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The Bengal government is pitching for a $4 billion (around 25,000 crores) Saudi investment in oil refinery and port projects. Saudi officials who met Bengal’s chief minister feel Bengal coast is a potential site for one of the two oil refineries they wish to set up in India.

They have identified Maharashtra on the West coast and Bengal in the east. They believe West Bengal has certain geographical advantages. The officials also wanted to create a port at Tajpur in East Midnapore.