On 22 November, 2023, West Bengal Chief Minister Mamata Banerjee announced that the state has received a total investment proposals worth approx. Rs 3.76 lakh crore during the seventh edition of the Bengal Global Business Summit (BGBS).

A total of 188 memoranda of understanding (MoUs) and letters of intent (LoIs) were signed for the proposed investments in this two-day business summit. Of these, 93 MoUs were signed between the state government and the private players for the agriculture and allied sector, with an investment proposal of Rs 1,314 crore.

In the healthcare sector, West Bengal has received about 25 LoIs with a total investment proposals of around Rs 7,933 crore, while IT & ITeS sector received five MoUs with investment proposals of around Rs 4,000 crore. The state received around Rs 1,676 crore and Rs 360 crore worth of investment proposals for school education and higher education, respectively.

Ridesharing app Uber and the Transport Department, Government of West Bengal, signed an MoU to launch ‘Uber Shuttle', a bus service for daily commute in Kolkata. As part of this MoU, Uber has proposed to invest USD 10 million by 2025 in the state and create nearly 50,000 livelihood opportunities in the city in the next five years.

Apart from this, the company intends to run around 60 air-conditioned (AC) buses on predefined routes, connecting business districts with residential areas in the city by March 2024.