Bengal Business Meet Secures Rs. 24,000 Crore Investments to Unfold Over 2 Years

Investments totaling Rs. 24,000 crore have been secured following the North Bengal business meet, according to an official from the West Bengal government. Chief Secretary H K Dwivedi revealed on Thursday that the proposed investments, spanning one to two years, have been received from various sectors, showcasing the diverse economic interest in the region.

Representatives from business organizations and trade bodies across eight districts in the northern part of West Bengal actively participated in the business meet. Dwivedi highlighted the state government's proactive role in encouraging and supporting investors, emphasizing notable industrial investments in North Bengal since the current government assumed power.

Discussions during the business meet also delved into the comprehensive development of North Bengal's infrastructure. The commitment to regional progress aligns with the state's broader strategy to attract investments and foster economic growth.

West Bengal Chief Minister Mamata Banerjee, during the 7th edition of the Bengal Global Business Summit (BGBS) held last month, emphasized the state's appeal as a "peaceful and harmonious state with a stable government" to woo investors. One of the notable responses came from Mukesh Ambani, Chairman and Managing Director of Reliance Industries, who announced a substantial investment of Rs 20,000 crore over the next three years.

Addressing the audience, Ambani pledged, “Today, from this podium, let me assure you that Reliance will leave no stone unturned to accelerate Bengal’s growth. Bengal has been one of the largest investment destinations for Reliance. After you invited me, Reliance has invested close to Rs 45,000 crore in West Bengal.” The fresh commitment includes investments in Jio (telecom), retail, and bio-energy, reflecting the company's confidence in Bengal's economic potential.

BS