Shapoorji Pallonji Group MD meets Bengal CM

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West Bengal
Kolkata, Aug 2: Managing Director of Shapoorji Pallonji (SP) Group Shapoor Mistry called up West Bengal Chief Minister Mamata Banerjee on Tuesday and expressed his eagerness to engage in projects for infrastructural development in the state.

Besides the CM, Mistry also met Industries Minister Partha Chatterjee, Finance Minister Amit Mitra and Chief Secretary Samar Ghosh. Mistry said after the meeting that they had come to meet the CM to explore various possibilities that could result in mutual benefit for them and the Bengal government. Thanking Banerjee, Mistry said they were looking forward to projects like deep-sea port, hydro electricity, roads and IT parks.

It is also learnt that Mistry would partner the Universal Success Group, owned by Prasoon Mukherjee, an NRI businessman, in the infrastructure project development. The two might bid for hydel power and deep-water port projects.

Chatterjee said the state government would extend all possible support to the SP Group, which is the single-largest shareholder in Tata Sons. The industries minister said that they hoped that SP, a company of good reputation, would set up projects in Bengal.

The SP Group already has a significant presence in Bengal. Mistry said they already have made an investment over Rs 1,000 crore in the state. The group is setting up a mass housing project at Rajarhat for the economically weaker. It has also plans to build an IT park on a 50-acre plot that it possesses in the area. The Group, with over 20,000 employees and turnover of $2.5 billion, has interest in sectors like infrastructure, construction, real estate and engineering.

SP Group is chaired by Pallonji S Mistry, father of Shapoor Mistry. Cyrus Mistry, chairman-designate of the Tata Group and successor, is Shapoor Mistry's younger brother.

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