BGlobaEl BusNinessG SumAmit 2L015 Roadmap: Positioning Bengal as 's Leading Investment Destination

The MAP depicted is only a pictorial representation of State of and does not purport to be the political map of West Bengal and is not drawn to scale

Bengal-Global Business Summit 2015 TITLE Roadmap: Positioning Bengal as India’s Leading Investment Destination

YEAR January 2015

AUTHORS YES BANK

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Contents

Section 1 6 - 12 1. West Bengal - State Profile 6 2. Advantage West Bengal 8 3. Proposed Industrial Corridor 11 4. Physical Infrastructure Overview 12

Section 2 13 - 37 1. Focus Regions 13 2. Focus Sectors 17 3. Way Forward 33 West Bengal – State Profile

14th largest in India; Area 88,752 sq.km 2.6% of India’s land area, 20 Districts

Capital City Kolkata 9th most populous city in India

Population (2011 census) 9.13 Crores 4th Largest in India

1,029 persons per Higher than the National Average - 382 Population Density sq.km persons per sq.km

GSDP in 2013-14 (Constant Prices of 2004-05) INR 378, 687 Crores 6th in India

Per capita Income in 2013-14 (Constant prices INR 37,511 Crores 21st in India of 2004-05)

Urbanization (Census 2011) 31. 87% 19th in India

Human Development Index 0.492 13th in India

Literacy Rate (Census 2011) 76.26% 20th in India, All India 74.04%

% of persons below Poverty (2011-12) 19.98% 15th in India, All India 21.92% Source: Planning Commission, Census 2011, United Nations Development Programme (UNDP), wbcmo.gov.in

6 BENGAL – Global Business Summit 2015 West Bengal – State Profile

Comparison with Key States Parameters Maharas- Uttar Andhra Gujarat Tamil West Karnataka htra Pradesh Pradesh Nadu Bengal

Area (sq.km) 307,713 240,928 160,205 196,024 130,058 88,752 44,212

Population (Census 2011) 11.2 19.9 4.9 6.0 7.2 9.1 2.5

No. of districts 35 71 13 26 32 20 21

Total GSDP in 2013-14 at constant prices of 897,786 468,271 250, 282 427,219 480, 618 378,687 198,858 2004-05 in Rs Crores

Primary Sector Contribution 8% 21.9% 23% 11% 7% 22.2% 15%

Secondary Sector Contribution 28% 21.5% 21% 39% 29% 17% 28%

Tertiary Sector Contribution 64% 56.5% 56% 50% 64% 60.8% 57%

Urbanization as per Census 2011 0.45 0.22 0.30 0.43 0.49 0.31 0.35

Human Development Index (HDI) as per # 0.572 0.380 0.473 0.527 0.570 0.492 0.552 HDI Report 2011 for 2007-08

Cumulative FDI Equity Inflows from April 329,552 1,979 45,650# 47,867 77,426 13,753 6,332 2000 - September 2014 (Share to India) (30%) (0. 2%) (4%) (4%) (6%) (1%) (0. 6%)

West Bengal GSDP (2013-14) - INR 378,687 Crores (2004-05 Constant Prices). YoY - 7.71%; 10-Yr CAGR (2004-05) – 6.14% # Indicates the cumulative value of erstwhile Andhra Pradesh Source: Planning Commission, Census 2011, RBI, India Brand Equity Foundation (IBEF), UNDP, West Bengal State Economic Review, 2013 , wbcmo.go.in

BENGAL – Global Business Summit 2015 7 Advantage West Bengal

Strategic Location 9 The State has a strategic location due to proximity to the vast markets of Eastern, North- Eastern and Northern India, as well as access to the ASEAN and SAARC region

Knowledge Hub of India 9 One of the largest school-age population in the country 9 Rich technical talent base of 225 ITIs and 140 Polytechnics 9 Presence of prestigious Institutions such as IIT, IIM, amongst others

Abundant Natural Resources 9 Largest State in terms of Jute prodiduction 9 Largest producer of Rice 9 2nd largest producer of Potato 9 2nd largest Tea producing State 9 3rd largest State in terms of Mineral production

MSME hub of India 9 Highest investments in the country consecutively for 2012-13 and 2013-14 9 One of the major Textile hubs of the country including Garment, Hosiery, Handloom, Khadi and Silk

Source: IBEF, Industrial Policy of West Bengal , Report on 3 years of the West Bengal Government

8 BENGAL – Global Business Summit 2015 Advantage West Bengal

Amongst top 6 States in India 9 Contributed nearly 7% to the economy of the country in 2012-13

Important Tourist Destination 9 Domestic tourist arrivals - 9th highest in the country (2013) 9 Foreign tourist arrivals - 6th highest in the country (2013)

Well-developed Infrastructure 9 Good connectivity through Road, Rail, Air and Water modes of transport 9 3 Airports, 2 Sea ports and Chopper services are currently operational

