Despite demonetisation and a general dip in investors' sentiments, Bengal has secured investments to the tune of ₹235,300 crore, West Bengal Chief Minister, Mamata Banerjee, said today.
Speaking at one of the plenary sessions on the closing day of the Bengal Global Business Summit, Banerjee said the State has secured investments across sectors like urban development, manufacturing, MSME and transport.
"We secured investments - including foreign ones - to the tune of $36 billion," she said.
Chinese companies have expressed interest in a ₹27000 cr mass rail transit programme; while the State government-owned HIDCO has signed MoUs with Korean companies to develop "green city" projects.
"There will be other foreign investment proposal which we will announce ad they are finalises," she added.
In the previous two years, Bengal secured investment of ₹493,000 crore; 40 per cent of whose implementation are already underway. In the first year of the summit investments were to the tune of ₹ 242,000 crore and last yr it was ₹250,000 crore (approximately).
"Despite demonetisation, we have fared well in securing investments for the State," the Chief Minister said.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.