The projected building, which has the potential to create 30 lakh employment, would be constructed in the Salt Lake region, close to the city.
Saket Mohta, Managing Director, Merlin Group, and Scott Wang, Vice President, Asia Pacific area, of the World Trade Center Association, exchange a memorandum of understanding (right). Also visible is Sushil Mohta, chairman of the Merlin Group.
With an investment of Rs 1500 crore, the US-backed World Trade Center Association (WTCA) has partnered with real estate developer Merlin Group to build the massive 3.5 million square foot (msf) World Trade Center Kolkata.
The projected building, which has the potential to create 30 lakh employment, would be constructed in the Salt Lake region, close to the city.
The licence agreement for WTC was signed by Sushil Mohta, Chairman, Saket Mohta, Managing Director of Merlin Group, Kolkata, and Scott Wang, Vice President, World Trade Center Association, Asia Pacific area.
Mohta stated that although WTCA would give the licence and trademark, the Merlin Group will make the investments. We want to finish the first phase by the following year, he continued.
Conference rooms, exposition halls, business clubs, IT/ITeS offices, five-star hotels, and food and beverage establishments will all form part of the WTC in Salt Lake City.
Mohta asserted that the proposed World Trade Center will increase the economic prosperity of West Bengal and eastern India by forging alliances with international trade organisations and foreign investors via other WTC members.
Mumbai hosts India’s oldest World Trade Center. Other World Trade Centers may be found, among others, in Bangalore, Chennai, New Delhi, Noida, and Pune.
