Business Daily from THE HINDU group of publications Friday, Nov 24, 2006 ePaper |
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Industry & Economy
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Foreign Direct Investment States - West Bengal UK Minister holds talks on investment in Bengal Our Bureau
Kolkata , Nov. 23 The UK has underlined its potential to invest in select sectors of the economy in West Bengal. These include the infrastructure and transportation sectors, ports, airports and manufacturing. The UK's Minister for Trade & Investment and Foreign Affairs, Mr Ian McCartney, on Thursday met the West Bengal Chief Minister, Mr Buddhadeb Bhattacharjee, and discussed the "potential for inward investment" in the State. Speaking to newspersons after his meeting with the Chief Minister, Mr McCartney said the meeting was "productive" and potential inward investments were discussed.
Select sectors
He said companies in the UK were keen to invest and offer their expertise in infrastructure projects, transportation, ports, airports and manufacturing. There was growing interest in the IT arena as well and companies like HSBC which has a large business process outsourcing facility here would continue to grow here. Mr McCartney said the second phase of investment in the State by the UK's Department for International Development would take off soon. He conveyed his condolences to the families of those killed in the recent violence in North Bengal and wished those injured a speedy recovery. Asked about his recent visit to Bangladesh, he said Britain had made it clear that it wanted the forthcoming elections in that country to be "free and transparent". For his meeting with Mr Bhattacharjee, Mr McCartney was accompanied by the British Deputy High Commissioner in Kolkata, Mr Simon Wilson, and senior officials of the UK's Ministry of Trade & Investment.
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