ITC is willing to invest nearly Rs. 3,000 crore in West Bengal over the next four years, Y C Deveshwar, Chairman of ITC Ltd., said here on Tuesday. He, however, did not specify the areas in which his company was willing to invest.
The ITC chairman met West Bengal Chief Minister, Mamata Banerjee.
The company had said that it was keen on setting up a second hotel, and also invest in a food park.
To a question on land availability for ITC-Infotech, Mr. Deveshwar said that the matter was being looked into by the State Government.
Keywords: ITC, West Bengal, Y C Deveshwar
What Calcutta and West Bengal needs are Manufacturing Industries and more
specifically Engineering industries. It was the home of companies such as Metal Box.
GKW, Jessop etc and was known for the enormous talent in Mechanical/Engineering
industries. Jadavpur and other engineering colleges were rich sources for such
talents. Earlier it was all about Jute and Jute based industries. They provided not
just much employment but also a high calibre skills. The present Govt would do well
firstly ask what happened to these and what can be done to revive. One should not
ignore the fact that Two major Railway network terminates here and have very large
workshops and maintenance censers. Remember Hindustan Motors? IT services may
be an easy option, but it is not something that will expand or develop anciliaries and
multiple skills, that India would need in the years ahead. Do ask some old timers.
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