West Bengal chief minister Mamata Banerjee on Thursday mentioned the state obtained funding proposals price Rs 3.42 trillion throughout the sixth Bengal Global Business Summit (BGBS), and this quantity of funding will assist the state create round 40 lakh new jobs throughout sectors.
Speaking on the valedictory session of the BGBS, Banerjee mentioned the two-day summit achieved a “remarkable success” as throughout the occasion a complete of 137 Memoranda of Understanding (MoUs) and Letters of Intent (LoIs) had been signed for the proposed investments.
“Pandemic will come and go. But our life and livelihood are most important. This summit has been a remarkable success. It is the global industrial festival. It is the festival for industry,” the chief minister mentioned, including round 500 overseas delegates from 42 nations attended the occasion.
“Invest more and more in Bengal. If you invest more and more here, Bengal would surely become the top industrial state” she informed industrialists. She knowledgeable me that the following BGBS might be a three-day occasion, which can begin on February 1, 2023.
Banerjee knowledgeable {that a} activity drive might be arrange beneath the chief secretary of the state for fast implementation of business tasks. During the occasion, sectoral committees had been fashioned and these committees might be co-chaired by industrialists within the fields of agriculture and allied companies, MSME, exports, companies sector and tourism. “These committees will meet once a month and give suggestions on policy changes for the creation of more jobs and investment opportunities. And, the state’s industrial promotion board will discuss the policy changes suggested by these panels,” she added.
On Thursday, GAIL mentioned its joint-venture firm Bengal Gas Company (a three way partnership of GAIL (74%) and Greater Calcutta Gas Supply Corporation) will make investments round Rs 5,000 crore in West Bengal. GAIL is presently implementing tasks price over Rs 4,000 crore within the state.
ONGC mentioned it’s planning to speculate round Rs 1,500 crore within the subsequent three-four years on exploration and extraction tasks within the state.
On the primary day of the summit, Gautam Adani, chairman, Adani Group, who attended the BGBS for the primary time, mentioned his group will make investments over Rs 10,000 crore over the following 10 years in Bengal and this funding will assist the state create employment alternatives for 25,000 folks.
Sajjan Jindal, chairman, JSW group, mentioned the group is taking a look at organising a 900 MW pump storage hydel energy venture within the state and likewise organising a rolling store for the metal business close to Kolkata. Jindal, nevertheless, didn’t reveal the funding quantities.
The Hiranandani Group is trying to arrange a knowledge centre in Bengal. Besides, additionally it is trying to arrange an industrial and logistics park throughout 100 acres of land. Niranjan Hiranandani, MD, Hiranandani Group, mentioned the group can be taking a look at investing in pure fuel infrastructure throughout 5 districts within the state.
ITC chairman Sanjiv Puri mentioned the corporate will quickly begin constructing its twentieth plant within the state. ITC now has 19 manufacturing items within the state.
TV Narendran, MD, Tata Steel, mentioned the corporate is within the means of doubling its capability in considered one of its vegetation in West Bengal at an funding of Rs 600 crore.
“Now, my destination is industry. We will be successful here. We want to make Bengal no. 1 in the industry for generating huge employment. Whatever land is required for industry, is available in the state,” chief minister Banerjee mentioned, talking on the occasion on Wednesday. “Not less than 1.5 crore of employment will be generated in the coming years,” she added.
The chief minister mentioned funding proposals price round Rs 12 lakh crore had been obtained between 2015 and 2019 in BGBS and they’re beneath varied levels of implementation. The final version of the Bengal Global Business Summit was held in Digha in 2019.
Source: www.financialexpress.com”