WEST BENGAL April 2010 WEST BENGAL April 2010
Investment climate of a state is determined by a mix of factors
• Skilled and cost-effective labour • Procedures for entry and exit of firms • Labour market flexibility • Industrial regulation, labour regulation, other • Labour relations government regulations • Availability of raw materials and natural • Certainty about rules and regulations resources • Security, law and order situation
Regulatory framework Resources/Inputs Investment climate of a state Incentives to industry Physical and social infrastructure
• Condition of physical infrastructure such as • Tax incentives and exemptions power, water, roads, etc. • Investment subsidies and other incentives • Information infrastructure such as telecom, IT, • Availability of finance at cost-effective terms etc. • Incentives for foreign direct investment (FDI) • Social infrastructure such as educational and • Profitability of the industry medical facilities
2 WEST BENGAL April 2010
Contents
Advantage West Bengal
State economy and socio-economic profile
Infrastructure status
State policies and incentives
Business opportunities
Doing business in West Bengal
3 ADVANTAGE WEST BENGAL West Bengal April 2010
West Bengal – State profile
• Covering an area of 88,752 sq km, West Bengal is situated in eastern India. The state shares international borders with Bangladesh, Bhutan and Nepal.
• West Bengal has 19 administrative districts. Kolkata is the state capital city. Siliguri, Asansol, Durgapur, Raniganj, Haldia, Kharaghpur, Darjeeling, Malda, Midnapore, Cooch Behar and Howrah are the other key cities in the state.
• The Ganges (and its main distributary, Hoogly) is the main river flowing through the state. The other important rivers in the state include Damodar, Ajay, Kangsabati, Teesta, To r s a , Jaldhaka and Mahananda.
• West Bengal's climate varies from tropical savannah in the southern portions to humid subtropical in the north.
• Bengali is the official language of the state, though English and Hindi are also widely used. Nepali is spoken primarily in the Darjeeling district.
• West Bengal has a rich culture and literature. The festivals celebrated in the state are Durga Puja, Saraswati Puja and Kali Puja. Source: Maps of India 4 ADVANTAGE WEST BENGAL West Bengal April 2010
Advantage West Bengal … (1/2)
Geographical advantage Because of its location, West Bengal offers definite advantage as the traditional domestic market in eastern India, the Northeast and the land-locked countries of Nepal and Bhutan, which are easily accessible. The state is also an entry point to markets in Southeast Asia, via the northeastern states.
Competitive cost of operation Kolkata, which is a metropolitan city, has a comparatively lower cost of operating a business as compared to the other cities such as New Delhi, Bangalore, Chennai, Hyderabad and Mumbai.
Endowed with natural resources West Bengal has abundant natural resources of minerals and suitable agro-climatic conditions for agriculture, horticulture and fisheries. West Bengal also has a prosperous hinterland of some mineral rich states like Jharkhand, Bihar and Orissa.
Source: Maps of India 5 ADVANTAGE WEST BENGAL West Bengal April 2010
Advantage West Bengal … (2/2)
Educational infrastructure The state is home to a number of renowned educational institutions and higher learning centres. There are 18 universities in the state along with sizeable research institutes.
Excellent connectivity West Bengal offers excellent connectivity to the rest of India in terms of railways, roadways, ports and airports. Major stretches of the golden quadrilateral project also pass through the northern districts of the state.
Large English speaking population Knowledge of English is an advantage of the workforce of West Bengal, especially in Kolkata, which is one of the four metropolitan cities of India.
Source: Maps of India 6 ADVANTAGE WEST BENGAL West Bengal April 2010
West Bengal in figures … (1/2)
Parameter West Bengal All-states Source Economy GSDP as a percentage of all states’ 8.0 100.0 CMIE, 2006-07, current prices GSDP Average GSDP growth rate (%) 12.7 7.5 CMIE, 1999-2000 to 2007-08, current prices Per capita GSDP (US$) 871.8 998.1 CMIE, 2007-08 Physical infrastructure Central Electricity Authority, as of March Installed power capacity (MW) 6,890.1 98,996.4 2009 Cellular Operators Association of India, GSM cellular subscribers (No) 17,415,303* 367,328,179 as of November 2009 Broadband subscribers (No) 246,896 4,981,976 As of October 2008 Ministry of Road Transport & Highways, National highway length (km) 2,578 70,548 2007-08 Major and minor ports (No) 1 + 1 12 + 187 Ministry of Shipping Airports (No) 2 133 Industry sources Social indicators Literacy rate (%) 68.6 64.8 Census of India, 2001 Birth rate (per 1,000 population) 17.9 23.3 Central Bureau of Health Intelligence, 2007
*Includes Andaman & Nicobar Islands 7 ADVANTAGE WEST BENGAL West Bengal April 2010
West Bengal in figures … (2/2)
Parameter West Bengal All-states Source Ease of doing business Department of Industrial Policy and FDI inflows (US$ billion) 1.3** 102.1 Promotion, April 2000 to October 2009 Outstanding investments 142 1,709.7 CMIE, as of December 2008 (US$ billion)
PPP projects (No) 5 460 www.pppindiadatabase.com Functional as of August, 2009, SEZ (No) 11 98 www.sezindia.com
** FDI inflows for RBIs Kolkata region, which includes West Bengal, Sikkim, Andaman & Nicobar Islands PPP: public-private partnership, SEZ: special economic zone
Parameter West Bengal government Policy support Sectors with specific policies Industry, IT, SEZ, exports, biotechnology Availability of labour Adequate skilled labour available
8 ADVANTAGE WEST BENGAL West Bengal April 2010
Key industries with policy thrust and factor advantages
Industry attractiveness matrix High
Biotechnology
Medium IT Iron and steel
Policy thrust Policy Jute products
Leather and Agriculture and Tea leather products horticulture Pisciculture and Livestock and Locomotives aquaculture dairy products
Low Medium High Factor advantage
*Factor advantages include benefits due to geographical location and availability of factors such as talent pool, natural resources and capital
9 WEST BENGAL April 2010
Contents
Advantage West Bengal
State economy and socio-economic profile
Infrastructure status
State policies and incentives
Business opportunities
Doing business in West Bengal
10 STATE ECONOMY AND SOCIO-ECONOMIC PROFILE West Bengal April 2010
Socio-economic snapshot of West Bengal
Parameters West Bengal Capital Kolkata Geographical area (sq km) 88,752 Administrative districts (No) 19 Population density (persons per sq km) 904 Total population (million)* 80.2 Male population (million) 41.5 Female population (million) 38.7 Population growth rate 1991-2001 (%) 17.8 Sex ratio (females per 1,000 males)* 934 Literacy rate (%)* 68.6 Male (%) 77.0 Female (%) 59.6
*Census 2001 Source: Economic Survey of West Bengal, 2007-08, Directorate of Economics and Statistics
11 STATE ECONOMY AND SOCIO-ECONOMIC PROFILE West Bengal April 2010
West Bengal’s GSDP
• At current prices, the Gross State Domestic West Bengal’s GSDP Product (GSDP) of West Bengal was about US$ (US$ billion) 75.5 billion in 2007-08. 2007-08 75.5 2006-07 63.4 • The average annual GSDP growth rate from 1999-2000 to 2007-08, was about 12.7 per cent. 2005-06 51.1 2004-05 46.3 2003-04 43.3 CAGR: 2002-03 36.8 12.7% 2001-02 32.7 2000-01 29.8 1999-00 29.1
0.0 20.0 40.0 60.0 80.0
Source: CMIE
12 STATE ECONOMY AND SOCIO-ECONOMIC PROFILE West Bengal April 2010
West Bengal’s NSDP
• At current prices, the Net State Domestic West Bengal’s NSDP Product (NSDP) of West Bengal was about US$ (US$ billion) 68.4 billion in 2007-08. 2007-08 68.4 2006-07 57.3 • The average annual NSDP growth rate from 1999-2000 to 2007-08, was about 12.4 per cent. 2005-06 46.3 2004-05 42.1 2003-04 39.6 CAGR: 2002-03 33.7 12.4% 2001-02 30.0 2000-01 27.4 1999-00 26.9
0 20 40 60 80
Source: CMIE
13 STATE ECONOMY AND SOCIO-ECONOMIC PROFILE West Bengal April 2010
The tertiary sector has an increasing share in West Bengal’s economy
• In 2007-08, the tertiary sector contributed 61.2 Percentage distribution of GSDP per cent to the state’s GSDP at current prices, followed by primary sector (26.8 per 100 cent). CAGR 80 • 55.7 The share of the secondary sector in GSDP was 61.2 11.3% 12.0 per cent in 2007-08 vis-à-vis 10.7 per cent 60 in 1999-2000, its growth being driven by registered and un-registered manufacturing. 40 10.7 12.0 11.5% 20 • Manufacturing registered the highest growth of 33.6 26.8 11.5 per cent between 1999-2000 and 2007-08. 6.9% It was followed by the mining and quarrying at 0 11.3 per cent. 1999-00 2007-08 Primary Sector Secondary Sector Tertiary Sector
Source: CMIE
14 STATE ECONOMY AND SOCIO-ECONOMIC PROFILE West Bengal April 2010
Per capita GSDP
• The state’s per capita GSDP in 2007-08 Per capita GSDP was US$ 871.8. 1,000.0 871.8 900.0 • The per capita GSDP increased at a CAGR 800.0 739.4 of 11.4 per cent between 1999-2000 and 700.0 602.2 2007-08. 600.0 522.2 552.3 500.0 449.7 368.4 372.7 405.2 400.0 • West Bengal has registered an increase in US$ 300.0 the per capita income owing to 200.0 investments in sectors such as steel, real 100.0 estate, power, retail and IT. 0.0 01 02 03 04 05 06 07 08 2000 2000 - 2001 - 2002 - 2003 - 2004 - 2005 - 2006 - 2007 - 1999 -
Source: CMIE
15 STATE ECONOMY AND SOCIO-ECONOMIC PROFILE West Bengal April 2010
Socio-economic profile of key cities
• Kolkata, Siliguri, Asansol, Durgapur, Raniganj, Haldia, Kharaghpur, Darjeeling, Malda, Midnapore, Cooch Behar and Howrah are the key cities and towns in the state.
