Drawing an investment of Rs 3,000 crore, "Samriddhi- City of Analytics' would come up in about three years on 52 acres, offered by the state government to develop this city, state Urban Development Principal Secretary Debashis Sen said.
This is one of the six modern city projects cleared by the state cabinet earlier this month.
After inspecting the project site today, Sen said, "The city can be expanded to 250 acres if it gets enough response. In that case the projct would draw an investment of about Rs 6,000 crore and take about six years to complete."
Later, the BCC&I passed this idea to the state government, which immediately accepted it and decided to give it a shape, BCC&I president designate Ambarish Dasgupta said.
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City planner Dulal Mukherjee prepared a detailed plan layout of the project.
Sen said the state government would soon come out with an advertisement welcoming Request For Information (RFI) from those who will participate in the tender process.
After finalising this process, the state government will proceed for bidding of land through e-auction, Sen said.
Speaking on the occasion, Technical Education and Training Minister Ujjal Biswas said the project could leverage the advantage of intellectual manpower coming from the state's premier higher education institutions like IIT, ISI, IIEST, JU and IIM.
Immediate past President of the BCC&I Kallol Dutta described the proposed project as 'niche city' which would mean promoting a select skill-set like analytics, just as Silicon Valley in the USA is known to be the home of technology companies and start-ups.