The Hindu Business Line : Rs 41,200-cr projects get nod in Bengal

Kolkata, Aug. 22 The West Bengal Cabinet today met and cleared investment proposals worth Rs 41,000 crore received from four industrial groups. A total of 11,350 acres would be required in three districts – Purulia, Bardhaman and North 24 Parganas – for setting up the proposed projects.

The proposals cleared by the State Cabinet today include Adhunik Steel’s proposal to invest Rs 6,400 crore on setting up a 11-lt per annum steel plant and a 10 lt per annum capacity cement plant in Raghunathpur Block II in Purulia district. A power plant is also proposed to be set up there even as the total land required for the entire project is 2,400 acres.

The Jai Balaji group has proposed to invest Rs 1,600 crore in Raghunathpur Block I of Purulia district for setting up a 50 lt per annum steel plant and a 30 lt per annum cement plant. The total land required has been pegged at 3,800 acres.

Bhushan Steel has proposed to invest Rs 8,400 crore on steel and power projects that are proposed to be set up in Bardhaman district. The company has also proposed to set up a cold rolled steel manufacturing unit in North 24 Parganas district.

The Abhijt group’s proposal to set up a 20 lt per annum capacity steel and power unit at Bardhaman district an investment of Rs 10,800 crore has also been cleared. The land required for the project has been pegged at 2,500 acres.

Speaking to newspersons later, the West Bengal Chief Minister, Mr Buddhadeb Bhattacharjee, said an all-party meeting has been convened on September 3, to discuss the proposal and likely location of a chemical hub that is proposed to be set up in the State. He said the Centre had cleared the setting up of a deep sea port in the Bay of Bengal. He also informed that he would take up the issue of modernisation of Kolkata airport with the Union Civil Aviation Minister, Mr Praful Patel, during the latter’s visit to the city in early September.

Mr Bhattacharjee skipped the CPI (M) party’s central committee in New Delhi today to be present here when the State Cabinet discussed and cleared the investment proposals.

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