• Kolkata is the capital and the largest city in West Bengal. It is the third-largest urban agglomeration and fourth-largest city in terms of area in India. It is the main business, commercial and financial hub of eastern India and the northeastern states.
• Siliguri is the commercial nerve centre of North Bengal. It is also the transit point for air, road and rail traffic to the neighbouring countries of Nepal, Bhutan and Bangladesh.
• Asansol, a coal mining and industrial metropolis and one of the busiest commercial centres in India, is the second largest city in West Bengal, after Kolkata.
• Durgapur is an industrial city and is West Bengal’s third-largest city after Kolkata and Asansol. The city houses a number of power plants, chemical and engineering industries.
• Raniganj, located in the Bardhaman district is known for its coalfields.
• Darjeeling is internationally famous for its tea industry and the Darjeeling Himalayan Railway is a UNESCO world heritage site.
• Cooch Behar is a planned town in North Bengal region with remnants of royal heritage; it is a tourist destination.
16 STATE ECONOMY AND SOCIO-ECONOMIC PROFILE West Bengal April 2010
Key industries in West Bengal
• The natural resources, policy incentives and Key industries in West Bengal infrastructure in the state support investments in major sectors such as iron and • Tea steel, biotechnology, coal, leather, jute • Petroleum and petrochemicals products, tea, IT, and gems and jewellery. • Leather • Iron and steel • IT • Climatic conditions suitable for cultivation of tea and • Mineral resources jute have made West Bengal a major centre for these • Automobile and auto components products and related industries. • Biotechnology • Fisheries • Agriculture and horticulture • West Bengal occupies a predominant position in the • Livestock and dairy products development of micro- and small-scale enterprises. As of • Chemicals 2007, there were 900,419 small scale • Textiles enterprises, accounting for 7 per cent of total such units • Jute products in the country. • Vegetable oils • Electronics • Engineering goods • The index of industrial production (IIP) in the state stood at 206.9 in May 2009, registering a growth of 1.7 per cent over May 2008. Source: West Bengal Government website
17 STATE ECONOMY AND SOCIO-ECONOMIC PROFILE West Bengal April 2010
District-wise key industries
District Key industries Burdwan Iron and steel, fertiliser, mining, equipment manufacturing and cement.
North 24-Parganas Printing and bookbinding, cement, oilseed milling and general electrical works. South 24-Parganas Cement, agro-based industry, chemicals and equipment manufacturing.
Hooghly Rice mills, rubber and chemicals. Howrah Foundry, re-rolling mills, basic metal and products, electrical and electronics, transport equipment and spares, and moulded rubber goods. Bardhaman Rice and oilseed mills, cutlery, tool manufacturing, iron and steel, fertilisers, mining, equipment manufacturing and cement. Darjeeling Tea and tourism.
Bankura Food processing, textiles, plywood, veneer mills, paper and particle board. Nadia Food processing, jute, pipes and tubes, electronics and computer peripherals. North Dinajpur Food products, hosiery, garments, chemicals, engineering and fabrication. Purulia Sponge iron and non-metallic products. Cooch Behar Fertiliser, jute, electrical casing, mustard-oil mill and food processing. South Dinajpur Agro and food-based units, mineral and forest-based industry, chemicals, handicrafts, engineering and IT.
18 STATE ECONOMY AND SOCIO-ECONOMIC PROFILE West Bengal April 2010
Rice, vegetables, sugarcane and wheat are the key agricultural products of West Bengal
• Agriculture is the chief occupation of the people of West Bengal. It contributed 26.4 per cent to the state’s GSDP in Crop Annual production 2006-07. (‘ooo tonnes) Rice 14,719.5 • Rice, eggplant, cabbage, cauliflower and sugarcane are the top Eggplant five crops of the state. In 2007-08, the total production of 2,734.9 these major crops was over 26.3 million tonnes, accounting Cabbages 2,016.1 for over 82 per cent of the total crop production of the state. Cauliflower 1,682.1 Sugarcane • Rice is the principal food crop of West Bengal. West Bengal is 1,349.0 the largest producer of rice in India with an annual output of Tomatoes 956.7 14.7 million tonnes. Wheat 917.3 • Other major food crops include maize, pulses, oil Bananas 892.3 seeds, wheat, barley and vegetables. Mango 623.4 Rapeseed • The state supplies nearly 66 per cent of the jute requirements 378.0 of India and stands first in the country in jute production. The districts of Jalpaiguri and Cooch Behar are the key production Source: CMIE centres of jute.
• Tea is another important cash crop. Tea gardens in the state are located in Darjeeling and Jalpaiguri, the two northern districts of West Bengal. 19 STATE ECONOMY AND SOCIO-ECONOMIC PROFILE West Bengal April 2010
West Bengal’s exports trends
• West Bengal is one of the country’s leading Exports of Leather and Leather products exporter of finished leather goods. In 2008- (US$ million) 09, the state accounted for around 15.7 per cent of the country’s exports of leather and Leather gloves leather products. 145.3
Leather goods • West Bengal is also the country’s leading 287.9 exporter of flowers. The state accounted for Leather garments around 70 per cent of India’s dried flower 9.5 exports in 2008. Footwear components 2.8 • Flower exports of the state amounted to US$ Finished leather 14 million in 2008-09 (April to February), as 35.1 against US$ 10 million in 2007-08. Leather footwear 4.9 • The state has the country’s largest brackish- water resources for shrimp farming and has 0.0 100.0 200.0 300.0 400.0 been a leading exporter of shrimps from India, which is the largest exporter of shrimps in 2008-09 2007-08 the world.
Source: CMIE • West Bengal is also a leading tea exporter.
20 STATE ECONOMY AND SOCIO-ECONOMIC PROFILE West Bengal April 2010
Investments and FDI inflows
• According to the Reserve Bank of India Break-up of investments by sector (RBI), FDI inflows from April 2000 to October 2009 amounted to US$ 1.3 billion*. 0.2% 11.8% Manufacturing • As of December 2008, outstanding investment Mining in the state was US$ 142 billion. 39.6% 18.2% Electricity Services • Manufacturing and electricity sectors accounted for about 69 per cent of the state’s total Irrigation outstanding investments. 29.5% Construction 0.7%
* FDI inflows for RBI’s Kolkata region, which includes West As of December 31, 2008 Bengal, Sikkim, and Andaman and Nicobar Islands. Source: CMIE
21 WEST BENGAL April 2010
Contents
Advantage West Bengal
State economy and socio-economic profile
Infrastructure status
State policies and incentives
Business opportunities
Doing business in West Bengal
22 INFRASTRUCTURE STATUS West Bengal April 2010
Road network … (1/2)
• West Bengal has a total road length of over 92,023 Road type Road length (km) km, with a road density of 1.04 km per sq km. There are 14 national highways running through the state and Total road length 92,023 covering 2,578 km. National highways 2,578
• The golden quadrilateral (GQ) project undertaken by State highways 3,533 the National Highway Authority of India (NHAI) passes through major districts in North Bengal. As of Source: Ministry of Road Transport & Highways December 2009, four-laning of Dhankuni-Kolaghat (54.4 km) Kolaghat-Kharagpur (60.5 km) and Kharagpur-Laxmanath (65.8 km) sections had been completed. Almost 40 per cent of the GQ’s Kolkata- Chennai link and 96 per cent of the Delhi-Kolkata link had also been completed.
23 INFRASTRUCTURE STATUS West Bengal April 2010
Road network … (2/2)
• A number of road development projects have been taken-up under public-private partnerships (PPP). The berth 4A (Haldia) project, Kolkata- Durgapur expressway, Palsit-Dankuni road project and Panagarh-Palsit road project are some of the PPP projects taken-up in the state.
• Two new underpasses are being planned - one near the Bidhannagar rail station to connect Ghaznavi bridge with Kazi Nazrul Avenue in north-east Kolkata and another to the south of New Canal.
Source: Maps of India 24 INFRASTRUCTURE STATUS West Bengal April 2010
Railways
• West Bengal is well connected through the railway network. The railway route length in the state is around 4,500 km.
• Howrah, Asansol, Sealdah, Bandel, Bardhaman, Kh aragpur and New Jalpaiguri are the main junctions in West Bengal.
• The Indian Railways has an electric locomotive production unit – Chittaranjan Locomotive Works (LCW) located on the West Bengal- Jharkhand border, with a production capacity of 230 engines.
• Indian Railways has also proposed to set up an electric locomotive assembly and ancillary unit at Dankuni, West Bengal.
Source: Maps of India
25 INFRASTRUCTURE STATUS West Bengal April 2010
Airports
• West Bengal has a domestic and an international airport. Bagdogra
• The Netaji Subhash Chandra Bose International Airport is located in Dum Dum, 18 km from Kolkata, the domestic airport is at Bagdogra (Siliguri).
• In 2008-09, the total commercial traffic at Kolkata airport included about 7 million passengers and 88,040 tonnes of freight.
