Investment of Rs 31,000 cr in MSME nearing fruition: Amit Mitra

West Bengal Finance Minister Amit Mitra today said that offers worth Rs 31,000 crore in the state were nearing completion.

Speaking at the annual regional meeting of CII here, he said that the state was among the top in terms of MSME investments and a major job provider.

He said that an MoU had been signed between the West Bengal government and state-owned GAIL in a city gas project where the former would have 26 percent equity.

Informing the investing community, he said that West Bengal had the second largest deposit in coal at Deocha-Pachami in the country.

Mitra said that state plan expenditure had increased manifold since the Trinamool government assumed office as well as capital expenditure.

There is a 40 percent CAGR in physical infrastructure and 49 percent growth in state plan size, he said.