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JSW commits Rs 10,000 crore investment in Bengal

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Source: The Economic Times
Wednesday, January 17, 2018

 KOLKATA: JSW Group will make fresh investments of Rs 10,000 crore in Bengal, Sajjan Jindal chairman of the steel, cement and power conglomerate announced on Tuesday. 


Speaking at the 4th Bengal Global Business Summit in the city, Jindal said the investment would be spread across the group's existing business segments- steel cement, power and its newly launched paints business. 

JSW Cement has started commercial production from its new 2.4 million tonne cement unit at Salboni which was inaugurated by the chief minister Mamata Banerjee on Monday. The group will expand it by another 1.2 mt in next six months, encouraged by a strong 9-10% demand for cement in the east. 

The mega business meet being held in the city between January 16-17, is being attended by a host of business luminaries and captains of industry. This includes global steel giant L N Mittal, Mukesh Ambani of Reliance Industries, Uday Kotak and Kishore Biyani of Future group. 

Mittal who also spoke at the meet said his family foundation, the L N Mittal Foundation,would like to join hands with the state government to work in social sector projects like healthcare. 
 
Recalling his early days as a student in the city's St Xavier's College now St Xavier's University, Mittal said Bengal 's transformative initiatives in social infrastructure and e-governance will help the state achieve new highs. "I hope to be able to contribute in some meaningful way," Mittal said. 


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