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West Bengal Culturally Artistic WEST BENGAL CULTURALLY ARTISTIC DECEMBEROCTOBER 2016 2013 For updated information, please visit www.ibef.org 1 WEST BENGAL CULTURALLY ARTISTIC 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 DECEMBEROCTOBER 2016 2013 For updated information, please visit www.ibef.org 2 WEST BENGAL CULTURALLY ARTISTIC EXECUTIVE SUMMARY • West Bengal, India’s sixth largest economy, had a gross state domestic product (GSDP) of One of the largest state US$ 132.86 billion in 2014-15. The state’s GSDP grew at a CAGR of 10.57% during 2005- economies 16. • By 2015-16, eight IT parks located at Barjora, Rajarhat, Asansol, Durgapur Phase II, Kolkata as the next IT Bolpur, Siliguri Phase II, Puralia and Kharagpur started operating. Establishment of seven hub new IT parks at Haldia, Krishnanagar, Kalyani, Bantala, Taratala, Howrah, Malda is expected to start soon in next five years. Major producer of • In 2014-15, West Bengal was the second largest producer of potato in India, accounting for about 21.41% of the country’s potato output. The state’s potato production stood at potato 9.03 million tonnes in 2014-15. • West Bengal is the largest producer of rice in India. In 2015-16, rice production in India Largest rice producer totalled to16.10 million tonnes, which is expected to cross 17 million tonnes by 2017. • West Bengal is the third largest state in India in term of mineral production, accounting for Coal rich state about one-fifth of total mineral production. Coal accounts for 99% of extracted minerals. Source: Statistics of West Bengal, Government of West Bengal DECEMBEROCTOBER 2016 2013 For updated information, please visit www.ibef.org 3 WEST BENGAL CULTURALLY ARTISTIC ADVANTAGE: WEST BENGAL 2014-15 GeographicGrowing demand and cost Rich labour pool 2022-23 T advantage • There are 22 universities and sizeable research institutes in West Bengal. It Annual • Location advantage makes the state a Annual is host to top-notch institutes like IIT traditional market for eastern India, textile sales Kharagpur and NIT-Durgapur. textile sales US$ 4.5 the Northeast, Nepal and Bhutan. It is US$ 21.5 also a strategic entry point for markets • Knowledge of English is an advantage billion in South-East Asia. for the workforce of West Bengal, billion especially in Kolkata. • Cost of operating a business is lower in Kolkata than in other metropolitan cities. Advantage West Bengal Scope for industrial Excellent connectivity progress • West Bengal offers excellent connectivity to the rest of India in terms of railways, • West Bengal has abundant natural resources of minerals and suitable roadways, ports and airports. agro-climatic conditions for • Major stretches of the golden agriculture, horticulture and fisheries. quadrilateral project also pass through It is in the vicinity of mineral rich the northern districts of the state. states like Jharkhand, Bihar and • In June 2014, the state has proposed for Odisha. a highway project to the Union cabinet • The contribution of the textile industry for connecting it with three countries – to the state’s GSDP is targeted to rise Bangladesh, Nepal and Bhutan. to 10% by 2022-23. Source: West Bengal Vision 2022-23 T – Target, News articles DECEMBEROCTOBER 2016 2013 For updated information, please visit www.ibef.org 4 WEST BENGAL CULTURALLY ARTISTIC WEST BENGAL – VISION 2022 • Development of sanitation and • Red tapism to be minimised or hygiene infrastructure, supporting removed and encouraging urban development. transparency in governance. • Ensuring fresh water supply and • Encouraging technological clean drinking water in rural innovation in providing services areas. and governance. • Facilitating road connectivity • Building niche for manufacturing and services throughout the state, Sanitation & Governance sector in state. upgrading air transportation, hygiene transformation of the state’s • Providing funding support, port to world class facilities for infrastructure, land and Transportation Economic container management and logistics to high importance infrastructure development shipping. Vision sectors. 