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November 29, 2013

Investments galore for West Bengal, from India and abroad

Investments galore for West Bengal, from India and abroad

Japanese industrial gas maker Air Water Inc has invested around Rs 100 crore, or 1.8 billion Yen, in West Bengal. Air Water officials had a meeting with West Bengal Industry Minister Partha Chatterjee.

Air Water is a listed public limited company with a capital of 32 billion yen and net sales of 542 billion yen as of March 2013.

This foreign investment comes after the new Industry policy set up by the Government on the initiative of Chief Minister Ms. Mamata Banerjee. After the success of Bengal Beckons Meet in Mumbai, Chief Minister addressed a plenary session at the 4th BIZ BRIDGE, an industrial summit organised by the Confederation of Indian Industry (CII) in partnership with the state government. There she reached out to the industry, asking them to invest in the state. The CM also announced the formation of a task force for speeding up the pending projects.

On November 15, 2013, British Prime Minister David Cameron met the Bengal Chief Minister at Kolkata and assured British investment in West Bengal, who was invited by him to visit the UK. The meeting was very constructive and positive. There was a detailed discussion on the future course of action for British investments in the state.

On the same day, a globally renowned private company decided to invest Rs 200 crore for setting up a cancer research institute in Rajarhat. This development comes close on the heels of a visit by a private company to Coochbehar to inspect land for setting up industry in the district.

Responding to CM Ms. Mamata Banerjee`s clarion call for investing in the state, several private players are lining up with proposals for the state. Surely, the golden days of Bengal are all set to return soon.