• The Government of India has sanctioned US$ 680,000 to set up a perishable cargo complex at the Bagdogra airport. Kolkata • The Kolkata airport is being modernised at a cost of US$ 435 million, the project is expected to be complete by August 2011. It will include a new terminal, modern taxiways and extension of a runway. The upgrade will raise the airport’s handling capacity to around 20 million passengers, annually, from the 5 million as of 2009. International airport
• Bengal Aerotropolis Projects Limited (BAPL) is developing Domestic airport India’s first set of airport cities – ‘Aerotropolis’ near the Durgapur-Asansol region at the cost of US$ 2.2 billion. 26 INFRASTRUCTURE STATUS West Bengal April 2010
Ports Inland waterways
• West Bengal has two modern ports located at • Government of India has declared the entire Kolkata and Haldia, Kolkata is a major port. stretch of the Ganges between Haldia and Allahabad as National Waterway-1 (NW-1). • In 2007-08, the combined volume of goods handled by both the ports was over 53.3 million • The 560 km Haldia-Farakka stretch of NW-1 tonnes. has been developed as a part of the multi-modal system for cargo tariff from • The West Bengal government plans to construct a US$ 265 million container port at Kulpi and a Nepal, Bhutan, North Bengal and the north- small port at the mouth of the Hooghly river. eastern states.
• The State Government has initiated plans to reclaim the 43 km the north-canal system that stretches from the river Hoogly to river Raimangal on the Bangladesh border.
Kolkata
Haldia 27 INFRASTRUCTURE STATUS West Bengal April 2010
Power
• As of March 2009, West Bengal had a total Installed power capacity installed power generation capacity of 6,890.1 (MW) MW, which comprised 5,808.7 MW under state 8,000.0 utilities and 1,081.4 MW under the private 6,890.1 7,000.0 6,590.1 sector. 6,000.0 4,784.4 4,782.5 4,787.8 5,000.0 4,784.4 4,726.9 4,599.1 • As of March 2009, West Bengal had 5,768.4 MW of thermal power, 1,022.0 MW of hydro power 4,000.0 and 99.7 MW of renewable energy sources. 3,000.0 2,000.0 • The State Government is encouraging setting up 1,000.0 of renewable energy-based power plants. -
• West Bengal State Electricity Distribution Company Limited (WBSEDCL) has come into effect from 01.04.2007 after restructuring of erstwhile West Bengal State Electricity Board. Source: Central Electricity Authority WBSEDCL is a major power utility of the state with consumer strength over 7.4 million, five zones, 17 circles, 52 distribution divisions and 478 electric supply offices.
28 INFRASTRUCTURE STATUS West Bengal April 2010
Telecom
• According to estimates by the Telecom Telecom infrastructure* Regulatory Authority of India, there were 12.1 GSM cellular subscribers : 17,415,303** million wireless connections and 1.1 million wire- line subscribers in West Bengal as of September Internet/broadband subscribers: 246,896 2008. Post offices: 9,028
*As of 2009 • Kolkata offers about 580 Mbps of international **Includes Andaman and Nicobar Islands satellite connectivity through Tata-owned Videsh Sanchar Nigam Limited (VSNL) and Software Technology Parks of India (STPI). Telecom operators in West Bengal • The state has two satellite earth stations at • Dishnet Wireless Kharagpur and Durgapur. The Department of • Bharti Airtel Telecommunications has selected Digha in the East Midnapore district as the cable-landing • BSNL station for the submarine-cable laying project • IDEA Cellular connecting India and South-East Asia. • Reliance Telecom • Vodafone Essar • Tata Docomo
Source: Cellular Operators Association of India
29 INFRASTRUCTURE STATUS West Bengal April 2010
Urban infrastructure … (1/2)
• Under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM), 43 projects costing US$ 849 million have been sanctioned for West Bengal. The projects have been sanctioned for completion between 2006-07 and 2009-10. Key areas of development are water supply, sewerage, solid-waste management, construction of flyovers and water treatment.
• Under the JNNURM, the schemes for all urban areas of the state, except the Kolkata Metropolitan Area and Asansol Urban Area, have been included the schemes of Urban Infrastructure Development Scheme for Small & Medium Towns (UIDSSMT) and Integrated Housing & Slum Development Programme (IHSDP).
• Under the UIDSSMT scheme, projects for 19 small and medium towns have been sanctioned at an estimated cost of US$ 57 million. Under the IHSDP scheme, projects for 56 towns have been sanctioned at the cost of US$ 112 million.
• Externally aided programmes are as follows:
30 INFRASTRUCTURE STATUS West Bengal April 2010
Urban infrastructure … (2/2)
Project Description Kolkata Urban Services for the Poor Programme for 40 urban-local bodies (ULBs) within Kolkata Metropolitan Area, (KUSP) excluding Kolkata Municipal Corporation, at the cost of US$ 155 million. Kolkata Environment Improvement Project with the assistance from the Asian Development Bank and the Project (KEIP) Department for International Development (DFID), at a cost of US$ 1.7 billion. Italian Assisted Solid Waste Management Project for water supply and solid-waste management in selected towns of West & Water Supply Projects Bengal at the cost of US$ 34 million.
31 INFRASTRUCTURE STATUS West Bengal April 2010
Key public-private partnership projects
Project cost Project name Sector PPP type Stage (US$ million) Berth 4A (Haldia) project Ports BOT-Toll 43.4 In operation
Kolkata-Durgapur expressway Roads BOT-annuity 93.9 In operation
Palsit-Dankuni Roads BOT-annuity 93.9 In operation Panagarh-Palsit Roads BOT-annuity 76.1 In operation
Vivekananda bridge and approach Roads BOT-Toll 140.0 Pipeline
Source: pppindiadatabases.com BOT: Build-operate-transfer
32 INFRASTRUCTURE STATUS West Bengal April 2010
Education sector … (1/2)
• According to Census 2001, West Bengal’s West Bengal’s education statistics* literacy rate was 68.6 per cent, the male literacy rate was 77.0 per cent and the female literacy Number of Primary: 49,893 rate was 59.6 per cent. schools Upper primary: 980 Secondary: 4,582 High and higher secondary: • As of 2008-09, the state had 49,893 primary 9,659 schools, 980 upper primary schools, 4,582 secondary schools and 9,659 high and higher Pupil-teacher ratio All schools: 47 secondary schools. Primary: 44 Upper primary: 57 Net enrolment Primary: 84.5 ratio Literacy rates (%) Upper primary: 54.6 Literacy rate 68.6 Number of 272,923 teachers Male literacy 77.0 * As of 2008-09 Female literacy 59.6 Source: West Bengal District Information System For Education (DISE), 2008-09 Source: Census of India, 2001
33 INFRASTRUCTURE STATUS West Bengal April 2010
Education sector … (2/2)
• West Bengal has 18 universities, 53 engineering Premier institutions in West Bengal colleges, 450 degree colleges, 43 polytechnics, 50 • University of Calcutta industrial training institutes, 29 management institutes • Jadavpur University and nine medical colleges. • National Institute of Technology • Rabindra Bharati University • The West Bengal government merit-cum-means • Vidyasagar University scholarship scheme has been instituted for providing • Burdwan University financial assistance to the poor and meritorious • West Bengal University of Health Sciences students of the state for pursuing higher education. • Indian Statistical Institute The scholarship amount varies from US$ 10 to US$ • Indian Institute of Technology • Indian Institute of Management 33 per month. • Bengal Engineering & Science University • Indian Institute of Foreign Trade Educational infrastructure* • Indian Association for Cultivation of Science • Universities: 13 • Indian Institute of Chemical Biology • Engineering colleges: 67 • Degree colleges: 450 • Polytechnics: 43 • Industrial training institutes and industrial training centres: 50 • Management institutes: 29 • Medical colleges: 9
* As of 2007-08 Source: Economic Survey of West Bengal, 2007-08 34 INFRASTRUCTURE STATUS West Bengal April 2010
Health infrastructure … (1/2)
• The health infrastructure of West Bengal Health indicators comprised 2,081 hospitals, 1,269 health centres and 10,356 sub-centres, as of 2007-08. Birth rate (per 1,000 persons)* 17.9 Death rate (per 1,000 persons)** 6.3 • Bardhaman health city, the first health project in Infant mortality rate 37.0 West Bengal is being set up near the Durgapur (per 1,000 live births)** Expressway at a cost of US$ 217 million. *As of 2007 • The health city, which is expected to be ready by **As of 2008 2012, will have facilities such as medical Sources: RHS Bulletin, Ministry of Health and Family Welfare, March 2008 colleges, blood banks, ambulance pool, pharmacy and others. Health infrastructure ^
• 2,081 Hospitals: 2,081 • Beds: 82,160 • Health centres: 1,269 • Sub-centres: 10,356
^As of 2007-08 Source: West Bengal Economic Survey, 2007-08
35 INFRASTRUCTURE STATUS West Bengal April 2010
Health infrastructure … (2/2)
• The state has launched the Antoyadaya Anna Yojana (AAY) scheme to ensure that families get food grains, 200,000 family cards for getting food grains have been given under the AAY scheme, which targets 320,000 people.
• The mid-day-meal programme is being run in various urban local bodies, 4,582 primary schools including Swayam Shikshan Prayog (SSP) centres are running the programme with 800,000 beneficiary students.
• The Sishu Shiksha Prakalpa centres have been constituted to bring all children of 5-9 years in the municipal areas under primary education. These centres are funded by the State Government. As of 2009, there were1,032 Sishu Shiksha Prakalpa centres in the state.
• The community-based primary healthcare service has been formulated with the objective of bringing an overall improvement in the urban health scenario in West Bengal, 62 urban local bodies have completed training of honorary health workers. The programme budget for three years (2006-07 to 2008-09) was US$ 12.7 million.
