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Old February 9th, 2006, 04:46 PM   #61
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Eastward Ho! Capgemini to open office in Kolkata soon
http://www.indiaoutsourcewatch.com/d...asp?id=news205

World leading IT consulting and outsourcing service major Capgemini, which has cornered close to $590 million worth of IT outsourcing contract from General Motors' $7.5bn mega outsourcing deal is all set to open its ninth site in Kolkata as early as March this year. This was stated by Paul Spence, global CEO, Capgemini. It already has centres in Mumbai and Bangalore and has over 4,000 employees on its payroll.

Satyam, Bharti Tele to launch projects in Kolkata
http://www.thehindubusinessline.com/blnus/15061601.htm

Satyam will open a development centre here while Bharti Tele-Ventures has planned to set up a regional telecom hub for eastern and north-eastern cellular operations in the city, West Bengal IT Secretary G D Gautama told PTI here on Monday. Bharti is poised to kickstart their project on a three acre plot at Nonadanga on the eastern fringes of the city on February 8 while the software firm is likely to lay the foundation stone for its project later this month, he said.

Volvo buses for Kolkata Puri route
http://www.ibnlive.com/article.php?id=5086&section_id=3

Volvo buses have finally rolled into Kolkata. The company is all set to run inter-city buses between Kolkata and Puri in association with the Calcutta State Transport Corporation but will initially provide just two buses. The buses will ply between the two cities from February 15. The 12-hour air-conditioned ride is pegged at Rs 714 giving Shatabdi Express serious competition. Set to give trains a run for their money, the Volvo buses, connecting Kolkata with Puri will also connect the Kolkata with Ranchi, Benaras and Siliguri in a few months time.

Century Textiles plans cement plant in Bengal
http://www.business-standard.com/com...&autono=214643

With Kumar Mangalam Birla set to take charge of the Rs 2,500-crore Century Textiles & Industries, the company is planning to set up a cement grinding plant in north Bengal.

“We are setting up the factory in north Bengal. I feel there is a good market for cement in north Bengal as well as in the Northeast, which we shall tap,” said Century Textiles Chairman Basant Kumar Birla.


DA-IICT in Kalyani
http://www.ptinews.com/pti%5Cptisite...5?OpenDocument

ADAG chairman Anil Ambani would call upon West Bengal Chief Minister Buddhadev Bhattacharjee tomorrow to sign a MoU with the state government for setting up the Dhirubhai Ambani Institute of Information and Communication Technology (DA-IICT) here. Ambani would meet the chief minister at Writers' Buildings, the state secretariat, in the afternoon after which the MoU would be signed. DA-IICT, a deemed university, already has a campus at Gandhinagar in Gujarat, is considered as a launching pad for students pursuing specialised courses in IT and communications. ADAG plans to locate DA-IICT centre at Kalyani in West Bengal.

West Bengal to get India's largest sugar plant
http://www.newkerala.com/news2.php?a...llnews&id=4671

Kolkata: West Bengal will soon boast of India's single largest sugar manufacturing plant with Shree Renuka Sugars Ltd announcing Tuesday the unit would be commissioned at Haldia near here in March. The Rs.2.5-billion sugar refinery will produce 2,000 tonnes a day and form a strong manufacturing base for sugar in West Bengal and an export hub for the regional market, said Narendra Murkumbi managing director of Shree Renuka Sugars. "We selected Haldia (a port town near Kolkata) as the location on account of strategic benefits that it offers, being a port and well connected by rail," Murkumbi told a news conference.

Hindustan Construction gets Rs3.96bn dam contract in West Bengal
http://www.indiainfoline.com/news/news.asp?dat=75414

Hindustan Construction Company has bagged the contract awarded by National Hydroelectric Power Corporation (NHPC) worth Rs3.96bn for construction of the Teesta Low Dam hydroelectric power project in West Bengal. It was awarded the contract for construction of the Low Dam hydroelectric power project, Stage IV, over the River Teesta in West Bengal's Darjeeling district. The scope of work included construction of a 511m long concrete gravity dam along with spillway, roller compacted concrete (RCC) dam, intake structure, surface powerhouse, tail race channel, switch yard, diversion arrangement and other associated civil works.

