West Bengal - Economy and Project Developments

[SSCaddict]

i think that this will be worst or equal to lalu's rule in Bihar. Industries will close and due to rising unemployment there will be law and order problem.

[AbhishekDatta]

IPCL's Haldia power plant to be commissioned by mid 2013
Shine Jacob / Kolkata Mar 26, 2012, 00:05 IST
India Power Corporation Ltd (IPCL), holding company of DPSC Ltd, expects its 450 mega watt (MW) Haldia plant to be commissioned by the third quarter of 2013.

“Through this plant and through special purpose vehicles, we have an overall investment plan of more than Rs 25,000 crore in the next five years. This includes the 450-mega watt thermal power plant at Haldia with an investment of Rs.2500 crore at Haldia. The plant is expected to be commissioned in mid 2013. While the DPSC’s 540MW greenfield unit at Raghunathpur will see an investment of Rs 3000 crore. More than this, we have signed MoUs with Bengal, Bihar, Gujarat and Madhya Pradesh to build more than 4,000MW of thermal power capacity,” said Anup Bhargava, who joined as managing director of IPCL recently.

DPSC came under IPCL fold after divestment by Andrew Yule in 2009-10. While the land for the first phase of Raghunathpur (1 X 270 MW) in Purulia has already been allotted by West Bengal Industrial Development Corporation (WBIDC), BTG order was given to Bharat Heavy Electricals Ltd (BHEL).
The Company will also be commissioning a 12 MW thermal power plant at Dishergarh (Asansol) at a cost of Rs 60 crore the end of this month. DPSC currently has a generation capacity of 42 MW thermal power from its plants at Chinakuri and Dishergarh in West Bengal.

http://www.business-standard.com/ind...d-2013/469003/

[AbhishekDatta]

Originally Posted by Suncity

Another project in the freezer? Fall out of tussle between Didi and Congress(I)?
Feb 2011:

Reclamation finds place in Mamata's lexicon

http://www.business-standard.com/ind...exicon/424772/



March 2012

WB: Land reclamation project for Sagar port scrapped

http://zeenews.india.com/news/west-b...ed_765909.html

State may take over Sagar port project from Kolkata Port Trust
Jayanta Gupta, TNN | Mar 26, 2012, 04.09AM IST

KOLKATA: So what if the Kulpi port has not seen the light of day, even 16 years after it was conceptualized? The Bengal government now wants to take over the project to build a deep-draughted port at Sagar Island from the Kolkata Port Trust (KoPT).

RITES has already carried out a study on the possibility of a port on the island. Initially, KoPT had planned a port facility on the island's western shore. Later, RITES was asked to explore the possibility of the port on the eastern bank which is closer to the mainland in South 24-Parganas.

"We have decided to hand over the project for the port at Sagar to the state government. The state government wants to take it over," said KoPT chairman M L Meena.

The concept of a deep-draughted port facility at Sagar first came up a couple of years ago when it was realized that the Haldia Dock Complex (HDC) will no longer be able to handle large vessels due to fall in draught in the Hooghly channel. The only option was to build a port facility outside the channel and Sagar - the largest island in estuarine Bay of Bengal - was a possible location.

With problems in acquiring land, it was decided to reclaim nearly 2,000 acres from the sea by building dykes with geotubes. As a pilot project, it was decided to construct a km-long dyke and start dumping dredging proceeds from Auckland into it. The port was to be built on the basis of a public-private partnership (PPP).

The project ran into trouble thereafter with KoPT not succeeding in convincing the ministry of shipping of the need for a deep-draughted port in the state. KoPT had sought Rs 50 crore from the ministry to construct the dyke as a pilot project. In February, 2012, the ministry of shipping wrote back to the port, asking it to use funds from the river regulatory project for the construction or use its own funds.

KoPT may not be in a position to release funds from its own kitty for the project at the moment. According to sources, the Centre has also cut subsidies for dredging and the port management may find it difficult to channelize funds from the river regulatory project. At the same time, a deep-draughted port is crucial for the state.

"The Kulpi project may not be feasible as it will also face the problem of inadequate draught. A port facility at Sagar will not have these problems. If the state assures land, promoters may be keen to invest in this venture," a port official said.

http://timesofindia.indiatimes.com/c...w/12408983.cms

[rupakd]

Priya Entertainments to come up with eco-tourism project in West Bengal by October 2012

Priya Entertainments Pvt Ltd (PEPL) will soon come up with an eco-tourism project in the Birbhum district of West Bengal. To be launched ahead of the Durga Puja vacation in October this year, this eco-tourism project will focus on adventure in the state. Arijit Dutta, Managing Director, PEPL informed that for the project they have bought a plot of around 130 bighas near Santiniketan, about 250 km away from Kolkata.

