Business Daily from THE HINDU group of publications
Wednesday, Jul 19, 2006
Business Daily from THE HINDU group of publications Wednesday, Jul 19, 2006 |
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Diversification Industry & Economy - Infrastructure States - West Bengal Videocon plans agri, bio-tech SEZ in Bengal Our Bureau
A multi-product special economic zone spread over 400 acres is being set up at Siliguri by the Videocon Group.
Kolkata , July 18 The West Bengal Government is in favour of implementing urban development and infrastructure projects on a public-private partnership (PPP) mode. A multi-product special economic zone (SEZ) spread over 400 acres is being set up at Siliguri by the Videocon Group. The Kolkata Metropolitan Development Authority (KMDA) has joined hands with the Merlin Group to build a stadium at Rajdanga, off the Eastern Metropolitan Bypass here, at an estimated investment of Rs 100 crore, Mr Asok Bhattacharya, West Bengal's Minister for Municipal Affairs & Urban Development, told members of the Merchants' Chamber of Commerce here today. Speaking on "Urban Development in Kolkata - New Dynamics", Mr Bhattacharya said the State Government had formulated uniform guidelines to ensure transparency in PPP projects. It was important to accelerate the process of urbanisation in a "spatially balanced manner" in view of the fact that the population in the Kolkata Metropolitan Area was expected to go up from 14.7 million now to 21 million by 2025. According to Mr Bhattacharya, about Rs 1,200 crore has been spent on various infrastructure and urban services projects in Kolkata. Besides, KMDA has lined up several urban development projects that would be implemented over the next seven years. He said the Centre had asked the State Government to take steps to repeal the Urban Land Ceiling Act before it releases funds for projects under the National Urban Renewal Mission. The State Government has formed a committee to look into issues in this regard. The committee is expected to submit its report within the next five-six months. "In the meantime, we have requested the Centre to release the funds so that work on various projects can continue," he said.
More Stories on : Diversification | Infrastructure | Bio-tech & Genetics | West Bengal
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