The speed of processing applications is slow compared to other states. The time taken to get projects off the ground is more. Efficiency in this area would be a welcome step,” Singh said.

Overall, he added, the investment climate is comparable to all the leading states.

“Bengal is among the top five states in attracting new projects. As for its industrial history, Bengal has given leading entrepreneurs to the nation, but several have shifted elsewhere due to labour issues and the policies of the state government,” Singh said.

According to S Radhakrishnan, ex-president, Bengal Chamber of Commerce & Industry, the reason for the state’s poor overall performance could be attributed to the mindset of the people.

“Traditionally, people prefer to go in for education and jobs. Entrepreneurial skills should be taken to the educational forums. Some chambers of industry have started this, but much needs to be done,” he said.