Calcutta, June 27 :     The West Bengal Electronics Industry Development Corporation Ltd (Webel) will convert some of its loss-making manufacturing units and joint ventures into service-oriented entities. The company?s managing director Subhendu Mitra said: ?We have already approached the state government with our business plan to revive these units. The traditional manufacturing units need to be revived in the face of competition from both domestic and international companies.? Mitra said both Webel Nicco, which manufactures televisions, and Webel Video, makers of picture tubes, are unable to withstand competition from bigger players. ?We would like to gradually transform these units into service oriented-ones dealing with web business, telecommunications. We would like to clear the balance sheets of these companies soon,? he said. WorldTel, which is studying the possibility of Internet community centres across the state, is yet to submit its report. ?We are waiting for their report and only then we can give shape to our business plans,? Mitra said. On Webel?s future plans, Mitra said he would like to create two mini Saltlecs (Salt Lake Electronic Complex) within two years. ?Webel has already acquired land in Mahisbathan. It is in the process of acquiring land where promoters have failed to set up any project,? he said. The electronic complex in Salt Lake now houses 160 companies spread over an area of 135 acres. Webel is also planning to set up a second software technology park . The project will be completed in 18 months. Total investment for the project is expected to be Rs 5 crore. . Meanwhile, Webel is in the process of launching an asset management company to manage venture capital funds with a corpus of Rs 30 crore. ICICI will be a major contributor to the fund.