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Last Updated : Jan 16, 2018 08:30 PM IST | Source: CNBC-TV18

Bengal Global Business Summit: Top businessmen predict a bright future for the state

"We have investment in almost every state but I have never seen this kind of passion and support in any other CM," Chairman and Managing Director of JSW Steel, Sajjan Jindal, said.

On the second day of the Bengal Global Business Summit, leading businessmen including Mukesh Ambani, Lakshmi Mittal, Sajjan Jindal and Uday Kotak expressed confidence that the state is on the path of economic growth.

While the ace businessmen spoke about the optimistic future of the state in terms of innovative technology, e-governance and rapid growth, they recapped their investment journey in the state over the past few years and expressed gratitude towards the West Bengal Chief Minister Mamata Banerjee for her support.

"We have investment in almost every state but I have never seen this kind of passion and support in any other CM," Chairman and Managing Director of JSW Steel, Sajjan Jindal, said.

Pointing at the company's investment of nearly Rs 15,000 crore in West Bengal over the past two year, Reliance Industries Chairman Mukesh Ambani said his company is committed to invest over Rs 5,000 crore in non-Jio businesses over the next three years.

Ambani also launched digital service centres in five districts of the state with immediate effect with an aim to bring government to citizen services within easy reach, particularly in rural areas.

"It will give birth to digital entrepreneurs, kickstart e-commerce, support agriculture and SMEs," Ambani said.

Jio will reach 100% every last village will be covered by 4G Jio tech. Jio is embarking on a project to connect West Bengal with optic fibre. Jio will connect every single eductional institution and single hospital and medical delivery facility in the next two years.

He was speaking at the two-day Bengal Global Business Summit. “RIL has invested around Rs 15,000 crore in West Bengal over two years,” he said.

Ambani said that Reliance Jio, which has nearly 1.2 crore loyal customers in Bengal alone, will reach 100 percent of West Bengal's population by December 2018. He also promised to connect every single educational institute and hospital in two years via Jio.

Talking about the credit-lending ratio in the state, Kotak, pointed out that the credit deposit ratio is significantly negative in West Bengal signalling that borrowings from financial institutions has increased.

"Bengal has said good bye to the slow growth rate of the past, it is now embracing the future with the grace and agility of the Bengal Tiger," Ambani said.

 
First Published on Jan 16, 2018 02:11 pm
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