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Home > News > Shapoorji Pallonji Group Plans To Invest 20k Crore In West Bengal

Shapoorji Pallonji group plans to invest 20k crore in West Bengal

Infrawindow News Bureau

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KOLKATA

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Aug. 02, 2012, 10:49 AM

 

Shapoorji  Pallonji group plans to invest 20k crore in West BengalShapoorji Pallonji Group chairman Shapoor Mistry who called on West Bengal chief minister Mamata Banerjee on Wednesday promised to invest over Rs 20,000 crore to spruce up the State’s shoddy infrastructure. The proposal came a day after cash-strapped Bengal got central clearance for a Rs 900-crore Asian Development Bank loan to revamp its rural roads.

 

Shappoor Mistry's trip gains importance as his family connections have triggered speculation about a possible solution to the Singur impasse. The visit could be a precursor to a possible out-of-court settlement between Tata Motors and the state government on the Nano compound that has remained deserted since the small car project was shifted to Sanand in Gujarat in 2008.

 

“I thank the chief minister for giving me an audience. We have come today to see various other avenues that could be of mutual benefit and interest to the government of Bengal and the SP Group. Some areas that we are looking at are a deep-sea port, hydro electricity, IT parks and construction of roads, among others,” Mistry said after the meeting.

 

 

Calcutta Port Trust was planning to build a deep-water port near Sagar Island. The project will be taken up on a public-private partnership basis. Universal Success and the SP Group are likely to bid for the slot of the private developer.

 

The group is building a mass housing project at Rajarhat for the economically weaker sections. It also has a 50-acre plot in the area, where it plans to build an IT park.




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