Press Conference of Shri Devendra Fadnavis at Novotel, Rajarhat, Kolkata.

Today, at a press conference held at Novotel in Rajarhat, Kolkata, Maharashtra Chief Minister Devendra Fadnavis presented his detailed views on the current economic and industrial situation of West Bengal.

He stated that a large number of industries are moving out of West Bengal to other states, with a significant portion investing in Maharashtra. In recent times, agreements have been signed with several major industrial groups that had a long-standing presence in Bengal but are now relocating elsewhere. He mentioned that around 1,400 industries have shifted from West Bengal to Maharashtra.

He clearly stated that when large listed companies leave a state, it indicates issues in the investment climate. Industrial growth cannot be measured merely by registrations; the real indicator is how many units have actually started production.

Speaking about the youth, he said that nearly 65 percent of India’s population is below the age of 35, and industrialization is essential to generate employment for this vast youth population. The government alone cannot provide jobs; it can only create a supportive environment where the private sector generates employment.

Expressing concern over the economic situation, he said that West Bengal is currently trapped in a debt cycle. The state’s debt has reached nearly 39 percent of its GSDP, whereas anything above 25 percent is considered risky. In comparison, Maharashtra’s debt stands at around 18 percent.

He further stated that the loans taken by the state are not being used for development but largely to service interest on previous debts, worsening the long-term economic balance. He also pointed out that West Bengal is lagging in capital expenditure.

On the issue of corruption, he said that various scams and financial irregularities have adversely affected the state’s economy. He also referred to CAG reports highlighting large sums of unaccounted funds.

In this context, he highlighted several central government schemes—Jan Dhan, Ujjwala, Kisan Samman Nidhi, ‘Lakhpati Didi’, among others—stating that these initiatives have contributed to the welfare of common people.

He said that West Bengal has immense potential and that with good governance and an industry-friendly environment, the state can return to being one of the leading economies in the country within the next 5–7 years.

Responding to questions from journalists, he said that the SIR process is essential for ensuring transparency in the voter list and is being conducted scientifically, with provisions for raising objections.

He also addressed multiple questions related to industry, corruption, infiltration, the economy, and the electoral situation. He asserted that politics of fear and intimidation will no longer work, and that the people are ready to vote for change.

In conclusion, he appealed to the people of West Bengal to support change in the interest of development, employment, and the future of coming generations, and to establish a stable and development-oriented government.