“West Bengal is turning out to be a knowledge powerhouse in the country and has tremendous potential in knowledge-based projects like research and development"

Two major US companies are planning huge investments in the city in the near future. A real estate group is planning to develop commercial space while a company is considering to set up a research and development hub.

To cater to the needs of US and European companies, the Wire Group, a US based company, is planning to develop a 500,000 square metre commercial complex in Salt Lake, just opposite the Wipro office. “We are planning to invest $1 billion over the next two years in the country and will develop several commercial complexes in cities like Kolkata, Chennai, Pune and Gurgaon,” said Mr Mark Fidelman of the Wire group, while interacting with the Press on the sidelines of a session on Indo-US economic cooperation in the city today.

The company will develop the city property in collaboration with a partner which owns the land. “It is likely to come up within the next two years and will house offices of multinationals, mostly IT companies,’ Mr Fidelman said.
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