Part of proposed Industrial Corridors 9 Dedicated Eastern Freight Corridor 9 Kolkata - Amritsar Industrial Corridor

Power 9 West Bengal is a power surplus State 9 99.99% of villages are electrified

Source: Planning Commission, CARE Ratings, Ministry of Tourism, MoFPI

BENGAL – Global Business Summit 2015 9 Amritsar-Delhi-Kolkata Industrial Corridor

National Highway No. 2

Asansol-Durgapur Belt • Heavy Industries hub of WB • Export Promotion Industrial Park • Proximity to Iron & Steel, Coal and Power prodiducing zone • Bengal Aerotropolis Project • Durgapur to be developed as Smart City

Proposed Key Projects • Multi Facility • INR 5,000 Crore Matrix Fertilizer Healthcare Plant of the Essar Group Infrastructure • Industrial Park spread over 1458 • Setting up a acres Knowledge City

• Financial hub of Eastern India • Several SEZ regions and IT parks

Upcoming Amritsar-Delhi- Kolkata Industrial Corridor

Sources: YES BANK Analysis, WBIDC, GoWB Urban Development Department Image Sources: Google Map, January 4, 2015

The MAP depicted in the report is only a pictorial representation of State of West Bengal and does not purport to be the political map of West Bengal and is not drawn to scale. 10 BENGAL – Global Business Summit 2015 Proposed Industrial Corridors

Eastern Dedicated Freight Corridor (EDFC) Amritsar-Delhi-Kolkata Industrial Corridor (AKIC)

9 Length of corridor – 1,839 kms 9 Area covered on the length of corridor: 150 -200 km on e ither s ide o f EDFC 9 States Covered – • Haryana, Punjab, Uttar Pradesh, 9 The project to be developed on either side of Jharkhand and West Bengal Eastern Dedicated Freight Corridor • And al an d Dank uni in Wes t Bengal 9 States Covered – • Punjab, Haryana, Uttarakhand, Uttar 9 Projected to cater traffic for - Pradesh, Jharkhand, Bihar and West • Coal, Steel, Food Grains, Cement, Bengal Fer tilizers, Limes tone an d Genera l goo ds • Asansol, Durgapur and Kolkata in West Bengal 9 Status of Project – • At least one Integrated Manufacturing • Under progress Cluster of 10 sq.km. to be set up in each of the 7 States

9 Status of Project – • Establishment of AKIC Development Corporation under progress with a equity base of INR 100 Crore

Source: Dedicated Freight Corridor Corporation of India (DFCCIL), pib.nic.in

BENGAL – Global Business Summit 2015 11 Physical Infrastructure Overview

Roads & Rail 9 Extensive Road network: 299,209 km including - National Highways and State Highways 9 Road density (per 100 sq. km) - ~103.69 km (> National Average) 9 Golden Quadrilateral Project will pass through the Northern Districts of the State 9 Total railway route ~4,000 km 9 Metro projects in various urban areas are under implementation

Air 9 3 Airports in the State include 2 Domestic Airports at Siliguri and Behala and an International Airport at Dum Dum 9 Bengal Aerotropolis Projects Limited is developing India’s first airport city at Andal near Durgapur at a cost of around INR 13,200 Crore 9 Kolkata Airport won the Best Improvement Category Award in Asia Pacific Region under The Airport Service Quality Awards

Ports 9 The State has 2 major Ports located at Kolkata and Haldia 9 DP World is developing a Greenfield container terminal on the East bank of Hooghly river in Kulpi at a project cost of INR 1,590 Crore 9 The State Government has recently approved INR 8,400 Crore for the Sagar Port Project

Telecom 9 Teledensity - ~69.72% 9 Wireless connections - ~ 4.2 Crore; Wire-line connections - ~ 5 Lakh

Power 9 Surplus power growth - ~ 15 - 20% 9 Power connections - ~ Over 1 Crore; Zones - ~ 5 Source: IBEF, Telecom Regulatory Authority of India, WBIDC

12 BENGAL – Global Business Summit 2015 Focus regions

2 1 Kolkata is fu lcrum o f development

3

Source: http://www.indiaprofile.com

The MAP depicted in the report is only a pictorial representation of State of West Bengal, districts of West Bengal and neighbouring states of West Bengal and do not purport to be the political map of West Bengal and its neighbouring states and is not drawn to scale. BENGAL – Global Business Summit 2015 13 Focus Region 1 – Siliguri

