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Our Bureau

Kolkata , Oct. 28

THE RPG Group is setting up a Rs 40-crore business school in the city as part of a total investment of over Rs 5,000 crore earmarked for West Bengal.

After receiving the Outstanding Young Achievers Award 2005 from the Young Leaders Forum of the Indian Chamber of Commerce, Mr Sanjiv Goenka, Vice- Chairman, RPG Group, said the group did not make any investment in the last few years.

"However, things have changed and we have started making fresh investments. So we have worked out a grand investment plan for West Bengal too," he said.

Apart from the management school, all investments would be in the power sector through its flagship outfit, CESC Ltd. The company is setting up a greenfield 1,000 MW power plant at Haldia worth Rs 4,000 crore.

CESC is also adding another 250 MW power unit in Budge Budge and a 40 MW power at Asansol in Burdwan district.

"This is the largest investment that the RPG Group is making anywhere in the country," he said.

Talking about the business management school, he said, it would be affiliated to All India Management Association. According to Mr Goenka, three acres plot has been identified and the State government has given some of the necessary clearances.

The institute is likely to be ready in 18 months. "We hope to get the first batch of students from the 2007-08 session," he said.

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