Bengal surging ahead in Horticulture

Actions speak louder than rhetoric.  Date regarding horticulture clearly show that this sector has registered immense growth under Trinamool. Here is a comparison of parameters during the last 3 years of the CPM rule ( 2008-09, 2009-10, 2010-11) and the first 3 years of Trinamool’s governance ( 2011-12, 2012-13, 2013-14):

 

Poly House and Shed Net House: 

Poly Houses and Shed Net Houses are built for climate controlled ventilated areas which are essential for horticulture.  Poly house concept emerged to undertake adverse environmental conditions such as excess rainfall, temperature, cold conditions, airflow etc. India and Holland both have more or less the same area under flower cultivation, but Holland amounts to 70% of flower export and India about 1% in the global market. The difference is due to use of Poly houses and Shed net houses and use of advanced technology.

Graph 1_horticulture

In terms of new area covered under Poly house technology and Shed net house, the performance of Trinamool Congress is much higher than the Left rule. 58,200 meters of Poly house are constructed in the last 3 years as against 5520 meters of Left regime. The success of construction of Shed net house is even more. In comparison to just 448 sq meters in the Left rule, 3,21,180 sq mts have been constructed in the last 3 years.

Graph 2_horticulture

The average numbers of Poly houses build per year in the last 3 years are 19,400 as compared to just 1840 in the last 3 years of Left rule. The annual average numbers of Shed net houses build is 7,060 under Trinamool’s governance.

 

Area added:

In the last 3 years, 15,611 hectares of land are added for fruit cultivation and 3631 hectares for flower cultivation.

Graph 3_horticulture

 

Some significant developments:

  • West Bengal Government has taken up initiatives of horticulture through NREGA. It is worth mentioning that Bankura has received the prestigious “District Award for Effective Initiatives under MGNREGA Administration.”
  • 384 skill development camps have been organised.
  • The government has passed the Agricultural Produce Marketing (Regulation) Bill 2014. This bill will promote formation of new markets where farmers can directly sell the product to the end users, curb the middlemen menace, thus the interest of both the farmers and the customers will be taken care of. Government will regulate these markets.
  • More than 2800 farmers related with horticulture have been assisted with power tillers, tractors, power pumps and other automated machines.
  • Government assisted Weather Based Crop Insurance Scheme has been implemented. More than 8000 farmers (Kharif season) and 4000 ( Rabi season) has benefited from this.

Bengal receives investment proposal worth Rs 1000 crore for Plastic Park

West Bengal Government has received a proposal to set up a Rs 1000 crore Plastic Park in the State.

A 50 acre plot in Uluberia has been earmarked for a new plastic park in PPP model in collaboration with the MSME Department of the State Government.

At the moment the plastic market in the country is worth Rs 1.7 lakh crores with a growth rate of 14%. Keeping in view of such a huge demand, the Plastic Federation is eager to invest and the WB Government is ready to provide all help. Uluberia is well connected with National Highway and has good infra-structure facilities.

The state already has  two such parks in operation; one in Sankrail, Howrah in collaboration with WBIDC which has about 42 manufacturing units in operation and the second in Kharagpur Industrial Estate.

 

Image is a representative one

WB CM inaugurates third edition of the Asansol Industry & Trade Fair 2015

The third edition of the Asansol Industry & Trade Fair 2015 was inaugurated by West Bengal Chief Minister Ms Mamata Banerjee today. The Fair will continue till February 6, 2015.

The Industry & Trade Fair is being held at Polo Ground, Asansol Stadium and is being organised by the Asansol Chamber of Commerce.

State Finance Minister Mr Amit Mitra and Labour Minister Mr Moloy Ghatak were present on the occasion.

It is expected that 300 stalls from all segments like automobiles, machinery, consumer durables, furniture, garments, real estate, solar power, electrical & electronics, kitchen appliance, hospitality, education healthcare and many more will participate in the Fair.

The Fair will be a unique platform to enhance marketing capabilities and competitiveness, showcase brands and competencies, interaction with potential buyers and promote brands & products in front of tentative buyers. It will prove to be a sophisticated platform for conducting business on a National and International scale. It will provide an excellent opportunity to assess opinions from clients and determine market potential.

