The opening up of the Indian economy and the continual changes in the country’s economic and investment policies over the past one and a half decades have unleashed an unprecedented opportunity for growth of private & public investment and enterprise. The states have played a key role in scripting the Indian growth story. However, at the same time, the competition among different states has intensified as the country has progressively synchronized with the global market and has emerged as an investment destination. It is against this backdrop the nodal agencies of the different states’ which are responsible in promoting investment came to play a larger role.
West Bengal Industrial Development Corporation Ltd. (WBIDC) formed in 1967 under the Companies Act, is the premier nodal agency of West Bengal’s Commerce and Industries Department. WBIDC is responsible for conceptualizing, development, growth and facilitation of industry, investment and infrastructure in West Bengal. Over the years the corporation is actively engaged in catalyzing investment through promotion and marketing of West Bengal as an investment destination.
WBIDC provides support to industries through the four ways – Facilitation, Financing, Disbursing Incentives, and by Setting up Industrial Parks. WBIDC also makes regular interaction with various Chambers of Commerce at national and international level to promote different activities.
CAIPL is a subsidiary of Changi Airport International (CAI), Singapore. CAI is an investor and manager of airports worldwide and has formed CAIPL for investments in India. CAI has received more than 300 awards and its primary establishment, Changi Airport in Singapore, is considered the best airport in the world with an annual handling capacity of more than 70 million passengers. CAI pursues airport investment opportunities globally and through its consulting, operational management and investment activities, is involved in developing more than 45 airports.
PSIDL is a 74:26 Joint Venture between Pragati 47 Development Ltd and HUDCO. While Pragati 47 Development Ltd brings on board the experience of incubating and developing large infrastructure projects across West Bengal and other locations in India, HUDCO is an agency with a rich legacy of large Infrastructure and Housing projects.
Citystar Infrastructures Ltd is the flagship company of the Citystar Group, a reputed real estate developer in Kolkata headed by Mr. Ram R. Modi. Through its various companies, the group is engaged in developing various residential and commercial complexes and infrastructure projects.
IL&FS Airports Ltd is a wholly owned subsidiary of Infrastructure Leasing & Financial Services Ltd (IL&FS). Incorporated in 1987, IL&FS is a leading infrastructure and financial services institution in India. IL&FS enhances feasibility of infrastructure projects through formulation of robust commercial models co-opting public & private partnerships. IL&FS's interests include engineering services, maritime infrastructure, surface transportation, power generation, water and waste management, urban services, investment management and investment banking.
Incorporated on January 13, 1987, Lend Lease is one of the leading financial, corporate advisory services and activities related to the realty sector in Kolkata. The group, which is headed by Mr. Utsav Parekh — also the Promoter Chairman of SMIFS Capital Markets — is listed on the Bombay Stock Exchange.
Pragati 47 Development Ltd (formerly Pragati Growth & Development Ltd) is a real estate and infrastructure developer that incubates large projects. It acts as a bridge between real estate and infrastructure demands on one hand and resources and expertise lying dormant with the private sector, governments and international infrastructure agencies on the other hand. Pragati 47 taps into many sources of value in the process of infrastructure creation.
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