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India:Chemical three other industrial parks for WB – rise in Pvt sector investment expected |
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2004-11-4
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Anticipating private sector investment to reach Rs 3000crores West Bengal (WB) government has ambitious plans to set up five industrial parks for foundry, rubber, chemical, plastics and garments during 2004-5.
Chief Minister Buddhadeb Bhattacharjee announced this yesterday.
Speaking at the annual general meeting of the Howrah Chamber of Commerce & Industry, he said Ranihati and Uluberia of Howrah district would have a foundry and a garment park respectively.
Bhattacharjee added, “Total private capital inflow last year stood at about Rs 2300 crore. We expect the investment figure to go up to about Rs 3000 crore this year.”
However, the small scale sector would remain in focus as Government view of the huge employment potential in this sector, Bhattacharjee said.
In the new economy sector like IT, Buddhadeb said the state, despite being a late starter, has achieved about 120% growth in last two years as compared to the national growth rate of 35%.
Allaying fears of closure of existing foundry units in Howrah city area since the new foundry park was being set up, Buddhadeb said "We will implement the project in consultation with the local industry." |
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