Excerpts of the Chief Minister’s speech on the occasion:

• I thank the Asansol Chamber of Commerce to involve common people in this Trade Fair.

• The Adivasi people are here, the Kanyashree girls are here, everybody should be involved in good works.

• A big industrial hub is coming up at Balagarh.

• The Asansol-Durgapur, Bardhaman, Bankura, Purulia zone is very important for industry.

• We will conduct core committee meetings at every year for industry separately for these zones.

• The Panchami Coal reserves and steel industry in Durgapur will create huge employment opportunities.

• There are industries related to coal, steel, power in these areas.

• WB Govt. has made new industry, Land, PPP policies, permissions are now easily available to set up industries in the State.

• West Bengal is strong Manufacturing, Engineering, Small Scale, Textile and Cottage industries.

• Plans are there to start a Rs 3200 cr road project as well as a 1500 MW power project, 16 thousand to get jobs.

• Rs 40,000 cr to be invested in Durgapur Steel plant expansion. This will create employment opportunities as well.

 

Edited at 2.55 PM, January 29, 2014

Bengal’s debt conditions improve under Trinamool

West Bengal’s public finance and debt conditions were under adverse conditions when Mamata Banerjee took over the Government. However under the leadership of Mamata Banerjee, Chief Minister of West Bengal and Amit Mitra, Finance Minister of West Bengal along with a dedicated teams of officials the situation has improved in the last 3 years.

Note: Figures for 2012-13 are Revised Estimates and for 2013-14 are Budget Estimates. The averages used in the RBI Publication include the estimates.

In the RBI publication “State Finances-Study of Budgets 2013-14”, the ‘Debt Sustainability Indicators’ and ‘Debt Servicing Indicators’ have improved  for Bengal.  The results are here for everyone to see:

economy files

The Debt-GSDP ratio was 44% in 2008-09 and 2009-10 has decreased sharply over the years. It stands at 40.1% in 2011-12, 37.5% in 2012-13 and at 34.6% at 2013-14.

economy files

Interest payment to GSDP ratio has fallen down from 3.8% (2005-06 to 2009-10) to 2.8% (2010-11 to 2013-14).

economy files

Interest payment to revenue receipts has also decreased from 37.9% (2005-06 to 2009-10) to 25.8% (2010-11 to 2013-14). Revenue receipts means the taxes, duties and fees levied by the government and also includes interests on investments made by the government or dividends earned by the state.

economy files

The growth of GSDP (g) is higher than the effective rate of interest (i), ie g-i >0. In WB, g-i, is now at 8.3(2010-11 to 2013-14) and has increased from 4.6 (2005-06 to 2009-10).  If GSDP grows at a higher rate than the effective rate of interest, then it reflects a better situation of public finance. The surplus has grown sharply over the years.

We want Bengal to keep moving ahead on the path of development: WB CM at North Bengal Industry Meet

West Bengal Chief Minister Ms Mamata Banerjee today inaugurated the North Bengal Industry Meet-2015 at Uttar Kanya. She interacted with the prospective investors and renowned business persons of North Bengal during the meet.

Many industry and business representatives from neighbouring countries of Nepal, Bhutan and Bangladesh and 7 North Bengal districts participated. Many captains of industry from Kolkata have joined the programme.

North Bengal is the gateway to the North East, and its strategic proximity to Nepal, Bhutan and Bangladesh offers huge business potential. The region already received more than Rs. 4000 Crore investment proposals very recently which are being implemented on a fast track. Today’s Industry Meet has generated significant enthusiasm and lots of investment proposals are in the offing.

All the investment proposals will be monitored by a Core Committee for North Bengal and I will personally come every six months to review the progress. For the convenience of investors and tax payers of North Bengal, a new Bench of the West Bengal Sales Tax Appellate and Revisional Board in Siliguri has been launched today. An MSME Facilitation Centre and an Unique Clearance Centre to look into mutation and conversion of land for industrial purposes at “Uttarkanya” have also been created. The government is going to set up a new Convention Centre and an Industrial Fair Ground in North Bengal.

