West Bengal on the way of new investment destination: Mukherjee

Union Finance Mininster Pranab Mukherjee said that the latest development in West Bengal shows that it is emerging as a new investment destination and it is a rosy indication for the future for the state.

Addressing a function organised by Assocham, Mukherjee said that political choice exercised by the people of Bengal in the last (assembly) elections clearly indicates their expectations for change and new aspirations. He praised the new govt. and said it is responding to this new aspirations and expectations of the people.

Mukherjee said,"As on December 2011, the state has about 900 live investment projects worth Rs 6.11 lakh crore which shows that state is emerging as a investment destination.West Bengal had got Rs.58,000 crore new investment and was the clear indication that the industrialists and prospective investors were looking at the state with both hope and expectations"

Manufacturing sector has got the major share - 36.5 percent of total live investment, this is followed by electricity (29.4 percent) and service sector (18.9 percent), he added. (With inputs from IANS)