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Bengal Biz summit: Day 1 sees investment commitments worth

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Press Trust of India Kolkata
The third Bengal Global Business Summit witnessed several investment proposals flowing in on the first day from industrialists like Sanjeev Goenka, Pankaj Munjal, Rajan Mittal and Kishore Biyani, among others.

Chairman of R P Sanjeev Goenka group, Sanjeev Goenka, said his group planned to invest around Rs 10,000 crore in the state in the next few years in the FMCG sector.

"We will invest Rs 10,000 crore in coming years in FMCG segment, a new vertical for the group," Goenka said.

Purnendu Chatterjee of TCG, which has ownership control of Haldia Petrochemicals and MCC PTA India, said that his group would invest around Rs 1,000 crore in these two companies over a 16-month period, adding they were also looking for a foreign partner for a refinery.
 

Hero Motors Group CMD Pankaj Munjal said his group would set up a electric bicycle manufacturing unit in the state with a capacity of three million units per annum with export potential to Bangladesh, South Asia and Australia.

Kishore Biyani of Future Group said he would set up a state-of-the-art logistics hub at Burdwan, the only one after Nagpur.

Besides that, the group would set up an apparel manufacturing hub in the heart of Kolkata with an employment potential of 10,000 people.

Bharti Enterprises Vice-Chairman Rakesh Bharti Mittal said the group would be investing an amount of Rs 2,000 crore-Rs 3,000 crore over the next two years.

The group was also looking at creating women empowerment through Airtel Payments Bank in the state.

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First Published: Jan 20 2017 | 5:57 PM IST

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