To be powered fully by solar energy, the resort will offer 40-45 luxury tent accommodation. However, there will be a limited number of low-cost accommodation facilities for students and nature club members. Being built at a cost of Rs nine crore, the resort will be offering barbecue cooked food, fishing, bonfire in wintry nights and local cultural festivities including tribal music performances, as per a PTI report. Minimising the chance to damage the environment, all organic waste generated from the project will be used as manure, and the farmland, spread over 45 bighas, will supply organic food to tourists. We are also studying the possibility of introducing gobar (cow dung) gas for cooking food, Datta said.

To provide the tourists with adventure sports, PEPL is buying four horses, which will run inside a small track specially built for the purpose, stated the report. The local tribal population will not be left out of the project, which also aims at community development. There are two small villages near the plot with a total population of around 100 people. We are training them now as we will employ all of them in various capacities. We will also ensure food and education for their children, Dutta added. The company is also planning another resort in Dooars in north Bengal, stated the report.

http://www.hospitalitybizindia.com/d...d=13027&sid=41

[Suncity]

Originally Posted by AbhishekDatta

State may take over Sagar port project from Kolkata Port Trust
Jayanta Gupta, TNN | Mar 26, 2012, 04.09AM IST

KOLKATA:
RITES has already carried out a study on the possibility of a port on the island. Initially, KoPT had planned a port facility on the island's western shore. Later, RITES was asked to explore the possibility of the port on the eastern bank which is closer to the mainland in South 24-Parganas.


With problems in acquiring land, it was decided to reclaim nearly 2,000 acres from the sea by building dykes with geotubes. KoPT may not be in a position to release funds from its own kitty for the project at the moment. According to sources, the Centre has also cut subsidies for dredging and the port management may find it difficult to channelize funds from the river regulatory project. At the same time, a deep-draughted port is crucial for the state.

"The Kulpi project may not be feasible as it will also face the problem of inadequate draught. A port facility at Sagar will not have these problems. If the state assures land, promoters may be keen to invest in this venture," a port official said.

http://timesofindia.indiatimes.com/c...w/12408983.cms

Not sure why the state will "assure" land if the whole hype is about reclaiming land.

Hopefully the state government will be very careful before it jumps into this project. Meanwhile RITES is getting 10 crores for the "feasabilty" study.

http://www.business-standard.com/ind...roject/469110/

The project was facing allegations after the then Railways minister Mamata Banerjee and minister of state for shipping Mukul Roy laid the foundation stone for the dyke for reclamation of land at Sagar Island and the railway line connecting it in February 2011, much before the feasibility study from RITES, which is yet to be out.

“The project reclamation planned was through geo-tubes technology with 800 metre wide receptacles, in which the receptacles will be filled with the dredged silt of the river thus further proposing to ensure effective dredging in the river Hooghly. But even an interim report from the RITES had said that the project is not feasible in the Western area where KoPT was planning it and they had suggested it to be done in the Eastern side of Sagar island, as ‘Jambu Dweep’ can act as a cyclone barrier there,” said a top KoPT official.

When contacted RITES about the interim report it declined to comment. “The final feasibility report is under process. We are expecting to submit it by the end of this month,” Arvind Kumar, head (ports), RITES, said. KoPT was spending about Rs 10 crore for the feasibility study only.

According to the content in interim report to which Business Standard got access to, the railway PSU said, “Western Side could be vulnerable because (i) the wind is very strong (ii) water is very choppy (iii) cyclone prone area and not Sheltered (iv) Bedford and Lohachara Islands on the Western Side could be a possible threat to Sagar Port because of land erosion meaning that Dredging will still have to be done involving hundreds of crores of rupees.”

The project was also in news due to a tender floated by the port officials for the pilot project in April 2011 for Rs 27 crore, even though the location of the port at Sagar was not yet finalised. Again in August, KoPT innovated fresh tender with a revised estimate of Rs 32 crore. According to sources, Mackintosh Burn Limited, Maccaferri Environmental Solutions, and Emaskiara, a Malaysia-based company, participated in the tender.

