- 4th largest economy among Indian states
- GSDP- US$ 157 billion at current prices (2016-17)– 15% CAGR in last 5 years
- GVA growing at 15.4% (2016-17) in last 5 years
- State tax revenue more than doubled to US$ 7.6 billion (2016-17) in last 5 years
- Expenditure in physical infrastructure increased 4 times to US$ 1.09 billion in last 5 years
- Plan expenditure in social sector increased 4.5 times to UD$ 4.6 billion in last 5 years
- Expenditure in agriculture & allied sectors grew 7 fold to US$ 3.5 billion in last 5 years
- Improved work culture- No man days loss in last 5 years
Robust physical infrastructure
- 3rd largest in road coverage - over 3 lakh km
- 2nd largest metro rail network; first under-water metro tunnel
- 2 international airports; 56% increase in international air traffic, 26% increase in total traffic
- 2 major ports; 2 deep sea ports coming up
- Reviving riverine transport- Freight movement; Luxury cruises
- Amritsar Kolkata Industrial Corridor(AKIC) aligned to Eastern Dedicated Freight Corridor (EDFC) with Dankuni as terminal
- Largest power distribution in India, quality and availability
- 13,825 MW generating station and 12,723 km transmission network capacity
- Largest coal block: Deocha- Pachami - development in PPP
- Rs. 20,000 crore investment potential
- Petroleum downstream raw materials available- PTA, PET
- Availability of natural gas- CBM, GAIL gas
- 6 new theme township coming up; 331 acres land
- 169% increase in IT investment and 80% growth in IT exports in last 5 years
- Nearly doubling presence of IT majors in the last five years
- Assured skilled HR - 8,00,000+ people skilled in last 5 years
Make in Bengal : Doing Business Made Easy
- Forward-looking industrial policies- competitive fiscal incentives for industries
- Procedure simplified- decentralization, reduced documentation burden
- Inspection synchronised; report submission within 48 hours
- No more affidavit required: self-declarations and self-attestation introduced
- e-services and single window system for industry
- 23 Industry Facilitation Centres at district level set up; over 10,000 clearances disposed of in last 1 year
- 23 Start up Acceleration Centres set up in districts
- Time bound delivery of services enacted under RTPS Act
- Land bank - plug & play industrial infrastructure in industrial parks/estates
West Bengal- Industrial Scenario
- 10.6% industrial growth in 2015-16, higher than national growth (7.3%)
- 12.02% growth in Gross Value Added (GVA) vis-à-vis national growth
- 108% increase in bank credit flow to MSMEs in last six years
- Over Rs. 1.30 lakh crore ( ~US$ 20 billion)
- 6.97% growth of Index of Industrial Production (IIP); 6.6% in manufacturing sector
- 2nd largest in the country in terms of number of people employed in MSMEs: about 9 million
- Rs. 200 crore (~US$ 30.8 million) MSME Venture Capital Fund
- US$ 3.96 billion total FDI flow (April ’00- Sept’16)
- Special focus on handloom and handicraft- Biswa Bangla brand & UNESCO collaborated Rural Craft Hub (RCH)
- Focused cluster development; 400 + MSE clusters
- State of the Art ‘State Design Centre’ being set up in collaboration with National Institute of Design (NID)
- Presence of 36 embassies and high commissions
- Over 260 multinational and corporate houses
- Development of Industrial Growth Corridor along highways underway
- Howrah being developed as MSME hub
Sectors identified
- Industrial Infrastructure
- Manufacturing (Engineering, Auto Ancillaries, Leather, Gems & Jewellery, Textiles)
- Urban Development
- Agro Business (Food Processing, Animal Resource Development, Fisheries),
- IT & ITeS
- Transport
- Tourism
- Energy
- Skill Development
- Healthcare and Education amongst others
Major Industrial Regions- Howrah, Kolkata, Haldia, Asansol- Durgapur, Kharagpur, Siliguri
BGBS 2015
- Participating countries- 20
- Investment proposals- Rs. 2.43 lakh crore (US$ 37.4 billion)
BGBS 2016
- Partner country- Japan
- Participating countries- 26
- Investment proposals- Rs. 2.5 lakh crore (US$ 38.5 billion)
BGBS 2017
- Partner country- Japan, Poland, Italy, Germany
- Participating countries- 29
- Investment proposals- Rs. 2.35 lakh crore (US$ 36.2 billion)
Useful links