Bengal gets Rs 28,318 cr investment proposals in 2013-14

PTI Kolkata | Updated on June 10, 2014 Published on June 10, 2014

West Bengal had received investment proposals worth Rs 28,318 crore during the financial year 2013-14, state Finance Minister Amit Mitra said today.

Informing the Assembly, Mitra said 156 proposals worth Rs 28,318 crore had been received and have employment generation potential of 1.52 lakh people.

Between June 2011 and January 2014, 296 projects are either in initiation or under implementation that would entail a total investment of Rs 78,092 crore.

Mitra informed the House that this investment would result into an employment generation of 1.55 lakh people.

He said projects worth Rs 67,000 crore had been cleared but those got stuck in 14Y of the Land Ceiling Act.

The state Finance Minister today said Government has a core committee under Chief Minister, a task force with six departments, relationship managers to oversee fast and speedy clearance of projects.

He said Silpa Sathi is a single window system and common application form is used to minimise paperwork.

Appraising the Assembly, Mitra said growth of bank credit in West Bengal was highest among all states at 105 per cent.

“State IIP was at 9.9 per cent at the time when national IIP was in negative zone,” Mitra said.

He also mentioned investment by Anil Ambani controlled Reliance Cement and Emami in the state.

Published on June 10, 2014
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