Tata Group back in West Bengal – on an IT mission

19 Jun

The Tata Group is back doing business in West Bengal nearly six years after it called off the Tata Nano project at Singur following a bitter war of nerves with the then opposition leader Mamata Banerjee.

Three years later, Mamata who became the chief minister, with an anti-industry image, however, failed to recoup the land acquired by Tatas.The West Bengal government has now hired two Tata Group companies – Tata Consultancy Services and CMC Ltd – for two key projects aimed at modernising the state’s treasury management and government’s cash transfer system.

A state government official confirmed hiring of TCS and CMC, saying that both companies have been selected through competitive bidding. The proposed schemes are aimed at streamlining government payments and curb leakages.TCS will develop end-to-end biometric solution for smooth delivery of government payments at the panchayat level. The project, which will ensure that the cash benefits go to the right benefactor, is estimated to cost Rs120 crore.

The project cost is pegged at Rs47 crore.”Once this system is in place, there will be more consistency with every department as every payment can be tracked on a real-time basis,” Mitra said. His finance department has already modernised the VAT registration and online corporate tax payment systems to improve efficiency and reduce seepage.These initiatives have helped the government nearly double its own revenue generation to around Rs39,000 crore in FY14 from Rs21,000 crore in FY12.

via domain-b.com : Tata Group back in West Bengal – on an IT mission.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: