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West Bengal India’s Premiere Investment Destination.

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Presentation on theme: "West Bengal India’s Premiere Investment Destination."— Presentation transcript:

1 West Bengal India’s Premiere Investment Destination

2 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

3 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 …backed by West Bengal Planned progression in policy focus:

4 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 Economic Growth

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

6 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 … based on a strong agrarian sector

7 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

8 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 ( ) 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 In forefront of Connectivity 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 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 Highly Qualified Human Capital West Bengal

11 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 Quality of Life West Bengal

12 Business Opportunities 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

13 West Bengal Business Opportunities 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).

14 Food Processing West Bengal Business Opportunities 1 st in rice production in the country 2 nd 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

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 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 Petroleum, Chemical & Petrochemicals Investment Region (PCP IR) West Bengal Business Opportunities

17 Iron & Steel – 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… West Bengal Business Opportunities

18 Iron & Steel 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… Driven by

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 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 West Bengal Business Opportunities

23 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 Toys West Bengal Business Opportunities

24 On Offer West Bengal Incentives Galore 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

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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