Bengal receives investment worth Rs 500 cr, will benefit over 1.5 lakh farmers
The West Bengal Cabinet today cleared biggest investment project for Vidyasagar Industrial Park in Kharagpur, where Biyani Group will invest Rs 500 crore.
More than 15,000 people will be employed in this food processing unit in the first phase.
Around 1.5 lakh farmers will be benefited by the Mega Food Park at Kharagpur and around 25 companies will be a part of this food park.
The state Cabinet met where several pending investment proposals were cleared.
Dr Amit Mitra, the Minister for Finance and Commerce and Industry, held a press conference after the meeting and informed the press about the projects that have been cleared.
The Gems and Jewellery Park in Ankurhati, Domjur has already received 32 applications from investors, out of which 5 have already been cleared, the Industry Minister said. 25,000 sq feet modules of land have already been allotted for the project.
The 32 applications would require another 1.25 lakh sq feet space in the said park. A new tower will be set up to meet the future demands.
The Food Parks in phase II and III have also received 14 investment applications.
Sugar and Spice has been allotted space in Food Park III at Sankrail and will provide employment to at least 500 people.
The Rishi Bankim Industrial Park in Naihati has received a proposal for animal feed.
Due to the two-and-a-half month long Lok Sabha elections and Model Code of Conduct, the administrative decisions were pending. This is the first time the Cabinet met after Model Code of Conduct lapsed.
(Posted on 22-05-2014)