"How do you like the beginning?" a beaming Buddhadeb Bhattacharjee asked reporters.
It was May 18, 2006. Bhattacharjee had just been sworn in- at the sprawling Raj Bhavan lawn -as chief minister (he became chief minister in 2000) after a landslide victory.
From the ceremony, he headed straight for Writers' Building, the red colonial structure where the state secretariat used to sit, for an announcement that would later go down as a watershed event in the history of Bengal politics.
Ratan Tata had flown in along with the brass to make public the location of the small car project, Nano. At least four other states were vying for the project. But it was to come up in Singur, West Bengal. Tata said the investment in the state was a reiteration of the group's belief that West Bengal was one of the most industry-friendly states in the country.
Bhattacharjee looked seemingly satisfied - it was quite "the beginning".
He died on Thursday leaving behind a dream unfulfilled.
Industry's poster boy
Some images set the tone in 2000, as head of state, a dhoti-clad Bhattacharjee perched on a cycle-van reached out to a remote village in South 24 Parganas. And he became the “people's man".
But agricultural growth in Bengal was tapering from peak levels.
Fear of militant trade unionism had scared businessmen away through the 1970s, 1980s and even later. Time was running out to set things right.
So, Bhattacharjee took to wooing investors the Deng Xiaoping way. The course correction, though, had started in 1994, when the state's long-standing Chief Minister Jyoti Basu came out with an industrial policy. But his successor took it up with gusto.
In the first five years, the focus was on the services sector and West Bengal got Wipro and paved the way for Infosys, while Tata Consultancy Services expanded in a major way.
Esta historia es de la edición August 12, 2024 de Business Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición August 12, 2024 de Business Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Volumes, margins lead to earnings upgrade for Page Industries
Page Industries reported sales growth of 11 percent in Q2FY25 and volume growth of 7 percent year-on-year (Y-o-Y).
With benchmarks becoming harder to beat, avoid very high-cost funds
The Securities and Exchange Board of India (Sebi) has, through a circular dated November 5, mandated that asset management companies must disclose expense ratios for direct and regular plans separately in their half-yearly statements.
Sensex, Nifty fall for 2nd day on FPI selling
Stock markets closed lower for the second straight day on Friday amid relentless foreign fund outflows and losses in blue-chip stocks Reliance Industries, ICICI Bank, and State Bank of India.
NSE mulls launching new products to bolster commodities market
The National Stock Exchange (NSE) is seeking to expand its commodities segment by launching new products after examining the performance of energy, base metals, and bullion, an official of the domestic equity benchmark said on Friday.
Zinka Logistics sets price band for ₹1,115 cr IPO
Zinka Logistics Solutions Ltd, a digital platform for truck operators, on Friday said it has fixed a price band of ₹259-273 per share for its ₹1,115 crore initial share sale.
Swiggy IPO: QIBs do final-day heavylifting
Issue subscribed 3.6x as institutional investors swoop in on Day 3 to corner 90% bids
Adani Power cuts B'desh supply by more than 60%
Adani Power on Friday further reduced electricity supply to Bangladesh as the company seeks to recover more than $800 million in dues, according to data from Bangladesh's grid operator and two sources.
Beyond the syntax of national culture
This book is not just a masterly exploration of India's linguistic civilisation. More importantly, it serves as a timely warning against recent attempts at conducting the epistemic study of Indian languages through a narrow prism of singularity.
FORENSIC PROBE ALL SET TO BOOST CONVICTION RATE
With Bharatiya Nyaya Sanhita making such investigation mandatory in serious crime cases that attract seven years' imprisonment or above, more and more criminals are likely to be brought to justice in the next five years
'Ek hai toh safe hai': Modi in first rally for Maha polls
Prime Minister Narendra Modi on Friday flagged the Congress' \"caste politics\" and cautioned the nation against it, while also accusing the grand old party of \"playing a dangerous game of pitting one caste against another\" for political gains.