36 INFRASTRUCTURE STATUS West Bengal April 2010
Cultural infrastructure
• Cricket and football (soccer) are popular sports in the state. Kolkata is one of the major centres for football in India and is home to top national clubs such as East Bengal, Mohun Bagan and Mohammedan Sporting Club.
• Eden Gardens, Salt Lake Stadium and Netaji Indoor Stadium are some of the well-known sports stadiums in the state. West Bengal is known for its premier sports clubs viz., Royal Calcutta Golf Club, Tollygunge Club, Royal Calcutta Turf Club, Calcutta Rowing Club and Calcutta Cricket and Football Club.
• Bengal had been the harbinger of modernism in fine arts. Birla Academy of Art And Culture Museum, Rashtriya Lalit Kala Academy, Academy of Fine Arts, Asiatic Society and Ashutosh Museum of Indian Arts are some of the art establishments in the state.
• West Bengal has a rich culture and literature. Music forms in West Bengal include Rabindra Sangeet, Nazrul Geeti, Adhunik, Shyamashangeet, Jibonmukhi, Baul, Gombhira and Bhawaiya,
• Dance forms include Gouriyo Nrityo, Rabindra Nritya, Chhau, Raibense dance, Jhumar and Adhunik Nritya. Jatra is the traditional theatre form of Bengal.
37 INFRASTRUCTURE STATUS West Bengal April 2010
Industrial infrastructure … (1/5)
• West Bengal has 12 growth centres for medium List of IT projects in Kolkata and large scale industries, set up by the West Bengal Industrial Development Corporation Project name Location (WBIDC) there are exclusive growth centres for Technopolis Sector V, Salt Lake City electronics, software technology, export processing and export processing. Globsyn Crystals Sector V, Salt Lake City Infinity-Benchmark Sector V, Salt Lake City • The Naba Diganta Industrial Township was set up Infinity-Waterside Sector V, Salt Lake City in January 2006, in the Kolkata’s Salt Lake township, to encourage IT and related industries. Millennium City Sector V, Salt Lake City The Hub Sector V, Salt Lake City • West Bengal’s major industrial areas are Infinity (Tower-II) Sector V, Salt Lake City Haldia, Kolkata, Asansol-Durgapur region, and Videocon-Salarpuria Sector V, Salt Lake City Kharghpur. Bengal Intelligent Park Sector V, Salt Lake City
• WBIDC helps get clearances required for setting Ascendas Rajarhat up industry. It also focuses on sector-specific Keepeland Rajarhat infrastructure for industries such as food, apparel, biotechnology, IT and electronics. DLF Rajarhat Unitech Group Rajarhat Sunrise City EM Bypass
Source: West Bengal Industrial Development Corporation
38 INFRASTRUCTURE STATUS West Bengal April 2010
Industrial infrastructure … (2/5)
Notified SEZs in West Bengal
Uttarpara: IT/ITeS Park
24 Parganas: IT/ITES Park, Electronic and hardware park
Rajarhat, Kolkata: IT/ITeS Parks (3)
Durgapur: IT/ITeS Park Burdwan: IT/ITeS Park, Non- conventional energy park
39 INFRASTRUCTURE STATUS West Bengal April 2010
Industrial infrastructure … (3/5)
Industrial parks in West Bengal
Borjora, Bankura district: Plasto Steel Park (Phase - I & II)
Kolkata: Garment Park, Shilpangan (Light Engineerin g Park)
Howrah: Food Park Poly Park, Rubber West Midnapore Park, Apparel Export district: Biotech Park, Park, Foundry Park Iron & Steel Parks (2) 40 INFRASTRUCTURE STATUS West Bengal April 2010
Industrial infrastructure … (4/5)
Industrial parks in West Bengal
Name Products / services Location
Food Park (Phase I & II ) Food processing Sankrail, (Howrah district) Poly Park Polymer products Sankrail, (Howrah district) Rubber Park Rubber footwear, hoses, tubes, automotive rubber Sankrail, (Howrah district) products
Biotech Park Biotechnology projects Dewanmara (West Midnapore district)
Plasto Steel Park (Phase - I & II) Iron and steel and plastic products Borjora (Bankurna district) Iron & Steel Park Steel products Kharagpur (West Midnapore district)
Iron & Steel Park Steel products Jhargram ( West Midnapore district)
Foundry Park Castings, forge and foundry products Howrah Apparel Export Park Garments, buttons, accessories, washing/ Uluberia, (Howrah district) processing Garment Park Garments Kolkata Shilpangan (Light Engineering Light Engineering Products Kolkata Park)
Source: West Bengal Industrial Development Corporation
41 INFRASTRUCTURE STATUS West Bengal April 2010
Industrial infrastructure … (5/5)
Formally approved SEZs* SEZs with in-principal approval
Industry Locations No of Industry Locations No of SEZs SEZs IT/ITeS Rajarhat , Bhangor, 8 IT/ITeS Siliguri 1 Kassipore and Electronic Mouza Karaidanga 4 Kharamba (24 hardware and and Bhatipouta (24 Paraganas), software Paraganas) Shanthiniketan, Asansol, Dabgram Engineering Howrah, North 24 Paragnas, 3 (Jalpaiguri) Kharagpur Electronic hardware Barsat (North 24 1 Chemicals Medinipur 1 and software Paraganas) Biotechnology Siliguri 1 Leather products Bantola (Kolkata) 1 Iron and steel Durgapur, Howrah 2 Bio-technology Panargarh (Burdwan) 1 Textiles Dankuni township 1 Steel and allied West Medinipur 1 products Multi-products Haldia, Purba 4 Medinipur,Kalyanbill (North Free trade warehousing Haldia 1 24 Paraganas), Amta, zone
*As of October 2009 Source: sezindia.nic.in
42 INFRASTRUCTURE STATUS West Bengal April 2010
Major investments in the infrastructure sector
• As of December 2008, over US$ 54.3 billion Infrastructure type Investments worth of investments have been made in (US$ million) ramping up West Bengal’s infrastructure. Power* 12,602.2
• About 23 per cent of the investments made Railways 3,219.7 in infrastructure have been in the area of Shipping 881.6 power generation and distribution. Roads 699.5
• Railways and shipping are the other key Airport 152.6 infrastructure sectors attracting investments. *Generation and distribution As of December 31, 2008 Source: CMIE
43 WEST BENGAL April 2010
Contents
Advantage West Bengal
State economy and socio-economic profile
Infrastructure status
State policies and incentives
Business opportunities
Doing business in West Bengal
44 STATE POLICIES AND INCENTIVES West Bengal April 2010
Sector-specific policies … (1/11)
The West Bengal incentive scheme for micro- and small-scale enterprises (MSE), 2007 Aim: To provide incentives to the micro and small enterprises in the state.
• Applicable for all MSEs set up in the manufacturing sectors and also the expansion projects of existing units/enterprises, on or after April 1, 2007.
• The units may be in the private sector, cooperative sector, joint sector as also companies/undertakings owned and managed by the State Government and industrial self-help groups.
• This scheme is applicable from April 1, 2007 for a period of five years, i.e., ending on March 31, 2012. Incentives and concessions:
• State capital-investment subsidy, ranging from 15 per cent to 35 per cent of fixed capital investment.
• Interest subsidy to the extent of 30 per cent of the annual interest liability on the term loan borrowed from a commercial bank or financial institution for implementation of the approved project.
• Waiver of electricity duty on the electricity consumed for the production and/or operation, for a period of five years from the date of commercial production or operation.
• Reimbursement of 80 per cent expenditure incurred by enterprise for paying its contribution towards employees state insurance and employees provident fund, depending on the location of the unit.
45 STATE POLICIES AND INCENTIVES West Bengal April 2010
Sector-specific policies … (2/11)
The West Bengal incentive scheme for micro- and small-scale enterprises (MSE), 2007 Incentives and concessions:
• Refund of stamp duty and registration fee paid for the purpose of registration of documents within the state, relating to purchase and/or acquisition of land and buildings for setting up of the approved project.
• An eligible MSE of women or person belonging to the scheduled castes (SC) or scheduled tribes (ST) entrepreneur or self-help group will be entitled to 10 per cent additional incentives.
• An existing leather MSE, which relocates to the Kolkata Leather Complex, will be entitled to fixed capital investment subsidy if the relocation is accompanied by modernisation. The quantum of subsidy will be 25 per cent of fresh investment in plant and machinery.
• Reimbursement of expenditure for modernisation up to 75 per cent for micro units and 50 per cent for small scale units, subject to a cap of US$ 10,000.
46 STATE POLICIES AND INCENTIVES West Bengal April 2010
Sector-specific policies … (3/11)
IT Policy of West Bengal, 2003 Aim: To utilise the potential benefits offered by IT for the development of the state. Key initiatives:
• Procedures under existing labour laws simplified to ensure smooth operations. In IT, where human resource inputs are highly flexible and mobile, the Government of West Bengal has committed to move from a regulated administration framework to a promotional framework to facilitate smooth functioning of the business.
• The government permits self-certification to IT companies on various acts such as Payment of Wages Act, Minimum Wages Act, Contract Labour (Regulations & Abolition Act), Workmen’s Compensation Act, Payment of Gratuity Act, Maternity Benefits Act, Employees State Insurance Act and Water and Air Pollution Act.
• IT companies are awarded special status under various acts to improve infrastructure availability, enabling:
• Automatic clearances under the West Bengal Pollution Control Act.
• Exemption from statutory power cuts.
• Exemption from zoning regulations on application of company.
