Projects bagged: Steel plants to AI centres, townships to FMCG facilities

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As Chief Minister Mamata Banerjee pitched West Bengal arsenic a “prime concern destination” astatine the 8th Bengal Global Business Summit (BGBS) successful Kolkata connected Wednesday, large players similar JSW, ITC, and Ambuja Neotia Group announced important projects – from alloy plants to AI centres, to airports to play townships to FMCG facilities — totalling thousands of crores of rupees.

Business leaders lauded the state’s dynamic enactment and business-friendly environment, highlighting its imaginable to go a powerhouse of India.  From alloy plants to AI centers, play townships to FMCG facilities, these investments awesome a beardown ballot of assurance successful Bengal’s future.

Announcing an concern of Rs 16,000 crore to physique an 800 MW powerfulness works successful Salboni successful Paschim Medinipur district, JSW president Sajjan Jindal said: “It’s ever inspiring to spot the passionateness and emotion with which Mamata Didi is transforming Bengal.”

JSW volition besides put successful the Durgapur Airport improvement arsenic the 2nd largest airdrome of Bengal. “I person seen the advancement from spot to strength. Under Mamata Bamerjee’s leadership, Bengal has emerged arsenic 1 of India’s astir dynamic concern destinations. I don’t deliberation immoderate different authorities offers the benignant of facilities astatine concern summits that I spot successful Bengal… Bengal is turning into a gateway of commerce to India. From my idiosyncratic acquisition I tin conscionable accidental Bengal needs business… Bengal has each the ingredients to go a powerfulness location of India,” Jindal said arsenic helium announced an concern of Rs 20,000 crore — the group’s largest concern successful the authorities to date.

The ITC inaugurated 2 cardinal projects connected Wednesday — ITC Infotech Global AI Centre of Excellence astatine Rajarhat and a state-of-the-art FMCG manufacturing installation astatine Uluberia.

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The Rajarhat centre volition “drive precocious AI research, contributing importantly to the improvement of West Bengal arsenic a starring AI hub successful India, portion the Uluberia installation volition nutrient ITC’s idiosyncratic attraction products and service arsenic a neem probe centre, ITC president Sanjiv Puri said.

“Our assurance successful Bengal is reflected successful our expanding footprint successful the state. Encouraged by the economical resurgence that we are witnessing here, we person importantly scaled up our projects successful the authorities crossed each sectors of the economy,” Puri said, adding that ITC has invested implicit Rs 7,500 crore successful West Bengal implicit the past decade.

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“Recent investments see enlargement astatine its Panchla foods mill and Tribeni Décor Paper facility.  ITC and aims to treble its footprint,” helium added. To further enactment the state’s cultivation sector, ITC launched ITCMAARS, a ‘phygital’ ecosystem providing farmers with entree to precocious cultivation services, integer technologies, and marketplace linkages, aiming to screen 5 lakh farmers done 100 FPOs.

The Ambuja Neotia Group besides announced to put Over Rs 15,000 crore successful West Bengal, implicit the adjacent 5 years. The investments volition span crossed healthcare, hospitality, tourism, residential and commercialized existent estate, and a first-of-its-kind golf-themed township.

Harshavardhan Neotia, president of Ambuja Neotia Group, said the “proactive governance and enactment from Chief Minister Mamata Banerjee has helped catalyse concern opportunities successful the region.”

Claiming that 70 per cent of Neotia group’s concern is successful West Bengal, helium said: “We volition put Rs 5000 crore successful golf-themed township. It volition beryllium Bengal’s archetypal international-standard play township, featuring an 18-hole play course, golf-view villas, apartments, a play hotel, a clubhouse, and premium manner amenities. The 240-acre task has been successful readying for respective years and preliminary improvement has begun.”

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“Bengal has ever been our location and our karmabhoomi. We are committed to its maturation and development, and these projects volition make caller opportunities, heighten infrastructure, and fortify Bengal’s presumption arsenic a concern and tourism hub,” Neotia added.

FICCI president and Emami Ltd vice-chairman Harsha Vardhan Agarwal said: “Bengal has been instrumental successful our maturation crossed idiosyncratic care, healthcare, retail and healthcare. West Bengal is not conscionable a state, it is simply a bequest of resilience, and creativity. Under the dynamic enactment of Mamata Didi, Bengal has seen unprecedented growth. Emami Group which began arsenic a startup has present a turnover of astir Rs 30,000 crore. The authorities has a business-friendly situation which allows america to thrive. The aboriginal of Bengal is luminous, limitless,” helium added.

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