Ambuja Neotia Group announces INR 15,000 Cr investment in West Bengal over the next 5 years – ET TravelWorld

Ambuja Neotia Group, one of East India’s leading business conglomerates, has unveiled an ambitious investment plan of over INR 15,000 crores in West Bengal, set to unfold over the next five years. These investments will be made across diverse sectors, including healthcare, hospitality, tourism, residential and commercial real estate, and a first-of-its-kind golf-themed township. This strategic move underscores the Group’s long-term commitment to the economic growth and development of the state.

Speaking at the 8th Bengal Global Business Summit in Kolkata, Harshavardhan Neotia, Chairman of Ambuja Neotia Group, expressed his gratitude to the Government of West Bengal for creating a business-friendly environment. He also highlighted Bengal’s strategic advantages, such as its skilled workforce, growing infrastructure, and proximity to key Asian markets. Neotia commended the proactive governance of Chief Minister Mamata Banerjee, whose efforts have helped create a conducive atmosphere for investment.

A key highlight of the investment is the healthcare sector, with INR 1,500 crores allocated for the establishment of five new hospitals across the state, including three in Kolkata, one in Durgapur, and one in Siliguri. These greenfield projects will add 1,300 hospital beds to West Bengal’s healthcare infrastructure.

Additionally, the Group has earmarked INR 2,700 crores for the development of a luxury hospitality circuit in collaboration with Taj Hotels. This will include seven premium hotels in key locations such as Darjeeling, Kalimpong, and the Sundarbans, and two convention hotels in Kolkata and Siliguri.

A significant portion of the investment, INR 5,000 crores, will be used for a golf-themed township, which will feature an 18-hole international standard golf course, villas, apartments, a golf hotel, and premium amenities. With nine large-scale real estate projects underway, Ambuja Neotia is also focusing on residential and commercial developments, contributing 10.5 million sq. ft. of built space.

Harshavardhan Neotia emphasized the Group’s long-standing commitment to Bengal, noting that these projects will create new job opportunities, enhance infrastructure, and reinforce the state’s position as a business and tourism hub. The investments come at a time when West Bengal is experiencing significant infrastructural growth, including improved metro connectivity, enhanced road networks, and expanded flight connections to key cities.

Ambuja Neotia Group’s strategic investments are set to play a pivotal role in driving West Bengal’s economic progress, enhancing infrastructure, and supporting the state’s growth trajectory.