The inaugural session of the Bengal Global Business Summit (BGBS) 2025 witnessed major investment commitments from prominent business groups, including Reliance Industries, ITC, JSW, Ambuja Neotia Group, and RP-Sanjiv Goenka Group. Addressing the summit, Reliance Industries Chairman Mukesh Ambani announced that the group would double its investment in West Bengal by the end of the decade.

“In 2016, when I first attended this summit, Reliance’s investments stood below ₹2,000 crore. Today, in less than a decade, our investments in Bengal have increased 20 times, surpassing ₹50,000 crore. Mamata Didi, we shall double this investment by the end of this decade,” Ambani said.

Major Investment Commitments at BGBS 2025

With just over a year remaining before the West Bengal assembly elections, Chief Minister Mamata Banerjee’s government secured investment commitments worth ₹91,000 crore at the summit. The eighth edition of BGBS began with an array of commitments from industry leaders, reinforcing West Bengal’s growing economic potential.

• Reliance Industries announced plans to invest an additional ₹50,000 crore, primarily in Jio, retail, and new energy sectors. The company is also building a state-of-the-art AI-ready data centre in Kolkata, expected to be operational within nine months. Reliance Retail aims to expand its presence in the state by increasing the number of stores from 1,300 to 1,700 in three years while expanding warehouse capacity to 2.2 million square feet. Additionally, Reliance’s green energy initiative is set to launch by the end of 2025 under the motto “Solar Bangla for Sonar Bangla.”
• JSW Group Chairman Sajjan Jindal announced a ₹16,000 crore investment for the construction of two 800 MW power plants in Salboni, Paschim Medinipur. He also hinted at further investments to double the capacity to 3,200 MW in the future. Additionally, JSW plans to establish an industrial park in Salboni and invest in the expansion of Durgapur airport.
• ITC Chairman Sanjiv Puri reaffirmed the company’s commitment to the state, highlighting that ITC’s largest investments are in West Bengal. ITC has recently invested ₹7,500 crores and is expanding its footprint with a new AI-focused global centre of excellence and an FMCG manufacturing facility. The company also plans to double its hotel presence in the state.
• RP-Sanjiv Goenka Group Chairman Sanjiv Goenka announced an additional ₹10,000 crore investment, bringing the group’s total investment in West Bengal to ₹50,000 crore. The funds will be directed towards energy, healthcare, and education projects.
• Ambuja Neotia Group Chairman Harsh Neotia pledged ₹15,000 crore in investments over the next five years across healthcare, hospitality, tourism, residential and commercial real estate, and a golf-themed township.
  

Mamata Banerjee’s Development Initiatives

Speaking at the summit, Chief Minister Mamata Banerjee emphasized her government’s commitment to transforming West Bengal into a business-friendly state. She announced the creation of a state-level synergy committee to facilitate ease of doing business and expedite clearances for investment projects.

“The first day of the summit has been a majestic and stupendous success,” Banerjee remarked. She also highlighted the state’s economic growth, noting that West Bengal’s projected Gross State Domestic Product (GSDP) for the current fiscal year stands at ₹19 lakh crore, outpacing national GDP growth rates.

She further stressed that projects worth nearly ₹13 lakh crore from previous BGBS editions have already been implemented. Additionally, the Deocha-Pachami coal mine project in Birbhum is expected to act as a catalyst for industrial growth, with coal extraction anticipated to begin soon. Compensation and employment opportunities have been assured for land donors.

Future Prospects

The Bengal Global Business Summit 2025 served as a strategic move by the Trinamool Congress government to attract investments and counter criticisms regarding unemployment and industrial stagnation. The government has also engaged with Tata Sons Chairman N Chandrasekaran, who expressed interest in expanding Tata Group’s presence in West Bengal.

As part of ongoing infrastructural development, Banerjee has requested the introduction of a direct flight connecting Kolkata and Europe, further enhancing the state’s global connectivity.

The BGBS 2025 has reinforced West Bengal’s commitment to economic growth, with industry leaders acknowledging the state’s evolving business landscape. As the investments materialize, the state aims to establish itself as a premier investment destination in India, driving employment and industrial expansion in the coming years.

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