[AbhishekDatta]

Govt reworks land deal for 66 firms

A STAFF REPORTER

Calcutta, March 28: The West Bengal Industrial Development Corporation has drawn up a lease agreement to hand over 5,000 acres to 66 companies that include Jindal’s Salboni steel plant, TVS’s two-wheeler factory in Uluberia and a Matix fertiliser plant in Panagarh.

To set the industrial ball rolling, the WBIDC today signed new lease agreements with seven companies at a board meeting. The seven projects involve over 300 acres and a cumulative investment of about Rs 1,500 crore across sectors like cement, power, food park and auto components.

“At the board meet today, it was decided to have new lease agreements with entrepreneurs who have taken land at different industrial parks of the WBIDC,” sources told The Telegraph. The plots are in Raghunathpur, Panagarh, Kharagpur, Sankrail and Salboni, among others.

“We are ready with the lease deed for these 66 companies. Any one of them can come up to the WBIDC and sign from now. Many requested us to give some time since it is the year-end (financial year). We have set an internal target to complete all by April 15. As these land are with us, the companies would not have to take 14y clearance (allowance to hold land excess of ceiling),” industries minister Partha Chatterjee said.

But the new agreements come with changes.

Earlier, the WBIDC used to sub-lease the land to the industry. If the industry was not able to execute the project, the land would be returned to the original owners.

Under the new norms, if the companies are not able to complete their projects, the land would be handed over to the WBIDC, which could then allocate it to some other potential investors.

This could lead to less paperwork and lower the time required to process and hand over the land to the industry.

Also, the WBIDC will have the discretion to fix the timeline of the projects. Initially, a milestone period of three years has been fixed. If the concerned company is unable to complete the project within this time period, the land has to be handed back to WBIDC.

http://www.telegraphindia.com/112032...p#.T3PNPGE7Xko

[AbhishekDatta]

Land boost for sunrise industries
28 March 2012
Ceiling restrictions likely to be relaxed
anindita chowdhury

KOLKATA, 28 MARCH: The state government is going to introduce an amendment to the Land Reforms Act, 1955 in the ongoing session of the Assembly to prevent recurrence of scams like the one that occurred with Hindustan Motors, by barring use of land leased out to industries for any other purpose save industry.
The government's objective is to amend the Land Reforms Act in order to promote industrialisation and pave the way for sunrise industries while sticking to its political promise of stopping the diverting of industrial land for real estate purposes.
However, a decision on introducing the proposed Land Acquisition and Rehabilitation Bill is still pending.
The change of policy was cleared in a meeting of the Cabinet sub-committee on industry held on 16 March.
The sub-committee had decided to amend the Act in order to relax the land ceiling for sunrise industries, including information and communication technology, industrial parks, food parks, ship yards, biotechnology and mining but real estate was firmly kept out of this list on the chief minister’s insistence.
Under Clause 14 Y of the present Act, only mills, factories and workshops among industries, are allowed to keep land in excess of the legal ceiling, and with prior approval from the state government.
While amending Clause 14 Y of the present Land Reforms Act, the land and land reforms department has also decided to amend Clause 14 Z which allowed industries with large tracts of land leased under Estate Acquisition Act to auction the excess plots and use the funds generated for revival of the sick unit.
Incidentally, Clause 14 Z was used by the previous Left Front regime to allow Bata and Hindustan Motors to auction their excess land and use the funds raised for their revival.
However, in both cases, the private developer or the company in question did not abide by the conditions. Moreover, the excess land was utilised for real estate and it did not serve the purpose of industrialisation.
The proposed amendment is to add a condition which will require the companies to use the excess plots only for industrial use. “Earlier industrialists took advantage of these loose clauses to sell off the excess land belonging to the government for development as real estate. Hence we decided to tighten the screws and amend the relevant clause,” said an official.
The state government has also decided to give ryot status to wholly owned state government companies WBIDC and WBIIDC and development agencies such as HIDCO and KMDA to allow them to lease out land for industrial parks and housing projects to private developers who would then further lease out the land in small parcels to individuals. The L&LR department's opposition to this had created a legal tangle during the previous regime.

http://thestatesman.net/index.php?op...04730&catid=35

[Suncity]

Originally Posted by AbhishekDatta

Govt reworks land deal for 66 firms



http://www.telegraphindia.com/112032...p#.T3PNPGE7Xko

Here is the status of the matix factory as of Jan 2012:


Project Status as on Jan 31, 2012

http://www.matixgroup.com/project-status.html

Land - The required land is allocated by WBIDC and possession taken in Panagarh Industrial Park near Durgapur in West Bengal.

