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Posted on Nov 28, 11:11AM | UNI
Negating the common perception that no major industry was coming to West Bengal because of its alleged faulty industrial policy, the Bengaluru-based Construction Chemical major 'Ardex Endura India Limited'(AEIL) today joined hands with Bengal Aerotropolis Projects Limited (BAPL) for setting up a new plant near Durgapur, about 180 km from here, by next year.
Speaking to reporters after signing on the dotted lines at a function here today, EIL Managing Director Gopinath Krishnan and BAPL Chief Executive Officer Subrata Paul said a total amount of Rs ten crore would be invested by both the partners for commissioning the first phase of the new plant by the middle of next year on a three acre land.
'We also have a plan to go for a major expansion once more land was made available to us near our project site within the next two to three years,' said Mr Krishnan.
Subscribing to the fact that acquisition of a large chunk of land for industrial purpose, was indeed the greatest hurdle for setting up a big industry in West Bengal, Mr Krishnan, however, complimented BAPL for its all out efforts to help acquire the(three acre)land under a long term lease agreement with the state government.
Intervening, Mr Paul said currently BAPL possessed about 380 acres of land under its Sky-city project in the Durgapur-Asansol Industrial Zone, of which nearly 30 acres had already been handed over to two major manufacturing units, including a US-based mining company.
'We are also in talks with a number of Indian and global companies representing a diversified sectors like engineering, Information Technology, Food Processing and Agro industries, who had evinced keen interest in setting new units in West Bengal to cater to a vastly untapped market,' said Mr Paul but refused to give any further details.
Speaking about his future plans, Mr Krishnan said initially AEIL, a joint venture between the German Firm Ardex Group and the Rajan Raheja Enterprises with an annual turnover of over Rs 150 crore last year, would produce various chemical products for the engineering and aviation sectors in Eastern India from its Durgapur plant.
'After the proposed expansion we are also planning to go for a major diversification of products,' said Mr Krishnan but added the final blueprints of the new produces were yet to be decided.
Commenting on the availability of land for new industries elsewhere in the country, including Karnataka and Gujarat where AEIL had two more units, Mr Krishnan said acquisition of land for industry was not a problem related to Bengal only but a pan-India issue.