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Mobile Operator Vodafone to Invest Rs 3,000 Crore in Bengal

Bengal Chief Minister (CM) Mamata Banerjee

Bengal Chief Minister (CM) Mamata Banerjee

India’s leading mobile operator Vodafone plans to invest Rs 3,000 crore (approximately US$ 450 million) over the next three years in Bengal.

According to All India Trinamool Congress (AITC), the investment will be used for capacity augmentation and new business initiatives in the state.

The Memorandum of Understanding (MoU) to this effect was signed on the sidelines of Bengal Global Business Summit 2017.

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Vodafone is already one of the top investors in the state and has invested over Rs 8,400 crore, including Rs. 200 crore in first half of FY17 towards upgrading its network.

A Vodafone statement , according to AITC, said that the company is enthused with the government’s vision of creating Bengal a business hub. We are pleased to announce our investment plans in the state, said the company.

Photo courtesy: AITC

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