Highlights of the CM’s speech:

  • From now, for paying taxes you do not have to go to Kolkata. Work can be done in Siliguri itself.
  • We have brought down the loss in mandays due to Bandhs to zero.
  • We do not support the politics of Bandh. We do not believe in destructive politics.
  • Disputes should be solved through negotiations and talks.
  • We want Bengal to move forward. We need your help and cooperation.
  • Some media houses have negative attitude. They only show bad news 24X7.
  • We will be providing skill development training to 10 lakh youth.
  • We hosted Bengal Global Summit few days ago. Job opportunities will be created for 1 crore people in 2-3 years.
  • We will create a fund worth Rs 200 crore to support entrepreneurs.
  • We have set up a Unique Clearance Centre. A branch has been established today at Uttarkanya.
  • We are committed to rejuvenate the tea industry.
  • Ambuja group & Keventer Group are investing in north Bengal. We wish them all the best for their new venture.
Bengal Leads

WB CM forms core committees for speedy implementation of Bengal Global Summit proposals

Following up on the success of the Bengal Global Business Summit, and to expedite the implementation of investment proposals received during the summit, West Bengal Chief Minister Ms Mamata Banerjee felicitated the industrialists, members of the Chambers of Commerce and the officials who worked hard to make the summit a great success.

The Chief Minister chaired a meeting at Nabanna on Wednesday where she formed sectoral committees for the core sectors during the meeting.

The nine newly formed sectoral committees include that of Manufacturing, Health-Education, Tourism-Entertainment, Food & Food Processing, Urban Development, Infrastructure & Power, Financial Sector, Transport and MSME. These committees will work on the proper channeling investments following the time frame of the Administrative Calendar.

 

West Bengal will roar again like a Bengal Tiger : ASSOCHAM

ASSOCHAM, India’s apex knowledge chamber, along with YES BANK, the fourth largest private bank of India, joined hands with the Government of West Bengal in the Bengal Global Business Summit, held on 7-8 January, 2015 in Kolkata.

The ASSOCHAM praised the growth story of Bengal in the last three years and said that the State’s economy will again roar like a Royal Bengal Tiger. The Chairman of ASSOCHAM Eastern council, Mr Sanjay Jhunjhunwala felt that Bengal will emerge as the new hub for finance and legal services.

Here is what the Mr Rana Kapoor, President, ASSOCHAM and also the CEO, MD of YES BANK said about the rise of Bengal:

  • The growth of Bengal GSDP in the last three years is higher than the National GDP.
  • Bengal’s economy is well poised to tap the huge investment potential.
  • There are opportunities of accelerated growth in sectors of agri-business, manufacturing, infrastructure, health, education and tourism in Bengal.
  • Business-friendly regulatory framework, easy finance and MSME focus will help the state immensely.
  • State’s industry and economy will soon revive the latent spirit with all the new initiatives taken.

On the sidelines of the Summit, Mr Rana Kapoor also talked about the expansion plans of YES BANK. West Bengal will be made the central hub of operations for 13 states in India and the number of branches will be increased from 15 to 50 in another fiscal.

Didi speaking at Bengal Global Summit

WB CM sets time frame for all projects at Bengal Global Summit

There were many positive takeaways from the two-day Bengal Global Business Summit 2015 that drew to a close here on Thursday. While the proposed investment of a mind-boggling Rs 2.43 lakh crore was definitely the high point, Chief Minister Mamata Banerjee’s statement on land for industry drew the high-fives. Ms Mamata Banerjee thanked Captains of the Industry and her team for making the Summit a grand success.

Another positive outcome of the summit was that investments were not only sought and received for brick-and-mortar industries but for the crucial human resource development sector.

The Chief Minister announced the setting up of many state and private colleges, universities and technical and management institutes to create a pool of skilled manpower for industry and social sectors. She said that 10 lakh unemployed youths would be trained in technical skills within 10 years under the MoUs signed with various skill providers at the summit.