47 STATE POLICIES AND INCENTIVES West Bengal April 2010
Sector-specific policies … (4/11)
IT Policy of West Bengal, 2003 Incentives and concessions: Fiscal incentives:
• Exemption from consumption tax on computer hardware, computer peripherals and other capital goods including captive power generation sets, during the implementation stage.
• Five per cent price preference for all West Bengal government e-governance projects for an IT company with office in West Bengal and employing a minimum of 20 per cent of its total workforce in its West Bengal operations.
• For mega-projects that require investments exceeding US$ 5 million and employ more than 750 people in their first year of operation, the government may consider a special package of incentives on a case-to-case basis.
• Exemptions from stamp duty and registration fee.
• Exemptions from all state and local taxes on transaction with the SEZs, this also applies to supply from domestic tariff areas to the SEZ.
48 STATE POLICIES AND INCENTIVES West Bengal April 2010
Sector-specific policies … (5/11)
IT Policy of West Bengal, 2003 Incentives and concessions: Other incentives:
• State Government will assist IT companies in obtaining any academic/R&D support they require from the appropriate institutions.
• The State Government has set up a regulatory authority to ensure enforcement, declare penalties (for violation, etc.) to help IT and ITeS companies provide additional comfort to their customers.
• IT companies in the small scale sector will be reimbursed 50 per cent of the expenditure incurred by them to obtain ISO/ ISO 9000 certificate or SEI-CMM Level 5 or COPC-2000 or eSCM level 3 with a ceiling of US$ 0.01 million.
49 STATE POLICIES AND INCENTIVES West Bengal April 2010
Sector-specific policies … (6/11)
Special Economic Zone Act (SEZ), 2003 Aim: To develop the export potential of the state Key initiatives:
• SEZ units are permitted to take job work abroad and export goods from there, while continuing to be eligible for the benefits entitled to an SEZ.
• SEZ units will have access to international finance at international rates through offshore banking units (OBU) to be set up within the SEZ.
• Exemption from customs duty on import of capital goods, raw material, consumables and spares.
• Entitlement of duty-free imports of samples upto US$ 6,000.
50 STATE POLICIES AND INCENTIVES West Bengal April 2010
Sector-specific policies … (7/11)
West Bengal Export Policy, 2003 Aim: To make exports a priority area, recognising the enormous export potential of the state. Key initiatives:
• The State Government has constituted three export awards viz., Best Exporter Award, Award for Quality and Best Small Scale Industry Exporter Award.
• A commerce cell has been set up in the Directorate of Industries to look after all aspects of export promotion.
• A state export promotion council has been set up in the Directorate of Industries, with the participation of commodity boards and export promotion councils located in Kolkata and the chambers of commerce and industry, in order to provide a forum for exchange of views, information sharing and removing hindrances and obstacles faced by exporters.
• Round-the-clock movement of export cargo within Kolkata will be allowed on some specified roads, in relaxation of existing orders prohibiting movement of trucks within the city during daytime.
• The State Government will take steps to set up inland container depots and/or dry port facilities at the export centres to prevent difficulties in cargo storage, customs clearance and container availability at these locations.
• The State Government will support and facilitate the setting up of export parks for various products, so that all the necessary infrastructure facilities are available at one place and regular monitoring is possible.
51 STATE POLICIES AND INCENTIVES West Bengal April 2010
Sector-specific policies … (8/11)
West Bengal Export Policy, 2003 Aim: To make exports a priority area, recognising the enormous export potential of the state. Incentives and concessions:
• Exemption from sales tax on proceeds from transfer of licenses, such as exim-scrip, replenishment license, advance license and duty entitlement passbook (DEPB) license.
52 STATE POLICIES AND INCENTIVES West Bengal April 2010
Sector-specific policies … (9/11)
West Bengal Biotech Policy, 2008 Aim: To facilitate the growth of biotech industries and the development of clean biotechnologies. Key initiatives:
• Conserving bio-diversity through mapping and sustainable use of bio-resources.
• Spreading general awareness for optimum utilisation of biotechnology in the agriculture sector.
• Creating a ‘Centre of Excellence for Biotechnology’ as a high quality support service to the biotech industry.
• Facilitating the flow of venture capital funds and bank credit to biotech companies.
• Creating research and development institutions of expertise and manpower quality in the state.
53 STATE POLICIES AND INCENTIVES West Bengal April 2010
Sector-specific policies … (10/11)
West Bengal Biotech Policy, 2008 Aim: To facilitate the growth of biotech industries and the development of clean biotechnologies. Incentives and concessions:
• State capital investment subsidy at 15 per cent of the fixed capital investment, subject to a limit of US$ 300,000.
• Interest subsidy to the extent of 50 per cent of the annual interest liability on the loan borrowed from a commercial bank/financial institution/non-banking financial corporation approved by Reserve Bank of India, for implementation of an approved project, subject to a limit of US$ 200,000 per year.
• Government will create opportunities for starting new biotechnology-based businesses by entrepreneurs and stimulate technological innovations. The government will aim to increase product commercialisation in public-private sector acquired from government-funded R&D.
• Other incentives as per the West Bengal Incentive Scheme for micro and small scale enterprises, 2007.
54 STATE POLICIES AND INCENTIVES West Bengal April 2010
Sector-specific policies … (11/11)
Industrial Policy of West Bengal, 1994 Aim: To generate industrial promotion and economic development in the state
Key objectives:
• To attract foreign technology and investment, as may be appropriate.
• To encourage private sector to accelerate growth.
• To improve and upgrade industrial infrastructure, which is indispensable for accelerated growth of industries.
• To improve social infrastructure facilities such as development of satellite township, housing, healthcare, education, water supply, hotels, etc.
• To look at the joint and assisted sectors as effective instrument for mobilising necessary resources and expertise in important areas of economic activities.
55 WEST BENGAL April 2010
Contents
Advantage West Bengal
State economy and socio-economic profile
Infrastructure status
State policies and incentives
Business opportunities
Doing business in West Bengal
Logos used in this section are registered trademarks of the respective companies
56 BUSINESS OPPORTUNITIES West Bengal April 2010
Te a
• West Bengal is the second-largest tea growing Key players state in India, after Assam, and accounts for around 24 per cent of the total tea produced in • Tata Tea India. • Goodricke Group Limited • Mcleod Russel • Bagaria Group • As of 2007, 115,095 hectares of land was under • Andrew Yule Group tea cultivation. • Teesta Valley Tea • Duncans Tea Limited • The total annual production of tea was 226.8 • Williamson Magor Group million kg (mkg), as of 2008. • T&I Global Limited • Diana Tea Company Limited • Hanuman Tea Company Limited • Tea gardens in the state are located in Darjeeling • Kamala Tea Company and Jalpaiguri, the two northern districts of West • Norban Tea & Exports Limited Bengal.
• Darjeeling tea has a Geographical Indicator (GI).
57 BUSINESS OPPORTUNITIES West Bengal April 2010
Te a – company profiles … (1/5)
Tata Tea • Tata Tea is the largest brand of tea in India. It acquired the UK-based Tetley Group in 2000.
• The company has five major brands in the Indian market , viz.,Tata Tea, Tetley, Kannan Devan, Chakra Gold and Gemini.
• It has its headquarters and six tea estates in West Bengal.
Goodricke Group • GGL, a part of Camellia plc. UK, is engaged in the cultivation, manufacture, and sale of tea in Limited (GGL) India. • It has 17 gardens, including three gardens in Darjeeling, two in Assam and 12 in Jalpaiguri.
• Its turnover in 2008 stood at US$ 73.2 million on a total crop production of 21.5 million kg.
• It plans to launch cold tea and enter the ready-to-drink products market by December 2009.
Mcleod Russel • Mcleod Russel produces around 80 million kg of tea every year from tea estates in Assam, West Bengal and Vietnam, employing 80,000 people.
• The company has its registered office in Kolkata.
• The six tea estates in Jalpaiguri district produce 6.5 million kg of tea, annually.
Bagaria Group • The Bagaria Group has operations in steel product manufacturing, tea estates and wind farms, with a group turnover of about US$ 110 million.
• The group has three tea estates in West Bengal. The Gyabaree and Millikthong tea estate is one of the biggest tea estates in Darjeeling with an annual production of 280,000 kg.
• There are two other tea estates in Phuguri and Orange Valley in Darjeeling with a combined production of 300,000 kg.
58 BUSINESS OPPORTUNITIES West Bengal April 2010
Te a – company profiles … (2/5)
T&I Global Limited • TIGL is among the leading manufacturers and exporters of tea processing machinery in the (TIGL) world, headquartered in Kolkata.
• It is a government recognised export house, with a global market share of over 40 per cent. The company has a full-fledged manufacturing unit at Kolkata.
• TIGL has set up a1,000 acre Mainak Hills Tea Estate and Green Tea factory in North Bengal. Mainak is currently producing over 800,000 kg of tea per annum.
Williamson Magor • Williamson Magor Group, established in 1868, produces around 35 million kg of tea every year.
Group • The Group has 28 tea estates, in Assam and West Bengal, including six tea estates in Dooars.
Andrew Yule Group • Andrew Yule Group, headquartered in Kolkata, is a US$ 124 million multi-product, multi-unit conglomerate.
• The group has 15 tea gardens in Darjeeling, Dooars and Assam, producing around 10 million kg of tea, annually.
Teesta Valley Tea • Teesta Valley Tea Exports, established in 1841, has tea estates in Darjeeling, Assam and Dooars. Exports The Group has two tea estates in Darjeeling.
• The group exports tea to Japan, Russia, Germany, Holland, France, UK, USA, Singapore, Hawaii and other East European countries.
