Mr Ranjan Bandyopadhyay of Anandabazar spoke to me shortly after my presentation to the SLBC last Thursday. Here is a clipping that appears in today's Anandabazar:
1. Make more skyscrapers beside the twin towers. We know we have space constraint. We need at least 40-50 skyscrapers if we want to assure of a space of say 75-80 million Square feet ( 8 crore square feet)which Gujrat Govt is also building in GIFT
2. Make Kolkata International Finance City a SPV or a joint venture between HIDCO and ILFS, which will help it to raise funds from SEBI.
3. Involve technical giants like Cisco to provide complete technical infrastructure there.
4. It will be great if we have a scheme which provides asset ownership to financial hub's occupants by converting it into tradable units. These units will then be listed on the stock markets, for the general public to trade in them. This will ensure that the entire city is owned by the people, and not by a private enterprise.
5. Lets focus on 2 things at the initial stage: (a) Making this finance hub a base to export financial services to non-resident Indias (NRI) and overseas clients/institutions.
(b)Lets also focus on technology infrastructure for financial markets and technology services providers.
So are we planning to give any special competitive advantages to the companies to make them establish a presence in Kolkata Finance Hub? Are we giving them any cost advantage / tax breaks?
So Sir, I have the following suggestions:
ReplyDelete1. Make more skyscrapers beside the twin towers. We know we have space constraint. We need at least 40-50 skyscrapers if we want to assure of a space of say 75-80 million Square feet ( 8 crore square feet)which Gujrat Govt is also building in GIFT
2. Make Kolkata International Finance City a SPV or a joint venture between HIDCO and ILFS, which will help it to raise funds from SEBI.
3. Involve technical giants like Cisco to provide complete technical infrastructure there.
4. It will be great if we have a scheme which provides asset ownership to financial hub's occupants by converting it into tradable units. These units will then be listed on the stock markets, for the general public to trade in them. This will ensure that the entire city is owned by the people, and not by a private enterprise.
5. Lets focus on 2 things at the initial stage:
(a) Making this finance hub a base to export financial services to non-resident Indias (NRI) and overseas clients/institutions.
(b)Lets also focus on technology infrastructure for financial markets and technology services providers.
So are we planning to give any special competitive advantages to the companies to make them establish a presence in Kolkata Finance Hub? Are we giving them any cost advantage / tax breaks?
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteI'll give updates after ILFS makes the bid document
ReplyDelete