 

WB CM with industrialists at Bengal Global Summit
WB CM with industrialists at Bengal Global Summit

 

Once the proposed investments start fructifying in two to three years, more than 1 crore jobs would be created in Bengal. Land, Ms Banerjee stressed once more, would not be a problem. She mentioned Bengal’s land bank and said adequate land was available to set up smart cities and urban centres all over the state.

She also invited hospitality players to invest in unexplored tourist destinations in Bengal. The proposed Kolkata-Siliguri corridor could be turned into an industrial corridor and would change the face of Bengal, she felt.

That WB CM means business was evident from her announcement that she would set up a core team of top bureaucrats and Finance Minister Dr Amit Mitra to monitor the implementation of MoUs signed at the summit and pursue the letters of intent received from investors.

An administrative calendar would be chalked out, setting deadlines for implementation of various stages of a project and a time frame for granting clearances and permits for every proposal. The next edition of the summit would be held on January 8 and 9 next year, she announced.

Bengal Global Summit

Here’s what captains of industry said about Bengal Global Summit

Bengal Global Business Summit was a landmark event. Bengal means business was the takeaway message from the two-day event.

Here’s what various captains of industry and delegates from the world said about the Summit:

It was a landmark event. I was pleasantly surprised at the scale of the investment proposed and the enthusiasm shown by potential investors. I feel optimistic that Bengal will play part in the resurgence of Indian economy Harsh Neotia | CHAIRMAN, AMBUJA-NEOTIA GROUP

It was a landmark event. We have signed some major investment proposals, including the MRTS hub. It will add to the rejuvenation of manufacturing in Bengal.This will also bring additional foreign direct investment in the state that we already got through the airport Partho Ghosh | MD, BAPL

It was a splendid effort by the state and my compliments to the CM and her team. This has sent a very positive message to the world and also shown that the Indian leaders are giving priority to economic development over political ideologies Umesh Chowdhary | VC, TITAGARH GROUP

The summit was very well-organized and saw a very good turnout. It was interesting to see many industrialists and investors from all over India and the world here. This is my first time in Kolkata and I was pleasantly surprised by the developments in Bengal. I shall make my govt and businessmen in my country aware of the investment possibilities in Bengal San Schreiner | AMBASSADOR OF LUXEMBOURG TO INDIA

West Bengal is taking firm steps towards consolidating its position as a potential tourist destination of India. Our state has unparalleled tourism products that are unique in terms of its beauty, rich culture and history Vijay Diwan | MD, APEEJAY SURRENDRA PARK HOTELS

Tremendous positive enthusiasm has been created by the CM and the FM about the prospects of our state and if manufacturing projects and especially the river highway logistics are expedited, the fortunes of Bengal will unquestionably change Ghanshyam Sarda | CHAIRMAN, SARDA GROUP

I would rate the summit as a very successful event. This time we build `Brand West Bengal’ Sumit Mazumdar | VC & MD, TIL

The profile of Bengal has changed in the country. Now everybody will be positive about Bengal M K Jalan | CHAIRMAN, KEVENTER GROUP

WB CM with industrialists at Bengal Global Summit

Investment proposals worth Rs 2.4 lakh crore finalised at Bengal Global Summit

The success of Bengal Global Business Summit continued on day two, after a very successful day one, which had attracted investments of around Rs 93,000 crore.  The state received huge investment proposals today also.

The total investment received in the last two days of the summit is Rs 2,40,000 crore.

The investments finalised during the Summit will lead to job creation for 1 crore people in the next three years.

 

Major investments for the first day included :

  • MoUs with Union Shipping Ministry worth Rs 41,600 crore (this includes Bhor Sagar, Haldia Green Port & other projects).
  • MoUs regarding Deochala Pachami Coal Mines worth Rs 12,000 crore.
  • Investment by ITC worth Rs 3000 crore.
  • Investment by SAIL worth Rs 40,000 crore.
  • Kolkata Eye MoU signed with Port Trust worth Rs 300 crore.
  • Investment by Hiranandandi Group worth Rs 5000 crore.
  • Kolkata Siliguri Corridor worth Rs 500 crore.
  • Satelite Township on Hindmotor Land by Parimal and Sriram Group worth Rs 8000 crore.
  • L&T will invest under PPP model worth Rs 12000 crore.
  • TCS will employ over 20,000 people in their second campus in Rajarhat

