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Bengal inks land lease pacts with seven firms

West Bengal,Business/Economy, Wed, 18 Apr 2012 IANS

Kolkata, April 18 (IANS) The West Bengal government Wednesday signed land lease pacts with seven companies which would set up their industrial units in the state, involving a total investment of more than Rs 52.8 billion.


The land lease deeds were inked between West Bengal Industrial Development Corporation (WBIDC), a premier agency of the state's Commerce and Industries Department, and the firms, including Prasoon Mukherjee-led Mahabharat Motors and Matix Group's flagship company Matix Fertilizers And Chemicals Ltd.


Matix Fertilizers And Chemicals Ltd would set up Rs.50 billion mega project at Panagarh industrial park in Burdwan district.


"After 16 long years, this will be the first time Bengal will have an urea making facility. I have had discussions with officials of the company and they have assured me the project will be completed by March, 2013," state Industry Minister and WBIDC chairman Partha Chatterjee said here.


"The facility can create 500 direct and 200 indirect jobs," Chatterjee claimed.


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