ITC will invest ₹1,700 crore in West Bengal in a raft of projects including a FMCG personal care facility, a decor paper manufacturing capacity at its Tribeni Tissues unit and scale up of its food park, managing director Sanjiv Puri said .

This was among the announcements made at the fifth Bengal Global Business Summit where Reliance Industries Ltd. chairman and managing director Mukesh Ambani said that ₹10,000 crore investment were already under implementation. He said that RIL’s West Bengal investments at ₹28,000 crore, accounted for about one-tenth of its total investments in India so far.

The business summit saw announcement of ₹40,000 crore projects some of which are under implementation. These were from major business groups including JSW, Hiranandani, Great Eastern Energy ( Y. K. Modi) .

Mr. Ambani, who commended West Bengal’s transformation, gave a status update on the group’s investments here, saying that projects on coverage of the entire population with the Jio network may be completed in 2019. Retail footprints and warehouses were also increasing. Land for a data centre project has been received and chair to honour world renowned physicist S. N. Bose will be ready this year.

ITC's ₹4,000 crore investment commitment across agriculture, manufacturing and services, are on the ground, Mr. Puri said. This includes two operational food processing facilities. Its new hotel is likely to be ready soon.

Sajjan Jindal, JSW chief, said that while the group had to shelve its mega steel plant project for paucity of raw materials, it has invested in a cement plant at the same location which is under now under expansion. West Bengal Finance Minister Amit Mitra said that JSW would also invest in a ₹7,000-crore pumped storage project.

DP World has also shown interest in investing in a minor port at Kulpi in South 24 Parganas, it was learnt. Memoranda of agreements and memoranda of associations were also signed with many countries including Italy.