Calcutta, historically, an imperial city with deep water ports like Kidderpore Docks & a navigable river, was the industrial & business capital of the Asia Pacific region, several times the size of Hong Kong & Singapore. Asia’s largest companies & banks were headquartered here👇
Lyons Range hosted d stock exchange & the offices of leading insurance companies. The entire area of Dalhousie & Fairley Place contained the stalwarts of Indian business with names like Martin Burn, Andrew Yule, Bird & Company, Garden Reach, Jessops, Murphy Radio & several 👇
businesses across the spectrum from ship building to mining. The tragedy is not that all of this was subsequently destroyed , the tragedy is that it can never be rebuilt.& that's what happened to Calcutta since the 1970s, particularly under Jyoti Basu, Bengal’s erstwhile CM 👇
The Communist Party unions created a condition that made it literally impossible for business to function.The only significant company that retains its head office in Calcutta today, at Virginia House, and continues to flourish, is ITC. Mr Basu was propped by labour unions. 👇
Consequently strikes & unrest bcm d order of d day & companies began to suffer. Law & order were replaced by anarchy.Birlas & Singhanias shifted to other parts of India created massive unemployment.
Tragically, Bengal reduced itself to a laggard state & Its unions had 👇
Tragically, Bengal reduced itself to a laggard state & Its unions had 👇
sent investors scampering away, never to return. Ironically, 6 decades ago,all roads led to Calcutta, now they all lead away from it. The communists did realise their folly when Buddhadeb Bhattacharya bcm CM but by then it was too late. Mr Bhattacharya’s plans to revive Bengal 👇
beginning with a chemical manufacturing hub in Nandigram, & the failed Tata Motors plant in Singur, sealed the fate of the state.
Manoniya of TMC whose anti-capitalist antics were responsible for the cultivated collapse of these projects, subsequently replaced Mr Bhattacharya.
Manoniya of TMC whose anti-capitalist antics were responsible for the cultivated collapse of these projects, subsequently replaced Mr Bhattacharya.
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