hailing from Kolkata, redirected energies from exodus anxieties to attraction strategies. He envisioned a welcoming haven for businesses and people, anchored by unwavering policies.

Regulatory consistency is paramount, Goenka warned, as whims erode investor faith. He lambasted legacy hurdles like urban land caps, demanding reforms to unleash urban potential. Personally invested in his roots, Goenka stands ready to fuel West Bengal’s investment renaissance.