Tuesday, November 4, 2008

Land of West Bengal waiting big Gaint Arcelor Mittal

After a controversial chapter of TATA NANO with West Bengal now world's largest steel producer ArcelorMittal has approached West Bengal government for land at Rajarhat in the state, as it wants to set up an office there.

Mr. L N Mittal, Owner of big Gaint, is very interested to setup a central office in Rajarhat near the city, for which the has sought land from the state government.

Before this, telecom giant Airtel and ICICI Bank had also approached the government for land at Rajarhat. Mittal was in the process of setting up greenfield plants in Orissa and Jharkhand.

Rate of land per acre at Rajarhat was risen day by day and right now it is Rs seven crore. Housing was a major problem in the state and that the government was taking steps to set up satellite townships at Dankuni, Domjur and Baruipur.

Bhattacharjee said since the government alone would not be able to provide housing for all, the PPP (public-private partnership) model was an ideal alternative.

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