The Union Ministry of Corporate Affairs revealed that 2,227 companies moved their registered offices out of West Bengal between 2019 and 2024. Among them, 39 are listed on stock exchanges.
This information was shared in response to a question raised by BJP Rajya Sabha MP Shamik Bhattacharya.
West Bengal has over 3,500 listed companies, but the departure of so many businesses highlights concerns about the state’s industrial environment.
The Bharatiya Janata Party criticised the situation, pointing to it as a failure of Chief Minister Mamata Banerjee's leadership.
Amit Malviya, BJP’s co-observer for Bengal and head of its IT cell, tweeted, “This exodus is a grim reflection of the lack of jobs, trade, and industrial growth in the state. Mamata Banerjee’s leadership has been a disaster for Bengal.”
The ministry explained that companies left for reasons like better administration, operational efficiency, lower costs, and improved business opportunities. Most of these companies were involved in manufacturing, finance, and trading.
This trend has sparked debate over the state’s economic policies and its ability to attract and retain businesses.
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