Article: Communist Basu Seeks U.S. Greenbacks

Indranil K. Ghosh
India Abroad
09-01-1995
Communist Basu Seeks U.S. Greenbacks.

The British-educated Jyoti Basu, the longest-surviving Communist chief minister, traveled to New York by Concorde, stayed at the Waldorf-Astoria and dined with capitalists. He was on a mission to drum up investment in West Bengal which has been slipping back as an industrial state since he took over in 1977.

Today he is a front-runner for foreign investments. He managed to attract project proposals worth $1.4 billion during his U.S. and European visits in a month. "We have had a rewarding time," commented Basu on returning home after leading the state's first post-reforms business delegation to some of the ...

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