File photo: Finance Minister Amit Mitra and the factory.
Aditya Birla Group ( Aditya Birla Group) has agreed to set up a paint factory in West Bengal with an investment of Rs 1000 crore. The company had given a written proposal to the Bengal government on 4 October to set up a factory in Bengal. On Thursday, Group Executive Chairman Sunil Bajaj and Chief Operating Officer Ajit Kumar held a meeting with Chief Secretary HK Dwivedi. After this the final agreement has been reached on this. On the other hand, State Finance Minister Amit Mitra (Amit Mitra) Modi government (Modi Government) said that 35,000 Indian entrepreneurs with high net worth left the country between 2014 and 2020 during the tenure of the Narendra Modi government.
A statement issued by the Bengal government said that the Aditya Birla Group has expressed interest in setting up a proposed paint factory on 80 acres of land at Vidyasagar Industrial Park in Kharagpur. Apart from the main factory, they will also set up an auxiliary production center there. The Aditya Birla Group will invest an estimated Rs 1,000 crore for the project. The paint factory alone will provide direct employment to 600 people and indirectly to 1,500 people. The proposed factory is expected to be operational in the next one and a half to two years.
35,000 Indian entrepreneurs left the country: Amit Mitra
Recall 19 minutes of TIRADE against Indian business by Piyush Goel, reportedly saying business practices of INDIAN INDUSTRY WENT AGAINST NATIONAL INTEREST – short of calling them ANTI-NATIONAL. Breeds ‘fear psychosis’, motivating EXODUS ? But,PM did not rebuke Goel. Why?
— Dr Amit Mitra (@DrAmitMitra) October 21, 2021
West Bengal Finance Minister Amit Mitra on Thursday cited three separate studies to claim that 35,000 Indian entrepreneurs with high net worth left the country between 2014 and 2020 during the tenure of the Narendra Modi government. He wondered whether it was because of an “attitude of fear”. He demanded that Prime Minister Modi present a white paper in Parliament on the “massive exodus of Indian entrepreneurs during his rule”. Amit Mitra wrote on Twitter, “35,000 Indian entrepreneurs with high net worth left India as NRIs/immigrants between 2014-2020 under the Modi government. India is at the top of migration in the world. Why? Is it because of the ‘fear attitude’?”
Central government to present white paper
“The prime minister should present a white paper in Parliament on the mass exodus of Indian entrepreneurs during his rule,” he said. Mitra cited a study to claim that 23,000 high net worth entrepreneurs left India during the period 2014-18, the worst figure in the world. He tweeted, “In 2014-2018, 23,000 entrepreneurs with high asset values left India (Morgan Stanley report), the worst figure in the world. In 2019, 7,000 left (Afrasia Bank) India while 5,000 left (GWM Review) in 2020.” The Finance Minister wrote, “Recall Piyush Goyal’s 19-minute Venom Against Indian Expenditure Businesses, in which he purportedly said that the way Indian industry operates is against the national interest, is it creating an ‘attitude of fear’, Promoting migration? But why did the Prime Minister not reprimand Goyal?”
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