59 BUSINESS OPPORTUNITIES West Bengal April 2010
Te a – company profiles … (3/5)
Duncans Tea Limited • Duncans Tea Limited, headquartered in Kolkata, is a part of the diversified Duncan-Goenka Group, established in 1859.
• The company has 13 tea estates, located in the Doors, Terai and Darjeeling.
• The company markets tea under the brands - Runglee Rungliot, Double Diamond, Super, Shakthi, Sargam, No1, Kings Cup and Aag.
T&I Global Limited • TIGL is among the leading manufacturers and exporters of tea processing machinery in the (TIGL) world, headquartered in Kolkata.
• It is a government recognised export house, with a global market share of over 40 per cent. The company has a full-fledged manufacturing unit at Kolkata.
• TIGL has set up a1,000 acre Mainak Hills Tea Estate and Green Tea factory in North Bengal. Mainak is currently producing over 800,000 kg of tea per annum.
Williamson • Williamson Magor Group, established in 1868, produces around 35 million kg of tea every year.
Magor Group • The Group has 28 tea estates, in Assam and West Bengal, including six tea estates in Dooars.
60 BUSINESS OPPORTUNITIES West Bengal April 2010
Te a – company profiles … (4/5)
Diana Tea Company • Diana Tea is a tea-producing company, which was promoted by Late Radheshyam Singhania in Limited 1976. The company is among top five producers of tea in the Dooars region.
• It has four tea garden viz., namely Baintgoorie tea estate, Goodhope tea estate, Ambari tea estate and Diana tea estate, all located in Jalpaiguri. The total capacity of the company is 5 million kg of tea per annum.
• The company has entered the packed tea segment to be sold throughout North India through its distributor network. It has also entered the dipping-tea bag segment and has installed vending machines in corporate houses of Kolkata.
Hanuman tea • The company incorporated in 1961, is mainly engaged in the cultivation, production and sale of Company Limited tea and power generation.
• The company has its tea gardens and processing unit at Sonitpur in Assam and Jalpaiguri in West Bengal. The registered office is located at Kolkata.
61 BUSINESS OPPORTUNITIES West Bengal April 2010
Te a – company profiles … (5/5)
Kamala Tea Company • Kamala Tea Company was incorporated in 1914.
• The company owns the Kamala Tea Estate with a grant area of around 750 hectares located in the Terai region in the Darjeeling district of West Bengal.
Norban Te a & • Norben Tea & Exports Limited was originally incorporated as Daga Plantations Limited in the Exports Limited early 1990s.
• Norben has established new tea plantations and a new factory in Berubari in Jalpaiguri District of West Bengal, to manufacture tea with an installed capacity of 1.2 million kg of processed tea per annum.
• The company has three divisions, namely Berubari, Pareshnagar and Sakati.
62 BUSINESS OPPORTUNITIES West Bengal April 2010
Petroleum and petrochemicals
• West Bengal accounts for around 4 per cent of the Key players country’s production of petroleum products and 13 per cent of polymer production. • Indian Oil Corporation Limited (IOCL) • Oil India Limited (OIL)
• Haldia Petrochemicals Limited is one of India’s largest • Oil and Natural Gas Corporation Limited integrated petrochemical complexex. (ONGC)
• Haldia Petrochemicals Limited (HPL) • Mitsubishi Chemicals and Corporation, Japan’s major chemical firm has invested in a Purified Terepthalic Acid (PTA) plant at Haldia at an estimated cost of US$ 355 million.
63 BUSINESS OPPORTUNITIES West Bengal April 2010
Petroleum and petrochemicals – company profiles … (1/2)
Indian Oil Corporation • IOCL is India's largest company by sales, with a turnover of US$ 62 billion in 2008-09. It is Limited (IOCL) the 18th-largest petroleum company in the world. • It owns and operates 10 of India’s 19 refineries, as of 2008-09, the company had a refining capacity of 60.2 MTPA (1.3 million barrels per day).
• It has a refinery at Haldia, with an installed capacity of 6 MTPA.
• IOCL has invested US$ 623.7 million for improvement of diesel quality and distillate yield (hydrocracker) at Haldia, and for capacity expansion of the refinery from 6 MTPA to 7.5 MTPA, the project was commissioned in December 2009.
• IOCL has signed a memorandum of agreement (MoA) with the WBIDC for setting up a chemical hub in Haldia, at an investment of around US$ 3.2 billion. Oil and Natural Gas Corporation Limited • ONGC is India’s leading oil and gas exploration and production company. (ONGC) • The company has 240 onshore production installations, 70 drilling rigs and 15,800 km pipeline network. • ONGC has acquired five onshore blocks, spreading over 16,500 sq km in West Bengal for US$ 2 billion, as of September 2008.
64 BUSINESS OPPORTUNITIES West Bengal April 2010
Petroleum and petrochemicals – company profiles … (2/2)
Oil India Limited • OIL, established in 1959, is primarily engaged in exploration, development, production and (OIL) transportation of crude oil and natural gas in India.
• OIL owns 10 crude-oil pumping stations and 17 repeater stations spread across Assam, West Bengal and Bihar.
• The company also owns and operates a 660 km petroleum product pipeline, connecting Numaligarh Refinery Limited in Assam to Siliguri in West Bengal.
Haldia • HPL is a modern, naphtha-based petrochemical complex located at Haldia, 125 km from Kolkata
Petrochemicals • It is a joint venture project of the government of West Bengal with The Chatterjee Group, the Limited (HPL) TATA group and IOC as major stakeholders.
• It has a total capacity of 520,000 tonnes per annum of ethylene.
• The company is expanding capacity by about 30 per cent, which will take ethylene production capacity to 670 kilo tonnes per annum (KTPA) from the current level of 520 KTPA.
65 BUSINESS OPPORTUNITIES West Bengal April 2010
Leather
• West Bengal is one of the leading exporters of finished leather goods, accounting for almost 15.7 per Key players cent of the country's leather exports. • Khadim’s
• Bata India Limited • As of 2008, the state has around 538 manufacturing units producing leather goods. • Singhvi International
• Balmer Lawrie and Company Limited • West Bengal Leather Industrial Development Corporation provides market facilities for the leather products manufactured by small-scale industries located in the state.
• The Government of West Bengal has set up an integrated leather complex on the eastern fringe of Kolkata and spread over 1,100 acres.
66 BUSINESS OPPORTUNITIES West Bengal April 2010
Leather – company profiles
Khadim’s • The Khadim group has a significant presence in the footwear segment, especially in the east and south of India.
• It has a manufacturing unit at Kasba Industrial Estate, Kolkata.
• The company has multi-brand retail outlets in 21 states and has more than 470 exclusive retail outlets across the country.
• Its sales stood at US$ 49.4 million in 2007-08.
Bata India Limited • Bata India Limited, incorporated in Kolkata, is the largest shoe manufacturer in India.
• The company has 35 per cent share of the organised footwear market and its retail footprint spans more than 1,250 stores, it sells over 45 million pairs, annually.
• Bata has a manufacturing unit in West Bengal.
• The company plans to open 240 stores in a span of three years, with an investment of US$ 87 million.
Singhvi International • Singhvi International, established in 1974, is engaged in the export of leather hand gloves and safety garments world-wide.
• The company had a turnover of US$ 8 million in 2008-09.
• It has its registered office in Kolkata.
Balmer Lawrie and • Balmer Lawrie is a Government of India enterprise and headquartered at Kolkata.
Company Limited • The company manufactures leather chemicals.
• It has manufacturing operations at Kolkata, Mumbai, Chennai, Mathura, Silvassa and offices at many locations in India.
67 BUSINESS OPPORTUNITIES West Bengal April 2010
Iron and steel
• With more than US$ 22.2 billion worth of Key players investments in pipeline, West Bengal has emerged as a favoured destination for the steel industry. • JSW Steel Limited
• SAIL • Its deposits of iron ore have helped attract new • Shyam Steel projects. The Chotanagpur plateau bordering West Bengal is the nerve-centre of this industry. • Jai Balaji Industries • Bhushan Steel
• The Joint Plant Committee (JPC) for steel has been • Arcelor Mittal
constituted by the Government of India for • UIC Udyog Limited formulating the guidelines for production and distribution of steel materials in the country. • Gonterman-Peipers (India) Limited Headquartered in Kolkata, it has regional offices in • Super Forgings & Steel Limited (SFSL) New Delhi, Mumbai, Chennai, Kanpur and Hyderabad.
68 BUSINESS OPPORTUNITIES West Bengal April 2010
Iron and steel – company profiles … (1/3)
JSW Steel Limited • JSW Steel Limited is among the largest private steel companies in India, with a capacity of 7.8 (JSL) million tonnes per annum (MTPA).
• The company is setting up a 10 million MTPA steel plant at Salboni in West Bengal.
Steel Authority of • SAIL is the leading steel maker in India, with a turnover of US$ 1.1 billion in 2007-08. India (SAIL) • Indian Iron & Steel Company (IISCO), which was a 100 per cent subsidiary of SAIL, has been amalgamated with the parent company.
• The company has an integrated steel plant in Durgapur.
Shyam Steel • Shyam Steel, established in 1953 in Howrah, is a leading manufacturer of steel re-bars and structures.
• The company achieved a turnover of over US$ 217 million in 2008-09.
• It has a plant at Durgapur comprising steel melting furnace, billet casting plant and rolling mill.
Jai Balaji Group • Jai Balaji Group is among the leading manufacturers of steel in eastern India, it is headquartered in Kolkata.
• The company has integrated steel production facilities in nine manufacturing units, spread across the states of West Bengal, (three plants), Chhattisgarh, Orissa and Jharkhand.