Gangtok, Sikkim

North Eastern States District

Delhi, Lucknow and Patna 430 Kms 564 Kms Guwahati, Assam Siliguri

Kolkata Prospects 9 Siliguri to be developed as a Smart City 9 A Tourism hub with an active and growing presence of IT & Manufacturing industry 9 Integrated Industrial hub is being developed at Jalpaiguri region under Public Private Partnership (PPP) 9 World Heritage Site - Darjeeling Himalayan Railway 9 Potential for Agro-based industries, Fruits Processing and Preservation, and Organic Farming 9 Proximity to Nathu-la Pass Trade Route 9 State Government has recently announced to develop new road connecting Siliguri with Bangladesh, Nepal and Bhutan at a project cost of INR 1,400 Crore

Source: West Bengal Industrial Development Corporation Limited (WBIDC), PwC Report, www.flags.net

14 BENGAL – Global Business Summit 2015 Focus Region 2 – Kolkata- Durgapur-Asansol

Key locations The Eastern Dedicated Freight Corridor is proposed 9 Kolkata - Highest contribution to the State along the National Highway (NH) 2 GSDP. Presence of 986 registered industrial units and 14 industrial areas 9 Howrah – Presence of 3,049 registered industrial units and 11 industrial areas 9 Hooghly – Jute industry hub of the State 9 – Mineral hub of the State

Enablers 9 Durgapur Aerotropolis will be India’s first Aerotropolis project. Developed by Bengal Aerot ropoli s PjtProjects Ltd. in associati on with Singapore’s Changi Airports International. 9 Durgapur to be developed as SMART CITY 9 Major industries in the region include: • Aluminum/Iron and Steel/Mining/Petrochemicals/Agro based industries/Locomotives 9 Presence of skilled manpower around the region: • 17 Engineering colleges • 2 Deemed universities • 18 Polytechnics Source: West Bengal State Economic Review 2013, West Bengal Industry Report 2013 , Official Website of Bengal Aerotropolis Projcets Limited

The MAP depicted in the report is only a pictorial representation of State of West Bengal, districts of West Bengal and neighbouring states of West Bengal and do not purport to be the political map of West Bengal and its neighbouring states and is not drawn to scale. BENGAL – Global Business Summit 2015 15 Focus Region 3 – Haldia

Prospects National Highway (NH) 6 connects port city of 9 Haldia is known as Industrial Capital of Haldia at Kolaghat West Bengal 9 5th Largest Port in India 9 Petrochemical hub 9 Marine Gateway to Bhutan and Nepal 9 Mitsubishi Chemicals has the 2nd Largest Terephthalic Acid Producing Plant 9 Power company CESC is set to commission a INR 4,600 Crore Thermal Power Plant in the region 9 Major industries in Haldia include: • Agriculture and allied • Port related activities • Petro-chemicals • Fertilizers

State Government has also announced special support for restarting chemical and fertilizer units in the State

Source: HDA website, ICARE website , CESC Website, Google Map The MAP depicted in the report is only a pictorial representation of India and does not purport to be the political map of India and is not drawn to scale. 16 BENGAL – Global Business Summit 2015 Focus Sectors

Urban Infrastructure & Housing Financial IT Software Services & Hardware

Hospitality, Food Processing, Tourism & Horticulture & Entertainment Floriculture Focus Sectors

Power & MSME & Energy Textiles

Healthcare, Manuf ftiacturing Educati on & Skills

BENGAL – Global Business Summit 2015 17 1. Manufacturing

Key Statistics Prospects 9 9.95% - Contribution to GSDP (2004-05 Prices) 9 Mega Industrial Corridors proposed: valued at INR 37, 693 Crore in 2013-14 Amrit sar – Delhi - Ko lka tacircu it /East ern Dedicated Freight Corridor 9 10% of India’s GDP - Contribution of manufacturing sector to GDP in 2012 9 2 Electronic System Design and Manufacturing (ESDM) clusters are proposed 9 39% - Share of manufacturing sector in the total at Falta in South 24 Parganas and Naihati in outstanding investments of INR 650.4 Crore in North 24 Parganas 2013-14 9 INR 851.68 Crore mega ppjroject ppproposed for 9 60% - Share of EtEastern Indi a’ s engiiineering developing sponge iron unit and another INR goods export 600 Crore project for manufacturing steel in Purulia 9 Leading destination for Basic Metals, Coke and Petroleum Products, Leather, Food, Textile, 9 Sector specific IdIndustri ilal PkParks are operatilional Electric Equipments and Non-Metallic Mineral in Kolkata, Howrah, Bardhaman, West products Mednipur and North 24 Parganas New Industrial Policy 2013-18 • Aime d at promoting MSMEs 9 Several Industrial parks and SEZs are • Focus to increase the manufacturing growth proposed rate to 20% in next 5 years zSour Source: RBI, ASI Report, Industrial Policy of West Bengal, West Bengal Industry • Special thrust to women entrepreneurs Report, 2013, GoWB Report on ‘Destination for Electronics Industry’

