On Tuesday, Reliance Industries Ltd. (RIL) Chairman Mukesh Ambani said his company would invest Rs. 5,000 crores in West Bengal. The investment will be made towards petrol and retail businesses. RIL has previously invested Rs. 15,000 crores in the telecom business in the State. Ambani spoke about the investment at the two day Bengal Global Business Summit in the State. He reported the investment would be made over the next three years. It will also promote the electronics industry by manufacturing mobile phones and even set up top boxes.
On Tuesday, multiple corporate houses pledged big investment proposals for West Bengal. The beginning of the Bengal Global Business Summit calculated an estimated Rs. 17,000 crores worth of investments from top businesses. The Chief of the JSW Group Sajjan Jindal offered Rs. 10,000 crores to set up paint and specialty steel making units in West Bengal. The company has inaugurated a cement plant in the State’s Midnapore district costing Rs. 800 crores.
RPG Group Chairman Sanjiv Goenka announced an investment plan of Rs. 1,000 crores for the State. Adventz Group also initiated to invest in West Bengal. Chief Minister Mamata Banerjee vowed that its people plan to dedicate their hearts to Indian and foreign industrialists if the companies invested capital in her State. As CM Banerjee inaugurated the business summit she assured the industrialist that there was “no pressure, discrimination or intimidation” from the State and also stated Bengal only has love and affection for them.
She was quoted saying, “We love India and unity of India. We love tolerance.You must invest in Bengal. The state is attracting businesses from all over the world like never before. There is no pressure, discrimination, intimidation… only love, affection and attraction is here.” Banerjee also assured that her Government would not spare anyone including her party men if they created any problems for the industrialists and investors.
