Real assets being created in West Bengal: Amit Mitra

KOLKATA: West Bengal industry and finance minister Amit Mitra today said that in the last three years the state was able to create real assets as is evident from the rise in capital expenditure.

"Over the last three years of Trinamool Congress rule, there had been a rise in capital expenditure as well as plan expenditure in West Bengal," Mitra said at the AGM of Calcutta Chamber of Commerce here.

This, he said, shows that real assets are being created in terms of roads, bridges and other infrastructure which are necessary for the development of the state.

The state has also surpassed the national average in terms of growth of state domestic product, agricultural and industrial sectors in the first quarter of the current fiscal.

The state has already formulated policies pertaining to the industrial, IT and MSME sectors, he said, adding that the government has provided for interest and capital investment subsidy, which would spur investments.

Regarding entry tax, he said, it is two to four per cent in Bihar as compared to one per cent here and there are no check posts.