SAIL to infuse Rs 8,017 crore to revive IISCO
http://www.hindu.com/thehindu/holnus...0602090365.htm

State-owned SAIL has embarked on a plan to invest Rs 8,017 crore for revival of the ailing Indian Iron and Steel Company (IISCO) as part of merger of the two PSUs, the West Bengal Assembly was informed on Wednesday.
Replying to a question in the House, Industrial Reconstruction Minister Nirupam Sen said the merger of the two PSUs was undertaken following an initiative by the state government. Allocation for the revival was sanctioned through SAIL's Corporate Plan 2005-2012. The merger of IISCO with SAIL would help the steel giant procure raw materials internally and this, in particular, would help its Burnpur plant for modernisation and capacity programmes.

Great Eastern Energy drills in West Bengal
http://www.sharecast.com/cgi-bin/sha...tory_id=610276

Great Eastern Energy, the India focused Coal Bed Methane group, started commercial drilling of CBM wells in West Bengal on 14 January, it said today.
The AIM-listed company said the first well has reached a depth of 203.75 metres and the surface casing to that depth has been set. The anticipated target depth is around 1,200 metres. Great Eastern has become the first company in India to commence commercial drilling of CBM wells in India, with the estimated investment outlay for the first 100 wells at 5.75bn Indian rupees, or £73m. Joint managing director Prashant Modi said, “We are delighted to have begun commercial drilling of the first CBM wells in an initial 100 well programme over a four-year period. We expect first gas sales from these wells to commence in Q1 2007.”
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Old February 10th, 2006, 03:19 AM   #62
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Haldia to have world`s largest PTA unit
Mitsubishi to set up 800,000t plant
http://www.business-standard.com/com...&autono=214732

Toyo Engineering India Limited (TEIL) has been awarded a contract to build the world's largest purified terephthalic acid (PTA) plant with capacity of 800,000 MTPA by MCC PTA India Pvt Ltd (MCPI) at the eastern coast seaport of Haldia in West Bengal. The total investment for this new project is expected to be around Rs 1,660 crore ($370 Million). MCPL was established by Mitsubishi Chemical Corporation of Japan, a Fortune 500 company, in 1997 in association with West Bengal Industrial Development Corporation (WBIDC) and five other reputed Japanese trading companies.
MCPI is already operating its existing PTA plant of capacity 470,000MTPA in Haldia since 2000.
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Old February 10th, 2006, 02:17 PM   #63
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Gail, IOC form Rs 300-cr gas JV
http://economictimes.indiatimes.com/...65,curpg-2.cms

Gas transmission major Gail (India) has decided to form a joint venture with the country’s largest oil marketing company, Indian Oil (IOC) for a Rs 300-crore city gas project in Kolkata.

The natural gas needed for this project is proposed to be sourced from coal bed methane in the Asansol- Jharia region. The available gas will be used to supply CNG for the transport sector and piped cooking gas for city households.

CNG may be supplied through retail outlets of existing players like IOC and IBP. The state government’s share is likely to be in the form of land for setting up CNG dispensing stations. Gail is also planning to invest around Rs 700-800 crore to construct a 200-km pipeline between Asansol and Kolkata to transport the CBM gas to the proposed JV between GAIL (India) and IOC for the city gas project. It would then need to be brought over to Kolkata through a pipeline to be constructed by Gail (India).

Bharti fixed line service in Kolkata by April
http://www.business-standard.com/ice...nu9&leftindx=9

Telecommunications conglomerate, Bharti will be launching fixed line in Kolkata by April, said Rajan Mittal, joint managing director, Bharti Enterprises.
To start with the company has set a target of 50,000 subscribers. The company was making Kolkata its hub for operations in the eastern region and the land was handed over to the company today. The company has been allotted land in Nonadanga in eastern Kolkata. Mittal said the decision to make the hub followed the increasing business potential of the region.
The company has till date invested Rs 980 crore in Kolkata in cellular operations which would be scaled up to Rs 1,900 crore this year. In the eastern region, investment would be increased from Rs 700 crore to Rs 1,800-1,900 crore this year. Mittal said, the hub would showcase technology across different areas of operations.