18 BENGAL – Global Business Summit 2015 2. MSME & Textiles

Key Statistics Prospects

9 35,000 MSME units added in last 3 years giving 9 The State Government has recently approved direct empltloyment to 3 la kh and in direc t a projtject for setting up an itintegra tdted Tex tile employment to 10 lakh Park at Belur with an investment of INR 1,410 Crore 9 Credit disbursement increased to INR 21,800 Crore in FY 2013-14 from INR 10,400 Crore in 9 ‘Silpa Sathi’ - a Single Window cell has been 2012-13, which is a 108% growth introduced 9 2nd Rank in terms of enterprises (36.64 lakh) and employment (85.78 lakh) among Indian states 9 The State Government will set-up a land bank and sector specific industrial estates for the 9 Leadi ng desti nati on for AAgro-bdbased Ind ust tiries, MSME sector Textile, Handicraft and Sericulture 9 MSME Policy, 2013-18 83 group approach projects and 39 handloom cluster development projects are operational • ElEmployment generation ~1 Crore in next 10 years Textile Policy, 2013-18 • Collaboration with the industry to provide 10 • Increase the sector’s contribution to 10% of the Lakh skilled resource over a period of 5 years State GDP by 2022-23 from 5.2% presently • Focus on the backward districts like Birbhum, • Focus on Spinning Mills, Yarn Procurement, Purulia and Bankura Handloom, Powerloom, Hosiery and Garment sector

Source: CARE Ratings SME Digest report, Government of India MSME website, Government of West Bengal MSME website, Economic Review of WB, 2013, aitcofficial.org

BENGAL – Global Business Summit 2015 19 3. Financial Services

KOLKATA – FINANCIAL CAPITAL OF THE 9 Regional Financial Centre: Kolkata to be developed as EAST & N.E. INDIA a Regional Financial Centre (RFC) for the East and North East region for sequentially scaling up into an 9 EPICENTER of Commercial and Financial Services during British times. International Financial Centre (IFC) and Global Financial Centre (GFC) 9 Overall economic growth in India needs to 9 Manufacturing and Exports: As the anchor to be more inclusive and equitable economic growth, Kolkata will contribute towards 9 Aglance at the major economic centres in industrial growth in its catchment “area of influence” India indicates it has been skewed as also in the wider hinterland 9 Transportation, Trade & Industrial Infrastructure: 9 KOLKATA - Ideally positioned as a major Economic Centre in East. World Class infrastructure within the city and easy connectivity across the region through industrial and 9 ANCHOR of growth in the region as the freight corridors. PORT driven development of ECONOMIC CAPITAL of EAST and Kolkata to re-emerge as a major Trade centre NORTH EAST India. 9 Tourism & Media: Kolkata with potential to emerge 9 Con tr ibu tion to NATION BUILDING as the Tourism & Media capital of the country with and ECONOMIC SECURITY inherent strengths and local talent

9 The State should develop focus on attracting leading Financial Institutions and Global Organisations from the Financial Sector

9 With high cumulative domestic debt, the state has to realize its revenue potential and revive the ancient glory of the State. The state revenue has increased significantly to almost double in the last 3 years

20 BENGAL – Global Business Summit 2015 4. Education & Skills

Key Statistics Prospects

9 INR 7,776.45 Crore – Budget allocation 9 MoU signed with IL&FS to develop a centre of (2014-15) for Education and Skill excellence for skill development in Bardhaman development district

9 76.26% Literacy Rate 2011, (National average 9 New colleges recommended in 2013-14: 5 General 74.04%) Degree Colleges, 2 Self-financed Colleges, 35 B.Ed Colleges and 1 Law College 9 77.69% Gross Enrolment Ratio in school education (Class I-XII) 9 80 new ITI’s and 32 new ppyolytechnic colleges approved - this will help in narrowing the skills gap required for Industrial development 9 State has 2 Central Universities; 18 State Universities; 5 Specialized Universities; 3 State - Private Universities, 1 Deemed 9 Proposed 60 general degree colleges and 75 new University, 14 Institutes of importance, 13 integrated residential schools in economically Research and autonomous Voluntary backward districts organizations 9 The State can be the Education hub for Eastern and 9 981 higher education institutes accredited North-Eastern India under various universities

Source: Annual Report West Bengal State Council of Higher Education

BENGAL – Global Business Summit 2015 21 5. Healthcare

Key Statistics Prospects

9 INR 2,211.06 Crore - Budget allocation (2014- 9 1st Health City project in the State is being set up 15) for Health & Family Welfare at Bardh aman with ittinvestment of INR 1,316.4 Crore 9 33 - Infant Mortality Rate (National 40, Kerala 12) 9 Emergence of healthcare chains focused on providing qualitquality and affordable secondarsecondary care 9 40 - Child Mortality Rate (Kerala 14) 9 Increased focus on Preventive Healthcare in 9 58% - Shortfall in availability of PHCs light of higher incidence of Non-Communicable Diseases 9 35% - Shortfall in availability of CHCs 9 40 Super/Multi Specialty Hospitals, 4 Medical 9 87% - Shortfall in total Specialists at CHCs Colleges, 47 Fair Price Diagnostic Centres - to be set-up under PPP model 9 117 - Maternal Mortality Rate (Kerala 66) 9 AIIMS like super specialty hospital to come up 9 70% - In-patients are treated in Government at Kalyani hospitals (as against national average of 40%)

Source: Rural Health Statistics, 2012; West Bengal Government; Website, nrhm.gov.in, mospi.gov.in

22 BENGAL – Global Business Summit 2015 6. Power & Energy

Key Statistics Prospects

9 8,958.8 MW - Installed Power generation 9 30.12 lakh BPL consumers have been capacity provided electricity in 2012-2013

9 6,407.46 MW - Under State Utilities, 1,374.57 9 MW - Under Private Sector & 1,176.79MW - Plan to establish a 250 MW PV plant worth Under Central Utilities INR 2,190 Crore

9 West Bengal State Electricity Board services 9 INR 5,37.6 Crore contract by Damodar Valley 1 Crore consumer; 5 Zones; 17 Regional Corporation for construction of a 1,200 MW Offices; 53 Distrib ut ion Divi si ons; and 464 Thlhermal Power Project at Raghhhunathpur in Customer Care Centers

9 250 MW - Power export to Bangladesh 9 Expected growth in hydro-power cappyacity at CAGR of 10.73% during 2014-2020 9 West Bengal is a Power surplus State

9 West Bengal State Electricity Distribution Company Limited (WBSEDCL) has identified potential to develop 6,300 MW of hydropower

Source: CEA, IBEF, wbpcb.gov.in

BENGAL – Global Business Summit 2015 23 7. Hospitality, Tourism & Entertainment

Key Statistics Prospects 9 INR 400 Crore project to develop tourism 9 INR 223 Crore - Allocated for Tourism sector infrastructure in the Sunderbans region on a as per the State budget of 2014-15 PPP model 9 72% - Occupancy for Kolkata, the best 9 Identified location at Gajoldoba in Jalpaiguri performing hotel market for FY 14 district to build a Mega Tourism Project 9 6th highest share of Foreign tourist arrivals in FY 13 9 New tourism policy is expected to roll out in 9 Location advantage – well connected with January, 2015 other parts of the country and also internationally. The presence of a hill station 9 Identified Buddhist sites could be potentially as well as beaches add to its advantage leveraged to attract Buddhist population of Southeast Asian Countries 9 PPP – State has outlined over INR 4,200 Following circuits have been identified in West Bengal for integrated Crore worth PPP projects for the Tourism development: sector Circuit 1: Beach Tourism Circuit in Purba Medinipur: Digha – West Bengal Tourism Policy 2008 Shankarpur – Tajpur – Junput – Mandarmani • To improve the market share of West Bengal in the Circuit 2: Pilgrim Tourism Circuit: Ganga Sagar – Birbhum (Tarapeeth – inbound international tourism segment and also to have a Bakreshwar – – Fullura – Saithia – ), , dominant share in the domestic tourism market Furfura Sharif • To promote responsible and sustainable tourism through Circuit 3: Nature Tourism Circuit: Duars and Darjeeling Circuit the integrated development of infrastructure and not sporadic, stand alone and fragmented development Circuit 4: Sunderban Circuit: Gad Khali, Jharkhali, Kohikhali, Frazer Island Source: CEA, IBEF, aitmc.org

24 BENGAL – Global Business Summit 2015 Case Study: Sunderbans Community based Tourism Roadmap for Sunderbans by YES BANK for Department of Tourism, Government of West Bengal (DoT, GoWB)

Background 9 YES BANK was mandated by Department of Tourism, Government of West Bengal for Preparation of a Tourism Roadmap report for the Sunderbans in the State of West Bengal 9 It has outlined a plan for Tourism development in the Sunderbans region with the objective to identify enablers for establis hing the regiion as a fdfavoured didestinati on for travellers across the world

Project brief 9 The study attempted to access the present status of tourism in the Sunderbans to develop a roadmap to bridge the existing gap for future development 9 Key focus areas of the assignment are: • Tourism growth potential and its impact • Strengths and opportunities for tourism development • Current Status of development and growth challenges • Agenda for tourism development • Framework for development of Community Based Tourism including identification of suitable clusters Source: http://www.intechopen.com

The MAP depicted in the report is only a pictorial representation of State of West Bengal and Bangladesh and do not purport to be the political or International map of West Bengal or India or Bangladesh and is not drawn to scale. BENGAL – Global Business Summit 2015 25 Case Study: Sunderbans Community based Tourism Roadmap for Sunderbans by YES BANK for Department of Tourism, Government of West Bengal (DoT, GoWB)

