Mamata invites industry honchos to invest in Bengal
Terming West Bengal as the economic future of India, Chief Minister Mamata Banerjee has invited the industry to set-up an auto and a pharma hub in the state.
While interacting with industry players at an event organised by the CII on Tuesday, she said her government has land bank available to promote <g data-gr-id="31">growth</g> of these hubs and other sectors.
She said despite progress on numerous economic fronts, there was a lot of negative publicity of the state, the reason being the low financial stature of her political party Trinamool Congress.
“There is negative publicity about the state despite its progress on all fronts. This may be due to the fact that we are poorest of the poor party,” she said.
Assuring full cooperation from the state departments concerned to <g data-gr-id="27">setting-up</g> industrial units in the state, the Trinamool supremo said <g data-gr-id="26">agro marketing</g> and solar energy sectors besides manufacturing, engineering and automobile are the areas which are rich in opportunities.
The chief minister said a core industry body has been set up to oversee the concerns of the industry and help to clear all necessary approvals.
She further said her visits to UK, Singapore, Bangladesh and Bhutan have generated interest in the nation's eastern state from investors and businessmen alike.
Prime minister Narendra Modi has also previously termed east India as the nation's future potential industrial powerhouse.
Token investment for Bengal from Mahindra & Mahindra
Automotive major Mahindra & Mahindra after raising <g data-gr-id="45">land</g> issue for industry before the West Bengal Chief Minister Mamata Banerjee on Wednesday said it lined up a token investment proposal of Rs 150-200 crore in the state.
“We are planning to have a regional distribution centre at Kharagpur that would entail an <g data-gr-id="46">investemnt</g> of Rs 150-200 crore,” Mahindra & Mahindra executive director Pawan Goenka. The regional distribution centre will help better distribution and logistics management for the Rs 2000 crore spare parts business it does in this part of the country. The centre will require only a few acres of land (10-15 acres). Currently, no person can hold more than 24 acres in the state. An investor with more than 24 acres has to apply to the government under section 14Y of the Act urging it to raise the ceiling.