Bengal braces for Rs.25k-cr Saudi investment
The Bengal government is pitching for $4 billion (Rs.25,000 crore) Saudi investment in multiple infra projects including port projects and oil refinery. In this connection, empowered officials of Saudi Aramco, the Saudi state-owned oil company, recently met chief minister Mamata Banerjee, said official sources claiming that the Bengal coast had figured as a potential site for one of two refineries that the company was planning to set up in India. The officials also wanted to create a port at Tajpur in East Midnapore for easy access to neighboring countries. Tajpur has easy access to Bangladesh, Myanmar and Sri Lanka. Maharashtra is its first choice in the west and the company has had detailed talks with the government. In the east, West Bengal has certain advantages as it is geographically well-placed and rich in natural resources, a senior official of Saudi Aramco, said.