Source: YES BANK - NEWS

The MAP depicted in the report is only a pictorial representation of State of West Bengal and does not purport to be the political map of West Bengal and is not drawn to scale. 26 BENGAL – Global Business Summit 2015 8. Urban Infrastructure & Housing

Key Statistics Prospects

9 13.3 lakh Housing shortage as per the 12th Five 9 Growth axes corridors identified: Year Plan • Kolkata-Siliguri 563 Km corridor • Kolkata-Raghunathpur 247 Km corridor 9 31.87% Population resides in urban areas (National figure ~ 31. 15%) 9 Monorail coming up connecting Ultadanga- Salt Lake Sector-New Town 9 Ko lka ta is 6th most livabl e citity of Indi a 9 Cargo and cruise services along National 9 Asansol ranked 11th fastest growing city in Waterway India and the world's 42nd fastest growing urban centre 9 6 Upcoming Smart Cities; 3 new urban cities identified; and 10 urban centers to be 9 INR 276 Crore - Project on Bus Rapid Transit upgraded to modern contemporary standards System implemented by Kolkata Metropolitan Development Authority 9 1.51 lakh dwelling units approved under Integrated Housing and Slum Development 9 73 Urban Local Bodies (ULBs) including Programme 2005 Kolkata Municipal Corporation have introduced e-Governance system 9 1,172 dwelling units approved under Rajiv Awas Yojana, Slum Eradication Programme 9 INR 75.30 Crore towards digitization of land

records in the State. 21% of the funds have Source: IBEF, West Bengal Housing Board, Planning Commission, Jawaharlal Nehru been utilized till June 2014 National Urban Renewal Mission (JnNURM)

BENGAL – Global Business Summit 2015 27 9. IT Software & Hardware

Key Statistics Prospects

9 2.6% Contribution to India’s software turnover 9 The State Government has started work on (2012) the 13 proposed IT parks in Tier-II cities such as Durgapur, Siliguri and Haldia 9 INR 11,160 Crore Value of West Bengal IT Exports in 2013 9 West Bengal plans to raise its share of country’ s IT exports to 25 % from 3% 9 1.30 Lakh Employment in IT Sector (2013-14) currently

9 14 IT/ITeS based SEZs with formal approval as 9 2 Greenfield Electronics Manufacturing on July 2013 Clusters (EMCs) at Naihati and Falta

9 Proposed Investment in IT Sector – ICT Policy, 2012 INR 2,486 Crore 9 Aimed to become one of the top 3 States in India in terms of employment generation and turnover 9 Cognizant Technology Solutions started in IT & ITeS sector by 2020 working on the second phase of expansion at Bantala, Kolkata, at an estimated cost of 9 Target to achieve 15% share on electronic goods INR 250 Crore production of India by 2020 9 Focus on development of incubation centres in Tier II and Tier III cities Source: IBEF, State Budget, West Bengal Vision Document, bengalglobalsummit.com

28 BENGAL – Global Business Summit 2015 10. Agriculture

Key Statistics Prospects

9 West Bengal is the largest producer of vegetables in 9 Ample availability of agri and allied raw material, India accounting for around 19% of the total such as fru its, vege ta bles, sea fdfood, poultrltry production and one of the leading fruit producers in India 9 Multiple agro-climatic zones and abundant supply of water and fertile soil – key factors of 9 The Sta te isalso major producer of fish ,shihrimps and production poultry in India

9 Floriculture Parks and Agri Export Zones 9 The State is the leading producers of cut flowers in (pineapple, mango, litchi, vegetables, potato and In dia, prodiducing 250 Crore pieces wihith flori cul ture flowers) are proposed in the State for inducing industry witnessing the highest CAGR of over 597% efficiency in supply chain and exports between 2007-08 and 2011-12 9 Ready availability of skilled and cheap labour 9 Export of flowers including cut flowers from the State force was valued at INR 19.74 Crores against 14.29 lakh kg of flowers during 2012-13 9 Location is ideal for catering to large domestic markets and easy access to markets of Asia Pacific 9 Total milk production in West Bengal during 2012-13 – Nor th EtEast and neiighb hbori ng countitries of NlNepal, was 4.9 MT which accounted for around 4% of the Bhutan, Bangladesh and Myanmar total India production Source: National Horticulture Board, DGCIS, dahd.nic.in

BENGAL – Global Business Summit 2015 29 Food &Vegetable Maps of India and West Bengal Joint initiative by YES BANK and Ministry of Food Processing Industries, GoI

The MAP depicted in the report is only a pictorial representation of State of West Bengal and does not purport to be the political map of West Bengal and is not drawn to scale. 30 BENGAL – Global Business Summit 2015 Key Government Policies

