Tag: Durgapur

SAIL to invest Rs 42000 crore in Bengal

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Maharatna PSU Steel Authority of India (SAIL) will invest an additional Rs 42,000 crore in West Bengal over the next 10 years under its capacity expansion plan. The giant PSU currently has an installed capacity of 19.5 MT; the goal is to achieve a capacity of 50 million MT soon.

SAIL had invested a total of Rs 16,400 crore in IISCO’s modernisation. There is a long term target of 300 MT steel production by 2025 in which West Bengal would have the majority share. Additionally, plans are being simultaneously made for further expansion in IISCO as well as the Durgapur Steel Plant. The total investment in these two projects is estimated to be Rs 35,000 crore.

Since the implementation of the Investment and Industrial Policy of West Bengal 2013, the West Bengal Government has generated a lot of goodwill among industrialists and investors. SAIL having made plans for further investment illustrates the industrial potential of State and the initiative of the West Bengal Government.

Andal airport to be operational from May 18: WB CM

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India’s first private green-field airport set up in collaboration with Changi International Airport of Singapore is ready for commercial operation from 18th May, 2015 at Andal near Durgapur.

WB CM Ms Mamata Banerjee today addressed a press conference where she announced that Kazi Nazrul Islam Airport at Andal is India’s first green-field airport. Seventeen such airports were announced to be set up in India but only the Bengal project was completed.

WB CM thanked Singapore-based Changi Airport group for their support and cooperation. She said this airport will soon have flight connectivity with Singapore. The government has also decided to exempt sales tax on aviation turbine fuel for this airport till 2020-21 to make air-travel affordable for common people.

“Bengal will now be connected with the entire world,” the Chief Minister remarked.

Tweets from the Chief Minister:

WB CM names six new townships coming up in Bengal

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Six new townships will be coming up in West Bengal, providing homes to middle class and the poorer section of the society. To be built under PPP model, there will be 25% reservation for the poor section for availing flats in these cities. The land required to set up these cities will be provided from the Land Bank of the West Bengal Government.

The townships will come up at Asansol-Durgapur, Bolpur, Siliguri, Kalyani, Kamalgazi and Gazoldoba.

The township at Asansol-Durgapur will be named Agnibina, that in Bolpur will be christened Geetabitan. The township in Siliguri will be called Teesta, the one in Kalyani will be known as Samriddha. The one in Kamalgazi will be called Uttam City while that in Gazoldoba will be known as Mukta Tirtha.

The site for another city, christened Biswa Bangla, is to be decided soon.

The cities will be complete with hospitals, sports complexes and all other modern facilities.

WB Government receives proposals for 13 new townships

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The West Bengal Government has received proposals for approval of 13 new townships across the state. Keeping in mind the various needs of the people, these proposals have come to build the townships under various themes like health, education, entertainment, handicrafts and even for senior citizens etc. These townships will have all basic facilities from healthcare, education and various other needs for day to day life.

The proposals have been received from all local entrepreneurs and the sites selected by them are Sonarpur, Baruipur, Barasat, Howrah, Domjur etc. The State Government is also promoting other areas in the state like Baharampur, Uluberia, Chinsura, Chandannagar, Duttapukur, Asansol, Durgapur, Siliguri, Maldah etc.  For these areas, the Government is thinking of giving special packages and the matter is now under the consideration of Urban Development Minister.

The new 13 proposals will be built on land measuring 50 to 185 acres and is expected to get their go ahead in the next Cabinet meeting.

From the very beginning the West Bengal Government had made it very clear the interested investors have to procure land on their own and the Government will also not handover any of its land located in various prime localities.

The two important criteria to be maintained while building these townships as set by the West Bengal Government are 25% of the housing facility should be reserved for the financially weaker section of the society and another 25% have to be invested in economic development projects.

How to obtain a Micro Business Credit Card

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The West Bengal Government has successfully launched a Micro Business Credit Card, the first of its kind in India, to facilitate small and medium business entrepreneurs of the State.

Entrepreneurs will now be able to avail cash credit or loan up to Rs 5 lakh for their business activities, even without collateral security. The State Bank of India has extended support to the Government of West Bengal in this venture.

A fund of Rs 200 crore has been set up for facilitation in Bardhaman, Durgapur, Asansol and other places to speed up the clearance process for the business credit cards.

For details on how to apply for the Micro Business Credit Card click here