Kolkata-based Merlin Group signs MoU with World Trade Centers to enhance trade and investment

The Kolkata-based Merlin Group announced on Wednesday that the company has signed a Memorandum of Understanding (MoU) with several World Trade Centers (WTCs) in the country to explore opportunities for enhancing trade and investment. The pact was inked during the Bengal Global Business Summit in Kolkata.

Promoting Trade and Investment

Sushil Mohta, chairman of WTC NDITA, said, "We signed MoUs with WTC Bangalore, WTC Mumbai, and WTC Noida at the investment summit for mutual support in various activities, promoting businesses and members in each other's states." The Rs 1500 crore WTC, which is likely to create 30,000 job opportunities, is coming up at Salt Lakes Sector 5 area, the municipal services of which are looked after by Nabadiganta Industrial Township Authority (NDITA).

Focus on Global Trade

This WTC will also focus on strengthening global trade, with a particular emphasis on promoting exports from West Bengal, Maharashtra, Karnataka, Delhi, Tamil Nadu, and Kerala, Mohta said. The partnership with other WTCs aims at exploring opportunities for enhancing trade and investment not only in West Bengal but also in states such as Maharashtra, Karnataka, Tamil Nadu, and Delhi, according to a company statement.

Joint Industry Initiatives

Amrit Lal Batwal, senior manager at World Trade Center India, representing 13 centers in the northwest region, outlined the MoUs agenda to jointly work on industry initiatives, promoting trade and investment opportunities between WTC alliance states and West Bengal. Vijay Kalantri, chairman of WTC Mumbai, emphasized the MoU's focus on promoting trade and business opportunities between Mumbai and Kolkata, fostering further relations for growth and employment.

The signing of these MoUs between the Merlin Group and various World Trade Centers in India marks a significant step towards enhancing trade and investment opportunities not only in West Bengal but also in several other states across the country. By leveraging the strengths and networks of each WTC, this partnership aims to promote business growth, create employment opportunities, and strengthen global trade.