Approvals - All key statutory approvals are in place. The Department of Fertilisers, Government of India has recognized the project implementation for subsidy dispensation.

Environmental clearance - Received Environment Clearance as well as consent to establish Fertiliser complex.

Technology - Plant is using latest technology from KBR, USA for Ammonia and Saipem, Italy for Urea.

Engineering - Basic engineering complete. Detailed engineering at 90% model review stage.

Procurement - Procurement of all equipment and packages complete. Several equipment already arrived at Site and erection has started.

Construction - Construction almost 50% complete.

Feedstock - Executed Firm contract for supply of required CBM gas for 20 years.

Financing - Achieved financial closure and started drawdown by consortium for reputed banks led by IDBI.

Organisation - Highly experienced team from industry in place; further recruitment in progress as per schedule.

What does the "big agreements in pipeline and yet to be signed" mean?

If no agreement is in place for the land how is 50% construction work completed?

[AbhishekDatta]

reporters will always leave some parts for public guessing...

[soumyajyoti]

Originally Posted by Suncity

Here is the status of the matix factory as of Jan 2012:


Project Status as on Jan 31, 2012

http://www.matixgroup.com/project-status.html




What does the "big agreements in pipeline and yet to be signed" mean?

If no agreement is in place for the land how is 50% construction work completed?

What I understand is, if these companies have a fair idea that ultimately the Govt is going to allocate the land, they start work for the projects on phase basis. So the 50% completed construction activity might be for phase I and the land for the Phase II is yet to be allocated.

If you go to Durgapur by train, just before reaching Panagarh you can see the Matix factory, construction related activities seems to be going on at a fast space.

[Rajarshi77]

Originally Posted by soumyajyoti

What I understand is, if these companies have a fair idea that ultimately the Govt is going to allocate the land, they start work for the projects on phase basis. So the 50% completed construction activity might be for phase I and the land for the Phase II is yet to be allocated.

If you go to Durgapur by train, just before reaching Panagarh you can see the Matix factory, construction related activities seems to be going on at a fast space.

The Matix factory is coming up in Panagarh Industrial Park (More:http://www.wbidc.com/about_wb/panagarh_industrial.htm).

Lots of big names are associated with this fertiliser factory: Essar, UDHE, Mitsubishi, L&T, Linde etc. The required land is allocated by WBIDC and possession taken. The company shall source Cold Bed Mathane gas from Ranigunj and has executed Firm contract for supply of required CBM gas for 20 years with Essar. It has also tied up its project funding from a consortium of banks led by IDBI.

For project summary: http://www.chemicals-technology.com/...matrix-complex (name has been wrongly spelled in the article)

[Suncity]

Puja Mall, Kharagpur

photo copyright piyush9685



Uploaded with ImageShack.us

[NiladriG]

http://timesofindia.indiatimes.com//...w/12476779.cms

Mountains, forests, wildlife, sea beach, heritage... 'Beautiful Bengal' lacks nothing to be a tourism hub. All it needs is a bit of marketing and promotion, for which the government roped in none other than tinsel town superstar Shah Rukh Khan. The Bollywood Badshah is finally all set to shoot for the promos of the Beautiful Bengal campaign over the next eight weeks or so.

Though the state information and culture department, which is coordinating the campaign, is tightlipped about the details of the promotional video, it was learnt that it will be of 30 seconds' duration and have brilliant outdoor visuals and smart music and lyrics. Khan, who owns the IPL team Kolkata Knight Riders (KKR), will be here during the tournament that starts on April 4. That's when he is likely to shoot for the video as well.

Considering Khan's busy schedule, the shoot is being planned in such a way that it can be completed in a day. The promotion is being coordinated by state information and culture secretary Nandini Chakraborty. However , none less than chief minister Mamata Banerjee will finally approve of the campaign , which is said to be her pet project. Some officials in the state information and culture department feel that since Khan has his own films and entertainment company called Red Chillies Entertainment, it is possible that he might produce the campaign and dedicate it to the state as its brand ambassador - a role he had been offered by the chief minister when he was here for the Kolkata Film Festival and which he accepted later. Khan's representative in Mumbai, Karuna Badwal, said: "SRK is just back from London, in time for the IPL. We are yet to receive details about this (the shoot) from the Bengal government and are looking forward to hearing from them. We have sent our confirmation already regarding SRK's willingness to be brand ambassador of the state and I am sure things are being worked out at the Bengal government's end." The Beautiful Bengal campaign is already being compared to the Khushboo Gujarat Ki campaign - mainly because of the star power that's going behind both. However, an official at the state information and culture department felt that the the state's campaign should be rated higher than the Gujarat government's campaign that has superstar Amitabh Bachchan as the brand ambassador. "Bachchan has no direct link with Gujarat , but SRK owns the KKR and has associated himself with brand Bengal for at least four years now," he pointed out.

