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December 25, 2018

North Bengal receives Rs 4,500 crore investment

North Bengal receives Rs 4,500 crore investment

As a result of the policies of the Bangla Government, North Bengal is drawing substantial investment.

At the North Bengal Conclave in Siliguri recently, organised jointly by the West Bengal Industrial Development Corporation (WBIDC) and Confederation of Indian Industry (CII), the Finance Minister Dr Amit Mitra said that an investment of Rs 4,500 crore has been finalised, of which works worth Rs 823.95 crore has been completed and works worth Rs 971.98 crore are ongoing.

He further said that proposals worth Rs 2,700.71 crore have been made at the conclave, including for the Scheme for Approved Industrial Parks (SAIP), which would be fulfilled in the next financial year (2019-20).

The State Government has launched special projects by providing opportunities to the private sector to set up industrial parks, a scheme called SAIP, and under which, at present, four industrial parks are being developed in Jalpaiguri and Dakshin Dinajpur districts.

In the coming year,North Bengal is going to get 15 industrial parks, thanks to the State Government, of which the work for six has already started.

Dr Mitra also said that the government is very keen on promoting North Bengal through investing in sectors like food processing, tea, fish feed, pharmaceuticals, textiles, cold storage, plastic processing and polymers.

At the conclave, the managing director of the WBIDC, said West Bengal’s merchandise exports were worth US$ 9.14 billion in 2017-18 with an annual growth rate of 11.05 per cent.

She also said that the WBIDC has created the Export Promotion Cell, which, among other things, would hold regular review meetings.

Source: The Statesman