Kolkata International Financial Hub

[DRARIJITMITRA]

Yes completely agree - here in the UK when all our Bengali friends get together, we plug our laptops on to our TV sets to view the great snaps taken by Samrat and all other contributors to this forum - we can see and know what's happening back home from time to time - well done guys

PS. Samrat, you could easily come up with a website which would be an instant hit.

[samrat_m]

Really, OMG!!!
Well its the effect of the company I'm in, a truly wonderful bunch of guys here @ SSC. Thanx to all my fellow forumers.
It feels good to know that my posts were appreciated. I will feel much better if it serves the real purpose - to enhance the image & credentials of my city, state and country.

[AbhishekDatta]

from PS blog:

EOI for Financial Hub Phase II
After the Phase I of the offer inviting participation in the International Financial Hub in Kolkata's New Town, it is seen that the following Financial Institutions will participate in / near the Hub:
State Bank of India, Kolkata Stock Exchange, Allahabad Bank, United Commercial Bank, United Bank of India, National Insurance Corporation, Institute of Chartered Accountants of India, West Bengal Financial Corporation and West Bengal Infrastructure and Financial Development Corporation.
Today, notice inviting Expression of Interest for the second phase has been published. Here is a clipping from the notice in today's Times of India:

[NiladriG]

http://www.wbhidcoltd.com/notice/EOI...n_Hub_Plot.pdf

NOTICE INVITING EXPRESSION OF INTEREST FOR
ALLOTMENT OF WBHIDCO LAND AT FINANCIAL HUB NEW TOWN, KOLKATA ON ‘LEASE-HOLD’ BASIS
WEST BENGAL HOUSING INFRASTRUCTURE DEVELOPMENT CORPORATION LTD.,
(WBHIDCO) , a Government of West Bengal Enterprise under the Department of Urban Development
, Government of West Bengal, invites sealed applications for allotment, by way of transfer on ‘LeaseHold’ basis on 99 years of lease, of 6(six) vacant plots having total area of nearly 12.5 acres of land
located in the Financial Hub in the Central Business District (CBD) Area of the New Town, Kolkata,
from intending, Financial Institutions, Non-Banking Financial Companies, Insurance Companies and
such other Financial/Regulatory Agencies as described in the Annexure-I of the EoI document for the
specific purposes for setting up of Financial Hub in the CBD Area of New Town, Kolkata. Last date and
time for receipt of offers expressing interest shall be up to 14.00 Hrs. on 31.01.2013
An Earnest Money amounting Rs. 25 lakh (Rs. Twenty Five Lakh Only) for each of these plots of land
shall have to be deposited only through Demand Draft/Banker’s Cheque/NEFT/RTGS in favour of West
Bengal Housing Infrastructure Development Corporation Ltd. payable at Kolkata along with the
application. Offers without EMD will be rejected outright and will not be considered. EMD (without
interest) of unsuccessful bidders shall be refunded after final selection while that of successful bidders
shall be adjusted against the offered lease premium.
Documents complete in all respects and signed on all pages in a Sealed envelope containing the offer
along with the Earnest Money should be super-scribed “OFFER FOR ALLOTMENT OF WBHIDCO PLOT OF
LAND (PLOT NO………………………….) IN FINANCIAL HUB IN NEW TOWN, KOLKATA’ in the manner stated
in details in the website www.wbhidcoltd.com have to be submitted at HIDCO BHABAN, Premises
No.35-1111, Major Arterial Road, 3
rd
Rotary, New Town, Kolkata-700156.
OFFERS shall be opened at the same place at 15.00 Hrs. on the same day i.e. 31.01.2013 in
presence of Intending Investor-Applicants or their authorized representatives who will choose to be
present.
WBHIDCO Ltd reserves the right to accept / reject any or all offers at its sol

[Suncity]

The site next to Mani Casadona



Uploaded with ImageShack.us

The Synthesis Business Park has now been renamed



Uploaded with ImageShack.us

[Rajarshi77]

Doesn't look like there are any offices inside. Bhooter bari na finance center!!

[Sumanb]

I could see one neon sign of 'Genius' on top right ... though do not know if its a finance company or not

[Rajarshi77]

Originally Posted by Sumanb

I could see one neon sign of 'Genius' on top right ... though do not know if its a finance company or not

Don't they sell batteries?

[samrat_m]

'Genius' is a human resource consultancy firm.

[vaidya]

Irrespective of what it may be, the building's exterior design really looks fab..

[DFan]

http://www.thehindubusinessline.com/...cle4213591.ece


59-storeyed iconic commercial skyscraper !!!

[DFan]

http://www.thehindubusinessline.com/...cle4213591.ece

59-storeyed iconic skyscraper !!!

[studdmanster]

59 floors....

