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Are things looking up for IT, FDI in Bengal?

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Express news service

Posted: Mar 18, 2008 at 0224 hrs IST

Kolkata, March 17 In 2007, the IT sector sustained a steady growth of 48 per cent against the national growth rate of 30 per cent. At present, 250 IT and IT enabled service (ITeS) companies are operating in Kolkata, employing about 45,000 professionals.

During 2006-07, a total amount of RS 806.88 crore was invested in the IT sector. Owing to the inflow of investment in the IT sector, the government has taken initiatives to set up IT and ITeS SeZs in the state. The developers, who have obtained formal approval from the Centre for developing SEZs are as follows:
* M L Dalmiya and Co ltd, Kolkata: 48 acres
* DLF group, Rajarhat: 10.12 acres
* Riverbank Holdings Pvt Ltd (Bata india), Batanagar: 10 acres
* Enfield Exports Ltd Panagarh Bazar, Burdwan: 26 acres
* Shapoorji Pallonji and Co Ltd, Rajarhat: 20 acres
* Asian Gateway Ltd, Rajarhat: 160 acres
* Oval Developers, South 24 Parganas: 12.14 acresApart from these, some firms have received in-principle approval for developing SEZs at Hooghly and North 24 Parganas. They are:
* Xenitis Infotech Private Ltd
* Parasmani Infrabuild Private Limited
* Enfield infrastucture Limited
* Videocon Realty and Infrastructure Limited

Between 1991 and 2005, West Bengal received 701 FDI approvals including 499 financial approvals. The major chunk of FDI investment in the state includes sectors the power and oil refinery, telecommunication, chemical industry and service and metallurgy. In 2006-07, the infrastructure sector has received the major portion of FDI. At present, West Bengal contributes to about 7.23 per cent of the total FDI in the country.

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