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Single Window Services for Business


West Bengal Industrial Development Corporation

West Bengal: Enabling Business Climate



West Bengal- Snapshot

Economy and Finance

  • 4th largest economy among Indian states
  • GSDP- US$ 157 billion at current prices (2016-17)– 15% CAGR*
  • GVA growing at 15.4% (2016-17)*
  • State tax revenue more than doubled to US$ 7.6 billion (2016-17)*
  • Expenditure in physical infrastructure increased 4 times to US$ 1.09 billion*
  • Plan expenditure in social sector increased 4.5 times to UD$ 4.6 billion*
  • Expenditure in agriculture & allied sectors grew 7 fold to US$ 3.5 billion*
  • Improved work culture- No man days loss*

* in last 5 years

West Bengal- Growth indicators

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

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

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