State's investment in human capital led to Bengal's IT boom

Every one dollar spent on human capital produces 11.3 dollar worth GDP. Over 44 per cent of the GDP in the east is contributed by Bengal which is much greater in comparison to other eastern states...

- OUR CORRESPONDENT

KOLKATA: The state government's thrust upon investment in human capital right from the bottom of the pyramid has led to a boom in Information Technology, said Amit Mitra, principal chief adviser to Bengal Chief Minister Mamata Banerjee and Finance department.

Mitra's statement assumes significance in the backdrop of the Chief Minister on Wednesday inaugurating the iconic Infosys Development Centre on 17 acres of land at Hatisala. The IT major's 320,000 sq ft state-of-the-art development centre entailing an investment of Rs 426 crore will accommodate over 4,000 employees in a hybrid working model.