[NiladriG]

Looks nice, does it have a multiplex? Kharagpur needs more of these commercial outlets to become a satellite town of Kolkata.

[NiladriG]

http://www.thestatesman.net/index.ph...04892&catid=72

There is more to West Bengal than Rabindranath Tagore, Kolkata's British heritage, the Sunderbans and the Hazarduari palace.
For instance, the lush green golf courses tucked away in the folds of the great Himalayas in north Bengal.
“They are already well-developed. It just needs proper marketing,” the state tourism department's principal secretary, Mr Raghvendra Singh said.
Mr Singh said the well laid-out golf courses would be one of the 25 themes the state government would highlight in order to promote tourism in the state. Some of the themes will be based on geographical regions like Darjeeling hills while others will focus on subjects such as wildlife, heritage, Tagore, etc.
Highlighting the proud history, rich culture and glorious heritage of the state along with the geographical variety which it offers to tourists, an aggressive promotional blitzkrieg will be launched in the next couple of months. The state government has already roped in reigning Bollywood superstar Shahrukh Khan as its brand ambassador who will also be used to woo tourists.
“We are chalking out a plan on this which will be announced soon,” a source in the chief minister's office said without revealing further. Among other tourist themes will be the beaches of Digha and the nearby Mandarmoni, trekking in the wildlife-rich forests of the Dooars and Jalpaiguri in north Bengal, heritage journey in the towns of Murshidabad and Cooch Behar, river cruise to visit other tourist attractions in Kolkata and its outskirts.
The biggest area of concern, however, remains augmenting infrastructure, providing tourism-related amenities and ensuring the safety and security of travellers. For this, the officials said, the budgetary allocation of the department of tourism has been doubled from Rs 44 crore in the current financial year to Rs 90 crore in the next fiscal.
Chief minister Mamata Banerjee has already assigned tourism as a high-priority area. Besides constructing budget-hotels, log huts, cabins, etc in picturesque locales around the state for accommodation purposes, the tourism department is actively promoting the concept of homestays, where travellers pay locals to stay at their place.
Forest dwellers living in the small hamlets within reserve forest areas of Jalpaiguri and Darjeeling districts have joined hands to initiate community-based tourism and improve their socio-economic conditions. Officials said there are 220 forest villages in north Bengal, out of which 20 villages have been identified, considering idyllic locations.
Staying in the guest houses of forest villagers, tourists also get the opportunity to enjoy the local cuisine and observe their indigenous culture from close quarters.
The tourism department is also trying to launch helicopter services to connect Digha, Murshidabad, Sunderbans, Sagar Islands and Mayapur to Kolkata. To encourage private investment in developing tourism infrastructure, they are also drawing up a PPP .

[roy2010]