[samrat_m]

Another 59 storied skyscraper. Hope this will materialise.
Boy, just bring 'em on.

[CalcuttaChromosome]

Originally Posted by samrat_m

Another 59 storied skyscraper. Hope this will materialise.
Boy, just bring 'em on.

Sometimes I get puzzled why they stop at 59, what was in that one floor to make it 60? The other skyscraper is stuck at 62, once crossed 60 they could have made it to 70. But what's the meaning of 62, 59, I don't understand

Also can someone post it in PS Blog and ask for authentication of such a splendid news. I hate getting upset later on.

[studdmanster]

we just shudn't stop at 62 now, need someone to shoot for the 70 mark also...scope is there in Kolkata...

[AbhishekDatta]

from another source:

Bengal scouts for foreign players in upcoming financial hub
Set to conduct road shows in UK, Singapore, Hong Kong in order to invite banks for becoming a part of upcoming financial hub
Shine Jacob / Kolkata Dec 18, 2012, 20:00 IST


Even as the West Bengal government had been opposing FDI in retail, it is scouting for investments from banks and other financial institutions from the United Kingdom, Singapore and Hong Kong to be a part of the state’s upcoming financial hub.

The state government is set to conduct road shows in these countries, in order to invite banks for becoming a part of the upcoming international financial hub at Rajarhat area, in the outskirts of Kolkata.

State officials have already visited London in this regard. “We will invite an expression of interest from global firms in this regard by March next year and will conduct road shows in major financial hubs across the world, like Singapore and Hong Kong,” said Debashis Sen, chairman and managing director of Hidco, the real estate arm of state government, which is developing the project.
The hub is similar to that of Bandra-Kurla Complex in Mumbai. In the first round of bidding for nine plots for 25 acres of land, closed on October 31, only five firms showed interest. Meanwhile, the second stage of bidding will be over by January 31.

“As of now, State Bank of India, UBI, UCO Bank, Institute of Chartered Accountants of India, Allahabad Bank, West Bengal Infrastructure Development Finance Corporation, West Bengal Finance Corporation and National Insurance have shown interest in the hub,” urban development minister Firhad Hakim said.

The hub area will include a 59-storeyed building and also a convention centre with a capacity of 6,000 people at a time.

http://business-standard.com/india/n...-hub/199944/on

[AbhishekDatta]

and now something different:

Phase three of global financial hub to lure foreign direct investment
TNN | Dec 19, 2012, 04.12 AM IST

KOLKATA: The state government is striving to make the upcoming International Financial Hub truly international and will earmark the third phase of the hub for foreign direct investment (FDI).
Urban development minister Firhad (Bobby) Hakim said on Tuesday that the government has already got nine financial companies in the first phase and expects good response for the second phase, too. The second phase of the project will be housed in an iconic 34-storied structure, which is likely to be the second tallest building in Kolkata after the 36-storied South City.

The minister was interacting with reporters on the sidelines of a seminar on financial hub organized by Assocham and the state government. The companies that are acquiring land at the hub or are in the process of doing so are UCO Bank, United Bank of India, National Insurance Company, State Bank of India, WBFC, WBIDFC, Calcutta Stock Exchange, Allahabad Bank and Institute of Chartered Accountants of India (ICAI). "We shall organize road shows in Singapore in the third phase to attract foreign companies," said Hakim.

Urban development secretary Debashis Sen argued that the possibility of getting foreign companies at the hub was very high. "It depends on the manpower cost and the cost of living, which are much lower here compared to Singapore or Hong Kong. We can expect to generate back office jobs for the financial institutions," he added. Sen indicated that IT companies could be allowed to do the back office jobs for the financial institutions at the hub.

The last date for submitting applications to take part in the second phase of the project has been fixed on January 31 next year. "We shall float a tender for appointing an architect firm for the 34-storied iconic building," said Sen.

Earlier, Nasscom (eastern region) head Suparna Moitra had suggested that the state should consider IT companies engaged in financial jobs for the hub. Incidentally, in the second phase, the authorities want to hand over six vacant plots in the financial hub having an area of 12.5 acres on a leasehold basis for 99 years.

Chief minister Mamata Banerjee had launched the financial hub project earlier this year and the state government has been lobbying hard to attract investments. However, the initial response was very lukewarm.

http://timesofindia.indiatimes.com/c...w/17672011.cms

[rupakd]

Originally Posted by AbhishekDatta

and now something different:



http://timesofindia.indiatimes.com/c...w/17672011.cms

The second phase of the project will be housed in an iconic 34-storied structure, which is likely to be the second tallest building in Kolkata after the 36-storied South City.

Very low quality reporting by TNN, by the time this building will be completed(if), neither South City will be the tallest nor this very building will be the second tallest building in the city.

[Suncity]

So is it 59 or is it 34?