Anil Ambani Group signs MOU with Bengal Govt for IT University
http://www.newkerala.com/news2.php?a...llnews&id=7320

Anil Dhirubhai Ambani Enterprises(ADAE)chairman Anil Ambani today joined hands with the West Bengal government for setting up the Rs 100 crore "Dhirubhai Ambani Advanced Institute of Communication and Technology", opening a new window of opportunity for the country's burgeoning IT professionals. The proposed institute would be the first full-fledged private university in the eastern region. It would be set up on a 50 acre land at Kalyani, about 60 km from here, in Nadia district. When completed the Adavance study Centre would be the second such international institute after the one set up by the Group at Gandhinagar, Gujarat. The initial outlay of Rs 100 crores would be provided by the Reliance Group.

Speaking to newsmen after signing the agreement Mr Ambani,who assumed charge of Reliance Communication Ventures just two days ago, said, ''Work for this fast track project will begin soon and the entire project is targetted to be completed within the next 18 months so that the first academic session with about 3,000 students can be started from from July 2007.

Last edited by Suncity; February 10th, 2006 at 02:22 PM.
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Old February 11th, 2006, 02:49 AM   #64
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Ural India Planshttp://www.thehindubusinessline.com/...1102610300.htm

Ural India Ltd, a joint venture of the Kolkata-based Motijug Group, the West Bengal Government and Uralaz of Russia, will soon start assembling heavy-duty and high-capacity trucks, dump trucks and tippers at its manufacturing facility that is currently being set up at Haldia at a cumulative investment of Rs 550 crore.

The West Bengal Government holds 11 per cent of the equity stake in the joint venture company while the Indian and Russian partners each hold 44.5 per cent of the equity stake in Ural India Ltd. While, initially, the trucks made by Ural India Ltd would be imported from Russia in CKD (completely knocked down) versions, 100 per cent indigenisation would be achieved when the plant would operate at full capacity by 2009, Mr J.K. Saraff, Chairman of Ural India Ltd, told Business Line. At full capacity, the plant would be equipped to manufacture 40,000 units of heavy-duty trucks, dump trucks and tippers that would find applications in the army as well as sectors such as infrastructure, mining, road construction, etc. The vehicles would be fitted with diesel engines in the 240-330 horse power range. The West Bengal government has allotted 300 acres of land at Haldia where the plant is being set up. The company has requested the state government for an additional 200 acres of land for accommodating the test track.

Mr Saraff said Uralaz was Russia's largest automobile company with a presence in over 70 countries globally. Heavy-duty trucks manufactured by Uralaz are purchased regularly by the Indian Army, too. "The Indian army buys, on an average, 1,500 trucks every year from Uralaz and is among the single-largest buyer of Uralaz trucks in the world", Mr Saraff said, and added that Ural India would address the Indian Army's requirements in this regard.

According to him, Ural India has targeted sales of 7,000 truck units in the fiscal 2006-07. These trucks would be sold under the Ural brand name.
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Old February 11th, 2006, 02:55 AM   #65
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Graphite India raises capacity to 78,000t p.a.
http://www.business-standard.com/com...&autono=213888

Graphite India Limited completed expansion and commissioning of capacity at its graphite electrode plant at Durgapur in West Bengal from 14000 tonne to 34000 tonne at a capital expenditure of Rs 170 crore.

With this, the company became one of the top five companies in the world in the field of graphite electrodes with a combined capacity of 60,000 tonne in India and 18,000 tonne in Germany.


Siemens to acquire 50% stake in Flender
http://news.webindia123.com/news/sho...4&cat=Business

Siemens Ltd has received the board's approval to acquire 50 per cent stake in Flender Ltd with its manufacturing facility at Kharagpur (West Bengal). Siemens Ltd's managing director J Schubert told reporters here that Flender's unit in Kharagpur manufactures industrial gearboxes and related accessories.
The acquisition would strengthen Siemen's automation and drives division and expand its drive technology portfolio by adding gear systems, Mr Schubert said. The other 50 per cent stake held by Flender AG was globally acquired by Siemens AG in August 2005.
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Old February 13th, 2006, 09:12 PM   #66
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Videocon plans Rs 200 cr electronics unit at Siliguri

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The combined turnover of the group is more than Rs 11,000 crore. Videocon recently bought the colour television unit of Philips at Salt Lake in Kolkata.

Dhoot had earlier unveiled plans to invest Rs 300 crore in the state.

