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Home arrow Engineering, Technology, Research and Development arrow Auto components park to come up in WB
Auto components park to come up in WB Print E-mail
Written by Arjun   
Wednesday, 17 October 2007
 Kolkata: A 500+ acre auto components manufacturing park is expected to come up near Guptamoni in West Midnapore district, West Bengal. This is the state's first such manufacturing park, said the State Commerce and Industries Minister, Nirupam Sen.

 "We are in talks with the developer of the auto park, Bengal Shristi Group, to finalise the details of the project," Sen said here yesterday. Bengal Shrishti will directly purchase the land and the government will interfere only if any problem arises. However it is too early to say when the project will be completed. The park likely to get an SEZ status, though no final decision has been taken on the issue.  Bengal Shrishti is in talks with some German companies that could set up manufacturing units in the park.

 A 16-member German delegation was in the city today to explore the business opportunities here. Kolkata is their first stop in the country. The delegation, members of Verband Deutscher Maschinen- und Anlagenbau - German Engineering Federation (VDMA), represented various sectors like machine tools, chemical industry and software.

 Sen said that the government of West Bengal would be providing incentives on a case-to-case basis. He said that the government offered concessions in fixed capital investment and VAT.

 The head of the delegation, Managing Director of VDMA’s trade wing, U Ackerman said that Germany is the most important machinery supplier to India. The exports from Germany to India had risen from 1.5 billion euros to 2.5 billion euros in 2006. "India is an emerging destination for German investment," he added. VDMA represents approximately 3,000 manufacturing companies.

 The growth of the manufacturing sector in the state last year was about 9.7 per cent. Sen said that it was the right time for German companies to invest in the state.
 
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