Thanks to irrepressible, unobtrusive West Bengal Chief Minister Mamata “MamataDeedee” Banerjee’s inveterate efforts for it, the state West Bengal has secured investment of over Rs 250,000 crore, a miniscule fraction of fractions never ever even thought — neither, wildly imagined — of in 34 years from 1977 to 2011 “anti-West Bengal” governance by the CPI(M) and its bunkum allies. MamataDeedee successfully mobilized the, otherwise supercilious, investors — all proven big shots in their respective areas — in favor of West Bengal. They are all set to now invest a whopping Rs 250,253.74 Crores in West Bengal state in the ensuing days. Add to that, West Bengal has secured that figure+ .
West Bengal has secured investments commitments to the tune of at least Rs. 250,104 crore thereby turning the present state in a New Bengal Dawns.
Speaking at the concluding day of the two-day Bengal Global Business Summit, Chief Minister Mamata Banerjee said, discussions were on for further investments in the State.
“A rough estimate suggests that investment proposals received this year was to the tune of at least Rs.250,104 crore. However, this figure may go up in the coming days as some discussions are already underway,” she told media-persons.
According to Banerjee, the State has not considered Central government projects and proposals to the tune of Rs. 50,000 crore that are currently proposed or are underway.
“If we consider that then the amount of investment proposals underway will go up further,” the Chief Minister said.
In the summit concluded last year, Bengal had secured investments to the tune of Rs. 243,000 crore, of which proposals worth Rs. 95,000 crore have materialised; and the remaining are under process.
In 2017, the summit will be held on January 20 and January 21.
Sectoral Investments
During the summit, investments in manufacturing and infrastructure sectors remained the focus areas with proposals to the tune of Rs. 116,000 crore.
Power, IT and telecom and transport department remained the other big draws with proposals across the three coming to close at least Rs. 26,350 crore.
Technical education remained another major gainer where investments were made to the tune of Rs.2,000 crore. Investment proposals were also made in other sectors like travel and tourism, fisheries, healthcare and education among others.
Big Corporates
Amongst the major corporates which committed to investments, Purnendu Chatterjee’s The Chatterjee Group was the top draw with a Rs. 22,000 crore project to set up a refinery.
This apart, telecom majors like Reliance Jio and Airtel too committed to investments.
Other major companies include Amity University, Ambuja Group, ITC Ltd, Shriram Group, Mitsubishi Corporation and others.
Logistics Hub and other MoUs
The State Transport department, meanwhile, entered into a MoU with the Calcutta Goods Transport Association to set up a logisitics hub at Baidyabati, some 40 kms north of the city, Coming up over 150 acres of land, the logistics hub will entail an estimated investment of Rs. 5000 crore. It will be completed in another four years time.
The State also entered into an MoU with China’s Zhongtong and Dedico Transport Pvt Ltd to set up a bus manufacturing unit at Andal. The facility will come up at the industrial park of BAPL’s Aerotropolis project.
MoUs have been also entered into with various skill development councils and Maruti Suzuki for technical training of local youths.
German technology and services major Bosch and US tech giant Hewlett Packard also entered into agreements for various projects. While Bosch would on a pilot basis try out a traffic management app (mobile application); Hewlett Packard would look to work on tele-medicines.
Following are the investment details for the first time in JUST IN PRINT : TCG investment in 15mn ton refinery Rs. 20,000 Cr. Investments in up-coming parks of WBIDC Rs. 20,000 Cr, Jindal Group to invest Rs. 10,500 Cr over a period of 5 years at Salbani in Cement Rs. 1500 Cr, Power Plant Rs. 8000 Cr and Paint Rs. 1000 Cr. H-Energy to invest Rs.3100Cr in LNG pipeline across 715Km, Essel group to invest Rs. 4000 Cr in Urban Development, Highway, Tourism and IT. Other private investments (SARPOL [Rs. 1500 Cr.], Shree Cements [Rs. 500 Cr.], Mahindra & Mahindra [Rs. 143.50 Cr.],K. Kalpana Industries [Rs. 225 Cr.], Ambuja Cements [Rs. 350 Cr.], Kajaria Ceramics [Rs. 150 Cr.], Zhongtong Bus Holding Co. Ltd [Rs. 1500 cr.], BDG Metal & Power [Rs. 400 Cr.], BDG PolySteel Ltd.[RS. 40 Cr.], Alpine Distilleries [Rs. 100 Cr.], Svaksha Distillery Limited [R. 200 Cr.]