Millennium Post

Mahindra group keen to tap investment opportunities in Bengal

Anand Mahindra, Chairman and Managing Director of Mahindra Group, will have a detailed discussion with the Bengal government over proposed investment in the state. He will visit Kolkata at end of the month to meet Bengal minister of Finance, Commerce and Industries Amit Mitra, and may even seek an appointment with Chief Minister Mamata Banerjee, at Nabanna.

The Mamata Banerjee government will be taking a new approach to bring in fresh investment after Tata Motors failed venture in Singur, and Mahindra Automotive could be one such alternative.

“The Chairman and Managing Director of Mahindra Group Anand Mahindra will come to Kolkata on October 28. He will meet the Finance minister and other top officers of the state government. We are really looking for this opportunity to showcase the prospect of industry in Bengal,” said a state secretariat source.

It was learnt that the Finance minister had met Mahindra in the National Capital a few months ago. “They had a productive chat over the prospects of industrial development in Bengal under the leadership of Chief Minister Mamata Banerjee. The CMD of Mahindra Group conveyed to the Finance minister about his trip to Kolkata over discussion of investment opportunities,” the source said.

Moreover, Mahindra may also meet the Chief Minister at Nabanna if it fits into her schedule.. “It is still not known if Mahindra would meet Chief Minister or not. It depends on her schedule,” the source added.

Mahindra Group – one of the most renowned business houses in India – began its journey in Indian steel industry in 1945. Today, it is a $17.8 billion global federation of companies. Famous for its rugged and reliable automobiles, it is also known for innovative IT solutions.

The Mumbai-based conglomerate is eyeing fresh opportunities in the Eastern part of the country. “We believe, they are interested,” said a Commerce and Industries department source.

The scheduled meeting will cover issues such as Bengal’s land policy, land bank and other policies related to industry and investment. “We have adequate land and are ready. Now we can deliver land in accordance with the industry requirement. The infrastructure would be ready too,” the source added.

Sources close to development said Mahindra may visit a prospective land to establish its automobile industry. IT, logistics and real estate may also be key areas of discussion. The state government earlier had approached German luxury vehicle manufacturer BMW for investment.
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