Mamata Banerjee, the honorable Chief Minister of West Bengal, states that the state expects to receive an investment worth Rs. 3,000 crore from 20 technology ventures in Rajarhat. She said that the ventures were cleared, and they will form the Phase-2 of Rajarhat technology hub. The Phase-1 of the project is expected to generate 40,000+ jobs.

CM Mamata Banerjee also said that the technology giant Wipro had committed an investment of Rs. 500 crore on its second campus, where 10,000 jobs would get created, taking the IT major’s headcount toll to 19,000 in Kolkata. One of the hub 20 hub projects is an Airtel data center, which is set to be built at a cost of Rs. 350 crore. It will be the second such center by a telecom company at the Hub in Rajarhat. The other project development process underway is by Reliance Jio.

The proposed Silicon Valley Hub is located in a sprawl of 200 acres, where TCS, being the first wave of companies is to come to the Hub, has taken up 20 acres to build a second campus. India’s largest IT company already has 44,000 people in Kolkata, and the headcount could rise to 61,000, as said by Hon’ble Chief Minister.

Almost 1,500 IT companies, which include Cognizant, IBM, and Capgemini, which operate in Bengal, together employs 210,000 IT professionals, and Infosys recently informed the state government that it is working on its maiden campus, which will start from July 2021, and will complete in two years.

CM Mamata Banerjee also said that the rapid strides Bengal had made in the past eight years in terms of capital expenditure, and described the challenges it was dealing with since the outbreak of the COVID-19 pandemic. The state GDP has gone up 2.5 times from 2011.