Bengal invites proposals for phase-II of financial hub

The West Bengal Housing Infrastructure Development Corporation Ltd (WBHIDCO) has invited expression of interests for  the second phase of the proposed financial hub at New Town, located in the eastern fringes of Kolkata.

According to a blog maintained by Debashis Sen, Principal Secretary of State Urban Development Department, applications  have been invited for allotment of six vacant plots on a lease-hold basis (for 99 years) totalling around 2.5 acres of land in the proposed financial hub. WBHIDCO invited applications from financial institutions such as non-banking financial companies, insurance companies and other financial or regulatory agencies.

State Bank of India, Calcutta Stock Exchange, Allahabad Bank, United Commercial Bank, United Bank of India, National Insurance Corporation, Institute of Chartered Accountants of India, West Bengal Financial Corporation and West Bengal Infrastructure and Financial Development Corporation participated in the first phase of the project.