‘Bengal witnesses boom in infra development’

There had been a growth in the infrastructure development in the state in last few years. With more investments under PPP model coming in, the state is witnessing an unprecedented boom in infrastructure development, said Hemant Kanoria, Chairman and Managing Director of SREI.

While speaking at a programme at a city hotel, Kanoria said that opportunities will be created in the state as there has been a major infrastructural growth in the power sector, road, rail and industrial parks in the state. 

In these sectors more investments are coming in under the private public partnership. This will be a major boost in the economy in the region. 

Various Industrial Parks that are being set up across the state following the initiative of the Chief Minister Mamata Banerjee will create opportunity and employment, said Kanoria. 

SREI is one of the Indias’s largest private sector integrated infrastructure institutions, constantly delivering innovative solutions in the infrastructure sector. 

Kanoria on Tuesday announced that BNP Paribas Lease Group proposes to acquire 2,51,54,317 equity shares of SREI representing 5 per cent of the total paid-up equity share capital and lieu thereof, transfer/sell its entire shareholding of 2,98,30,000 equity shares in Srei Equipment Finance Limited representing 50 per cent of the total paid-up equity share capital to SREI.    

Kanoria also praised the PPP model for its contribution towards the growth of infrastructure. 

“PPP model in infrastructure building has become extremely successful in the country. The investments which were generated in various projects through private public partnership have immensely boosted the economy. The infrastructure development has received a facelift,” he said.