Advantage Bengal




Steady growth along with fiscal consolidation has been the hallmark of the State economy. When India has grown 4.7 percent, West Bengal has grown 8.62 percent as per CSO’s report published on 1st August,2014. GSDP growth in West Bengal was higher than the National Average for 2013-14. Growth rate in National Average of GDP at Current Prices in 2013-14 was 11.50%, while Growth Rate in GDP in West Bengal for the same period was 14.27%. Growth rate in National Average of GDP at Constant Prices in 2013-14 was 4.7%, while Growth Rate in GDP in West Bengal for the same period was 8.62%. Growth rate in Per Capita Net State Domestic Product at Current Prices for 2013-14 for West Bengal was 13.14% as against the National Average of 9.64% during the same period. Growth rate in Per Capita Net State Domestic Product at Constant Prices for 2013-14 for West Bengal was 7.78% as against the National Average of 2.70% during the same period.
Statement: Gross State Domestic Product at Current Prices
Gross State Domestic Product at Constant(2004-05) Prices
Statement: Net State Domestic Product at Current Prices
Statement: Net State Domestic Product at Constant (2004-05) Prices
Statement: Per Capita Net State Domestic Product at Current Prices
Statement: Per Capita Net State Domestic Product at Constant(2004-05) Prices


Facts & Figures
West Bengal is the largest rice producing State in the country, producing over 16% of rice.
West Bengal is the second largest tea growing State in India. It contributes about 21 percent of the total production of tea in India.
Software exports: Rs. 13686 crore (US$ 2.28 billion) in 2013-14.
Presence of 800+IT Companies.


West Bengal is one of the most culturally and ethnically diverse States of India.

It has major advantages of easy availability of raw materials, a comfortable power situation, large pool of talented & skilled human resources, stable socio-political environments, transparent administration which are the basic needs in the industrial development.

Moreover, the affordable cost of infrastructure, strong agricultural base, powerful and dynamic rural sector having Panchayat administration and rich cultural heritage make West Bengal investor friendly in all respect. West Bengal also has geographical advantage with respect to marketing and export. Govt. of West Bengal has been rendering all possible assistance with emphasis for growth.

West Bengal, being an agrarian State, offers tremendous potential for agri-business, with fertile soil, excellent agro-climatic zones and aggressive land reform programmes. The substantial growth in the agricultural sector provides the necessary base for accelerated industrial development in the State.

Besides, advantages like dedicated cooperation with the investors, establishment of world class financial institutions and harmonious labour relations, provide the necessary climate, strength and confidence in the process of promoting industrial development in the State.

Being the fourth largest growing State in India, West Bengal is the second largest recipient of investment in the country. It has been receiving a number of investments in the iron and steel, chemicals, plastic, information technology and biotechnology sector. Of these, the tremendous potential for investment opportunities exists in the information technology and tourism sectors, which have huge employment and export avenues.

The State has achieved significant improvements in the urban infrastructure scenario with reference to water supply, sanitation, education, health, restructuring connectivity, real estate, etc. It has proper transportation system; efficient and high quality power at competitive rates; and sound telecom network.

Bengal: On the Highway to Tourism Boom
  • Total length of Roads at a stupendous 2,11,770 km.
  • Present Road Density higher than National Average.
  • West Bengal boasts Across-the-Spectrum Natural Diversity: With hills and the Dooars in the North, the laterite landscape and the Gangetic Delta in the Central Region, and the seas in the South, West Bengal has a near representation of the entire world.
  • West Bengal is a veritable cultural and demographic mosaic. From the Gurkha and Lepcha tribals in the North to the ancient tribals, like the Santhals, the Oraons and the Mundas in the West, West Bengal is a demographic paradise. It has the prized inheritance of various folk traditions. It boasts the Bauls in Birbhum, the Fakirs in Nadia and ancient Chhou traditions in Purulia.
  • It prides itself on some magnificent Islamic architecture in Gour, Malda and terra cotta masterpieces in districts of Bardhaman and Bankura.

To assist the investors in setting up industries in West Bengal, the Government of West Bengal has launched Shilpa Sangi where an investor can submit a Common Application Form in the Single Window Cell at WBIDC.

Initially, in Phase-I, the facility of Shilpa Sangi will be available to investors, who want to set up medium and large industries in Kolkata, Howrah, Hooghly,South24-Parganas and North 24-Parganas districts.Shilpa Sangi will assist investors to apply in Common Application Form (CAF), to obtain licenses and registration from relevant important State Government departments from a single place which are listed below.

