Friday, May 1, 2015

Meeting on Legal Hub on Monday 4th May

It was in the breakaway session of the Financial Service Sector Committee meeting held on 8th January 2015 during Global Bengal Business Summit that  it was recommended that to encourage investments it is necessary to have quick business dispute redressal mechanism and to take advantage of the amendment of the Arbitration and Conciliation Act 1996 Kolkata may take early start by way of setting up a Kolkata International Arbitration Centre, along the line of the Delhi / Mumbai Centre. It was also decided to expand the scope of Financial Hub at New Town by way of encouraging the legal firms to set up their offices within the area identified as Financial and Legal Hub. It may be mentioned that already the Kolkata Bench of the National Green Tribunal is operating out of Finance Centre Building at New Town, the Green Tribunal overlooking the greens of Eco Park. The Home Department has taken up one floor at the Finance Centre for setting up a Judicial Commission of Inquiry. The State Judicial Academy building in New Town is also nearing completion. The Company Law Board, the State Consumer Affairs Department and West Bengal Public Service Commission have expressed their intention to set up units in New Town. The seeds of developing Central Business District of New Town into a Legal Hub, therefore, have already been sown.

To take these ideas forward, there will be a meeting on Monday the 4th May 2015 at 4pm at Nandan (first floor conference hall). Hon'ble Justice Asuim Banerjee, Minister Firhad Hakim, Minister Chandrima Bhattachrya, Chief Secretry Sanjy Mitra will address. Many legal luminaries have been invited including Hon'ble Advocate General, President Bar Council and many others.

Here is a photo of the invitation card:


  1. No Doubt this is a good initiative to promote the legal Hub. But we need the help of a reputed Management Consultancy Firm like KPMG / Deloitte etc to get a roadmap of bringing the pvt sector big names in Legal Hub.

    ( McKinsey / Bain / BCG might have done wonders but they might be prohibitively costly for HIDCO) We need to know how to attract the big names in Legal world from Mumbai & NCR. Another roadshow in Mumbai and perhaps also in Singapore is needed.

    These management consultancy firms might also be a great help for attracting pvt Sector Big names in Finance and software R&D Companies to New Town.

  2. 2 unanimous feedback from multiple friends who visited Eco Park and MWM

    1. ShahRukh Khan statue is really bad.

    2. Eco Cart does not give any receipt for Rs. 50 it charges. If HIDCO is operating these carts directly, then there is a definite pilferage that is happening. If HIDCO has given it on contract to some agency, then also visitors expects some sort of receipt when they give the money.