RPSG Group commits ₹10,000 crore in new investments in Bengal

The RPSG Group plans to invest around ₹10,000 crore in the state of West Bengal in addition to investments worth over ₹40,000 crore in assets and ₹20,000 crore invested in the group's businesses, which has been seen during the tenure of Chief Minister Mamata Banerjee, said Dr Sanjiv Goenka, Chairperson, RPSG Group, on the first day of the Bengal Global Business Summit, 2025.

"The state is poised for additional investments worth ₹10,000 crore in the pipeline, focussing on critical sectors such as energy, healthcare and education," the RPSG Group Chairman said. He added that today, India Inc. sees a "different Bengal", which has been transformed by the vision and actions of Banerjee. "Decision-making is quick and efficient. We have faced no issues whatsoever."

He lauded Bengal’s business mindset and economic environment, highlighting the state’s commitment to growth, innovation, and limitless opportunities. Exhorting industry to invest in the state, Dr. Goenka said, "Bengal is in business, and Bengal means business. Come, experience what Bengal has to offer and I can promise you will not be disappointed." 

On the opening day of the business summit, titans of India's business world spoke at length about their plans to contribute to West Bengal's economic growth. The chief minister, speaking at the opening event, said that in the last seven editions alone, Bengal has received investment proposals exceeding ₹90.51 lakh crore. "Projects worth ₹12 lakh crore have already been initiated, with the rest in various stages of implementation," Banerjee said.

She said Bengal holds immense potential for further investment as one of the largest state economies. "Our GSDP is expected to reach ₹19 lakh crore in 2024-25, growing faster than the national average. Soon, 40 small-scale industrial parks covering 1,500 acres will be established with an investment of over ₹12,000 crore, generating employment for 1.5 lakh people. Bengal already has 200 industrial and sector-specific parks. Also, I am proud to say West Bengal has the highest number of women entrepreneurs."

Among the other business leaders present at the opening event, Sanjiv Puri, Chairman & MD of ITC Limited and President of CII, said that despite the company's pan-India presence, West Bengal remains the conglomerate’s largest investment hub, with ₹7,500 crore-plus invested across 18 manufacturing facilities and multiple hotels. This, he said, had created "a strong agricultural footprint and a growing IT sector, driving economic growth and innovation in the state".

Reliance Industries Chairman & MD Mukesh Ambani also promised to increase its overall investments in the state to Rs 1 lakh crore by the end of this decade. Ambani said that in 2016 when he first attended the Summit, Reliance’s investments in the state stood at below Rs 2,000 crore. "Today, in less than a decade, our investments in Bengal have increased by 20 times to over Rs 50,000 crore. We shall double this investment by the end of this decade," he said