German firms ready to invest in Bengalhttps://indianexpress.com/article/cities/kolkata/german-firms-ready-to-invest-in-bengal/

German firms ready to invest in Bengal

A delegation of representatives of 25 German companies will visit Kolkata in April to explore investment opportunities in the state.

A delegation of representatives of 25 German companies will visit Kolkata in April to explore investment opportunities in the state.

According to the Indo-German Chamber of Commerce (IGCC),the delegation will meet Chief Minister Buddhadeb Bhattacharjee during its two-day stay in the city.

The delegation will be led by Philipp Roesler,German Minister for Economics,Employment and Transport. Besides Kolkata,the delegation will visit Pune,Mumbai,and Chennai.

Companies dealing with solid waste management,water management,environment,air-pollution,minerals,engineering and electronics will be part of the delegation.

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“Besides exploring business opportunities and investment in the state,the companies will also seek a strategic business partner. The companies may procure certain raw materials from the state at a cheaper price than Germany,” said B G Roy,director,eastern region,Integrated Gasification Combined Cycle.

Roy said after the success of the solar plant in Haldia,a German company that deals with solar energy will seek to invest in solar-energy industries in the state.

The visit comes after a delegation of 65 investors,which came to the country in December last year,had refused to visit Kolkata citing the Tata pullout from Singur.

According to Roy,members in the delegation had said the state was yet to develop an investment-friendly atmosphere,a fact underscored by the pullout of an auto-major like Tata Motors from the state. The delegation had gone to Pune,Mumbai and Bangalore.