JSW Steel signed a pact with West Bengal government on 11 January 2007 to set up a 10 million tonne steel plant in Salboni. This will be the largest single investment in Bengal to this time. The plant will be established on a 5,000-acre (2023 hectare) plot. District magistrate B.P. Barat has stated that some 95% of the land for the Jindal project is fallow, barring a few acres in two mouzas, inhabited by tribals.
The first phase of the steel project will need an investment of Rs. 15,000 crore that would include a 3-million tonne steel plant, a 600 MW captive power plant, an independent 1,000 MW power plant, development of coal mines and a berth in the Haldia port. The next two phases will need investment of Rs. 10,000 crore each to enhance steel production to 10 million tonnes. It will provide direct and indirect employment totalling 10,000.
BRBNMPL (Bharatiya Reserve Bank Note Mudran Pvt. Ltd.) was established by Reserve Bank of India (RBI) as its wholly owned subsidiary on 3 February 1995 with a view to augmenting the production of bank notes in India to enable the RBI to bridge the gap between the supply and demand for bank notes in the country. The BRBNMPL has been registered as a Private Limited Company under the Companies Act 1956 with its Registered and Corporate Office situated at Bangalore. A press has been set up in the outskirts of Salboni Town. This is one of the four note presses all over India. Two under Security Printing and Minting Coroporation of India Limited (Central Govt)at Nashik, Maharastra and Dewas, Madyapradesh. Two under RBI subsidiary BRBNMPL at Mysore, Karnataka and Salboni, West Bengal. A township with high security has been set up around the note press at Salboni.