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After Mukesh Ambani, now Adani Group to invest in West Bengal

Announcing the company’s investments plans for the state, Pranav Adani said, “Currently our investments in West Bengal are Rs 750 crores and we expect to double the investment in next five years."

Written by Santanu Chowdhury | Kolkata | Published: January 17, 2018 3:32 pm
mamata banerjee, west bengal chief minister, west bengal business summit, bengal jobs, bengal employment, indian express (From left) Laxmi Mittal, Mamata Banerjee, Mukesh Ambani and Amit Mitra at Biswa Bangla Convention Centre in New Town on Tuesday. (Express Photo by Partha Paul)

Following in the footsteps of Mukesh Ambani’s Reliance Industries Limited, now Adani Group has decided to invest in Bengal. Speaking on the concluding day of Bengal Global Business Summit (BGBS), Pranav Adani MD, Adani Wilmar (part of the Adani Group), announced that it would invest RS 750 crore in West Bengal in various sectors such as port, power and agri sectors.

“We at the Adani Group run the largest network of ports in the nation. Given Bengal’s position as the gateway…. connecting South East Asia and North East India, we look forward to bring in our expertise to the state of West Bengal. We believe we can revolutionise the entire port scenario in the state and make it a massive driver to the economic growth. If given an opportunity, we would like to replicate our Mundra port that we have in Kutch in West Bengal,” Pranav Adani announced in the presence of chief minister Mamata Banerjee and other delegates at Biswa Bangla Convention Centre.

“The Adani Group also runs the largest private network of power plants and transmission circuits in the country. Our portfolio includes thermal as we as solar power plants. Given an opportunity we can further enable the energy scenario in the state by bringing to the forefront our renewable power and transmission expertise in addition to our thermal power generation capabilities. We also run the largest agriculture business in the country. West Bengals is already a critical part of this success. At this point we have already created over 4,500 direct and indirect jobs in West Bengal. This is an increase of over 50 per cent over last five years,” he added.

On Tuesday, Reliance Industries Limited chairman Mukesh Ambani announced that reliance will manufacture mobile phones and set top boxes in West Bengal and will invest additional Rs 5000 crore in non-Jio business across the state in next three years.

Announcing the company’s investments plans for the state, Pranav Adani said, “Currently our investments in West Bengal are Rs 750 crores and we expect to double the investment in next five years. Over past five years, we have also doubled up our capacity from 800 metric tonnes to 1600 metric tonnes per day, making our edible oil refinery in Haldia one of the largest in the country. We expect a further doubling of our capacity over the next five years. We currently distribute to over 36,000 retail outlets in West Bengal and expect this footprint to double in next five years.”

Adani added, “In addition to manufacturing and packaging, we are also planning to bring in our large expertise in agri-logistic and warehousing that is expected to directly benefit the farmers of West Bengal.”

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  1. Life Of Storm
    Jan 18, 2018 at 12:30 am
    Waste Bengal
    1. Life Of Storm
      Jan 18, 2018 at 12:29 am
      1. Gopal Sriniwasan
        Jan 17, 2018 at 9:15 pm
        Capitalists get the government they want and business policies are tailor-made to suit their interests. For all the noise Mamatha made about Singur, the foolish Women has realized that if she has to survive she needs the support of the big business house. She will get the votes from the poor by fooling them with false promises but it is the Capitalists who will determine who will run Bengal
        1. Vikram At
          Jan 17, 2018 at 5:09 pm
          khujliwal is protesting
          1. rakesh katyal
            Jan 17, 2018 at 4:55 pm
            Modi is sending his agents Adani and Ambani in name of investment. Didi will soon as regret as these two will build base for bjp.
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