The Shapoorji Pallonji Group, the single-largest shareholder in Tata Sons, holding company of most Tata Group companies, is planning to invest close to `10,000 crores in West Bengal.
The $2.5 billion group’s plans to invest in developing the state’s infrastructure is a major boost for the Mamata Banerjee government, which has identified infrastructure development as a priority area.
Shapoorji Pallonji Group chief Shapoor Pallonji Mistry called on Ms Banerjee at Writers’ Buildings here on Wednesday to discuss the group’s plans for the state, including a deep sea port, hydel power projects, IT hubs and road infrastructure.
“We have already invested over `1,000 crores in West Bengal. We have come to look into some more avenues to invest which will be mutually beneficial for us as well as the state. We are interested in setting up a deep sea port, hydro power project, IT parks and construction of road infrastructure,” Mr Mistry said afterwards.
The meeting was also attended by state commerce and industries minister Partha Chatterjee, finance minister Amit Mitra, chief secretary Samar Ghosh, Trinamul Congress MP Kunal Ghosh and USE (Universal Success Enterprises) founder Prasoon Mukherjee.
Mr Mistry also indicated, in response to a specific query, that Mr Mukherjee would partner the SP Group. He said: “Mr Mukherjee has been partnering with us in some infrastructure projects and may be involved in some others in future.”