Transcript Slide 1

West Bengal
India’s
Premiere
Investment
Destination
West Bengal
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
…backed by
Planned progression in policy focus:
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
West Bengal
Economic Growth
 3rd highest growth rate
amongst Indian states
 Strong rural economy
 Lower income disparities
 Rise in disposable income
... leading a resurgence
in the industrial sector
West Bengal
Consistent Economic Growth
 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
West Bengal
… 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
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
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
Super Power
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.
West Bengal
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
Quality of Life
 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
Business Opportunities
West Bengal
IT & IT Enabled Services
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
Business Opportunities
West Bengal
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).
Business Opportunities
West Bengal
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
Business Opportunities
West Bengal
Chemicals & Petrochemicals
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
Business Opportunities
West Bengal
Petroleum, Chemical &
Petrochemicals Investment
Region (PCP IR)
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
Business Opportunities
West Bengal
Iron & Steel
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…
Business Opportunities
West Bengal
Iron & Steel
Driven by
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…
Business Opportunities
West Bengal
Automobiles and Two-wheelers
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
Business Opportunities
West Bengal
Automobiles and Two-wheelers
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.
Business Opportunities
West Bengal
Automobiles and Two-wheelers
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
Business Opportunities
West Bengal
Leather, Gems & Jewellery
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
Business Opportunities
West Bengal
Toys
 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
Incentives Galore
West Bengal
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 offers
 Favourable location
 Good quality of life
 Cost Advantage
 Favourable policy environment
 Safety and security
 Political Stability
 Welcoming Government
ARIGATO
GOZAIMASU