CII Eastern Region, Bengal Chamber of Commerce and Industries host several sessions on post-Budget analysis

Kolkata: The Confederation of Indian Industry (CII) Eastern Region, Bengal Chamber of Commerce and Industries and other chambers hosted several sessions on the post-Union Budget 2024-25 analysis in Kolkata today, featuring economists and industry leaders, aimed to discuss the new government's budgetary plans.

Sandeep Kumar, Chairman, CII West Bengal State Council and Managing Director, Tata Steel Downstream Products Limited highlighted the announcement of 17 per cent increase in Capital expenditure. He praised the youth skilling initiatives taken by the government and urged for the policy of more domestic market protection in the steel sector from the foreign imports.

Debasish Dutta, Vice Chairman, CII West Bengal State Council appreciated the initiatives of making trade clusters through new industrial parks and urged that inland water of this region of the country should get boosted.


A diverse group of sectoral leaders from manufacturing, logistics & infrastructure, real estate, railways, financial services, FMCG, and taxation participated in the session.

Immediate Former President of The Bengal Chamber Subir Chakraborty in his address that the Union Finance Minister's recognition of employment in India, evidenced by the focus on the MSME sector, jewellery, materials, and other labour-intensive industries. “Supporting local MSMEs is crucial, and the government's emphasis on skilling the workforce through schemes and internships is commendable. It is important to train the right kind of resources for the right kind of jobs,” he said.

Chakraborty also appreciated the Government’s efforts towards the all-round development of Eastern India through the Purvodaya plan.

Meanwhile, Indian Chamber of Commerce said, “The Union Budget 2024-25 has taken a proactive stance on the long term sustainable developmental aspects of the economy, building on its strengths, while simultaneously inkling a growth vision for the future, in sync with the theme of Viskhit Bharat. The Government has tried to provide for all.”

“MSMEs are the biggest employment creator in the country. Yet they continue to suffer from less credit and lack of credit. To take care of the same, the Centre would provide credit guarantee for MSME loans as well as double the Mudra loans from 10 lakh under the Tarun category,” it said.