While the Rs 100 crore was proposed for the plant at Taratola in Kolkata for manufacturing desktop and laptop computers and special glass for television picture tubes, Rs 200 crore was proposed for the project at Salt Lake Electronics Complex.
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Old February 19th, 2006, 04:52 AM   #67
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Tata Steel bets big on Haldia coke plant
http://www.telegraphindia.com/106021...ry_5866743.asp

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Tata Steel plans to invest Rs 1,550 crore in a new coke oven plant at Haldia to meet its captive requirement. The company has procured 180 acres of land at the port town and hopes to start production by April 2007, Tata Steel deputy chairman T. Mukherjee said. The company has placed orders for most of the equipment. It would be using the Chinese technology to reduce the cost of production by Rs 1,000 a tonne. The company has signed a contract with Beijing Sino Steel Industry and Trade group to source technology from China. At present, Tata Steel will use the coke from this unit exclusively for steel making in Jamshedpur.
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Old February 22nd, 2006, 03:24 AM   #68
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Bengal gets another motorcycle plant
http://cities.expressindia.com/fulls...?newsid=170806

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Six days after Indonesia’s Salim group unveiled a project near Kolkata to make motorcycles, home-grown entrepreneur Santanu Ghosh of Amar PC fame detailed his plans for a similar project in collaboration with China’s Guangzhou Motor Co. The group had set up a company called Global Automobiles Pvt Ltd, which formed a joint venture with Guangzhou Motors in November 2005.The venture has located its factory near its PC motherboard manufacturing facility in Hooghly district.

Xenitis, better known for having created a brand in assembled personal computers, will roll out the Xoom motorcycle by this July from the Rs 300 crore plant. Ghosh said he aimed to sell 1.5 lakh motorcycles a year to achieve a turnover of $80 million or Rs 350 crore.
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Old February 22nd, 2006, 06:53 AM   #69
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The best part is that all this might lead Hoogly to emerge as an industrial area once more, after the jute sector collapse Would be a great revival if it happens!
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Old February 25th, 2006, 05:53 AM   #70
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Satyam logs on to city tech centre
http://www.telegraphindia.com/106022...ry_5893920.asp

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Satyam Computer Services Limited will set up a technology centre in phases that will have a staff strength of 2000. The company will also set up a business process outsourcing (BPO) arm soon. It will ramp up its headcount at the city centre to 10000 in the next few years. “We have taken a 2.77-acre plot, which would be developed in two phases — the first would involve 800 people. The company plans to employ 2000 people by 2008,” Satyam Computer managing director B. Rama Raju said at the foundation stone laying ceremony for the centre. The company would also be looking at more land after a year when its operations would be in full swing. “We are currently present in five cities in the country and Calcutta is the sixth. Going by the availability of trained manpower and infrastructure coupled with the state government’s co-operation, the Calcutta centre will emerge among the top three in the country,” Raju said.
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Old March 6th, 2006, 05:04 AM   #71
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US firm zeroes in on Bengal

Nice to know the following:
http://www.telegraphindia.com/106030...ry_5930216.asp

Quote:
CBF Manufacturing, a mid-size US engineering company, is planning to set up a speciality foundry-based manufacturing base in Bengal.

Rahul Sarkar, an Indian-American co-promoter, is currently camping in the city to work out the details to set up a foundry, forging and stamping unit.

Sarkar and his partner Paul McMahon also met the commerce and industry minister Nirupam Sen to discuss their project.

Indiana-based CBF Manufacturing specialises in component manufacture, procurement and supplies to heavy-duty automotive trailer manufacturers and transportation industry.

The company recently turned to India for procuring iron castings and forged items from its original sources in China.CBF placed orders worth $4 million with Indian foundries and forging units.
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Old April 25th, 2006, 11:25 AM   #72
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West Bengal realty

Boom or not, it is anyway moving in the forward direction. That counts!

http://in.rediff.com/money/2006/apr/25wb.htm

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The real estate boom in Kolkata and its suburbs is gradually extending to the rest of West Bengal. Modern townships with all the amenities and luxuries you can dream of are set to become a reality in the state's tier II cities.
The latest to get off the runway is Bengal Shrachi Housing Development, which has signed a deal with the Bardhaman Development Authority to develop a new township on 257 acres in Goda, adjoining Bardhaman city.

