Bengal gets investment proposals of Rs 2.20 lakh crores in business summit: CM

[] West Bengal has received investment proposals of nearly Rs 2.20 lakh crores during the state’s global business summit, with a potential to create 20 lakh jobs, chief minister Mamata Banerjee has said

The Bengal Global Business Summit (BGBS) 2018 has attracted new investment proposals of close to Rs 2.20 lakh crores, with a job creating potential of 20 lakhs, the state’s chief minister Mamata Banerjee said, at the mega event held at the newly-constructed Biswa Bangla Convention Centre at New Town, on January 17, 2018. Besides this, she said, over 110 MoUs were signed covering mining, power, education, cutting-edge technology, animation centre, skill development, warehouses, food processing, animal resource development, transport and leather. During the two-day summit, 1,046 B2B (business-to-business) and 40 B2G (business-to-government) meetings were held, she said.

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She said that one lakh jobs would be provided by Reliance Industries alone, as announced by its chairman Mukesh Ambani on January 16, 2018. The state’s finance minister Amit Mitra told reporters that the break-up of the investment proposals included Rs 1.56 lakh crores in manufacturing and infrastructure, Rs 52,925 crores in micro small and medium enterprises (MSME) and Rs 1,146 crores in IT and ITeS. Other proposals included Rs 1,518 crores in animal resource development, food processing and fisheries, Rs 1,483 crores in hospitality and tourism and Rs 6,015 crores in healthcare and skill development.

The BGBS saw participation from 32 countries, with nine of them being partners. The next edition will be held on February 7 and 8, 2019. Major business groups which announced investments at the summit included Reliance Industries, Adani Group, JSW Group, Adventz Group and RP-Sanjiv Goenka Group. There was, however, no representation from the central government at the BGBS this year.

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Banerjee said 50 per cent of the investment proposals made at the last year’s event, were already in progress. She said Bengal was the new investment destination now, because of political stability, industry-friendly environment and also because of its strategic location.

Mitra said the state government, in the course of the two-day summit, also announced a logistics park development promotion policy, export promotion policy and RoRo operation promotion policy. Ratnabali Group would set up an autism therapy centre outside the city, at a cost of Rs 600 crores which was a first in the country, he said. Multi-national companies including Dassult, Aramco, Dubai Multi Commodity Center, Samsung, Pepsi Co, Covestro and Chemixil, have expressed business interest in Bengal, a government statement said.

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Category: Lifestyle

Debora Berti

Università degli Studi di Firenze, IT

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