Calcutta, Oct. 21 :    Calcutta, Oct. 21:  The Chandigarh-based Bhusan Industries Ltd proposes to invest Rs 400 crore in the state to set up a sponge iron and steel-making unit and to expand its cold rolling mill at Serampore, Hooghly. The company has already set up a Rs 290-crore unit with cold rolling facilities of 150,000 tonne per annum (tpa) and galvanising facilities of 1,20,000 tpa at Bangihatti in Serampore. Promoted by the Singals, Bhusan Industries, which has plants at Punjab, Chandigarh and Delhi, with a turnover of Rs 600 crore, procured land in Bengal in February 1999 and started commercial production in April last year. The project has been partly financed by IDBI, IFCI, ICICI, Exim Bank and Punjab National Bank. The company plans to export 40 per cent of the output to countries like Nepal, Bhutan, Bangladesh, Myanmar and South Africa. The company has a collaboration with Sumitomo Metal Industries. It will focus on making galvanised plain/corrugated sheets, primarily for product applications such as roofing and construction activities. The state government has also received a few other investment proposals following the incentive scheme announced in the current financial year. The Shyam Group has proposed to set up a Rs 200-crore steel making unit at Durgapur. The company is already has a presence in the state through its ferro-alloys unit at Durgapur and an ingot casting unit at Burdwan. Hindusthan Seals Ltd proposes to set up an aluminium casting project for manufacturing packaging materials at Haldia for Rs 100 crore. The company is already setting up a unit at Barjora, Bankura for manufacturing coated and treated metal sheets, lacquers and varnishes. Further, D.P.S. Ltd, a company promoted by Dipankar Purakayastha, a non-resident Indian, has decided to invest Rs 230 crore for setting up a shoe manufacturing unit at Burdwan. The project has received FDI clearance. The government has also received two other proposals - one from B. D. Castings for setting up a Rs 15 crore packaging material unit at Howrah and the other by Bunge, a Brazil-based food and agrochemicals company for setting up a Rs 30 crore soyabean/rapeseed oil manufacturing unit. Commerce and industry ministry officials said the appointment of international consultant McKinsey & Co to attract new investments in the food and agro-processing as well as information technology and knowledge-based sectors will boost investment in these sectors. Due to stiff resistance from certain quarters of the state cabinet, the government has appointed McKinsey for only a year, against its earlier plans of appointing the consultant for a longer period.