The introduction of the goods and services tax (GST) will structurally alter the way business is done, said MCC Chamber of Commerce & Industry (MCCI), president Hemant Bangur. In response to this, the Chamber shall have multiple thought shops on the impact and implications of GST, which shall culminate in regional level conference to map the new profile of doing business under the GST, he said.
West Bengal has a high density of population per acre of land. There is therefore, a constant struggle to balance between the needs of agriculture, industry and urbanization. The Chamber envisages that the way forward for West Bengal should be to focus on high value agriculture, horticulture and pisciculture activities so as to provide higher return per acre of land and greater absorption of semi-skilled and unskilled work force in this segment, Mr Bangur said.
India’s growth cannot happen without growth of Eastern region and its economy. While the Central Govt. has already announced its “Look East” and “Make in India” policy, the Chamber proposes to come out with a futuristic blue print on Make in East, he said. The abundant availability of resources namely land, water, electricity and labour combined with relatively low cost of Capital at present needs to be exploited to its full potential to bring back manufacturing to this part of the country, felt the MCCI president.
Clearing bottlenecks for public infrastructure development will accelerate the pace of development away from cities and therefore merits the highest attention. Its impact on human development indicators will be positive, he added.
Similarly, as industries have to move away from urban clusters, the relaxation of Section 14Y to at least 50 acres in case of land directly acquired from land owners should be seen as an evolutionary step. Similarly, the ULC Act needs to be abolished, he opined.
The initiative to restore the cleanliness and sanctity of public places is probably one of the greatest exercises in Nation building with public participation. It also has a great multiplier effect in terms of the general improvement in the Index of Human Living. Hence at the Annual General Meeting we have given a commitment to built 10,000 toilets and we shall be taking up this work in right earnest to make West Bengal an open defecation free state, Mr Bangur informed. (EOIC)