New Delhi, March 21 (FN Bureau) The World Trade Center Association (WTCA) has joined hands with construction major Merlin Group, for developing a World Trade Centre, being the first under-construction World Trade Center (WTC) in Eastern India. “ The License Agreement for World Trade Center, duly executed, was exchanged between Scott Wang, Vice President, World Trade Center Association, Asia Pacific region, and Sushil Mohta, Chairman along with Saket Mohta, Managing Director of Merlin Group, in Kolkata on Tuesday,” a media statement confirmed. The proposed World Trade Center, being built for Rs 1500 crore, will come up in the Nabadiganta Industrial Township Authority (NDITA) area, Salt Lake, in the city.
“It will be a facility of 3.5 million sq.ft and will create an estimated 30,000 jobs,” the statement claimed. Scott Wang, who is heading the Asia-Pacific region of the World Trade Center Association, visited this city for the occasion and commented that it will support in attracting business with overseas countries and also promote trade and business through 320 World Trade Centers spread over nearly 100 countries across the world. Wang explained that World Trade Center Association was formed in the year 1970, and is a non-profit, international trade association and a vibrant membership community with a mandate to promote and facilitate trade and investment opportunities on a global scale. Through our more than 300 Members with state-of-the-art World Trade Center-branded facilities or operations in cities across nearly 100 countries. “ Our Association serves as a true beehive of economic activity and provides an environment of trust and credibility.
The World Trade Center Association is an influential global network comprising an ecosystem of conference, exhibition centres, economic development agencies, Real estate developers, universities, logistical hubs, airports, ports, free trade zones and more,” Wang said. According to Sushil Mohta, the proposed World Trade Center will reinforce the economic prosperity of West Bengal as well as Eastern India by forging collaboration with international trade bodies and investors from other countries through other World Trade Center members. The proposed World Trade Center will contribute significantly to the State Exchequer and will create 30,000 jobs, he added. In India, the oldest World Trade Center is in Mumbai. There are also World Trade Centers in Bangalore, Chennai, New Delhi, Noida, and Pune among others.