2022 • Providing appropriate • Ensuring primary education to all. Education transportation, irrigation and Agriculture • Upgradation of capacity, storage facilities. infrastructure and teaching • Training farmers to use methods of higher educational Power generation scientific agri practices. Health institutes. • Use of innovative crop • Encouraging skill based education production methods, (vocational training). research, new seed technologies. • Implementation of social security • The state to act as an schemes and enforcing various exporter of power. health & food policies. • Introducing reforms in sector • Improving medical infrastructure to improve overall efficiency. by improving quality of • Encouraging renewable healthcare. energy power plants. Source: Confederation of Indian Industry HYV: High Yielding Variety DECEMBEROCTOBER 2016 2013 For updated information, please visit www.ibef.org 5 WEST BENGAL CULTURALLY ARTISTIC WEST BENGAL FACT FILE Kolkata, Siliguri, Asansol, Durgapur, Raniganj, Kharagpur, Haldia, Darjeeling, Malda, Midnapore, Cooch Behar and Howrah are some of the key cities in the state. West Bengal's climate varies from tropical savannah in the southern portions to humid sub-tropical in the north. West Parameters Bengal Capital Kolkata Geographical area (sq km) 88,752 Administrative districts (No) 19 Population density (persons per sq 1,028 Source: Maps of India km) Total population (million) 91.3 West Bengal is situated in eastern India and shares its borders with Jharkhand, Bihar, Odisha, Sikkim and Assam. Male population (million) 46.9 The state also shares international borders with Female population (million) 44.4 Bangladesh, Bhutan and Nepal. The Bay of Bengal is in the south of the state. Sex ratio (females per 1,000 males) 957 Bengali is the official language of the state, though English Literacy rate (%) 77.1 and Hindi are also widely used. Nepali is spoken primarily in Darjeeling district. Source: West Bengal Industrial Development Corporation, Census 2011 DECEMBEROCTOBER 2016 2013 For updated information, please visit www.ibef.org 6 WEST BENGAL CULTURALLY ARTISTIC WEST BENGAL IN FIGURES … (1/2) Parameter West Bengal All states Source Economy 2015-16 2015-16 GSDP as a percentage of all Directorate of Economics & Statistics of West Bengal, 6.51 100.0 states’ GSDP Central Statistics Office Directorate of Economics & Statistics of West Bengal, GSDP growth rate (%) 14.89 8.64 Central Statistics Office Directorate of Economics & Statistics of West Bengal, Per capita GSDP (US$) 1,539.50 1,546 Central Statistics Office Physical Infrastructure Installed power capacity (MW) 9,988.40 304,505.75 Central Electricity Authority, as of June 2016 1 Wireless subscribers (No) 49,683,646 1,033,157,014 Telecom Regulatory Authority of India, as of May 2016 1 Internet subscribers (No) 12,800,000 334,340,000 Telecom Regulatory Authority of India, as of January 2016 National highway length (km) 2,909.8 100,087.08 NHAI & Roads and Building Department Major and minor ports (No) 2 13+187 Indian Port Association Airports (No) 3 125 Airports Authority of India 1including West Bengal, Andaman & Nicobar, Sikkim DECEMBEROCTOBER 2016 2013 For updated information, please visit www.ibef.org 7 WEST BENGAL CULTURALLY ARTISTIC WEST BENGAL IN FIGURES … (2/2) Parameter West Bengal All states Source Social Indicators Literacy rate (%) 77.1 73.0 Census 2011 Birth rate (per 1,000 population) 16.0 21.6 SRS Bulletin Investments Department of Industrial Policy & Promotion, FDI equity inflows (US$ billion) 3.931 288.63 From April 2000 to March 2016 Industrial Infrastructure Completed and operational PPP projects Ministry of Finance, Government of India, July 31 1,246 (No) 2016 Ministry of Commerce & Industry, Department Operational SEZs (No) 7 186 of Commerce, July 2016 1Includes West Bengal, Sikkim and Andaman & Nicobar Islands DECEMBEROCTOBER 2016 2013 For updated information, please visit www.ibef.org 8 WEST BENGAL CULTURALLY ARTISTIC ECONOMIC SNAPSHOT – GSDP At current prices, gross state domestic product (GSDP)* of GSDP of West Bengal at current prices West Bengal is estimated at US$ 140.56 billion in 2015-16. (in US$ billion) The average annual GSDP growth rate from 2004-05 to 140.56 2015-16 was about 10.57%. 132.86 114.81114.18117.43 101.05 84.12 74.36 74.1 57.97 52.16 46.56 Source: Directorate of Economics & Statistics of West Bengal, Central Statistics Office GSDP* - State Plan Budget Estimates 2015-16 DECEMBEROCTOBER 2016 2013 For updated information, please visit www.ibef.org 9 WEST BENGAL CULTURALLY ARTISTIC ECONOMIC SNAPSHOT – NSDP At current prices, net state domestic product (NSDP)# of NSDP of West Bengal at current prices West Bengal was estimated at US$ 124.54 billion in 2015- (in US$ billion) 16. The average annual NSDP growth rate from 2004-05 to 120.93124.54 2015-16 was about 10.29%. 105.03 104.5 107.3 92.34 76.45 67.92 67.3 52.86 47.51 42.4 Source: Directorate of Economics & Statistics of West Bengal, Central Statistics Office NSDP# - calculated using per capita NSDP x Population in million DECEMBEROCTOBER 2016 2013 For updated information, please visit www.ibef.org 10 WEST BENGAL CULTURALLY ARTISTIC ECONOMIC SNAPSHOT – PER CAPITA GSDP The state’s per capita
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