If the masterplan is any indication, besides the usual malls and multiplexes, it will have large water bodies - and condominiums, row houses, duplexes, mullti-storied apartment blocks and bungalows overlooking these water bodies.

On similar lines, Asansal Durgapur Development Authority has tied up with Bengal Shristi Infrastructure Development to develop the region, which comes under the Bardhaman district.

Durgapur City Centre, an urban plaza with commercial, retail, residential and entertainment amenities, is already functional, and construction has started on Shristinagar, an 88-acre township project (for which Sembcorp of Singapore is the engineering and management consultant).

Other than these two, Bengal Ambuja Housing Development has come up with two large-scale residential projects - Urvashi in Durgapur and Ulhas in Bardhaman - for which it has tied up with Bardhaman Zilla Parishad.

The company is also developing Uttorayan in Siliguri, which is a 400-acre development spread out over undulating landscape on both sides of National Highway 31.

Private sector developers are looking beyond Kolkata as industrial activity is picking up in these areas, and the government is helping development with its own projects.

There's a 48-acre Export Promotion Industrial Park coming up and a Software Technology Park in ADDA territory. There is an STP planned in Siliguri, and the BDA proposes to get private participation for an 11.5-acre IT park.

While government departments like ADDA and BDA are happy to get private sector funds and expertise for development, developers are happy to tap the new market opportunity that smaller cities present.
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Old May 5th, 2006, 07:33 PM   #73
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Praxair to build industrial gas plant
http://economictimes.indiatimes.com/...ow/1518018.cms
FRIDAY, MAY 05, 2006

Praxair India, industrial gas producer, has said it has bagged a contract from SAIL to build and operate an on-site industrial gas plant at its steel plant in Durgapur. The plant to be built at Durgapur would have a capacity of 700 metric tonnes per day to meet SAIL's gaseous oxygen requirements and would be commissioned by 2008, a company statement said here.

Chinese firm in deal to maintain India power plant
http://www.ndtvprofit.com/homepage/news.asp?id=247894

Chinese power equipment maker Dongfang Electric Co. has signed a long-term maintenance deal for a 600-megawatt thermal power unit it is building in West Bengal, officials said on Friday.

"We are glad they are handling it," Buddhadeb Bhattacharjee, the state's chief minister told Reuters. The plant is being built for the state-run West Bengal Power Development Corporation Ltd.

The first phase of the 25-billion-rupee project in Sagardighi, 240 km north of the state capital, Kolkata, will be commissioned by January 2007 and provide 300 MW of power, said state secretary Sunil Mitra.

The second phase should be completed three months later.

Dongfang has also bagged a contract for an 11.36 billion rupee power plant expansion project from Durgapur Projects Ltd. The plant, located in Durgapur, about 178 km north of Kolkata, is being expanded by 300 MW from 401 MW currently. Officials said state-run Power Finance Corporation and the Rural Electrification Corporation were funding the projects along with the West Bengal government.
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Old May 7th, 2006, 11:17 PM   #74
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Malls, Malls and Malls
http://www.myiris.com/newsCentre/new...secID=livenews

Pantaloons Retail (India) Ltd is expanding in the east, and it is the tier-II towns where most of the expansion will take place. Haldia will get its Big Bazaar by June-July this year, while the one in Barddhaman will open some time in September or October 2006. In the next two years, Big Bazaars will also reach Kharagpur and Siliguri.

The mall in Haldia will be spread over 40,000 square feet and will be located in a shopping complex on Durga Chowk, while in Bardhaman, it will be situated in the Dhiraj Promoters` retail-cum-entertainment project being built on Jailkhana More.

In Kharagpur and Siliguri, the Big Bazaars will be part of the malls being developed by Kshitij, the asset-management venture of Pantaloons.

A Big Bazaar has been operational at the Durgapur City Centre for over a year, and according to Agarwal, has been doing very well.

With footfalls of 3,000 on weekdays going up to 5,000 on weekends, a conversion rate of 60 per cent and average billing of around Rs 500, the Durgapur store compares quite favourably with the two stores in Kolkata with conversions of 55 per cent and average billing of Rs 625.

The company has plans to increase the presence of all its formats -- Pantaloons, Big Bazaar, Food Bazaar and other speciality formats to 40 or 50 stores in the region.

