June 28, 2018
Industrial production in Bengal has increased by 250%
The rate of industrial production in Bengal has increased by 250 per cent over the last seven years, which is the period of the Trinamool Congress Government.
This fact came to the fore through a recent report, ‘Progress of the State’ (‘Rajyer Agragati’) published by the State Government. While it was 2.2 per cent in the 2011-12 fiscal, it has steadily increased to stand at 7.9 per cent in the 2017-18 fiscal.
Among other data presented in the report is the increase in yearly exports by value, from 711 crore US dollars to 825 crore US dollars, which is an increase of 16 per cent. A roadmap has already been prepared for doubling exports within the next three years.
A lot of stress is being given on promoting export-oriented activities, especially by micro, small and medium enterprises (MSME). Suitable infrastructure is being built up.
According to the report, for exports, stress is being given on steel, gold, high-value metals, readymade garments and vegetables.
For the development of industrial infrastructure in Bengal, investment made in 2017 was Rs 989 crore, which was only Rs 243 crore in 2011. The State Government had made investments worth Rs 3,602.53 crore over the last seven years.
Investments for development of industrial infrastructure have also come about through the highly successful Bengal Global Business Summits. From 2015 to 2018, over the course of four summits, investment proposals worth Rs 9,48,568.77 crore have come about.