After the Bharatiya Janata Party’s historic election win in West Bengal, industry captains of the State believe the new BJP government will usher in a business-friendly environment, which will draw big-ticket investment and create major job opportunities for youth.
The industry leaders are hopeful that a “double-engine government” with the BJP in power both in Bengal and at the Centre will drive investment across industries and bring significant infrastructure upgrades to the State, which has long suffered “perception issues” among investors in India and abroad.
“I am very bullish that things will now completely take a big U-turn, and particularly because there is alignment between the Centre and the State. There is a very progressive BJP government, led by Prime Minister Narendra Modi. For both the Prime Minister and Home Minister Amit Shah Modi, this has been a very important victory. So they will give focus to the State in terms of investment and creating job opportunities,” Umesh Chowdhary, Vice Chairman and Managing Director, Titagarh Rail Systems, told businessline.
Riding on a massive anti-incumbency wave against the Mamata Banerjee-led Trinamool Congress government, the BJP on Monday recorded a historic landslide victory in the West Bengal Assembly elections and is heading towards forming its government in the eastern State for the first time.
The BJP’s win ends 15 years of TMC rule and marks a watershed moment for the saffron party as it dismantled Banerjee’s bastion through an all-gun blazing election campaign led by Modi and Shah.
“During the erstwhile government, whatever incentives had been promised were later withdrawn. If you compare the price of land for industry with other states, Bengal’s land price is very high, as there has not been any incentive from the government for setting up greenfield factories. It hurts sentiments,” Chowdhary pointed out.
Notably, among other things, the TMC government faced the wrath of voters due to its “failure” to create enough jobs for the youth and women, and also its inability to bring in big-ticket investment. In a major setback to the party, over 20 outgoing ministers lost the high-stakes elections.
“West Bengal’s industrial progress is very important to rejuvenate the Eastern Region. Kolkata and Bengal have a very significant role. Naturally, investment in all the service sectors, logistics, etc, is important. We have a natural inclination in garments, tea and jute, traditional industries, petrochemicals, downstream and coal-based industries, rolling mills, etc. We expect the new government to see that investment comes in all these sectors. It will help boost new employment,” said Harshavardhan Neotia, chairman, Ambuja Neotia Group.
Published on May 5, 2026