Binani rejigs Bengal plan, to invest Rs 10,000 crore – Feedback

Binani Group of Braj Binani, which has presence across India, East Africa, China, Indonesia and the UAE, has lined up around Rs 10,000 crore investment in cement, power and infrastructure, including ports, in Bengal. The managing director of Binani Cement, Joey Ghosh, on Tuesday met finance and industry minister Amit Mitra to discuss the revised investment proposal. The state has already offered land to the group for its proposed ventures.

Binani group was incepted in Kolkata 150 years back and is planning to reconnect with the City of Joy with a series of investments. Ghosh told TOI that in next four months the group will prepare a detailed proposal and submit it to the state government. “West Bengal is a very attractive state for us. We see a very strong future for the state,” he added. Ghosh pointed out that he is encouraged after meeting Mitra and decided to scale up investment proposal here. However, he did not wish to comment on any numbers. But a source close to development said that the total quantum would not be less than Rs 10,000 crore.

http://economictimes.indiatimes.com/industry/indl-goods/svs/cement/binani-rejigs-bengal-plan-to-invest-rs-10000-crore/articleshow/53736776.cms

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