Economy & Market
Binani to invest Rs 10,000 cr in Bengal
Binani Group of Braj Binani, which has presence across India, East Africa, China, Indonesia and the UAE, has lined up an investment of around Rs 10,000 crore in cement, power and infrastructure, including ports, in Bengal. Managing Director of Binani Cement, Joey Ghosh, met West Bengal's Finance Minister Amit Mitra to discuss the revised investment proposal. The state has already offered land to the group for its proposed ventures.
For investment in infrastructure, the Braj Binani Group has already tied up with National Heavy Industry of China, a leading Chinese infrastructure company, for technical support. The company would go for a fully integrated project in the state. Besides cement, the group is planning a 500 MW power plant as well.