A number of these will be in and around Kolkata itself, a city where the company began its journey with the first Pantaloon store in Gariahat. Pantaloons will stamp its presence on all the new malls coming up all over the city, including the Riverside Mall, the South City Mall and the Calcutta Central mall, to name a few.
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Old May 31st, 2006, 04:17 PM   #75
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Infosys on Rajarhat recee

http://www.telegraphindia.com/106053...ry_6292149.asp

Quote:
Infosys, keen to set up a 100-acre campus in the city, surveyed a plot in Rajarhat today.

Two company representatives had a look at 750 acres owned by the West Bengal Industrial Development Corporation (WBIDC) about half an hour’s drive from the airport.

When the price of land in the city and on its outskirts is being perceived to be one of the main roadblocks to IT investment in the state, the WBIDC plot is expected to turn the tide favourably.

Government sources said the corporation is likely to be more flexible with the land rate than Hidco (the Housing Infrastructure Development Corporation), which has refused to go below Rs 2.16 crore an acre.
And so on... Let's hope something good comes out of it fast.
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Old May 31st, 2006, 04:24 PM   #76
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Buddha rolling

Tata, Mukesh, Airport, Buddha on a roll as says Indiatimes e-paper of today.
Quote:
Brand Buddha is on a roll. After the spectacular electoral success, industry top guns are queuing up with investment proposals. First the Tatas came calling with their Rs 1-lakh car project. Videocon followed. Then came the Jindals.
Now, it’s the turn of yet another giant — Reliance Industries. The Mukesh Ambani-controlled company proposes to set up a mega agro-products retail chain in Bengal, with facilities in every district.
Talking exclusively to TOI on Tuesday, an upbeat Buddhadeb Bhattacharjee disclosed that Mukesh would call on him next month to finalise the Rs 3,000-crore project. The chief minister hinted that the talks would also touch upon the group’s other plans in Bengal. Once the chain gets off the ground, it will employ about 40,000 young men and women. This, he added, will benefit the rural economy. For, the group will directly procure agricultural produce from farmers and set up logistics hubs at various places. City-based industrialist Harsh Neotia will be Reliance’s business partner in this venture.
The CM made it clear he would now go all out to rope in investors — both Indian and multinationals. He confirmed he had received an invite to visit the US just before the end of the Assembly polls to address an august gathering of 450 people, including top industrialists and academics.
“Politically, there’s no problem in my going to the US and I am ready to woo investors there. But I will decide on the dates only after my groundwork is ready and I establish enough contacts with American businessmen keen on investing here.”
Bhattacharjee said he had asked chief secretary Amit Kiran Deb and industry secretary Sabyasachi Sen — who are scheduled to visit the US for interactions with petrochemical majors early next month — to complete the groundwork needed for US investments in Bengal.
The state, he added, was looking for US investments in petrochemicals, IT, infrastructure and in building townships. Deb and Sen will be part of a delegation from four states where US majors are keen to set up chemical hubs. Bengal, he said, tops the list and experts from Indian Oil will accompany the officials this time.
Spelling out his strategy for wooing Chinese capital, the CM said he was in touch with the Chinese embassy and CII’s Shanghai office to draw up a list of majors looking for business prospects. “Besides, I have told CPM general secretary Prakash Karat to use his contacts in the Communist Party of China to send the message that Bengal is the place to put in funds.”
On the contentious issue of the upgrade of Kolkata airport, Bhattacharjee made it clear it had to be modernised without delay. “There’s no other way but to put it on a par with top-class international airports. This is the need of the hour and we’ve to do it under any circumstance. Our party says since Airports Authority of India has the requisite expertise and funds, it should be allowed to do the job.”

Second airport on CM radar


Kolkata: The second airport is very much on Buddhadeb Bhattacharjee’s radar. The chief minister has dropped broad hints that Delhi-based Consulting Engineering Services will be asked to conduct the feasibility study within a stipulated time so that construction of the second airport somewhere between Sagar and Kulpi — where two ports will be set up — could be taken up without delay. Considering the rapidly growing trade ties between east India and south-east Asian countries, the second airport is an immediate necessity, he said.
He added, however, that he had never written to civil aviation minister Praful Patel on the city airport’s modernisation as reported in a section of the press.
While he sounded confident of turning Bengal into an industrially prosperous state, he made it clear his government would work overtime to offer adequate land to investors.
“I promise it won’t be a problem,” the chief minister said. He said his Cabinet colleagues in charge of industry and land revenue had been asked to hold meetings with districts magistrates of both the 24-Parganas, Hooghly, Howrah and West Midnapore to identify land which may be handed over to major investors.
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Old June 1st, 2006, 09:15 PM   #77
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Dabur to invest more in Siliguri

