December 11, 2008

Kolkata foundry park to attract Rs 25,000 cr investment

Kolkata: December 08, 2008-The foundry park in Kolkata is expected to attract Rs 25,000 crore investment in five years from completion.Tapash Chatterjee, chief executive officer-cum-secretary, Foundry Cluster Development Association, a special purpose vehicle for the foundry park in West Bengal, said 126 members had evinced interest in the project.

The park, spread over 926 acre, can accommodate 150 units. In the first phase, 270 acres will be required. The tendering process for infrastructure in the park is on. The first phase of the project is expected to be complete in the next 12 months. The park, once completed, will employ 30,000 people.

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