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NEWS NOTES
Cold Rolling Mill at Dankuni

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Staff Reporter

Whenever reference is being made of project wise industrialisation in West Bengal, the Cold Rolling Mill at Dankuni built by Bhushan Steel Industries deserves special mention. It took nearly two years to decide the appropriate place between Uluberia and Haldia for setting up the mill. While the talks with the State Government regarding the incentives were on, a decission was taken to initiate this project works. But a second thought was given to it in the perspective of the internal market associated with the fortune of this project Henceforth this project worth Rs.300 Crores was planned to be set up at Dankuni and then the work on this project has proceeded at a speedy rate. It is highly commendable that Bhushan Industries, the largest North Indian investor’s group in West Bengal, Rao made such an investment inspile of being aware of the competition that it is has to enter into with TISCO. This endeavour to set up the Cold Rolling Mill testifies to the fact that after due withdrawal of Freight to a certain extent and a revolutionary change in the power sector of the state, West Bengal has once again as competitive in the field at metal industries after a long period of time.

The possibility of success that exists in the case of Iron & Steel industries of West Bengal has not yet fully materialised although Tata Metallic, Kajaria Iron Castings and Electro Steel Casting have invest in the mini blast furnace for the production of pigeon. The reawakening of this industry in the last three years has been of the power sector has led to investment in the mini steel plants. At present Vetoray Corporation at Falta development centre, Tata Metallics (with foreign collaboration) and many others are showing keen interest in investment in the Foundry castings and Alloy Steel.

It is very necessary to attract new investments in the field of Electronics and Hardware in West Bengal. In order to curtail the transport cost Videocon words to set up its production units in close proximity to the market and for this purpose the state is having talks with the Videocon authorities. The recent of financial take over of the Philips colour TV producing factory by Videocon at the Salt lake Electronics Complex and due investment of 200 crores to set up a manufacturing unit is a more in the positive direction. In the context of evergrowing competition in due Electronic industry. It can be said that both domestic and foreign organisations should have Calcutta as the base to build up their production region of the country. More over special mention must be made of the efforts of ACC-Alqua Signthetic Ferric Oxide plant at Falta and ACC at Kalyani in the generation of an International Ferric Unit.

Major success is gradually starting to show in the field of fool, processing, leather industry etc, in respect of construction of industrial Unit, in West Bengal excepting Haldia Petrochemicals and downstream industrialisation in PTA project. After thirty years the cotton spinning Mill Called Pacific Cottspin, at Falta, has brightened the prospects of state Knitting Industry.

In the past few years, the West Bengal Industrial Development Corporation (WBIDC) has taken the initiative to send a team of industrial delegates to foreign countries on more than one occasions. There is a positive aspect associated with this Prior 1991, West Bengal did not benefit much from the foreign tour, of Indian delegation for exchange of views in respect of Commerce & Economic affairs. The main reason for this is that those representatives did not have any specific ideas a Specific matter, in their minds. But in the last 4/5 years, One thing observed is that the arrangements made by WBIDC with the help of various businesses concerns, to a send the delegation foreign tours have led to favourable outlook of foreign investors towards West Bengal. The person should continue for consistently good results.

WBIDC has a significant role in stimulating the investment process in West Bengal. This is why we are trying to uplift the working procedure of WBIDC. The latter has recovered 90% of its loans in the last 5 years. The quantity of assets of WBIDC in rising and in 1998-99 it had an operating profit of Rs.76 lakhs. The WBIDC holds govt. sequrities of Rs.480 Crores is different Companies. Out of this huge portion (Rs.43.8 Crores) is in the Haldia Petrochemicals project, Above all in its working process WBIDC has taken an adequately professional approach. All the workers of WBIDC are playing their perts, to their best for this purpose.





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