Kolkata: Binani Group of Braj Binani, which has presence across India, East Africa, China, Indonesia and the UAE, has lined up around Rs 10,000crore investment in cement, power and infrastructure, including ports, in Bengal. The managing director of Binani Cement, Joey Ghosh, on Tuesday met finance and industry minister Amit Mitra to discuss the revised investment proposal. The state has already offered land to the group for its proposed ventures.
TOI was first to report on August 9 that the Rs 12,000crore group was planning to invest Rs 3,000 crore in the state. However, after meeting Mitra, the top brass of the cement-to-power-to-metal-to-infrastructure major has revised its investment proposal.
Binani group was incepted in Kolkata 150 years back and is planning to reconnect with the City of Joy with a series of investments. Ghosh told TOI that in next four months the group will prepare a detailed proposal and submit it to the state government. “West Bengal is a very attractive state for us. We see a very strong future for the state,” he added.
Ghosh pointed out that he is encouraged after meeting Mitra and decided to scale up investment proposal here. However, he did not wish to comment on any numbers. But a source close to development said that the total quantum would not be less than Rs 10,000 crore. For investment in infrastructure, the Braj Binani Group has already tied up with National Heavy Industry of China, one of leading infrastructure companies in China, for technical support. The company would go for fully integrated project in the state.
“The total direct employment our projects would be 10,000 while indirect employment will be many more,” he added. According to Ghosh, Binani group will be zeroing on Bengal projects. He indicated that the biggest investment will be in cement. It would look for an integrated cement plant with at least 3.5 million tonne capacity. “All the cement plant in the state are grinding plant. But we may go for clinker and grinding unit,” he added.
Such a plant attracts investment of over Rs 5,000 crore. Sources said that the group has identified some lime stone mines near Jharkhand-Chattisgarh border which can be transported to Bengal. “The state may offer them land in Raghunathpur Industrial Park where West Bengal Industrial Development Corporation (WBIDC) has land,” added the source. Raghunathpur is near Jharkhand border. In India, the group has a cement capacity of 6.5 million tonne which they want to double in the next few years. Globally, it has a cement capacity of 11.5 million tonne, which it wants to take to 25 million tonne.
Besides cement, it is planning 500 megawatt power plant as well. Debes Bhattacharya, the president of BIL Infratech, the infrastructure arm of the group, pointed out that discussion is on with NHI of China for the port project. “We also have expertise in convention centres, international sports centres, river front beautification, eco-friendly parks. Now, the state government here has undertaken a lot of development work. We want to be a part of that,” he added.
BIL Infra was the contractor for Alia University, seven super speciality hospitals and bridges in the Sunderbans.