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West Bengal

West Bengal. India’s Premiere Investment Destination. Strategically Placed. Gateway to South-East Asia Hinterland comprises all of Eastern and North-Eastern India 2nd largest Centre of Trade Oldest Centre of industry Traditional leader in knowledge Cultural Capital of India.

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West Bengal

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  1. West Bengal India’s Premiere Investment Destination

  2. Strategically Placed Gateway to South-East Asia Hinterland comprises all of Eastern and North-Eastern India 2nd largest Centre of Trade Oldest Centre of industry Traditional leader in knowledge Cultural Capital of India West Bengal

  3. …backed by Planned progression in policy focus: West Bengal from agriculture and land reforms (’70s-’80s) to growth led by industry & services New Industrial Policy 1994 Sector-specific policies on • Agri-Business and Food Processing • IT • Biotech • Infrastructure • Chemicals And Petrochemicals (Under Preparation) ... along with a new pro-active labour policy

  4. Economic Growth West Bengal • 3rd highest growth rate amongst Indian states • Strong rural economy • Lower income disparities • Rise in disposable income ... leading a resurgence in the industrial sector

  5. Consistent Economic Growth West Bengal • State Domestic Product: USD 145 Bn (05-06) CAGR - 13.6% (94-05) • Strong fundamentals • Vibrant Services Sector (61 % of NSDP) driven by - IT / ITES - Real estate/construction - Retail - Trading & - Hospitality

  6. … based on a strong agrarian sector • 23% of NSDP from agriculture • Highest agricultural growth rate in India – average of 4.5% over the last 10 years • Model of ‘intensive agriculture’ – high productivity on small land holdings • Leader in several products despite small land area (3% of India’s total) • High production in inland fisheries and marine products West Bengal

  7. Bullish Investment Trends • Consistent level of investment in • manufacturing of over $450 mn. in each of • the last 5 years • A total investment of US $493 mn. in 2004 • with 196 projects and an investment of US • $553 mn. in 2005 with 227 projects. • Excludes investment in infrastructure, • mining, electricity, small scale industry and • services • Key contributors: Chemicals & • Petrochemicals, Metals especially Iron & • Steel, Textile, Food Processing West Bengal

  8. In forefront of Connectivity • Two domestic airports – Kolkata and Bagdogra; International airport at Kolkata • New international airport proposed near Kolkata • Over 57,600 Km of roads including 13 National Highways • Kolkata & Haldia ports handle 46,000+ tons of cargo traffic (2004-05) 2nd highest in India • Work on Dedicated Rail Freight Corridor between Delhi and Kolkata started with Japanese assistance • Feasibility study of a deep water port near Kolkata started West Bengal

  9. Super Power West Bengal • NASSCOM – Gartner ranks West Bengal’s • Power Infrastructure the best in the country. • Power surplus state with 7616 MW • installed capacity (supplying 100 MW • ‘off-peak-power’ to its neighbouring states) • with another 2400 MW under implementation. • Lowest cost in India - $0.06 per unit for • industrial use.

  10. Highly Qualified Human Capital • Premier Indian state in manpower resource • 16 Universities, 67 Engineering Colleges 450 Degree Colleges • Every year … 160,000 enrollments in 16 Universities more than 13,000 graduate engineers • International level Institutions - Indian Institute of Technology (IIT) and Indian Institute of Management (IIM) • Other Premier institutions: Indian Statistical Institute, Jadavpur University, Presidency College, St. Xavier’s College West Bengal

  11. Quality of Life West Bengal • Calcutta – The lowest price index and • ... the best quality of life among Indian metros • Good social infrastructure, from health and education to recreation and retail • Safety and security – the lowest crime rate among major states in India

  12. IT & IT Enabled Services West Bengal Business Opportunities • Leveraging - rich talent pool • - low-cost infrastructure • - world-class connectivity • Low costs (real estate, employee salaries) • 60% of Mumbai & Bangalore • Rated • 2nd most attractive IT / ITeS destination in India Source: Hewitt Associates Study, 2004

  13. IT & IT Enabled Services • 235 companies, 31,000 IT professionals operate • from Salt Lake, Calcutta • Export turnover of US $563mn during ‘04-’05 • Fresh Investments - over US $178 mn(‘02-’04) • IT Services: IBM, Cognizant Technologies, • PWC, TCS, Wipro • IT enabled Services / BPO: Wipro BPO, • GE Capital, HSBC • Videocon Group have announced two projects • in Kolkata - a US $176 mn. IT Park in Salt • Lake City and a US $22 mn. LCD Television Set • manufacturing unit at Taratalla, about 7 kms • from the Central Business District (CBD). West Bengal Business Opportunities

