January 3, 2015
Bengal receives Rs 83,000 crore investment in 3 years
West Bengal is all ready to host the Global Business Summit on 7- 8 January, 2015. There has been a turnaround of sorts after the new government took office in May, 2011.
The State revenues have gone up from Rs 21,000 crore to about Rs 39,000 crore, a growth unprecedented in the history of India. Industry leaders, not only from Bengal or India, but from places like Singapore, Japan, Malaysia, USA and UK are expected to attend the summit.
There are strong reasons for such enthusiasm, because actions speak louder than words.
Dr Amit Mitra, State Finance, Commerce and Industry Minister, said:
- Contrary to general perception, West Bengal is riding on growth path. The state has attracted Rs 83,212 crore investment between April 2011 and December 2014
- Tata group company TCS is building 40-acre campus to house 20,000 IT professionals
- Tata Metaliks also plans to expand capacity, while Tata Hitachi Construction Machinery Co plans investment in R&D and up gradation work
- State-run NTPC is setting up the largest power plant having 1,300 MW capacity with an investment of Rs 10,000 crore
- Matix Fertilisers and Chemicals’ plant near Panagarh in West Bengal will use coal-bed-methane (CBM) as feedstock for its Rs 5,500 crore fertiliser unit
- L&T is deeply engaged in state building highways, while the Shapoorji Pallonji Group received the permission to set up 20,000 apartments for LIG and MIG group
- Anil Ambani-led Reliance Group is investing Rs 600 crore for its cement plant on 100 acres of land
- Orissa Cement and Emami Group are also investing Rs 600 crore each for setting up cement facilities in the state
Despite the propaganda by a section of the media and Opposition, the surge of development will continue unabated in Bengal, under the leadership of Mamata Banerjee.