• The company is setting up a 5 million tonne steel plant in West Bengal’s Purulia district,
69 BUSINESS OPPORTUNITIES West Bengal April 2010
Iron and steel – company profiles … (2/3)
Bhushan Power and • Bhushan Power and Steel is a fully integrated 1.5 MTPA steel making company, with a turnover of Steel Limited US$ 950 million in 2008.
• The company has seven plants, in Chandigarh, Derabassi, Kolkata and Orissa.
• The company is planning to set up a 2 MTPA capacity integrated steel plant with a captive power plant in Burdwan district of West Bengal.
• It has also planned a 6 MTPA plant in Asansol, West Bengal. The first phase is scheduled to have a 3 MTPA and a 1,000-MW power plant.
Arcelor Mittal • Arcelor Mittal is world's number one steel company, with operations in more than 60 countries.
• The company has its design and engineering centre in Kolkata.
• The facility, which started operations in May 2008, serves the entire design needs of Arcelor Mittal, globally. The headcount at the centre is expected to go up to 250 over the next 3-5 years from over 60 as of 2007-08.
• The company has approached the West Bengal government for setting up a steel unit in the state.
70 BUSINESS OPPORTUNITIES West Bengal April 2010
Iron and steel – company profiles … (3/3)
UIC Udyog Limited • UIC is an ISO: 9001:2000 certified business house in steel wire industry, it was incorporated in 1999.
• In West Bengal, a multi-product plant is at Kalyani, wire division is located at Nadia Industrial Growth Centre and the pin division is located at Hooghly.
• The company had a revenue of US$ 70 million during 2008-09.
Gonterman-Peipers • An ISO 9001: 2000 company, promoted in collaboration with Gontermann-Peipers Siegen, Germany, a (India) Limited leading European manufacturer of rolling mill rolls since 1825.
• In 1981, the company was taken over by the ISPAT Group.
• Products include cast rolls and forged rolls, registered office is in Kolkata.
Super Forgings & • Incorporated in 1968, SFSL manufactures and processes value added mild steel. Steel Limited (SFSL) • The company was initially a trading unit in alloy steels, started in 1960.
• The product line of SFSL includes tools steels, stainless steel (including corrosion resistant steel), high value alloy steel and carbon steel.
• The products find applications in defence, general engineering, power generating industries, automobiles, aeronautics etc.
• A multilocational company, SFSL has four units in West Bengal - three in Howrah and one in Dankuni.
71 BUSINESS OPPORTUNITIES West Bengal April 2010
Information technology
• Around 500 IT and I Te S companies are operating Key players in the state, employing more than 60,000 professionals. • Genpact • Cognizant Technology Solutions • In 2007, the total export earnings of IT Patni Computers companies located in Software Technology Parks • of India (STPI) was US$ 754.5 million. • HCL • Microtech Software • The IT and I Te S sector is projected to • Tata Consultancy Services contribute 15-20 per cent to the state’s • CMC Limited economy by 2010. • IBM Global Services
• West Bengal has 14 IT parks. A 16-acre SEZ by • Siemens Information Systems Limited Tata Consultancy Services has been granted • Wipro formal approval and is expected to be • ITC Infotech operational by 2011. • Diadem Technologies
72 BUSINESS OPPORTUNITIES West Bengal April 2010
IT – company profiles … (1/3)
Genpact • Genpact is a global remote processing operations company that services clients across the world with its IT-enabled services.
• It has an 80,000 sq ft facility in Kolkata and another new facility is being constructed on a three acre area at Salt Lake, which would employ up to 1,500 people.
• It has also signed to acquire 700,000 sq ft at InfoSpace, an IT/ITeS SEZ developed by Unitech Hitech Structures,which will house 7,000 professionals.
• The company has approached the West Bengal government to set up an IT-SEZ in Kolkata with an investment of over US$ 22.2 million. Cognizant Technology • Cognizant Technology Solutions is a global e-business and application development company. Solutions • Cognizant, Kolkata services several large clients from the banking, hospitality (restaurant), (CTS) healthcare, financial, airline and information-driven sectors of the global market. • It has signed a memorandum of understanding with Calcutta University, wherein the university will provide management and software training to a batch of 400 professionals hired by Cognizant, Kolkata.
• The company is investing around US$ 46 million to expand its facility at Kolkata. Patni Computers • Patni Computers is one of the leading global providers of IT services and business solutions. • Patni has 28 international offices across the Americas, Europe and Asia-Pacific, and 23 Global Delivery Centres in strategic locations across the world.
• Of the total 23 global delivery centres, one is located in Kolkata.
73 BUSINESS OPPORTUNITIES West Bengal April 2010
IT – company profiles … (2/3)
HCL • Incorporated in 1976, HCL is a leading global technology and IT enterprise with annual revenues of US$ 5 billion. The company’s operations span across 26 countries. It has delivery facilities in the US, UK, Finland, Poland, Puerto Rico, Brazil, China, Malaysia, Singapore, Australia, Czech and India.
• In India, the company has offices in 170 cities and 500 points of presence reaching 4,000 towns. In West Bengal, HCL has two offices in Salt Lake City, Kolkata. Microtech • Microtech Software, headquartered at Kolkata, started its operations in1992. Software • The company is in the business of integrating different parts of IT operations.
• It is a Microsoft Gold Certified Partner and a Microsoft Small Business Specialist. Tata Consultancy • A company of the TATA group, TCS is a well recognised global service provider for a wide range Services (TCS) of IT solutions, consulting, BPO, engineering services and IT infrastructure. • The company has offices across the world at more than 40 countries, including 78 locations in India.
• It has two offices in Kolkata.
• CMC Limited, an IT solutions company and a subsidiary of TCS, was incorporated in 1975.
CMC • The company’s service offerings include enterprise resource planning (ERP), data warehousing, Limited networking, embedded product development services, systems study and systems integration. • It has 18 offices worldwide, including one office in Kolkata. IBM Global • IBM is a leading global IT services and solution provider with offices across the world, including Services India. • IBM has been present in India since 1992. The company’s Indian operations offers software, storage, systems and servers, semiconductors, etc.
• Since inception, IBM India has expanded its operations considerably with regional headquarters in Bangalore and offices in 14 cities including a global delivery centre in Kolkata.
74 BUSINESS OPPORTUNITIES West Bengal April 2010
IT – company profiles … (3/3)
Siemens • SISL is a leading systems integrator and total solutions provider offering high-end consultancy in areas Information such as healthcare, telecommunications, manufacturing, utilities, public sector and government. Systems Limited • The company’s services include enterprise solutions, management consulting, security solutions and (SISL) operation related services. • Its registered office is located at Mumbai, the company also has one office at Kolkata.
Wipro • Wipro is a global IT services company providing consulting, business process outsourcing, business technology services, enterprise application services, infrastructure management, testing, product engineering, engineering design and product support.
• The company is headquartered at Bangalore, is has one office at Kolkata.
ITC Infotech • ITC Infotech, a global IT services company, is a fully-owned subsidiary of ITC Limited, the US$ 5 billion diversified conglomerate.
• Headquartered in Bangalore with wholly-owned subsidiaries in UK and USA, ITC Infotech provides comprehensive solutions through development centres, offices, and delivery centres in North America, Europe and Asia Pacific, in addition to two delivery hubs in Bangalore and Kolkata.
Diadem • Diadem Technologies started operations in 1998. Technologies • The company is a web services provider offering web hosting, reseller hosting and domain services.
• It is headquartered at Kolkata.
75 BUSINESS OPPORTUNITIES West Bengal April 2010
Mineral resources
• The Raniganj coal belt accounts for over 30,147 million metric tonnes of quality coal. Reserves of coal bed methane (CBM), an alternative source of natural gas, in West Bengal is estimated as 1.64 million cu. ft.
• Rock phosphates deposits are found in Beldhi, Chirugora and Kutni regions of Purulia districts. Deposits of granite and kaolinite are found in Purulia, Bankura and the Birbhum districts.
• Good quality pegmetallic-quartz is available at Mirmi in the Purulia district, deposits of basalt-trap rocks used for preparing road metals are available in the Birbhum district.
Automobile and auto components
• The automobile industry in West Bengal is dominated by original equipment manufacturers (OEM).
• The auto-components industry comprises units manufacturing a range of products from simple nuts and bolts to complex items such as shafts, radiators and axles.
• Hindustan Motors is a leading player in West Bengal. The company is engaged in the manufacturing of passenger cars (Ambassador and Contessa) and multi utility vehicles (Trekker, Porter and Pushpak) in the state. The company is developing 314 acres of land near its Uttarpara plant to set up a township with a residential complex, an IT park and an auto-ancillary park.
76 BUSINESS OPPORTUNITIES West Bengal April 2010
Biotechnology
• West Bengal has many attributes that favour development of biotechnology industry. It has rich natural resources based on a diversity of flora and fauna.
• A wide variety of commercial crops are cultivated which can be improved by biotechnology interventions. Examples of such interventions are application of bio-fertilisers for soil fertility, bio- pesticides for environment friendly integrated pest management, genetic modification to produce golden rice, tissue culture for horticulture, floriculture and medicinal plants.
• Research institutes such as Bose Institute, Indian Institute of Chemical Biology, Indian Association for the Cultivation of Science, National Institute of Cholera and Enteric Diseases, Jadavpur University and Indian Institute of Technology, Kharaghpur are engaged in high quality research in various areas of biotechnology.
• A 30 acre biotechnology park is being set up at Baruipur, Kolkata to be known as Kolkata Biotech Park. The park is a joint venture with the University of Calcutta and Strategic Global Management (India) Private Limited.
