Home Economy Shristi Infra to invest Rs.2,000 crore in three states

Shristi Infra to invest Rs.2,000 crore in three states


Kolkata : Shristi Infrastructure Development Corporation said Wednesday it would invest Rs.2,000 crore over the next three years in seven smaller cities in three states.

The money would be used to build integrated townships, healthcare facilities, hospitality and sports facilities, retail malls, logistics hubs and commercial and residential complexes in West Bengal, Tripura and Rajasthan, company director Hemant Kanoria told media persons here.

In West Bengal, the company – through its special purpose vehicle Bengal Shristi Infrastructure Development Ltd set up in joint venture with Asansol Durgapur Development Authority (ADDA) – was working in Asansol, Durgapur and Raniganj towns of Burdwan district.

Besides, it is constructing an international sports city at Haldia in East Midnapore district and a condominium in Krishnanagar of Nadia district.

For these projects, the company would make a fresh investment of Rs.1,500 crore in the state.

The company is also coming up with a mall and hospitality project spread over 8.5 acres in Udaipur, Rajasthan, by injecting Rs.500 crore.

In Tripura, the company would complete a shopping complex by investing Rs 25 crore.

Besides these projects, the company has floated another joint venture, Kanchan Janga Integrated Infrastructure Development Private Ltd in partnership with the West Bengal Industrial Infrastructure Development Corporation, to develop an integrated industrial hub in Siliguri.

The hub will comprise an industrial zone, IT Park, healthcare and educational facilities, residential complexes, commercial centres and sports and recreational activities spread over 124.5 acres.