The foundry park in West Bengal will attract investment of Rs 2,500 crore on completion, said Tapash Chatterjee, chief executive officer cum secretary, Foundry Cluster Development Association, an SPV for the foundry park project.
The tendering process for the infrastructure development is currently on. The first phase of 270 acres of the total 926 acre foundry park would be completed in 12 months’ time.
Chatterjee said, of the total requirement 602 acres had been acquired. The foundry park is a five-year project and can accommodate 150 units.
He was speaking on the sidelines of the Indian Foundry Association (IFA) annual general meeting. Chatterjee said, around 126 units had made bookings for the project. The employment generation in the project would 30,000 (direct) and one lakh (indirect) once completed. Earlier, addressing the annual general meeting, Pawan Sureka, chairman of the association said, master plan was the first phase was ready and the infrastructure work should start by January 2009.
“We tried to finalise the tender work in July-September this year but the quotations we received were such that was such that was not suiting to our budget as we have preferred to invite fresh bids. A bull charged economy was responsible for that situation though.
Now that the economy is on the downturn, we are sure this time rates would definitely come in accordance within the expectations of the budget allocations,” said Sureka. The bids were being invited for the infrastructure work like roads, sewerage, drainage, water distribution, among others.
