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Exide lauds West Bengal govt for ease of doing business

Press Trust of India  |  Haldia 

Industries Ltd today hailed the government for ease of doing business and said it was one of the key reasons behind the company's additional investment of Rs 550 crore for expansion in the state.

"Bengal showed the way through the five-year wage agreement, which we have been able to implement in all our plants from the earlier three-year wage agreement," MD and said at the foundation stone laying ceremony for two projects here.

After Suvendu Adhikary's intervention, the reluctant trade unions agreed to switch to the five-year wage agreement, he said.

Chatterjee said due to the state government's proactive role, the company promptly got the required land for expansion.

Industries today set in motion efforts to turn its Haldia unit into one of the biggest battery-making centers in South-East Asia, churning out everything from recycled lead to finished products.

Meanwhile, Adhikary, who is also the state's Transport and Environment Minister, said the government has a for companies who want to expand.

"After we came to power, we have been able to revoke the embargo in Haldia in 2013. Now, several companies are expanding here like Indian Oil, the and Chemicals," he said.

Meanwhile, Adhikary said the will be rolling out electric buses in phases, as part of its sustainability measures.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, August 07 2018. 21:25 IST