Bengal
At a Glance
West Bengal is situated in eastern India and shares its borders with Jharkhand, Bihar, Odisha, Sikkim and Assam. The State also shares international borders with Bangladesh, Bhutan and Nepal. The Bay of Bengal is at the south of the State
4th largest state economy in India.
Largest inland waterways in India in terms of spread,density and reach
2nd largest producer of tea in India
Largest producer of vegetable in india
2nd highest number of MSMEs
3rd Largest producer of finished leather products in India.
Strategic
Location
The state has a vast network of railways and roadways, running over 4,100 km and 316,700 km respectively, and natural maritime advantages with potential navigable waterways including NW-1, NW - 5 and waterfront of 950 km. The state is well connected globally with Haldia and Kolkata ports and an international airport in Kolkata.
The strategically important Siliguri Corridor is situated in West Bengal and connects eight North-Eastern states to the rest of India
The state also provides easy access to important international trade routes to countries such as Australia, Bangladesh, China, Malaysia, New Zealand and Singapore.
Industrial
Corridors
The 2,000-km Amritsar-Kolkata Industrial Corridor will be operational by 2019 and span 20 cities in seven states.
Eastern Dedicated Freight Corridor, with an electrified double-track segment of 1,409 km between Dankuni in West Bengal and Khurja in Uttar Pradesh
The proposed Bangladesh, Myanmar, India and China Economic Corridor will be the first direct expressway between India and China, making West Bengal a fulcrum of international trade
Marine
connectivity
Kolkata & Haldi port
is a maritime gateway for international trade routes reaching more than 1.9 billion people in Asia and Australasia.
Two upcoming deep sea ports,expected to start by 2019:
Deep-sea port at Tajpur,
with docking capacity of 60,000 tonnes and other port near Kulpi.
Major deep sea port
at Bhor Sagar
Electricity
Supply
West Bengal ranks highest in terms of state power availability - 100% of villages are electrified thanks to a 13,825 MW generating station and 12,723 km transmission network capacity.
Natural
resources
About 20% of India’s minerals can be traced to West Bengal, the third-largest producer. Sulphur, silica and quartz are some of the deposits found, while total coal reserves are estimated at 31 billion tonnes.
Deocha-Pachami is the largest coal block being developed under the public-private partnership model.
Support for
MSMEs
West Bengal is home to the second-largest number of micro, small and medium enterprises, numbering 3.7 million businesses that employ 8.6 million people. The government has established a INR 200 cr venture capital fund to bolster MSMEs in the state.
Sector-specific
incentives
Large-scale industries can take advantage of VAT refunds of up to 80-90%, as well as central sales tax reimbursement, among other exemptions. Separate benefits extend to textiles, IT and startup industries.
The international business community has taken note of the economic prowess of Bengal showcased by the pedigree of brands that have already set up shop. ITC, The Tata Group, Genpact, IBM, Accenture, Coca-Cola and Indian Oil, have all chosen to ride the growth.
India’s
Growth
As West Bengal is remaking its future through adept planning and leveraging limitless human capital, it won’t be long before it claims its rightful place as India’s growth engine.
And
A successful mix of modern infrastructure, progressive business policies and emphasis on developing core sectors has thrust West Bengal near the top of India’s global investment ladder and thereby proving to the world that it means business