Advantage West Bengal | Silpasathi || State Online Single Window Services || Ease of Doing Business || Government of West Bengal

West Bengal- Snapshot

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

West Bengal- Growth indicators

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

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

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

Focus areas

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

Bengal Global Business summit (BGBS)- An overview of last three editions

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