Shyam Metalics Plans ₹20,000 Crore Investment in West Bengal, Eyes Major Railway Manufacturing Push

Shyam Metalics has announced plans to invest ₹20,000 crore in West Bengal over the coming years, marking one of the major industrial investment commitments in the state’s metals and manufacturing sector. The company said the proposed investment will support capacity expansion, new manufacturing facilities and employment generation across the state.

The company currently employs more than 25,000 people in West Bengal and plans to increase its workforce to at least 45,000 in the next few years. Brij Bhushan Agarwal, Chairman and Managing Director of Shyam Metalics, said the company expects stronger industrial growth in the state and hopes for improved support for development and infrastructure.

As part of the expansion plan, Shyam Metalics is preparing to set up a railway manufacturing unit in Kharagpur with an investment of around ₹4,000 crore. The company has recently acquired a factory that had remained closed for nearly 15 years and expects to begin commissioning work at the facility by the end of this year.

The proposed railway manufacturing unit is expected to strengthen West Bengal’s industrial base and create new opportunities for local employment. The company said nearly 90 percent of its workers in the state are from West Bengal and it intends to continue hiring locally to support youth employment and reduce migration.

Sanjay Kumar Agarwal, Joint Managing Director of Shyam Metalics, said the company is hopeful that a better land policy will help industries acquire land and start projects faster. He said West Bengal has strong workforce potential and the company wants to create more jobs within the state.

The company also highlighted the low consumption of coated steel in West Bengal compared to its population size, pointing to significant growth potential. According to company officials, stronger industrialisation can increase steel consumption and support wider economic development.

The ₹20,000 crore investment plan is expected to boost manufacturing, railway infrastructure, steel demand and employment, positioning West Bengal as an important growth market for Shyam Metalics.