The Telegraph
Sunday , March 11 , 2012
Since 1st March, 1999
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Left starts hub, Mamata restarts

Calcutta, March 10: Mamata Banerjee today laid the foundation stone for an international financial hub in New Town, a project that had once been kicked off by former chief minister Buddhadeb Bhattacharjee during the last lap of the Left Front rule.

Mamata said the Left government had merely announced the project.

Naam-ka-waste (for the sake of it), they announced the project with a private party. No foundation stone was laid. Nothing was done. Once this international financial hub is ready, it will bring in investment, generate employment, enhance economic potential and bring about the resurgence of Bengal. It’s a collective package,” Mamata said.

On October 13, 2010, Bhattacharjee and then housing minister Gautam Deb had announced the project at a programme also attended by Pranab Mukherjee and Sourav Ganguly. Deb had invited Mamata but she did not come.

This is not the first time Mamata has “inaugurated” a project initiated by the Left. Of the 10 industrial proposals she had announced as a “Diwali gift” on October 29, eight were carry-overs from the Left regime.

The Left government had cited the Centre’s Look East policy for setting up the financial hub modelled on Mumbai’s Bandra-Kurla complex, with a cluster of banking and finance corporations.

Mamata gave the same reasons today. “Mumbai is considered the financial capital and Calcutta the cultural capital. Once this hub is ready, it will not just be an icon but a global eye like the World Trade Centre, Walmart and London Eye,” the chief minister said.