 

Mamata Banerjee speaks at Bengal Global Summit
Mamata Banerjee speaks at Bengal Global Summit

 

Major investment proposals for the second day include:

  • NTPC is investing Rs 20,000 crore.
  • Health Sector: Proposals made worth Rs 2710 crore signed in health sector, which will generate 8990 employment. 7 MoUs to be signed, which will provide skill development to 90,000 people per annum.
  • Food Processing: 16 MoUs signed in the food processing sector with investment more than 1000 crore.
  • BAPL has signed a MoU with Scomi. Investment worth Rs 1000 crore.
  • Essel group: We are indenting to invest Rs 15000 crore in Bengal.
  • Governement of West Bengal is working with BAPL to installing the air connectivity between Kolkata Durgapur Coochbehar and Bagdogra.  BAPL is also entering into an agreement with GoAir and Pinnacle Air.
  • The total investment proposals received for urban sector is about Rs 70,000 crore.  5 new townships will be created- Bolpur, Siliguri ,Kalyani, Rajarhat,Baruipur.
  • A growth corridor will be build up from Kolkata to Raghunathpur via Dhanbad. Subarna group of Singapore will be making it. Proposed investment worth Rs 1000 crore.
  • A solid waste management project will be build up in Howrah with an investment of Rs 2200 crore.
  • An agreement is being signed for a 500 MW plant for solar power in Purulia. WB CM calls this as a “gift for my Jangalmahal”.
  • MoU between ICOM UK and CREDAI Bengal for building of  Kolkata Siliguri Growth Corridor.
  • Development centre for Information Technology along with Monorail connectivity.
  • Anand Group to invest 230 crore in a food park under Amul brand.
  • Microsoft’s Centre for Excellence.
  • Investments in the pipeline for poultry, hatchery and organic farming.

 

WB CM announces the total amount of investments finalised at Bengal Global Summit
WB CM announces the total amount of investments finalised at Bengal Global Summit

 

Other significant investment agreements in urban area include:

  • Rs 1500 crore from Y K Modi Group
  • Rs 1275 crore on 150 acre land by Solarpuria Group
  • Rs 4000 crore on 235 acre land at Rajarhat by Forum Group
  • Rs 6000 crore on 135 acre land at 24 Parganas(North) by Highland Group
  • Rs 9000 crore on 100 acre land at Bishnupur by Ambuja Neotia Group
  • Rs 1200 crore from Mayfair Group
  • Rs 2500 crore on 138 acre land at Baruipur by  Mani Group
  • Rs 2024 crore investment in Sports and Leather Complex from FS Group
  • Rs 260 crore on 60 acre land by Swarnaganga Realities
  • Rs 4000 crore on 50 acre land by Sherwood Group
  • Rs 700 crore on 57 acre land by MTEK Group
  • Rs 1000 crore on 60 acre land by Merlin Group
  • Rs 1200 crore on 50 acre land at 24 Parganas (South) by Dhoot Group
  • Rs 25000 crore on 600 acre land at Rajarhat by Greentech Group
  • Infinity to build two IT Hubs in the state. One at Rajarhat  worth Rs 5000 crore and the other at Howrah worth Rs 1000 crore
  • Rs 2000 crore to be invested by Unimart Group
  • Panchwati group to invest Rs 1500 crore in building  a Textile Park
  • South City Group to building a Gateway in Sundarbans costing Rs 1000 crore
  • Siddha Group will invest in 3 projects worth Rs 3000 crore
  • Premier Group to invest Rs 1055 crore in 100 acre land
  • Rs 2500 crore from Capital Singapore
  • Rs 1000 crore from Regent Garment
  • Rs 2500 crore from Jalan Group
  • Rs 1200 crore from INPA Group
  • Rs 1200 crore will be invested for hosiery park
  • Rs 15,000 crore to be invested for “Smart Cities”
  • solid waste management project will be build up in Howrah with an investment of Rs 2900 crore with a consortium of German Companies