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{{Short description|Trade centre of West Bengal}}
{{Use dmy dates|date=May 2018}}
{{Use Indian English|date=May 2018}}
{{Infobox venue
| name = World Trade Center Kolkata<br>''বিশ্ব বাণিজ্য কেন্দ্র, কলকাতা''
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| pushpin_map = India Kolkata#India West Bengal#India
| pushpin_map_caption = Location in Kolkata##Location in West Bengal##Location in India
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| city = [[Kolkata Metropolitan Area|Kolkata (Greater)]]
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| location = [[Bidhannagar|Salt Lake Sector V]]
| coordinates = {{Coord|22|34|41.07|N|88|26|11.91|E}}
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| type = Commercial
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| acreage = 10.5 acres
| surface = {{Bulleted_list|{{small|'''Phase 1'''}}<br>{{convert|350000|ft2|m2}}|{{small|'''Total Planned'''}}<br>{{convert|3500000|ft2|m2}}}}
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| cost = {{INRConvert|1500.00|c}} (Expected)<ref>{{Cite web |last=www.ETRealty.com |title=WTCA join hands with Merlin Group to develop World Trade Centre in Kolkata - ET RealEstate |url=https://realty.economictimes.indiatimes.com/news/commercial/wtca-join-hands-with-merlin-group-to-develop-world-trade-centre-in-kolkata/98870870 |access-date=2023-03-27 |website=ETRealty.com |language=en}}</ref>
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| builder = Merlin Group
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The '''World Trade Centre Kolkata''' is an under-construction commercial building in the [[Bidhannagar, Kolkata|Biddhannagar]], [[Kolkata]]<ref>{{cite news |title=North 24 Parganas district|url=https://www.wbtourismgov.in/destination/district/north_24_parganas#lb7}}</ref> in the Indian state of [[West Bengal]]. It will consist of multiple towers. The location is close to [[Netaji Subhas Chandra Bose International Airport]].<ref>{{cite web |title=Iconic twin towers may come up in Rajarhat - Times of India |url=http://articles.timesofindia.indiatimes.com/2013-08-06/kolkata/41130641_1_financial-hub-hidco-action-area-ii |url-status=dead |archive-url=https://web.archive.org/web/20130810132003/http://articles.timesofindia.indiatimes.com/2013-08-06/kolkata/41130641_1_financial-hub-hidco-action-area-ii |archive-date=10 August 2013 |access-date=17 January 2022 |website=[[The Times of India]]}}</ref>

== History ==

===1990 proposal===
The first WTC was proposed in 1990 in a 223- Acre plot in [[East Kolkata]] with corporate offices, residential space, shopping centers and golf courses. But the project did not succeed since it would cover up the East Kolkata wetlands which were protected by court order.<ref>{{cite news | url=https://timesofindia.indiatimes.com/city/kolkata/mou-for-world-trade-centre-in-city-inked/articleshow/98892406.cms | title=MoU for World Trade Centre in city inked | newspaper=The Times of India | date=22 March 2023 }}</ref>

=== 2013 proposal ===
The Chief Minister of West Bengal in 2013 had shown keen interest in establishing a World Trade Centre (WTC) in Kolkata. For this, Pawan Dhoot, Managing Director, Dhoot Group, invited Eric Dahl, CEO of World Trade Center's Association (WTCA), the largest international trade association and the government ministers and officials in Kolkata.<ref name=":0" /> The ground work related to the project never really started under the Dhoot led consortium.

=== 2023 proposal===
Merlin Group later in 2023 announced their partnership with the World Trade Centers Association to develop the World Trade Center in Kolkata which would cover an area of 3.5 million square feet. The project’s License Agreement was signed by Scott Wang, Vice President of the World Trade Centers Association (WTCA) Asia Pacific region, and Merlin Group’s Chairman, Sushil Mohta, and Managing Director, Saket Mohta. Approximately ₹1,500 crore investment proposal was initialized by the company for the implementation of the project.<ref>{{Cite news |last=Khan |first=Sobia |date=2023-03-21 |title=Merlin Group to develop a World Trade Centre in Kolkata |work=The Economic Times |url=https://economictimes.indiatimes.com/industry/services/property-/-cstruction/merlin-group-to-develop-a-world-trade-centre-in-kolkata/articleshow/98866669.cms |access-date=2023-03-23 |issn=0013-0389}}</ref><ref>{{Cite web |last=Bureau |first=BL Kolkata |date=2023-03-21 |title=World Trade Centre to come up in Kolkata at an estimated investment of ₹1,500 crore |url=https://www.thehindubusinessline.com/news/real-estate/world-trade-centre-to-come-up-in-kolkata-at-an-estimated-investment-of-1500-crore/article66645858.ece |access-date=2023-03-23 |website=www.thehindubusinessline.com |language=en}}</ref> [[Chief Minister of West Bengal]] [[Mamata Banerjee]], during the industry enclave meet in Mumbai, was approached by the promoters of World Trade Centre Mumbai with a proposal to erect a similar structure in [[Kolkata]].<ref>{{cite web|url=https://aitcofficial.org/aitc/kolkata-to-get-indias-tallest-world-trade-centre/ |title=Kolkata to get India`s Tallest World Trade Centre|date=2013-10-29|access-date=2023-09-23}}</ref><ref name=":0">{{Cite web |title=Dhoot Group to develop first World Trade Center |url=https://www.constructionworld.in/policy-updates-and-economic-news/Dhoot-Group-to-develop-first-World-Trade-Center-/10981 |access-date=2023-03-23 |website=www.constructionworld.in |language=en}}</ref>

== Location ==
Merlin Group initialized the development of World Trade Centre project in a 10.5 Acre plot in the Nabadiganta Industrial Township Authority (NDITA) area, Salt Lake Sector V, Kolkata.<ref name=":1">{{Cite web |last=www.ETRealty.com |title=WTCA join hands with Merlin Group to develop World Trade Centre in Kolkata - ET RealEstate |url=https://realty.economictimes.indiatimes.com/news/commercial/wtca-join-hands-with-merlin-group-to-develop-world-trade-centre-in-kolkata/98870870 |access-date=2023-03-27 |website=ETRealty.com |language=en}}</ref>

[[File:Bidhannagar Sector V Kolkata unfinished tower.jpg|left|thumb|[[Videocon Group|Videocon Group's]] abandoned project in Salt Lake Sector V to be developed as World Trade Center]]
The company accessed the prime land which once belonged to Kitchen Appliances India Ltd, a Videocon group entity, through insolvency resolution. Aryan Mining was the successful resolution applicant for KAIL. The owners of Aryan Mining, are related to the Mohta family of the Merlin Group by marriage. Hence, both the firms decided to join hands for completion of the project.<ref>{{Cite web |title=Telegraph india epaper Calcutta |url=https://epaper.telegraphindia.com/imageview/428313/22652792/71.html |access-date=2023-03-23 |website=epaper.telegraphindia.com}}</ref>

== Completion ==
Phase I of the entire project is planned to be completed by 2nd half of 2025.<ref name=":1" />

==References==
{{reflist}}

==See also==
*[[List of world trade centers]]
*[[List of tallest buildings in Kolkata]]
*[[List of tallest buildings in India]]

{{Kolkata topics}}

[[Category:Buildings and structures in Kolkata]]
[[Category:Economy of Kolkata]]
[[Category:Proposed skyscrapers in India]]

World Trade Centre Kolkata - Revision history

GayeKirkpatrick: added new post v1