Thursday, December 23, 2010

To lend textiles a thrust, Buddha wants more private investment

West Bengal needs an efficient market mechanism in vegetables and supports the World Trade Organisation (WTO) in its steps to free global textiles trade as the state’s moribund textiles industry stands to gain, chief minister Buddhadeb Bhattacharjee said on Monday.

Bhattacharjee was in full flow as he outlined his government’s stand on issues close to his reforms agenda before members of Bengal National Chamber of Commerce and Industry (BNCCI).
His praise for the WTO contrasts sharply with the official stated position of his CPI(M) party that the world body is to blame for globalisation and all its “ills.” In fact, at about the same time, the Students Federation of India (SFI), the CPI(M)’s students wing, was holding street corner meetings blasting the WTO.
While continuing to oppose foreign direct investment (FDI) in retail, Bhattacharjee stressed that Indian entrepreneurs would have to take up the challenge of creating efficient and modern field-to-market supply chains...

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