A total of 212 memoranda of understanding (MoUs) and letters of intent (LoIs) were signed across various sectors, underscoring the state’s potential as an investment destination, said Chief Minister Mamata Banerjee in her address during the concluding session of the eighth Bengal Global Business Summit (BGBS).
She announced that investment proposals worth Rs 4, 40,595 crore were received from various business houses, big and small, during the two-day event. This number is a significant from from last year’s Rs 3,76,000 crore, a fact also noted by Banerjee.
Banerjee hailed the fact that approximately 5,000 delegates, which included 25 ambassadors and 200 foreign delegates from 40 countries, including from 20 countries designated as partner countries, participated in the two-day business summit.
The highest investment proposals were brought by Reliance Industries. Mukesh Ambani announced on the opening day that his company has invested Rs 50,000 crore till now in Bengal and would invest another Rs 50,000 crore in the period till 2030. “Our investments in Bengal have increased 20 times,” he said.
ITC, RP-Sanjiv Goenka Group, Ambija Neotia Group, JSW Group and Emami Group also proposed big investments.
In her address, the chief minister announced a significant oil exploration project by the public-sector behemoth, ONGC in Ashoknagar in North 24-Parganas district, for which the state government gave “15 acres of land at Re 1 to ONGC”.
Yesterday, she announced that digging at Deocha Pachami in Birbhum district, the world’s second-largest coal block, holding about 2,170 million tonnes of reserves, would begin from today (which it did).
Over the last seven editions of BGBS, investments worth Rs 19 lakh crore have been made, of which work for Rs 13 lakh crore has rolled out, the chief minister said. The steadily rising investments in the state demonstrated the steady growth of the state’s economy and it becoming a leading investment destination in the country, she added.
In the last edition of BGBS in 2023, investment proposals valued at ₹3.76 lakh crore were received, demonstrating the steady growth of the state’s economy.
