Ambuja Neotia Group to Invest Over Rs 15,000 Crore in West Bengal

Ambuja Neotia Group, a prominent business conglomerate in East India, has pledged to invest over Rs 15,000 crore in West Bengal over the next five years. The investment will be spread across healthcare, hospitality, tourism, residential and commercial real estate, and the development of a golf-themed township. Harshavardhan Neotia, Chairman of Ambuja Neotia Group, announced these plans during the 8th Bengal Global Business Summit in Kolkata.

One of the primary focuses of Ambuja Neotia’s investment is the healthcare sector. The group plans to invest Rs 1,500 crore to establish five new hospitals across the state. These hospitals will add a total of 1,300 beds to the existing healthcare infrastructure. This expansion is expected to enhance access to medical services in both urban and rural regions, addressing the growing demand for healthcare facilities in the state.

Ambuja Neotia Group has also committed Rs 2,700 crore to developing the hospitality and tourism sectors. The company plans to collaborate with Taj Hotels to develop a luxury hospitality circuit in Kolkata and Siliguri. This project will include seven premium hotels and two convention hotels, providing 1,400 rooms. This hospitality expansion is expected to strengthen West Bengal’s tourism infrastructure, attracting both local and international visitors.

A significant part of the investment will be allocated to the development of a golf-themed township in the state. Ambuja Neotia will invest Rs 5,000 crore in this project, which will include an 18-hole golf course, villas, apartments, and a golf hotel. The township will span 240 acres and will offer a mix of residential, recreational, and leisure spaces. This project is expected to cater to high-income buyers looking for luxury living options, while also promoting golf tourism in the region.

In addition to healthcare and hospitality, Ambuja Neotia Group will invest Rs 6,500 crore in residential and commercial real estate projects. The group aims to deliver 10.5 million square feet of built space over the next four to five years. These projects will address the increasing demand for both residential and commercial properties in West Bengal, providing modern living and working spaces.

Harshavardhan Neotia acknowledged the West Bengal government’s role in creating a business-friendly environment, which has facilitated such large-scale investments. He praised the state’s skilled workforce, improving infrastructure, and proximity to key Asian markets. Neotia also expressed gratitude for the support provided by Chief Minister Mamata Banerjee, which has been instrumental in creating a favorable atmosphere for investment.

The group’s investment in healthcare, hospitality, and real estate is expected to have a substantial impact on West Bengal’s economy. The new hospitals will create jobs in the healthcare sector, while the hospitality expansion will generate employment opportunities in tourism and hotel management. Additionally, the real estate projects will create jobs in construction, sales, and property management. The golf-themed township will not only offer residential spaces but also create jobs in golf course management, leisure services, and hospitality. Overall, these investments are expected to boost the local economy by generating employment and supporting various industries.

Ambuja Neotia’s five-year investment plan reflects the group’s commitment to the long-term development of West Bengal. The investments are aimed at enhancing the state’s infrastructure and making it an attractive destination for further business investments. By diversifying its focus across sectors like healthcare, hospitality, and real estate, Ambuja Neotia is contributing to the region’s growth and development. These projects are aligned with West Bengal’s goal of becoming a hub for business, tourism, and real estate development. The group’s investments will help improve the state’s infrastructure, creating a more favorable environment for future growth.

Harshavardhan Neotia emphasized that the group’s commitment to West Bengal is rooted in its long-standing relationship with the state. He mentioned that Bengal has always been their "home" and "karmabhoomi," reinforcing the group’s dedication to contributing to the region’s growth and development.

Through these investments, Ambuja Neotia Group aims to create new business opportunities, enhance infrastructure, and support the state’s social and economic development. The group’s diverse investment portfolio is expected to leave a lasting impact on West Bengal, making it a more competitive and attractive region for further investments.