October 14, 2008

West Bengal to get its first auto components park

It is reported that West Bengal government plans to set up its first auto components manufacturing park spread over 500 acres near Guptamoni in West Midnapore district.

Mr Nirupam Sen commerce and industry minister of West Bengal said that the state government is in talks with the developer, the Bengal Shristi Group, to finalize the details of the project. Mr Sen pointed out that his government provided incentives, including concessions in fixed capital investment and VAT. There could even be further incentives on a case to case basis.

Bengal Shrishti is in talks with some German companies that are interested in setting up manufacturing units in the park, which is likely to get SEZ status, though no final decision has been taken on the issue. Incidentally, a 16 member German delegation comprising members of the German engineering federation Verband Deutscher Maschinen und Anlagenbau was in Kolkata to explore business opportunities.