Bengal to set up monitoring cell to track investments

| | Updated on: Jul 01, 2012

The West Bengal Commerce and Industries Minister, Mr Partha Chatterjee, on Sunday said the State Government was planning to form a monitoring cell to track investments.

“We will set up a monitoring cell to keep track of proposed investments in the State,” Mr Chatterjee told reporters on the sidelines of the inauguration of Kolkata-based Prayag Group’s packaged drinking water plant at Naihati, 40 km from Kolkata. He said the State had received investment proposals of nearly Rs 1 lakh crore over the last one year.

The State Government would create a map of land that can be used for industries in various districts, Mr Chatterjee added.

Prayag’s Investment

The company will be investing nearly Rs 300 crore over the next couple of years to develop the packaged water plant, ornamental fish and fresh water fish breeding unit and a luxury resort, Mr Basudeb Bagchi, Chairman, Prayag Group, said. Spread over 50 acres (150 bighas) of land, the unit has so far seen an investment of Rs 60 crore, he added.

Apart from the Rs 10-crore packaged water plant, the company has invested nearly Rs 5 crore till date to set up the ornamental fish hatchery, jointly with the Marin products Export Development Authority.

Published on March 12, 2018

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