The Hindu Business Line : Haldia to host investors' meeting on Nov 10

THE Haldia Development Authority, in partnership with the Confederation of Indian Industry, Eastern Region (CII-ER) will hold a one-day investors' meet at the industrial township on November 10.

Around 50 big corporates are expected to participate in the meet that will showcase the potential of Haldia as an investment destination, with special focus on the chemicals and petrochemicals sectors.

Speaking to presspersons here, Mr Lakshman Seth, Chairman of Haldia Development Authority, said issues pertaining to industrial and allied infrastructure in Haldia were being addressed to augment the attractiveness of Haldia as an investment destination. Already, more than Rs 300 crore has been pumped in for augmentation of the infrastructure in Haldia. A further sum of around Rs 500 crore would be deployed within the next three years. The Haldia Development Authority was exploring various options, including floating bonds, for raising the funds required on this score.

Mr Seth said the road and railway infrastructure were being beefed up at Haldia even as a new bridge across the river Haldi had been planned for connectivity between Haldia and a proposed chemicals hub that was being set up. About 100 acres of land had been set aside for a unit of Software Technology Parks of India while a land bank with 1,500 acres had been created to meet the requirements of industry.

According to him, industrial investment in excess of Rs 15,000 crore has already been made and a further sum of Rs 10,000 crore was expected to be invested in the industrial township within the next five years. Investments to fund the expansion plans of Indian Oil Corporation Ltd and Haldia Petrochemicals Ltd, among others, were in the pipeline. The Bengal Ambuja Group has already acquired land for setting up a housing complex and shopping mall in Haldia.

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