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IBEF Presentataion WEST BENGAL CULTURALLY ARTISTIC For updated information, please visit www.ibef.org July 2017 Table of Content Executive Summary .…………….….……...3 Advantage State ...………………………….4 Vision 2022 …………..……..…………..…..5 West Bengal – An Introduction …….……....6 Annual Budget 2015-16 ……………………18 Infrastructure Status ..................................19 Business Opportunities ……..…………......42 Doing Business in West Bengal …...……...63 State Acts & Policies ….….………..............68 EXECUTIVE SUMMARY One of the largest state . West Bengal, India’s 6th largest economy, had a gross state domestic product (GSDP) of US$ 140.56 billion economies in 2016-17. The state’s GSDP grew at a CAGR of 10.42% during 2005-16. Kolkata as the next IT . By 2015-16, 8 IT parks located at Barjora, Rajarhat, Asansol, Durgapur Phase II, Bolpur, Siliguri Phase II, Puralia & Kharagpur started operating. Establishment of 7 new IT parks at Haldia, Krishnanagar, Kalyani, hub Bantala, Taratala, Howrah, Malda is expected to start soon in next 5 years. Major producer of . In 2016-17, West Bengal was the 2nd largest producer of potato in India, accounting for about 25.06% of the potato country’s potato output. The state’s potato production stood at 11 million tonnes in 2016-17. West Bengal is the largest producer of rice in India. In 2016-17, rice production in West Bengal totalled to Largest rice producer 16.2 million tonnes, which is expected to cross 17 million tonnes by 2017. West Bengal is the 3rd largest state in India in term of mineral production, accounting for about one-fifth of Coal rich state total mineral production. Coal accounts for 99% of extracted minerals. Source: Statistics of West Bengal, Government of West Bengal 3 WEST BENGAL For updated information, please visit www.ibef.org ADVANTAGE: WEST BENGAL 2014-15 Geographic and cost advantage Rich labour pool 2022-23 T . Location advantage makes the state a traditional . There are 22 universities and sizeable research market for eastern India, the Northeast, Nepal and institutes in West Bengal. It is host to top-notch Annual Bhutan. It is also a strategic entry point for markets in institutes like IIT Kharagpur and NIT-Durgapur. Annual textile sales South-East Asia. Knowledge of English is an advantage for the textile sales US$ 4.5 . Cost of operating a business is lower in Kolkata than in workforce of West Bengal, especially in Kolkata. US$ 21.5 billion other metropolitan cities. billion Advantage West Bengal Scope for industrial Excellent connectivity Progress . West Bengal offers excellent connectivity to the rest of . West Bengal has abundant natural resources of India in terms of railways, roadways, ports and airports. minerals and suitable agro-climatic conditions for . Major stretches of the golden quadrilateral project also agriculture, horticulture and fisheries. It is in the vicinity pass through the northern districts of the state. of mineral rich states like Jharkhand, Bihar and Odisha. In Dec 2016, the central government has approved a . The contribution of the textile industry to the state’s US$ 1 billion highway project connecting West Bengal GSDP is targeted to rise to 10% by 2022-23. with three countries – Bangladesh, Nepal and Bhutan. Note: T – Target Source: West Bengal Vision 2022-23, News articles 4 WEST BENGAL For updated information, please visit www.ibef.org VISION – 2022 . Red tapism to be minimised or . Development of sanitation and removed and encouraging hygiene infrastructure, supporting transparency in governance. urban development. Encouraging technological . Ensuring fresh water supply and innovation in providing services and clean drinking water in rural areas. governance. Facilitating road connectivity throughout the state, upgrading Sanitation & . Building niche for manufacturing Governance air transportation, transformation hygiene and services sector in state. of the state’s port to world class . Providing funding support, facilities for container Transportation Economic infrastructure, land and logistics management and shipping. infrastructure development to high importance sectors. Vision 2022 . Ensuring primary education to all. Providing appropriate Education Agriculture . Upgradation of capacity, transportation, irrigation and infrastructure and teaching methods storage facilities. of higher educational institutes. Training farmers to use Health Power generation . Encouraging skill based education scientific agri practices. (vocational training). Use of innovative crop production methods, research, new seed technologies. Implementation of social security . The state to act as an exporter schemes and enforcing various of power. health & food policies. Introducing reforms in sector to . Improving medical infrastructure