Rs 39,000-crore investment promised at Bengal Global Business Summit

Investments worth Rs 39,000 crore were promised by industry honchos at the Bengal Global Business Summit.

While Reliance Industries Chairman Mukesh Ambani announced an additional investment of Rs 10,000 crore in West Bengal, Karan Adani, CEO of Adani Ports and Special Economic Zone, said the company plans to set up a world class port and logistics park.

ITC said it will pump in Rs 1,700 crore to set up a new personal care products plant and upgrade its current facilities in the state, while DP World is investing Rs 3,000 crore in Kulpi Port.

However, Sajjan Jindal, chairman and managing director of the JSW Group, said although the group has been considering to put up a steel plant in Bengal worth Rs 50,000 crore, lack of raw material has been holding its plans back.

Nevertheless, Jindal tested waters in Bengal with its 2.4 mtpa cement plant, Jindal said and added: “We are now doubling the capacity of this plant.”

Image Credit : thehindubusinessline.com

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