No new investment coming to Bengal: PRS Oberoi
August 02, 2018  14:15
PRS Oberoi - the 89-year-old son of the patriarch MS Oberoi - grimaces at the sight of the squalid pavement that rings Oberoi Grand, the group's iconic Kolkata property, which is now overrun by squatters and hawkers who choke every corner of the building. Oberoi doesn't mince his words: "It is very sad to see what is happening to the centre of the city.... I feel very sad when I come to Calcutta. The city has deteriorated. There is no real development.... No new investment is coming to Bengal.... You should know the reason. If you want to buy something from the Grand Arcade, you can't go there. The shopkeepers are crying."

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