by improve overall efficiency. improving quality of healthcare. Encouraging renewable energy power plants. Note: HYV: High Yielding Variety Source: Confederation of Indian Industry 5 WEST BENGAL For updated information, please visit www.ibef.org WEST BENGAL FACT FILE Parameters West Bengal Capital Kolkata Geographical area (lakh sq. km) 88,752 Administrative districts (No) 19 Population density (persons per sq. km) 1,028 Source: Maps of India . West Bengal is situated in eastern India and shares its borders with Total population (million) 91.3 Jharkhand, Bihar, Odisha, Sikkim and Assam. The state also shares international borders with Bangladesh, Bhutan and Nepal. The Bay Male population (million) 46.9 of Bengal is in the south of the state. Bengali is the official language of the state, though English and Hindi Female population (million) 44.4 are also widely used. Nepali is spoken primarily in Darjeeling district. Kolkata, Siliguri, Asansol, Durgapur, Raniganj, Kharagpur, Haldia, Darjeeling, Malda, Midnapore, Cooch Behar and Howrah are some Sex ratio (females per 1,000 males) 957 of the key cities in the state. West Bengal's climate varies from tropical savannah in the southern Literacy rate (%) 77.1 portions to humid sub-tropical in the north. Source: West Bengal Industrial Development Corporation, Census 2011 6 WEST BENGAL For updated information, please visit www.ibef.org WEST BENGAL IN FIGURES … (1/2) Parameter West Bengal All states Source Economy 2015-16 2015-16 Directorate of Economics & Statistics of West GSDP as a percentage of all states’ GSDP 6.51 100.0 Bengal, Central Statistics Office Directorate of Economics & Statistics of West GSDP growth rate (%) 14.89 8.71 Bengal, Central Statistics Office Directorate of Economics & Statistics of West Per capita GSDP (US$) 1,539.50 1,546 Bengal, Central Statistics Office Physical Infrastructure Installed power capacity (MW) 10,532.78 330,273.65 Central Electricity Authority, as of June 2017 1 Telecom Regulatory Authority of India, as of May Wireless subscribers (No) 58,712,093 1,180,824,744 2017 1 Telecom Regulatory Authority of India, as of Internet subscribers (No) 16,580,000 422,200,000 March 2017 NHAI, Roads and Building Department- National highway length (km) 2,909.8 100,087.08 Government of India Major and minor ports (No) 2 13+187 Indian Port Association Airports (No) 3 125 Airports Authority of India Note: 1including West Bengal and Sikkim 7 WEST BENGAL For updated information, please visit www.ibef.org WEST BENGAL IN FIGURES … (2/2) Parameter West Bengal All states Source Social Indicators Literacy rate (%) 77.1 73.0 Census, 2011 Birth rate (per 1,000 population) 16.0 21.6 SRS Bulletin Investment 1 Department of Industrial Policy & Promotion, April FDI equity inflows (US$ billion) 3.98 332.11 2000 to March 2017 Industrial Infrastructure DEA , Ministry of Finance, Government of India, July PPP projects Completed & Operational (No) 31 1,246 2016 Notified as of April 2017, Ministry of Commerce & Operational SEZs (No) 7 200 Industry, Department of Commerce, April 2017 1Includes West Bengal, Sikkim and Andaman & Nicobar Islands 8 WEST BENGAL For updated information, please visit www.ibef.org ECONOMIC SNAPSHOT – GSDP GSDP of West Bengal at current prices (in US$ billion) GSDP per capita of West Bengal at current prices (in US$) 160 1800 CAGR 9.61% CAGR 10.42% 140 1600 120 1400 140.56 1200 100 1539.5 132.86 1000 1450.45 1282 1276 1257 117.43 114.81 80 114.18 1133 800 101.05 60 952 858 84.12 600 847 74.1 74.36 40 400 676 615 57.97 20 52.16 200 0 0 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 . At current prices, gross state domestic product (GSDP)* of . The state’s per capita GSDP^ in 2015-16 was US$ 1,539.50 West Bengal is estimated at US$ 140.56 billion in 2015-16. as compared to US$ 615 in 2005-06. The average annual GSDP growth rate from 2005-06 to 2015- . The per capita GSDP increased at a compound annual growth 16 was about 10.42%. rate (CAGR) of 9.61% between 2005-06 and 2015-16. Note: GSDP* - State Plan Budget Estimates 2015-16, Per Capita GSDP^ - calculated using GSDP million US$/Population in million Source: Directorate of Economics & Statistics of West Bengal, Central Statistics Office 9 WEST BENGAL For updated information, please visit www.ibef.org ECONOMIC SNAPSHOT – NSDP NSDP of West Bengal at current prices (in US$ billion) NSDP per capita of West Bengal at current prices (in US$) 140 CAGR 10.11% 1600 CAGR 9.31% 120 1400 1200 100 124.54 120.93 1000 1364.02 107.3 1320.22 1171 1167 80 104.5 1151 105.03 800 1036 92.34 60 865 76.45 784 600 769 67.3 40 67.92 400 616 560 52.86 20 47.51 200 0 0 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 . At current prices, net state domestic product (NSDP)# of West .
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