Wednesday, August 20, 2008

The Positive effect in the state economy by the Private Equity deals

Kolkata is again seeing the confidence of Private Equity player with Yatra Capital (A Private Equity firm) scheduled to invest 4.4 million euros in an upcoming Taj hotel in Calcutta.The hotel will cater to the needs of IT and ITeS companies located in Sector V of Salt Lake, Rajarhat and New Town.

The economic situation of the state will have definitely a positive impact once there is such kind of Private Equity deal flow in reasonable projects. However,It is also true that in present scenario , it is important to look after also the social impact and the environmental friendliness of any project, whatsoever it is, that economic progress is not in direct collision with social development and environmental friendly agenda.Otherwise , the project will face problems in achieving its long term goal . A strong legal framework will be added help , which can ensure the solution of the problem , before it arise.

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