West Bengal Policy on Information & Communication Technology 2012

9 To become one of the leadi ng stttates in Indi a in IT & ITeS and Elec tron ic StSystem DiDesign and Manufacturing (ESDM) sectors and to enable West Bengal to transform into a knowledge-driven welfare society with extensive use of IT & ITeS in governance and in daily lives of pppeople of the State

Special Economic Zone Act (SEZ) 2003

9 To facilitate development, operation, maintenance, management, administration and regulation of Special Economic Zones in the State

West Bengal Biotechnology Policy 2012 (Draft)

9 To bring in related industries and services of this growth industry, geared to revenue streams and payback, and appropriate business model 9 To map, conserve and sustainably use bio-resources, particularly those which are unique to the State

BENGAL – Global Business Summit 2015 31 32 BENGAL – Global Business Summit 2015 WAY FORWARD

BENGAL – Global Business Summit 2015 33 Way Forward

Manufacturing & MSME

9 Redistributing growth for all regions of the state, especially the lesser developed i.e. Purulia and Bankura 9 Dedicated National Investment and Manufacturing Zones (NIMZs) to address land acquisition and infrastructure to improve industrial productivity 9 Introduce labour reforms for achieving maximum industrial output 9 Adopt Make in West Bengal as a mission to boost the manufacturing sector of the State 9 Introduction of Single Window clearance; Infrastructure creation and Land Bank 9 Development of Integrated Logistics Hub around Industrial areas and transit points 9 Support start-ups to access easy loans and open incubation centres in the State in collaboration with corporate sector 9 Establishment of Centres of Excellence for product and design development 9 Create an Electronics Policy for the State

34 BENGAL – Global Business Summit 2015 Way Forward

Hospitality, Tourism & Entertainment

9 Rationalize approvals & taxes in the Tourism sector both for hospitality as well for other mega projects. 9 Develop green-field Mega Entertainment Zones 9 Launch a high-impact marketing campaign that creates lasting impression and ignites a desire to visit the State 9 Tourism Development to align with proposed industrial clusters: Around Amritsar-Kolkata Industrial Corridor and other industrial clusters 9 Promote Inland water cruises and luxury cruises to Andaman and also South Asian/SE Asian countries 9 Set-up a State Eco-tourism Board and Create Eco-Tourism policy for management of eco-sensitive areas in the State and development of Community Tourism

UbUrban IfInfrastructure and HiHousing

9 Build capacity of Urban Local Bodies (ULBs) in research, planning , project management, human resource development and bring transparency 9 Strength en Fiscal Standi ng of ULB throug h idimproved revenue collecti on 9 Complete digitization of all land records 9 Land-use planning to ensure productive utilization of land and FAR basis affordability and scalability 9 Engage community based NGOs for slum development programs in Urban Areas 9 HOUSING for ALL - Create Affordable Housing Policy for the State for ppgromoting PPP for Affordable Housing 9 Improve Road and Air connectivity to all parts of the State and revamp the ancient inland waterways for transportation of goods and services 9 Conservation of Urban Heritage and Culture and better recreational facilities to improve quality of life

BENGAL – Global Business Summit 2015 35 Way Forward

Healthcare

9 Need for strengthening Public health infrastructure and qualified human resources availability 9 To increase healthcare spend to ~1% of GSDP from ~0.6% currently, over the next five years 9 Need to develop conducive environment and evolve a PPP based model for greater availability of high end tertiary care 9 To be a first mover in technology driven healthcare interventions including Telemedicine, Health Management Information System (()HMIS) and implementation of National Electronic Health Standards 9 With presence of Pharma/Biotech firms, focus to increase on R&D facilities

Education and Skills

9 West Bengal to be developed as the Research & Development hub of India 9 Encourage corporates to create INCUBATION CENTERS, IT facilities, Innovation Hubs, Entrepreneurship Cells and Scientific Labs in Higher Education Institutions 9 PPP in Education - Education Service Delivery/ Skill Developp/ment/ Professional & Support Services/Infrastructure Initiatives 9 Inter-connecting institutions through ICT to achieve seamless sharing of knowledge and resources in elementary as well in higher education 9 Maximize Industry-Academia linkage for skill development and industry ready professionals 9 Academic and Administrative Audits through External Experts for ensuring education standards

36 BENGAL – Global Business Summit 2015 Way Forward

Agriculture and Allied sectors

9 Focus on specific commodities for processing: Mango, Guava, Pineapple, Litchi, Banana, Radish/Carrot, Tomato, Potato, Fis h/Sea fdfood, Rice, PlPoultry, Dairy 9 Strategic locations in State to be developed as hubs for warehousing, cold chain, grading & sorting, processing for value additions, and packaging for products 9 Establishment of network of modern markets for farmer participation in the trade and establishment of export hubs for specific commodity/products