http://www.telegraphindia.com/106060...ry_6295501.asp

Dabur Foods, a wholly-owned subsidiary of Dabur India, will invest Rs 100 crore over the next three years to modernise and expand capacity at its existing fruit processing and packaging plants in Nepal, Bengal and Jaipur. Close to 50 per cent of the funds will be invested in the Siliguri plant.

The fruit processing plant of Dabur Foods was set up in Siliguri in 2004 at an investment of Rs 25 crore. The Siliguri plant has exported goods worth Rs 15 crore in 2005-06. The Burmans are planning to ramp up exports from this facility to Rs 100 crore by 2010. The plant processes pineapple fruit pulp and concentrate, which have a huge demand in the global market.
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Old June 1st, 2006, 09:19 PM   #78
Suncity
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First inland port comes up in Bengal
http://cities.expressindia.com/fulls...?newsid=184441

The Rs 70-crore PDP group has set up an inland container depot in Durgapur, the first dry port in West Bengal, at a cost of Rs 20 crore, facilitating the single window clearance of all the required port formalities for import and export. It would be handling around 6 per cent of the total containers handled by the Kolkata Port Trust at its two dock systems in Kolkata and Haldia.

The dry port, Allied ICD Services Ltd, will be functioning as a joint venture company between PDP Group and the German company, Peter Rothman. The port is built on six acres which has been allotted by the Asansol & Durgapur Development Authority for Rs 70 lakh. For the Rs 20-crore project both the companies have funded a total of Rs 3 crore from their internal accruals, and the balance amount was provided by State Bank of India as loans.

The company has plans to expand the dry port on another nine acres at an additional investment of Rs 20 crore. AISL has a capacity of handling around 1200 containers or 2500 TEUs at a time which would ease the pressure of the Kolkata Dock System.

Pramod Srivastava, director of the company, said the dry port would start operation with ready container cargos from Philips Carbon Black and Graphite India. It expects to get electrodes, ferro chromes, scraps, refractories and plastic products as container cargos from industries in Durgapur and Asansol.

The region, he said, generates more than 4000 containers per month with goods worth around Rs 1000 crore. With the facilities of cargo transhipment and faster customs clearance, the ICD expects to draw cargos from North India. Allied ICD has the banking operations and electronic weigh bridge facilities within its premises. The company is expecting to handle goods worth around Rs 400-500 crore per month, Mr Srivastava said. He said PDP is exploring the possibility of laying a private railway track connecting Durgapur ICD with the ports in Haldia and Kolkata
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Old June 3rd, 2006, 02:37 AM   #79
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IT, ITeS exports from West Bengal rise 28 per cent
http://www.hindu.com/thehindu/holnus...0606022110.htm

Kolkata, June 2. (PTI): IT and ITeS exports from West Bengal have risen by 28 per cent during 2005-06 at Rs 2,800 crore, a senior Government official said today.

Meanwhile, a total of 13 companies were putting up 13.3 million square feet of built-up space in IT parks at Salt Lake and Rajarhat. This area would be available in the next 30 months, he said. Some of the major companies involved were DLF, Keppeland, Ascendas, Infinity Benchmark and Technopolis among others.
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Old June 3rd, 2006, 07:16 PM   #80
fred_the_cute_guy
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A thing I always wonder about. We do have a lot of service sector software companies and service sector IT companies in Kolkata, but where are the product companies? Any product company coming to Kolkata? Would love to see the base grow, for, without base (product), nothing (say, service) can float in the air! Would like to see the list of product compaies currently in Kolkata as well...
I think there are the following:
Interra Systems.
Alumnus Software.
Ixia (Network).
Wipro (I think) has a product division in Kolkata.
Dynamic Digital Technologies (branch out of Polaris).
LSI Logic.
What else?
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Last edited by fred_the_cute_guy; June 3rd, 2006 at 09:51 PM.
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