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Article: India: Bengal seeks Rs 500 cr (US$105 Million) loans for land bank.
- Article from:
- TendersInfo
- Article date:
- July 10, 2009
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Byline: sanjayV03
The Buddhadeb Bhattacharjee government has approached several public and private sector banks, including State Bank of India, for a Rs 500-crore (US$105 Million) credit line for its proposed move to create a land bank for upcoming industrial projects in the state. The ruling Left Front government is keen to complete all land acquisitions for pending industrial ventures before the 2011 assembly elections.
West Bengal Industrial Development Corporation (WBIDC), the state s nodal agency for promoting industry, has kicked off talks with leading banks in the country for the credit line to partly fund the acquisition of 15,000 acres required ...