Kolkata, 6 February (H.S.): West Bengal Chief Minister Mamata Banerjee announced that West Bengal has secured investment proposals exceeding Rs 4.40 lakh crore during the recent Bengal Global Business Summit (BGBS), emphasizing the state's status as a prime destination for investors. In her address at the summit's conclusion on Thursday, she highlighted the signing of 212 memoranda of understanding and letters of intent across various sectors, which she believes will generate thousands of job opportunities in the state.
Banerjee noted the overwhelming response to BGBS 2025 as evidence of Bengal's growing economic potential. She pointed out that investments in the state have surged 20 times in less than a decade, with over Rs 50,000 crore already invested, leading to the creation of more than one lakh direct jobs.
During the summit, Mukesh Ambani, a prominent industrialist, expressed confidence in doubling investments in Bengal by the end of the decade. The event also featured significant announcements, such as ITC's plan to establish a global centre of excellence for artificial intelligence in Kolkata's New Town area. Additionally, JSW Group's chairman, Sajjan Jindal, committed to a Rs 16,000-crore investment for a 1,600 MW power project in Salboni, with plans to double capacity in the future.
The summit attracted leading industrialists, policymakers, and international delegates, further solidifying West Bengal's position as a key investment hub in eastern India.
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Hindusthan Samachar / Priyanka Pandey
