Financial Daily from THE HINDU group of publications
Monday, Nov 24, 2003
Financial Daily from THE HINDU group of publications Monday, Nov 24, 2003 |
|
|
|
|
|
Corporate
-
Announcements German co keen to tie up with WBIDC for coke oven plant Our Bureau
Kolkata , Nov. 23 DR Carl Otto Still, a German company, which has built several coke oven plants in India, is eager to partner the West Bengal Industrial Development Corporation (WBIDC) for setting up a two-million tonne capacity merchant coking plant at Haldia. The proposed project is estimated to entail an investment of Rs 2,000 crore. Stating this at a business seminar organised here, the Consul General of Germany, Mr Erhard Zander, said talks in this regard have already been initiated with WBIDC. He said the German company had agreed to be the "main promoter and co-ordinator" for the proposed project. Mr Zander complimented the State Government for its initiatives that are aimed at attracting investment. He cited the German experience in West Bengal with four "success stories". These include Siemens Telecom, Phoenix Yule, Epcos India Ltd and South Asia Petrochem. Mr George Sibley, Consul General of the US in Kolkata, described the State as "one of the most desirable investment destinations in India." He said the renaissance in West Bengal had begun and investors who come in now would have the advantage of lower costs and be able to pick up the best talent. Ambassadors, Consuls General and Trade Commissioners of countries such as Australia, Denmark, France, Finland, the UK, Russia and Japan, among others, also spoke of their experiences in West Bengal and their expectations of increased trade and further investment. Earlier, Mr Jairam Ramesh, economist & commentator, said West Bengal was the right gateway to not just eastern India but also to Myanmar and South-East Asian countries. The opening up of the trade route through the Nathula Pass would throw up new opportunities as well. Mr Ramesh said that while ground realities in West Bengal had changed, the State would now need to focus on image-building. In this context, he said the image of the Chief Minister, Mr Buddhadeb Bhattacharjee, was the "greatest asset" which West Bengal must capitalise on.
Article E-Mail :: Comment :: Syndication
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | Home |
Copyright © 2003, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|