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Thursday, 9 February 2012

Keen to invest by 'Europe's auto hub' in state

European-cars-repairs
KOLKATA: Bavaria, the German state commonly called Europe's automobile hub, is keen to invest in Bengal's automobile sector.

After the exit of Tata Motors from Bengal in October 2008 this has assumed significance. A 27-member Bavarian parliamentary delegation met chief minister Mamata Banerjee and commerce and industries minister Partha Chatterjee on Wednesday. They had an hour's meeting with Chatterjee along with industry secretary Basudeb Banerjee and WBIDC MD Nandini Chakraborty.

The commerce and industries minister stated that the German state has expressed interest to invest in Bengal. Incidentally, Bavaria is the headquarters of automobile-makers BMW, Volkswagen and Audi. Other big companies like Siemens, Allianz, Munich Re, Continental, Adidas, Puma are based in Bavaria as well.

"They want to know what kind of investment Bavaria can make. We know that it is strong in automobiles, auto ancillaries and industrial clusters. We have sought their help in developing an auto industry here," he said.

Chatterjee said a Bavarian delegation has invited him to visit the German state. "If we get a formal invitation, we shall consider it. They can help us make logistic hubs along with auto-related industries," he added.

He pointed out that a Bavarian delegation has expressed interest in investing in biotech and solar energy, too. "We told them that Bengal has cheap and skilled manpower which they could utilize," he added.

WBIDC managing director Nandini Chakraborty later added that key members of the delegation have assured that they would talk to industries in Bavaria for investment in Bengal. "In fact, the Bavarian delegation was keen to discuss about industry and sought appointments for it," she added.Automobile News

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