. Patton Industrial Park & Engg. & Plastics Unit [1250 Cr. ) Total Rs.6358.50 Cr. Great Eastern Energy Corpn. Ltd. (GEECL) expansion plan (150 wells) over period of 3 years and investment of Rs. 1700 Cr. Titagarh Towers to invest Rs. 250 Cr. Setting up of modern passenger train facility at Uttarpara, West Bengal. Total Infrastructure investment of Rs. 37,482 Cr. in the National Highways which includes (New Highways of 600 kms – Rs. 6000 Cr. ongoing 12,063 Cr. in the tender stage Rs. 3,728 Cr. and new highways for F.Y. 2015-16, 2016-17 Rs. 15,691 Cr.) Total Inland waterways investment of Rs. 9,566.74 Cr. ( Rs. 4101.74 Cr. at Haldia and Rs. 4415 Cr. at Sagar and Rs. 1050 Cr. at other waterways) 2 Kawasaki Rikuso Road transport (KRT) to invest Rs.150Cr in Temperature Controlled·Warehousing. Investment of Rs. 1500 Cr. by Essar Group in coal bed methane. COLLABORATION AGREEMENT for Development of a World Class Education Hub for Technical and Vocational Education and Training In Kolkata, WB, between B. D. Bangur Endowment, West Bengal and ITE Education Services Pte Ltd., Singapore with a proposed investment of Rs. 2500 Crores. MINING: INVESTMENT OF RS. 23,300 CR. Investment of Rs. 20,000 Cr in Deocha Pachami over next 5 years. Coal blocks to be operational soon with an initial investment of Rs. 2500Cr. JV between WBMDTC & KIOCL (GOI) for developing mines explorations, undertaking mining operation, infrastructure in West Bengal with an expected investment of Rs. 800 Cr. POWER & RENEWABLE ENERGY: PROPOSED INVESTMENT OF RS.8,462 CRORE & 1540MW OF POWER GENERATION Turga Pumped Storage Project (1000 MW) at Purulia, biggest Pump Storage project in the·country – investment of Rs. 5200 Cr. Work of Unit 4 (500 MW) at Sagardighi Thermal Power Project – investment of Rs 3,015 crore. Setting up of Teesta Canal Bank Solar Photo Voltaic Power Plant (10MW) at Uttar Dinajpur (Chopra) – investment of Rs. 67 Crore. 3 X 10 MW Grid Connected Solar Photo Voltaic Power Plants (2 in Purulia at Santaldih· & Chharra and 1 in Bankura at Mejia) at a total cost of about Rs 180 crore. ANIMAL RESOURCES: PROPOSED INVESTMENT RS.45 CRORE 18 MoUs with investment of Rs. 45 Crore. FISHERIES: INVESTMENT OF RS. 115 CRORE 14 MoUs with investment of Rs. 115 Crore TRANSPORT.: PROPOSED INVESTMENT RS. 9,384 CRORE MoU between Kolkata Good Transport Association and GoWB for Setting up Metropolitian Transport Logistic Hub at Baidyabati Rs. 5,000Cr Vivada Corporation (Inland Waterways & Cruises) Rs 100 Cr. Freight Terminal at Howrah with proposed investment of Rs.2,000Cr, Dulagarh Truck Terminal coming up with proposed investment of Rs.1,520Cr, 3 East-West Metro investment Rs. 764 Cr. TOURISM: PROPOSED INVESTMENT RS. 450 CRORES Mega Theme Park Resort – JV between Golden Chariot Retreats and Infra Pvt Ltd [GCRIPL] and Bengal Aerotropolis Pvt. Ltd. [BAPL]. With proposed investment of Rs.250Cr Concession Agreement signed with 3 companies [Sterling Holidays & Resorts Ltd., Seal Tea Exports P. Ltd. & Gangadhar Developer P.Ltd.] for investing Rs. 200 Cr at Galjdoba, Jalpaiguri. FOOD PROCESSING: PROPOSED INVESTMENT RS. 230.50 CRORES, Mandala Capital (UK) investment in Keventer Rs. 100 Cr, Other Private Investments [Messrs Nest Dairy Farms Private Limited , KNC Agro Ltd , Suryodaya Edibles (India) Pvt. Ltd, Vitarich Agro Food (I) Limited, ELMAC Foods Pvt. Ltd., Bangalore Front Farms Limited, S.S.SEA Food PVT.LTD, Payal Dealers Pvt Ltd. And Wonder Proteins] worth of Rs 130.50 Cr URBAN DEVELOPMENT: PROPOSED INVESTMENT RS. 29,000 CRORE Ambuja Neotia Group to invest Rs. 7000 Cr (Approx.), Six New Townships Coming up at Rs.11000Cr Green Township at Port Area at Rs.10,000 Cr. BAPL & Shapoorji Pallonji JV for development of Housing for EWS, MIG & HIG: Rs.750Cr DVC township with BAPL with proposed investment of Rs.250Cr HIGHER EDUCATION: PROPOSED INVESTMENT RS.2150 CR. Investment by Brainware University (Barasat) Rs 150 Cr, AMITY to invest in Higher Education & Research : Rs.2000Cr IT, ITES & TELECOM: INVESTMENTS PROPOSED RS.8,650 CR. National Optical Fibre Network with Rs.3,500Cr., Airtel to invest Rs. 3,500 Cr in next five years, ITC to invest Rs. 1,650 Cr. in integrated IT Infotech Facility Park., MSME: PROPOSED INVESTMENTS RS.50,000 CR. IN 3YEARS Investment Road map for Rs.50,000Cr in Textiles – TEXPRO, 4 HEALTHCARE AND MEDICAL EDUCATION: PROPOSED INVESTMENT RS. 1360 CRORE, PROPOSED INCREMENT IN NUMBER OF BEDS 1420 AND IN MBBS SEATS 450 Pvt investment (Techno India Group [ Rs. 450 Cr.] , Gouri Devi Institution of medical sciences [Rs. 350 Cr.], Sanaka Educational Trust [Rs. 230 CR.], Neotia Getwel Woman & child hospital [Rs. 60 Cr.] , Apollo Gleneagles Hospital Ltd. [Rs. 120 Cr.] & Emami Group [Rs. 150 Cr.]) Rs. 1360 Cr TECHNICAL EDUCATION AND TRAINING: Iron and Steel Sector Skill Council Headquarter at Kolkata and investment of RS. 10 crore for opening ITIs at Durgapur.
