Bengal gets Rs 28,318-cr investment proposals in 2013-14

West Bengal had received investment proposals worth Rs 28,318 crore during the financial year 2013-14, state Finance minister Amit Mitra said today.
Informing the state Assembly, Mitra said total 156 proposals had been received worth Rs 28318 crore and have employment generation potential of 1.52 lakh people.
Between June 2011 and January 2014, 296 projects are either in initiation or under implementation that would entail a total investment of Rs 78,092 crore.
Mitra informed the House that this investment would result into an employment generation of 1.55 lakh people.
He said projects worth Rs 67,000 crore had been cleared but those got stuck in 14Y of Land Ceiling Act.

Taking a dig at the erstwhile Left Front government, Mitra said in 2007, 2008 and 2009 total MoUs were signed and out of which only four had been implemented.

The state Finance minister today said government has a core committee under Chief Minister, a task force with six departments, relationship managers to oversee fast and speedy clearance of projects.
He said Silpa Sathi is a single window system and common application form is used to minimise paperwork.
Appraising the Assembly, Mitra said growth of bank credit in West Bengal was highest among all states at 105 per cent.
"State IIP was at 9.9 per cent at the time when national IIP was in negative zone," Mitra said.

He also mentioned investment by Anil Ambani controlled Reliance Cement and Emami in the state.