Gautam Adani said that over the next decade, he will invest over 10,000 crores in Bengal

Gautam Adani, chairman of the Adani Group, stated on Wednesday that his company’s investment in West Bengal will reach ten billion rupees over the next decade.

“The Adani Group’s investment in Bengal will include world-class port infrastructure, cutting-edge data centers, undersea cables connecting them across oceans, digital innovation centers, and enormous fulfillment centers, warehouses, and logistics parks.” Adani Wilmar Fortune, which is now a household name in the State, will continue to expand. Overall, we expect our overall investment in Bengal to exceed ten billion rupees over the next decade,” Mr. Adani remarked during the 6th Bengal Global Business Summit (BGBS) in Kolkata’s New Town. 

Adani said that investment will boost employment

Mr. Adani claims that the projected investment will generate 25,000 direct and indirect jobs for West Bengal residents.

The event, which was organized after a two-year hiatus due to the COVID-19 pandemic, drew business leaders, representatives, and diplomats from 19 countries, including Bangladesh’s Commerce Minister Tipu Munshi and Bhutan’s Minister of Economic Affairs Loknath Sharma.

Sajjan Jindal, chairman of the JSW Group, said the company’s energy division is seeking a 900 MW hydro-pump storage project, which it wants to receive through a nomination, as well as a world-class roll shop in Kolkata that will serve Indian steel factories. At the Bandhunala project in Purulia, the state government has opted to build a third pumped storage power plant.

“JSW Commission, a new cement plant near Salboni, is currently undergoing massive growth. To that end, I’d like to emphasize how easy and profitable it has been for us to start and manage a business here. Mr. Jindal stated, “We have not missed a single man-day operation at our factory owing to supply chain labor or utility concerns.” There were no man-days lost.

Mamata Banerjee also stated that the number of man-days lost in the state owing to strikes and interruptions had decreased to zero, citing this as one of her government’s greatest achievements. “We lost 75 lakh man-days every year during the Left Front’s leadership,” she told investors, “but now no man-days are lost.”

In terms of big industrial projects, the Chief Minister stated that the State government plans to establish a 72,000 crore industrial zone in Jangalmahal, the forested parts of south Bengal districts along the eastern freight route, and has prepared a policy on shale gas exploration permits. “We’ve set aside 2,483 acres of industrial property in Purulia for the project, which will run from Amritsar to Dankuni,” she said.

Ms. Banerjee also discussed Tajpur’s proposed deep-sea port and the Deocha Pachami project, which is billed as the world’s second-largest coal block.

While several industrialists speaking at the business summit’s inaugural event praised the state’s social sector initiatives, the CM said, “For the social sector, I have done everything I could,” and that “now my new destination is an industry,” adding that “the journey for industrialization has begun.”

“If you invest in Bengal, I can tell you one thing: I may have political issues with other parties.” However, we do not segregate people… It makes no difference if you’re from Gujarat, Maharashtra, Delhi, or Tamil Nadu. Ms. Banerjee stated, “When you are in Bengal, you are our family member.”

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