The latest budget initiatives announced by the West Bengal government have drawn a positive response from industry leaders, with Great Eastern Energy Corporation Limited (GEECL) Vice Chairman and Managing Director Prashant Modi describing the measures as a significant step towards strengthening the state’s industrial ecosystem. Commenting on the budget, Modi said the proposals send a strong signal to investors and businesses, particularly through measures aimed at improving the ease of doing business. He highlighted the government’s focus on simplifying regulatory clearances, creating a credible land bank for industrial projects and proposing legislation to curb extortion, which he said could enhance investor confidence and facilitate smoother business operations.
According to Modi, the budget also reflects a clear intention to revive Kolkata and its surrounding industrial belt as a major centre for enterprise, manufacturing and capital investment. He noted that such reforms could help attract fresh investments and generate employment opportunities across multiple sectors. The GEECL executive, who said he has closely followed Bengal’s industrial development for decades, expressed optimism about the state’s future economic prospects. He stated that if the announced measures are implemented effectively, West Bengal could be entering one of its most promising phases of industrial and economic growth in recent years.
The budget’s emphasis on industrial expansion and improved business conditions could benefit Asansol, one of West Bengal’s key industrial centres. With its strong presence in mining, energy and manufacturing, the city could attract new investments if the proposed reforms are executed efficiently. Improved industrial activity in the region may also support job creation, infrastructure development and growth in allied sectors, strengthening Asansol’s role in the state’s economic landscape.
