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In association with Foundry Association, WBIDC is setting up a modern Foundry Park at Hawlibagan under PS-Sankrail on Ranihati-Amta Road in Howrah district. Out of 924 acres of land identified, already 300 acres have been purchased. The balance will be purchased through a committee set up by the State Government. A Special Purpose Vehicle, called Foundry Cluster Development Association has been incorporated. The project cost has been estimated at Rs. 130 crore. DIPP, ministry of Commerce, Government of India has sanctioned Rs. 42.39 crores as grant to meet a part of the cost of the project component under Industrial Infrastructure Upgrading Scheme. The first installment of Rs. 8 crores has been disbursed to the SPV. ILFS has sanctioned Rs. 30 crore as term loan. Balance fund will be provided by the Indian Foundry Association. About 200 units are expected to come up in the park with investment of approximately Rs. 1600 crores. It is also expected that the project will generate employment for 30000 people.
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