Global Bengal Business Summit: Got Rs 2.35-lakh cr investment proposals, says Mamata Banerjee

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She added China had shown interest in investing Rs 27,200 crore on a Mass Rapid Transit System (MRTS) in Kolkata. “China’s proposed mass rapid transit system will be futuristic in nature. It will be the first of its kind in India. There are only two other places which have a similar MRTS — Philadelphia in US and Beijing. The work will be executed by TEB Technology Development Limited,” Finance Minister Amit Mitra said.

Reiterating Bengal’s geographical advantage as not only the gateway to north eastern states, but also to South East Asia, Mamata said: “You will have access to Bangladesh, Bhutan, Nepal through us…. In the state, we have cheap work force, we have work culture, land bank. We have set up core groups in all sectors, and if you need anything facilitated, you can approach them.”

In the last two meets, Rs 4.93 lakh crore worth of proposals were received, out of which 40 per cent are under implementation. “This is commendable… Instead of touting figures like Rs 50 lakh crore or Rs 60 lakh crore, ultimate result is zero… This is enough for us,” Mamata said.

“For the first time, 29 foreign delegates participated… Bengal deserves business. Come to Bengal always,” Mamata urged investors. “Because of the misrule of the previous government, we are facing hardship. We will conquer the hardship,” she added.