  14. Food Processing • 1st in rice production in the country • 2nd in potato production • 3rd in flower production • Grows 145 different varieties of medicinal • plants & herbs • Substantial producer of spices, coconut, • cashew nut, betel vine & oil seeds • Accounts for 10% of the country’s total edible oil production • 6 Agri Export zones across the State • 40 hectares Food Park commissioned at Sankrail, Howrah – only 25 kms from Kolkata • Several new Food processing Parks are on the • anvil West Bengal Business Opportunities

  15. Chemicals & Petrochemicals West Bengal Business Opportunities • Investments of over US $ 2.04 bn in the • last five years – highest amongst all sectors • Key advantages include ready availability of • petrochemicals, availability of ready market for • end products and export facilities through Haldia • port • Opportunities for SBR, PBR, • Styrene,Polystyrene, Aromatics and • Polyolefin downstream projects • Opportunities for condensate refinery

  16. Petroleum, Chemical & Petrochemicals Investment Region (PCP IR) West Bengal Business Opportunities • Haldia to be developed as a Petroleum, Chemical & Petrochemicals Investment Region to be set up in 25,000 hectares • Site identification (Completed) • Land acquisition of 10,000 hectares – In Progress • Indian Oil Corporation is the anchor investor • Two new Special Economic Zones in the PCPIR being set up by a consortium led by Salim group of Indonesia • Several International Companies are expected to invest • World class infrastructure with Government of India support

  17. Iron & Steel West Bengal Business Opportunities • 1991-2004 – 234 new industries, • US $1.84 bn invested in this sector – • 2nd highest amongst all sectors • 75 projects worth over US $ 990 mn in the pipeline • Two new Mega Steel Projects by Jindal group of 5 • MT and Bhoosan group (2 MT) coming up in the • state • Product range : Steel ingots, Ferro-alloys, Sponge iron, • Pig iron, Billets,Forgings, Bars, Plates…

  18. Iron & Steel Driven by West Bengal Business Opportunities • Boom in demand – internal demand • driven by infrastructure growth, • international demand led by China • Policy environment – repeal of the freight • equalization policy, allowing West Bengal • to leverage its locational strengths. • Proximity to raw materials and power sources • Opportunities for value added • products, engineering goods, machine & • tools, forging, automobile components…

  19. Automobiles and Two-wheelers West Bengal Business Opportunities • Tata Motors Limited is setting up their • Small Car project at Singur in Hooghly District. • The car project is of US $ 220 mn spread over 405 • Hectares of land. • Telcon, a A joint venture of Hitachi and Tata • Motors setting up a US $55 mn. earth- moving • equipment plant at Kharagpur • A truck manufacturing plant by Indian venture of Ural • of Russia set up at Haldia • A Transport Equipment plant being set up by Gorica • of Slovenia • First mover advantage for auto component • manufacturers and ancillary units

  20. Automobiles and Two-wheelers West Bengal Business Opportunities • Boost in demand for automobiles thanks to growing spending power • Phenomenal growth in 2-wheeler sales in • the East-1.22 mn. units sold in ‘02 and 1.68 mn. • in ’03 • Mahabharat Motorcycles Limited of Indonesia • is setting up a 2 wheeler - manufacturing unit at • Uluberia, Howrah • Global Automobiles Pvt. Limited, • a joint venture company between • Xinitis Group and Guangzhou of China is also • coming up with a 2-wheeler unit in Hooghly • District.

  21. Automobiles and Two-wheelers West Bengal Business Opportunities • Ready land available in Kharagpur – • near the Indian Institute of Technology, • 2 hrs. by train from Kolkata, • connected by 4-lane highway, • assured power and water • Close proximity to a major port,major steel centres, • and ready availability of skilled manpower • Land also available at Haldia and Durgapur • Opportunities for automobile and auto component • manufacturing and ancillaries

  22. Leather, Gems & Jewellery West Bengal Business Opportunities • Availability of best quality ‘blue’ goatskin and • skilled craftsmen; Exports of US $ 660 mn of • leather products, gems & jewellery, natural silk • yarn / fabrics during ‘04-05; • Leather Park including leather SEZ set up in • public private partnership (PPP) • SEZ for gems & jewellery set up in Kolkata and exports operational. Annual Export of • $ 200 Million from the SEZ

  23. Toys West Bengal Business Opportunities • Toys – a globally growing business has an estimated annual turnover of US$ 71 billion. • Estimated present demand of toys in India is US$ 91 million • Light Industries Park provides exclusive space for Toy units

  24. On Offer • Subsidies on capital investment and • interest payments • Waiver of stamp duty, registration fees and • electricity duty • Employment generation incentives • Subsidy on electricity for power intensive sectors • Industrial Promotion Assistance for Mega Projects • Incentives on Technology and • quality upgradation initiatives • Customized Incentive Package for Mega • Investment projects West Bengal Incentives Galore

  25. West Bengal offers • Favourable location • Good quality of life • Cost Advantage • Favourable policy environment • Safety and security • Political Stability • Welcoming Government

  26. ARIGATO GOZAIMASU

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