WB emerging as new
investment destination:
Pranab
IANS | 02-Apr 02:29 AM
Kolkata: Even as the gap between the
Congress and the Trinamool Congress has
been widening on various issues, union
Finance Minister and Congress stalwart
Pranab Mukherjee Sunday hailed West
Bengal Chief Minister and Trinamool
supremo Mamata Banerjee for
"responding" to aspirations and
expectations of the people.
He also said West Bengal, under
Banerjee's leadership, is emerging as a
new investment destination.
"Political choice exercised by the people
of Bengal in the last (assembly) elections
clearly indicates their expectations for
change and new aspirations. I am happy
that the new government, under the
leadership of Mamata Banerjee, is
responding to this new aspirations and
expectations of the people," Mukherjee
told the gathering at an Assocham
programme.
He also said the state was emerging as a
new investment destination.
"Recent developments suggest that West
Bengal is emerging as the new investment
destination which rekindles optimism
about the future of the state. As on
December 2011, the state has about 900
live investment projects worth Rs 6.11
lakh crore," he said.
Mukherjee's comment is significant in the
context of the prevailing relationship
between the Congress and Trinamool
Congress, both at the centre and in the
state, with tussle between the two parties
gaining momentum.
While the Trinamool has been a major
constituent of the Congress-led United
Progressive Alliance central government,
the Congress is also a constituent of the
Bengal government.
The gap between two parties had widened
on the issues like Teesta water sharing
dispute, FDI in retail and Lokayuktas in
states. Another tussle between the two
parties is imminent as Banerjee is going
ahead with the order, asking state-
sponsored and aided libraries to keep
select newspapers only.
The chief minister has further fuelled the
controversy by asserting that she may in
future even ask people to stop buying
certain newspapers "because a conspiracy
is going on against us".
Terming this move as "shocking" and
"most undemocratic", the state Congress
Sunday demanded immediate withdrawal
of the government order.
Praising the Mamata Banerjee-led
government, Mukherjee, however, said
with the change in the state government,
there was a significant scope to improve
policy environment to attract capital.
He said the state had got Rs 58,000 crore
new investment and was the clear
indication that the industrialists and
prospective investors were looking at the
state with both hope and expectations.
"The state attracted new investment
worth Rs 58,000 crore. Manufacturing
sector has got the major share - 36.5 per
cent of total live investment, this is
followed by electricity (29.4 per cent) and
service sector (18.9 per cent)," he added.

source: m.ibnlive.com/news/wb-emerging-as-new-investment-destination-pranab/244810-37.html

[roy2010]

encouraging .........

[Suncity]

Originally Posted by roy2010

WB emerging as new
investment destination:
Pranab

"The state attracted new investment
worth Rs 58,000 crore. Manufacturing
sector has got the major share - 36.5 per
cent of total live investment, this is
followed by electricity (29.4 per cent) and
service sector (18.9 per cent)," he added.[/B]

source: m.ibnlive.com/news/wb-emerging-as-new-investment-destination-pranab/244810-37.html

Is there a list of companies with amounts they have proposed?

The biggest one is of course the recycle "eco" branded project in Nayachar of Rs 26,000 crores.

What are the others?

In the budget speech, it was claimed that the quantum of investment was 80.000 crores. Looks like Pranab babu is not aware of the revised figure?

[soumyajyoti]

West Bengal government committed to set up industries in Purulia

West Bengal state assembly was told on Monday that the government was committed to set up heavy industries in the state's backward district Purulia and has already received many proposals.

Replying to a question, Industry Minister Mr Partha Chatterjee said proposals from Jai Balaji, Neo Metalics Ltd, SRMB, Srijan Ltd, Shyam Steel Industries and Adhunik Corporation were under consideration.

The ministry added that while Jai Balaji has proposed to invest INR 16,000 crore, the proposals from Adhunik and Shyam Steel stated of investment of INR 7,200 crore and INR 3,425 crore respectively.

The minter added that Proposals of these three companies, when implemented, would create direct employment of over 4,000 people, he said adding the government also received a detailed project report from Reliance for setting up a unit in the district.

Replying to a supplementary, Mr Chatterjee said the state government had no intention for forcible acquisition of land. Chief Minister Mamata Banerjee is scheduled to lay the foundation stone of an IT Hub in Purulia on April 12.

Source - PTI

(www.steelguru.com)

[Rajarshi77]

Originally Posted by soumyajyoti

West Bengal government committed to set up industries in Purulia

West Bengal state assembly was told on Monday that the government was committed to set up heavy industries in the state's backward district Purulia and has already received many proposals.

Replying to a question, Industry Minister Mr Partha Chatterjee said proposals from Jai Balaji, Neo Metalics Ltd, SRMB, Srijan Ltd, Shyam Steel Industries and Adhunik Corporation were under consideration.

The ministry added that while Jai Balaji has proposed to invest INR 16,000 crore, the proposals from Adhunik and Shyam Steel stated of investment of INR 7,200 crore and INR 3,425 crore respectively.

The minter added that Proposals of these three companies, when implemented, would create direct employment of over 4,000 people, he said adding the government also received a detailed project report from Reliance for setting up a unit in the district.

Replying to a supplementary, Mr Chatterjee said the state government had no intention for forcible acquisition of land. Chief Minister Mamata Banerjee is scheduled to lay the foundation stone of an IT Hub in Purulia on April 12.

Source - PTI

(www.steelguru.com)

All these are old projects announced atleast 2-3 years back. Nothing has moved. Earlier govt. used to say these projects will come up. Now the current govt. is beating the same drum.