Bengal Global Business Summit 2016

West Bengal has secured investment commitments to the tune of at least ₹2,50,104 crore, Chief Minister, Mamata Banerjee said on Saturday.

Speaking at the concluding day of the two-day Bengal Global Business Summit, Banerjee said discussions were on for further investments in the State.

“A rough estimate suggests that investment proposals received this year were to the tune of at least ₹250,104 crore. However, this figure may go up in the coming days as some discussions are under way,” she told mediapersons.

According to Banerjee, the State has not considered Central government projects and proposals of around ₹40,000 crore that are currently proposed or under way.

“If we consider that, then, the amount will go up further,” the Chief Minister said.

In the first edition of the summit, held in 2015, Bengal had secured investments to the tune of ₹243,000 crore; of which proposals worth ₹95,000 crore have materialised; and the remaining are under process.

In 2017, the summit will be held on January 20-21.

Sectoral investments

Manufacturing and infrastructure remained the focus areas with proposals coming in to the tune of ₹116,000 crore.

Power, IT and telecom and transport department remained the other big draws with the three accounting for investments to the tune of ₹26,350 crore.

Technical education remained another major gainer with proposals worth ₹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 ₹22,000 crore refinery project.

This apart, telecom majors like Reliance Jio and Airtel too committed to investments. Other major companies include Amity University, ITC Ltd, Shriram Group, Mitsubishi Corporation, Ambuja Neotia and others.

Logistics hub

The State Transport department, meanwhile, has entered into a MoU with the Calcutta Goods Transport Association to set up a logistics hub at Baidyabati, some 40 km north of the city. Coming up over 150 acres of land, thehub will entail an estimated investment of ₹5,000 crore. It will be completed in another four years.

The State also entered into a MoU with China’s Zhongtong and Dedico Transport Pvt Ltd to set up a bus manufacturing unit at Andal. The ₹1,500 crore facility will come up at the industrial park of BAPL’s Aerotropolis project.

Other agreements

MoUs were 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.

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