The World Trade Center Association (WTCA) has joined hands with Merlin Group, for developing a World Trade Centre, being the first under construction World Trade Center in Eastern India. The proposed World Trade Center is located in the Nabadiganta Industrial Township Authority (NDITA) area, Salt Lake, West Bengal.
The License Agreement for World Trade Center, duly executed, was exchanged between Scott Wang, Vice President, World Trade Center Association, Asia Pacific region, and Sushil Mohta, Chairman along with Saket Mohta, Managing Director of Merlin Group, Kolkata. The investment for the World Trade Center at Salt Lake will be about INR 1500 Cr. It will be a facility of 3.5 million sq.ft and will create 30,000 jobs.
Scott Wang, who is heading the Asia-Pacific region of World Trade Center Association, which includes many countries, such as, India, Australia, Bangladesh, China, Indonesia, Japan, Malaysia, Pakistan, Singapore, South Korea, and Srilanka, visited Kolkata for the occasion, commented that it will support in attracting business with overseas countries and also promote trade and business through 320 World Trade Centers spread over nearly 100 countries across the world.
Wang also explained that World Trade Center Association was formed in the year 1970, is a non-profit, international trade association and a vibrant membership community with a mandate to promote and facilitate trade and investment opportunities on a global scale. Through our more than 300 Members with state-of-the-art World Trade Center-branded facilities or operations in cities across nearly 100 countries. Our Association serves as a true beehive of economic activity and provides an environment of trust and credibility. The World Trade Center Association is an influential global network comprising an ecosystem of conference, exhibition centres, economic development agencies, Real estate developers, universities, logistical hubs, airports, ports, free trade zones and more.
According to Sushil Mohta, the proposed World Trade Center will reinforce the economic prosperity of West Bengal as well as Eastern India by forging collaboration with international trade bodies and investors from other countries through other World Trade Center members. The proposed World Trade Center will contribute significantly to the State Exchequer and will create 30,000 jobs. In India, the oldest World Trade Center is in Mumbai. There are also World Trade Centers in Bangalore, Chennai, New Delhi, Noida, Pune among others.
Saket Mohta, Managing Director of Merlin Group commented that the proposed World Trade Center would consist of sprawling 3.5 million sq. ft at Nabadiganta Industrial Township Authority (NDITA) area, Salt Lake, West Bengal, with an investment of Rs. 1500 Cr. It will be an iconic State of Art facility having World Trade Center branded Services including trade information, trade education, research, inbound facility and IT/ITeS offices, combined with support facilities, retail, 5-star hotel, F&B outlets as well as entertainment facilities, as per the present policy.
He also commented the proposed World Trade Center will be another feather in the cap of West Bengal and will help in Bengal to attract its youth giving them a vibrant opportunity and quality lifestyle with its proposed development. Merlin Group is committed to work closely with the State Government for the Development of Trade industry and overall economic growth of West Bengal, added Sushil Mohta.
