Haldia Petrochemicals outlines Rs.4,000 crore investment plan
May 30th, 2011 - 11:44 pm ICT by IANSKolkata, May 30 (IANS) Haldia Petrochemicals Ltd (HPL) has outlined an ambitious plan of investing Rs.4,000 crore within the next four years, its vice chairman Purnendu Chatterjee said Monday.
“Investment will also be made in setting up three separate poly-parks, each being of 100 acres,” Chatterjee, who is also chairman of The Chatterjee Group (TCG), told reporters here.
Getting land for the projects would not be a problem as the West Bengal Industrial Development Corporation (WBIDC) informed that the land had already been in possession.
“HPL is launching its solution marketing initiatives with a view to enhance its competitive position in the eastern region and to increase West Bengal’s competitive advantage in the areas of agriculture, pisciculture and other related fields,” he said.
Informing that since inception HPL had facilitated setting up of 763 processing units and employing over 85,000 direct and 1,55,000 indirect employees, Chatterjee said: “The capability can further be accelerated through the creation of poly parks.”
Expressing his keenness to end the long-drawn legal battle regarding the management of HPL by going for an out-of-court settlement with the new Trinamool Congress-led state government, Chatterjee said: “Of course, we were having problems with the earlier government. Now all I can say that things have started moving and the new government is at least taking some actions.”
He, however, said any such out-of-court settlement would come up only after the Supreme Court delivered its verdict.
“We have told that since we have waited for so many years, we should wait for a few more weeks,” he said.
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- 'Mamata government open to solving Haldia Petrochemicals' problems' - May 28, 2011
- Chatterjee Group plans Rs.4,000 crore investment in Bengal - Jul 06, 2011
- Bengal to seek legal opinion on Haldia verdict - Oct 29, 2011
- HPL's revival only after resolving shareholding dispute: Godrej - Nov 15, 2011
- Bengal minister becomes HPL chairman - Mar 27, 2012
- Chatterjee Group chief meet Mamata ahead of HPL board meet - Mar 26, 2012
- Haldia Petrochemicals on road to recovery: Official - Jun 15, 2011
- Mamata hosts dinner for industrialists - Oct 18, 2011
- Chatterjee Group to set up private bank in Bengal - Jul 07, 2011
- 'Bengal minister's appointment violative of Constitution' - Apr 18, 2012
- Bengal inks land lease pacts with seven firms - Apr 18, 2012
- 'Mixing politics, business detrimental for Bengal industry' - Aug 30, 2011
- India is the place where the world has to invest: Purnendu Chatterjee (Interview) - Mar 21, 2010
Tags: ambitious plan, areas of agriculture, chatterjee group, competitive advantage, court settlement, haldia petrochemicals ltd, hpl, inception, indirect employees, investment plan, keenness, marketing initiatives, pisciculture, processing units, purnendu chatterjee, solution marketing, tcg, trinamool congress, vice chairman, west bengal