Several pacts signed at Mamata`s Singapore visit

Three major agreements were signed on Wednesday during West Bengal Chief Minister Mamata Banerjee`s five-day visit to Singapore aimed at attracting investments for the state.

PTI| Updated: Aug 21, 2014, 00:59 AM IST

Kolkata: Three major agreements were signed on Wednesday during West Bengal Chief Minister Mamata Banerjee`s five-day visit to Singapore aimed at attracting investments for the state.

Singapore-based GIC-invested PE fund sponsored by HDFC Property domiciled in that country and city-based realtor Hiland Group signed an agreement worth approximately Rs 200 crore in the Calcutta Riverside Development project near the metropolis, WBIDC said in a statement here.
Another pact was signed between Keventer Agro of Kolkata and InfraCo Asia, Singapore, for a food park at Dankuni worth approximately Rs 1,000 crore.

Axsys Technologies and Compass Energy Pte Ltd of Singapore entered into a pact for collaboration on solutions in ship building and oil and gas exploration.

The Axsys-Compass combine was expected to generate additional employment of about 200 persons in the Sector-V area immediately and another additional 500 to 600 persons over the next two years.
Axsys is a Singapore-based engineering design and project management company operating globally out of Singapore, Thailand, Europe and USA, catering mainly to the oil and gas sector.

Banerjee today addressed a gathering of businessmen based in Singapore and urged them to invest in the state.