77 BUSINESS OPPORTUNITIES West Bengal April 2010
Fishery
• The state has a long coastline of over 150 km and innumerable water bodies, which generate a huge potential for inland fishing and give it a prominent position in fish cultivation.
• West Bengal ranks first in freshwater fish production and second in shrimp aquaculture. The export market have increased manifold, over the years, for shrimps, prawns and processed fish produced in the state.
78 BUSINESS OPPORTUNITIES West Bengal April 2010
Agriculture and horticulture
• West Bengal comprises of six agro-climatic zones and offers a diverse variety of environs for agriculture and horticulture produce. It produces 250,000 tonnes of fruits and over 10 million tonnes of vegetables.
• The state ranks third in India in flower production after Karnataka and Tamil Nadu with an annual turnover of US$ 14 million. West Bengal accounts for 70 per cent of India’s dried-flower exports.
• There is good potential for exporting flowers like gladioli, gerbera, tuberose, rose and orchids to countries in the Netherlands, Middle-East, U.K and Japan.
• Indoor plants and foliages such as asparagus, palms, cycads and ferns are also grown in the state.
Livestock and dairy products
• The state has a favourable climate for poultry breeding and is considered as one of the most attractive poultry markets in India. It has enormous export potential in poultry and duck meat.
• West Bengal has the second-highest indigenous cattle population in the country and the second-highest poultry population in the country.
• The state is one of the leading producers of meat. The total production of meat in 2007-08 was 500,000 tonnes.
79 BUSINESS OPPORTUNITIES West Bengal April 2010
Major projects being implemented
Name of the project Promoter Cost Industry Project ownership (US$ million) Assam border-Gairkatta National Highways Authority of 46.7 Roadways Central Government NH-31C road project India Coal mining Satgram UG Eastern Coalfields Limited 46.1 Coal Central Government project Cement (Murshidabad) Century Textiles & Industries 43.5 Cement Birla BK Group project Limited Material handling equipment TIL Limited 43.4 Material Private (Indian) (West Bengal) project handling equipment Commercial complex Kolkata Metropolitan 43.4 Commercial State Government (Kolkata) Development Authority complexes Cement (Durgapur) project Birla Corporation Limited 42.1 Cement Birla MP Group expansion
Bandel-Naihati river bridge Eastern Railway 41.3 Railways Central Government project Paper (Ballavpur Ranigunj) Ballavpur Paper Manufacturing 41.3 Paper and Private (Indian) project Limited paper products
Source: projectstoday.com
80 BUSINESS OPPORTUNITIES West Bengal April 2010
Key projects being planned
Project name Promoter Cost Industry Project ownership (US$ million) Vegetable oils (Haldia) Suman Agritech Private 43.4 Vegetable oils Private (Indian) project Limited Consumer electronics Videocon International 43.4 Consumer electronics Videocon Group (Siliguri) project Limited Integrated steel (Durgapur) Jagdamba Fiscal Services 43.4 Primary steel Private (Indian) project Private Limited Integrated educational JIS Group 43.4 Other community Private (Indian) complex (Debrupayan services Nagar) Fabrication (Madhavpur) Bansal Poles & Towers 40.2 Iron and steel Private (Indian) project Limited products Rammam hydro-power West Bengal State 38.4 Hydel based power State Government project Stage-I Electricity Board Hospital (Kolkata) project Global Sunrise 38.0 Hospitals Private (Indian)
Cement grinding Century Textiles & 38.0 Cement BK Birla Group (Sagardighi) project Industries Limited
Source: projectstoday.com
81 WEST BENGAL April 2010
Contents
Advantage West Bengal
State economy and socio-economic profile
Infrastructure status
State policies and incentives
Business opportunities
Doing business in West Bengal
82 DOING BUSINESS IN WEST BENGAL West Bengal April 2010
Key approvals required
List of approvals and clearances required Department Incorporation of company Registrar of companies Registration, IEM, industrial licenses Department of industries, West Bengal State Government Permission for land use West Bengal Industrial Development Corporation Limited (WBIDC), West Bengal Industrial Infrastructure Development Allotment of land Corporation, West Bengal Small Scale Industries Development Corporation Site environmental approval No objection certificate and consent under Water and West Bengal Pollution Control Board (WBPCB) Pollution Control Act Registration under States Sales Tax Act and Central and State Excise Act Excise department, Government of West Bengal Commercial taxes Sanction of power West Bengal State Electricity Board, Kolkata Electric Supply Corporation, Damodar Valley Corporation, Durgapur Projects Power feasibility Limited, Dishegarh Power Supply Company Limited, according to Power connection area demarcated. Approval for construction activity and building plan Public works department, Government of West Bengal, State Water and sewerage clearance Water Investigation Department Water connection
83 DOING BUSINESS IN WEST BENGAL West Bengal April 2010
Cost of doing business in West Bengal
Cost parameter Cost estimates Source Cost of land (per sq ft) US$ 4 to US$ 100 Industry sources Hotel room cost (per night) US$ 108 to US$ 152 Indian hotel survey
Cost of office space US$ 4 to US$ 12 Industry sources (rent per sq ft) Cost of residential space US$ 2.6 to US$ 6.3 Industry sources (rent per sq ft) Power Commercial: 22 cents per kWh West Bengal State Electricity Distribution Industrial: 33 cents per kWh Company Limited Water Commercial and industrial: US$ 11 Kolkata Municipal Corporation to US$ 15 per month
Labour cost in West Bengal Minimum wages Industry Category of workers (US$/per day) Agriculture - 1.8 Un-skilled 2.5 Construction of roads and building Skilled 2.8 Un-skilled 1.8 Transport Skilled 2.8 Un-skilled 3.0 Industries Skilled 3.3
Source: Labour Department, Government of West Bengal 84 DOING BUSINESS IN WEST BENGAL West Bengal April 2010
Single-window approval mechanism
‘Shilpa Bandhu’ or the State Investment Facilitation Centre (SIFC) is the state-level nodal agency for single- window clearances in West Bengal. The purpose of ‘Shilpa Bandhu’ is to provide guidance and information to investors about policies and programmes of the state. The agency is monitored by an empowered committee.
SIFC offers assistance in the following areas: • Approvals from the Secretariat for Industrial Assistance and Foreign Investment Promotional Board. • Registration by Directorate of Industries. • Clearance from the Pollution Control Board. • All clearances related to power. • Identification, allotment, mutation/conversion of land and other infrastructural facilities. • Guidance to entrepreneurs on investment prospects in over 200 ready projects developed by WBIDC.
District Industry Centre (DIC) is the district-level committee for single-window clearance that provides sanctions and clearances for setting up small scale industrial (SSI) units in the state.
The committee is convened by the General Manager, District Industries Centre and includes the Environmental Engineer of the West Bengal Pollution Control Board, Superintending Engineer/Executive Engineer of PSEB, District Officer of Housing and Urban Development Authority and the Assistant Director of Factories.
85 DOING BUSINESS IN WEST BENGAL West Bengal April 2010
Key nodal agencies in West Bengal
West Bengal Industrial • The WBIDC focuses on financing of medium and large scale industries. Development Corporation • It provides assistance service and facilitates investment proposal through “Shilpa (WBIDC) Bandhu”.
West Bengal Industrial • The WBIIDC is responsible for balanced and well-planned industrial development in the Infrastructure Development state. Corporation (WBIIDC) • It promotes joint sector and assisted sector units in important industry segments.
• Set up in 1961, WBSIDC is the promotional agency for growth and development of West Bengal Small Industries industries and commercial activities in the small and medium sector in the state. Development Corporation Ltd (WBSIDC) • WBSIDC has developed 35 industrial and commercial estates all over the state.
West Bengal Electronics • WEBEL is responsible for the development of IT/ITeS industries in the state. Industry Development • It assists investors in obtaining all necessary approvals for new projects and facilitates Corporation Limited setting up of IT and electronics industry. (WEBEL)
• WBFC provides loans to small- and medium-scale industries.
West Bengal Finance • It focuses on the development of export oriented units. Corporation (WBFC) • It has special schemes such as the National Equity Fund scheme for setting up of nursing homes and for acquisition of electro-medical equipment.
86 DOING BUSINESS IN WEST BENGAL West Bengal April 2010
Contact list
Key agency Contact information
West Bengal Industrial Development Corporation 5, Council House Street (WBIDC) Kolkata - 700001 Phone: 91-33- 210 5361-65 Fax: 91-33-2248 3737 West Bengal Industrial Infrastructure Development 5, Council House Street, 3rd Floor Corporation (WBIIDC) Kolkata - 700001 Phone: 91-33-2230 5804-08 West Bengal Small Industries Development Corporation Shilpa Bhawan, 31, Black Burn Lane, 2nd floor Limited (WBSIDC) Kolkata - 700 012, Phone: 91-33-2237 3895 Fax: 91- 33-2234 6057 West Bengal Electronics Industry Development Webel Bhavan, Block - EP & GP, Sector - V, Salt Lake Corporation Limited (WEBEL) Kolkata - 700091 Phone: 91- 033-2357 1704/06 Fax : 91-33-2357 1708 /23571739 West Bengal Finance Corporation (WBFC) 12A, Netaji Subhas Road, 3rd and 4th Floor, Kolkata - 700001 Phone: 91-33-2230 0055/3259/4954/3083 Fax: 91-33-2230 1250
87 DOING BUSINESS IN WEST BENGAL West Bengal April 2010
Annexure
Exchange rates
Year INR equivalent of one US$
2000 46.60 2001 48.30 2002 48.04 2003 45.60 2004 43.70 2005 45.20 2006 45.00 2007 42.00 2008 40.20 2009 46.00
Average for the year
88 WEST BENGAL April 2010
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