Encouraged by the sales in the affordable housing segment in Bangla, the State Government is ready to allocate 100 acres in Panagarh, Paschim Bardhaman for an exclusive industrial park for construction materials and supply chain. The land is owned by West Bengal Industry Development Corporation (WBIDC).
This was announced recently by the Industry, Commerce & Enterprise Minister, Dr Amit Mitra at a conference by the CII in Kolkata. The minister further informed that if the demand is higher, then another 100 acres can be offered.
Interestingly, while the rest of India has undergone a slump in the real estate sector, low-cost housing has picked up in the past few years in Bangla.
However, the minister informed, while 35-odd building materials are manufactured in Bangla, real estate developers still have to import some 25 more from other places. The park will have facilities for manufacturing every single building material.
The minister also stressed upon scaling up the facilities at the existing industrial park in Panagarh to woo investors. It has already seen an investment of Rs 770 crore. Matrix Group has invested 100 million US dollars there and Emami has come up with its cement plant.
Dr Mitra also informed that 2,666 acres have been given for another industrial park in Raghunathpur, beside the Amritsar-Dankuni Freight Corridor, with another 800 acres ready if demand escalates.
Source: Millennium Post, The Statesman