IT, Software & Hardware

9 Creation of Electronic Hardware Manufacturing Clusters ()(EHMCs) 9 Developing more IT Incubation Towers/ Clusters in Tier-II locations 9 Government needs to encourage private sector players for Digital Inclusion Projects 9 Focus on IT based Start-ups particularly E-Commerce, Animation and Gaming 9 Private Sector Participation in setting-up more IT related Vocational Training Institutes

Power & Energy

9 Provide separate electricity infrastructure for rural agriculture and non-agriculture power consumers (rural feeder segregation), leading to improved availability and better load management 9 Encourage investment in renewable sources of energy including Green Technologies

BENGAL – Global Business Summit 2015 37 Annexure

District wise Key Industries

District Key industries Bardhaman Iron & Steel industries, Fertilizers Industries, Mining Industries, Equipment Manufacturing, Cement Industry, Rice, Oil seed Mills North 24 Parganas Printing, Book Binding, Cement Manufacturing, Oil Seed Milling, General Electrical Works South 24 Parganas Cement Industry, Agro-Industry, Chemical Industry, Equipment Manufacturing Industry, FMCG, Tourism Hooghly Hooghly Rice Mills, Rubber Factories, Chemical Factories Howrah Foundry, Re-Rolling Mills, Basic Metal & Metal Products, Electrical & Electronic, Transport Equipments & Spares, Rubber Goods, Manufacturing Darjeeling Tea and Tourism Bankura Food Processing Industries, Textile Product, Ply-Wood Industry and Veneer Mills, Paper Industry, Particle Board, Tourism Nadia Food and Fruit Processing, Jute Diversified, Pipes & Tubes, Electronic and computer peripherals Maldah Tourism, Agriculture, Silk, Chemicals, MSME

38 BENGAL – Global Business Summit 2015 Annexure

District wise Key Industries

District Key industries North Dinajpur Agriculture and Allied Industries, Food Products

Purulia Spong Iron Industry and Non-Metallic Mineral Product Industry, Tourism Cooch Bihar Fertilizer Industries, Jute Twine and Weaving Industry, Electrical Casing Ind ust ry, Must ard Oil Mill, Fruit processi ng, Touri sm South Dinajpur Agro Food-Based Industry, Mineral and Forest-Based Industry, Chemical Based Industry, Handicrafts, Engineering, Automobiles Servicing East Medinipur Agriculture and Horticulture, MSME, Tourism West Medinipur Manufacturing, MSME & Textiles, Sericulture

Kolkata Textile, Leather, Auto & Auto Components, Industrial & Heavy Engineering Equipments, Consumer Goods & Electronics, Hospitality, Financial Services, Tourism

Murshidabad Handicrafts & Silk, Tourism, MSME, Heavy Industries, Bell Metal Works Jalpaiguri Agriculture & Food Processing, Tea, Manufacturing, Tourism Birbh um Agri cult ure, Tour ism, Co tton & Silk harves ting, Me ta l ware, Po ttery manufact ure Alipurduar Agriculture & Food Processing, Forest based industries, Tourism

BENGAL – Global Business Summit 2015 39 Disclaimer

YES BANK Limited

Registered & Corporate Office: Nehru Centre, 9th Floor, Discovery of India, Worli, Mumbai 400018 Tel: + 91 22 6669 9000; Fax: + 91 22 6669 9018

Northern Regional Corporate Office: 48 Nyaya Marg, Chanakyapuri, New Delhi 110 021 Tel: + 91 11 6656 9000; Fax: +91 11 4168 0144

Disclaimer No representation or warranty, express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of such information or opinions contained herein. The information contained in this presentation is only current as of its date. Certain statements made in this presentation may not be based on historical information or facts and may be “forward looking statements", and future developments and the competitive and regulatory environment. Actual results may differ materially from these forward-looking statements due to a number of factors, including future changes or developments in the Company’s business, its competitive environment and political, economic, legal and social conditions in India. This communication is for general information purpose only, without regard to specific objectives, financial situations and needs of any particular person. This presentation does not constitute an offer or invitation to purchase or subscribe for any shares in the Company and neither any part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. The Company may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such revision or changes. This presentation can not be copied and/or disseminated in any manner.

40 BENGAL – Global Business Summit 2015 BENGAL – Global Business Summit 2015 41 BGlobaEl BusNinessG SumAmit 2L015 Roadmap for Investment Driven Growth

YES BANK Limited

Registered & Corporate Office: Nehru Centre, 9th Floor, Discovery of India, Worli, Mumbai 400018 Tel: + 91 22 6669 9000; Fax: + 91 22 6669 9018

Northern Regional Corporate Office: 48 Nyaya Marg, Chanakyapuri, New Delhi 110 021 Tel: + 91 11 6656 9000; Fax: +91 11 4168 0144 The MAP depicted in the report is only a pictorial representation of State of West Bengal and does not purport to be the 42 BENGAL – Global Business Summit 2015 political map of West Bengal and is not drawn to scale.