Department/Directorate License / Registration
Directorate of Factories, Labour Department
Factory Licence
Shops & Establishment Directorate, Labour Department
Shops & Establishment Registration
Fire & Emergency Services Department
N.O.C.
Pollution Control Board
Consent to Establish
WBSEDCL
Power Connection
CESC
Power Connection
Irrigation & Waterways Department
Water Connection (Surface Water)
Kolkata Municipal Corporation/Municipalities
Trade License/Certificate of Enlistment

For the above purpose a Single Window Cell (SWC) has started functioning in the office of West Bengal Industrial Development Corporation Ltd (WBIDC). Officers of the above departments will sit in the Single Window Cell at designated days of the week. They will receive the Common Application Form and related documents and will issue relevant Licenses / Registration after observing necessary legal and procedural formalities according to relevant Acts and Rules. In Phase-II the investor will be able to submit the Common Application Form on-line in the Shilpa Sangi and get all licenses and registrations on- line. An on-line tracking system of status of the on-line application will also be available in the G2B portal developed for the purpose with IT infrastructure in the State Data Centre. In Phase-III, the State Shilpa Sangi will migrate to the eBiz, the Single Window Facility being developed by Department of Industrial Promotion and Policy, Ministry of Commerce and Industry, Government of India, which aims to cover all Central and State government departments which issue licenses and registrations required for setting up an industry in India.

Bengal Beckons
Gateway to South East Asia
Shares international frontiers with Bangladesh, Nepal and Bhutan
Two major international ports – Kolkata and Haldia
A large domestic market and gateway to North-East region
Hinterland consisting of mineral rich states of Bihar, Jharkhand and Odisha
Resources / Inputs
Ample Skilled & Cost Effective Human Resources
Flexible Labour Market
Healthy Labour Relations
High Availability of Raw Materials & Natural Resources
Regulatory Frameworks
Easy Procedure for Entry & Exit of Firms
Proper Industrial Regulation, Labour Regulation & Other Government Regulations
Certainity about Rules & Regulations
Good Situation of Security, Law & Order
Incentives to Industry
Tax Incentives & Exemptions
Investment Subsidies & Other Incentives
Availability of Finance at Cost-effective Terms
Incentives for Foreign-Direct-Investments (FDI)
Good Profitability of the Industries
Physical & Social Infrastructure
High Quality Physical Infrastructure viz. Power, Water, Roads etc.
Good Condition of Information Infrastructure viz. Telecom, IT etc.
Superior Social Infrastructure such as Educational & Medical facilities
Advantage Bengal
State’s road density higher than national average, National & State Highways – over 2,11,770 kms.
One of the best rail networks in the country – over 4,162 route kms.
International Airport at Kolkata and Domestic Airport at Bagdogra
Over 580 Mbps of International Satellite Connectivity
15,000 route kms Optical Fibre Network
Leading producer of energy in the Eastern region with an installed capacity of 10,210.9 MW.
Electricity Generation – 50,940.4 MU.
   
Bengal-The Obvious Destination for Investment
West Bengal is a key State of India. Recent observations from the Central Statistical Organization show that from 2013 the State's GDP grew by 8.62% where as the nation's was 4.7%. Industry-wise too the growth has been phenomenal - 8.74% while India's grew by a mere 0.4%. The rise for Agriculture and Service Sectors have been equally impressive. Also, capital expenditure has grown by 44%, indicating that massive investments in infrastructure.
  • Low cost of doing business
  • Abundant water and waterbodies
  • Gateway to NE India and to SE Asia; shares boundary with three countries
  • Road/rail/air connectivity, 3 airports - Kolkata, Bagdogra, Durgapur & 2 sea ports - Kolkata and Haldia; chopper services; waterways; huge fleet of inter-city luxury buses
  • A new town at Rajarhat: the new destination for financial services, urban infrastructure, housing, business capital, etc.
  • A leader in MSME-highest investments in the sector in the country during 2012-13 and 2013-14
  • One of the major textile hubs of the country - garment, hosiery, handloom, khadi, silk
  • Headquarters of many major banks, Public Sector Undertakings and big business houses
  • Unique tourist destinations : the Himalayas, the Dooars, Tea Gardens, forests and wildlife, sea beaches; rich cultural and religious heritage
  • Adequate skilled human resource:Skill development; technical human resource : 225 ITIs and 140 Polytechnics
  • Highest producer of vegetables in the country; among the highest in rice and fruits, tea; largest producer of fish
In this regard, the State has made several policy announcements, from time to time. These policy documents envisage the incentives and schemes for the investors. The Government sincerely seeks to remove various road blocks in the industrial development of the State.
West Bengal is now becoming the home for Dynamic Industrialists and Business Entrepreneurs. Time has come to explore the unlimited possibilities in the State of West Bengal.
     
Contents provided by the Commerce & Industries Department, Government of West Bengal
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