Bengal has seen the implementation of at least 50 per cent of the committed investments made in its business summits.

The state expects to attract investment proposals of more than Rs 3.5 trillion at the forthcoming Bengal Global Business Summit (BGBS) in November this year, Amit Mitra, principal chief adviser to the Bengal chief minister, said here on Tuesday.

Mitra was speaking to the press after addressing a roadshow for the 7th edition of BGBS, which will be held for two days beginning November 21 in Calcutta.

Replying to a question on the commitment received from the industry in the last summit that was held in January 2022 and the state’s expectation for the meeting, Mitra said it had received investment proposals of Rs 3.50 lakh crore.

“Last time, a little more than Rs 3 lakh crore was offered. If you take the entire BGBS for five years, you will find that 50 per cent... the earlier ones get implemented now. If you make an offer and start it would take 2-3 years, so 50 per cent of the investments offered in BGBS are already in operation, so last year’s ones are going into operation,’’ he observed.

Mitra was accompanied by industry leaders such as Anjan Chatterjee, CMD of Speciality Restaurants, Vijay Dewan, MD of Apeejay Surrendra Park Hotels, Sanjay Budhia, MD, Patton Group, and B Sumant, executive director of ITC.

According to a statement, the roadshow saw participation of more than 200 industry officials from Mumbai.

Mitra said in his inaugural address that Bengal is the 4th largest economy (on the basis of net value added according to the Reserve Bank of India)in India. He also cited the huge market potential with over 93 million people and the catchment potential that includes its north eastern neighbourhood.