In its second outing on the Bengal International Enterprise Summit (BGBS), Luxembourg sees an enormous potential for funding in power, well being know-how, and clear know-how sectors in West Bengal.
Talking with The Indian Express on the sidelines of the Summit in Kolkata on Wednesday, Ambassador of the Grand Duchy of Luxembourg to India, Peggy Frantzen, stated: “Firms from Luxembourg have already got a presence in West Bengal. We hope they will additional develop their presence right here and extra corporations change into energetic in West Bengal within the close to future.”
Talking on the funding alternatives in West Bengal, Frantzen stated, “It could be good if we are able to discover some frequent floor within the well being and know-how sectors, which is without doubt one of the priorities in Luxembourg. Clear know-how is one other sector which we prioritise. There are some areas now we have in frequent. Because of BGBS, some connections could possibly be made. Some pursuits manifested themselves with some corporations.”
Lauding the West Bengal authorities’s initiative to give you new insurance policies in power and different sectors that have been introduced by Chief Minister Mamata Banerjee on Tuesday, Frantzen stated, “The Inexperienced Hydrogen Coverage and New and Renewable Vitality Manufacturing Promotion Coverage will hopefully be areas the place we are able to strengthen our cooperation. Sadly, there was no coverage on manufacturing. We have now some corporations in India that work on this (manufacturing) sector. Hopefully, there might be a coverage on this space sooner or later.”
Luxembourg, a small European nation, is the fifteenth greatest overseas direct investor in India. At current, 4 corporations from Luxembourg are working in West Bengal. Representatives of those corporations — Rotarex, Boson Vitality, Ceratizit, and Amer Sil Ketex — made separate displays on the nation session held at Biswa Bangla Mela Prangan as a part of the BGBS on Wednesday.