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Wednesday , 23 August 2017
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14,000 crore investments in Bengal by Sanjiv Goenka and Bharti Group

During the third edition of the Bengal Global Business Summit, Bengal has received investment proposals worth a staggering 2.35 lakh crore. The investments have been pledged by various corporates across sectors such as urban development, manufacturing, MSME and transport. “Despite demonetization, we have fared well in securing investments for the State,” CM Mamta Banerjee said while speaking to the media.

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Several corporate giants have pledged investments such as Future Group, Bharti Group, R.P. Sanjiv Goenka Group and Hero Group. “I am committing an investment of Rs 10,000 crore in the FMCG sector in the state over the next few years,” R.P. Sanjiv Goenka Group chairman Sanjiv Goenka said at the inauguration of the summit. He appeared confident about West Bengal being an investor friendly state and said, “There is transparency in deals. There is no hitch, no delay… West Bengal means business.”

Bharti Enterprises vice-chairman Rakesh Bharti Mittal also provided details about the Group’s plan to invest in Bengal. “The Bharti Group will invest about Rs 3,000-4,000 crore in the state in the next two to three years,” he said. He added that his group has already invested Rs 30,000 crore in the state so far.

Kishore Biyani’s Future Group plans to market “Biswa Bangla” products via its ‘Central’ stores. There are also plans to build a 2 lakh sq ft apparel manufacturing hub in Bengal, he said.

Foreign investment proposals have also been received, which include a ₹27000 crore mass rail transit system by Chinese companies. Investment agreements have also been signed with Korean companies for development of ‘green city’ projects. Other investments will also be announced soon, after they are finalized by respective companies.

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