Tag: Port

Adani group to double their investment in Bengal

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The Bengal Global Business Summit (BGBS) 2018 ended on a positive note with 20 lakh job opportunities in the offing.

The second day has started on a bright note with Adani Group promising to double their investment of Rs 750 crore in the state.

Pranav Adani from the group expressed interest to invest in port, agriculture and power sectors today.

Adani said the money would be pumped in to double the capacity of the edible oil refinery at Haldia from 1,600 tonne per day in the next five years. Packaging would also be expanded from 1,200 tonne to 1,800 tonne.

In power sector, Adani said, they are keen on offering their expertise in transmission and renewable energy.

 

বাংলায় দ্বিগুন বিনিয়োগ করবে আদানি গোষ্ঠী

বিশ্ব বঙ্গ বাণিজ্য সম্মেলনের শেষে ২০ লক্ষ কর্মসংস্থান তৈরী হল রাজ্যে। এমনটাই ঘোষণা করেছেন মুখ্যমন্ত্রী।

সম্মেলনের দ্বিতীয় দিনের শুরুতেই আশাপ্রদ খবর নিয়ে এল আদানি গোষ্ঠী। রাজ্যে তাদের বিনিয়োগ (৭৫০ কোটি টাকা) করার কথা জানালেন প্রণব আদানি। বন্দর, কৃষি ও বিদ্যুৎ ক্ষেত্রে বিনিয়োগ করবেন তারা।

হলদিয়ার ভোজ্য তেল শোধনাগারের ক্যাপাসিটি আগামী পাঁচ বছরে দ্বিগুন করতে বিনিয়োগ করা হবে। এখন দৈনিক ১,৬০০ টন ক্যাপাসিটি এই শোধনাগারের। প্যাকেজিংয়ের ক্যাপাসিটিও ১,২০০ টন থেকে ১,৮০০ টন করা হবে।

অচিরাচরিত শক্তি উৎপাদনের ক্ষেত্রেও বিনিয়োগে আগ্রহী আদানি গোষ্ঠী।

 

 

Day 1 Highlights: Bengal Global Business Summit 2017

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The first day of the Bengal Global Business Summit 2017 received accolades from the President of India on Bengal emerging as an investment destination.

11 AM: The day started with former Indian cricket team captain Sourav Ganguly making an impassioned appeal to investors to tap into the potential of Bengal. It was followed by an AV presentation on the investment opportunities in the State.

11:30 AM: Various captains of industries (YP Modi, Sanjeev Goenka, Kishore Biyani, Rakesh Bharti Mittal, Pankaj Munjal) shared their experience of running businesses in Bengal.

Sanjeev Goenka announced investment worth Rs 10000 crore in Bengal over the next few years in FMCG sector. Rakesh Bharti Mittal announced investment worth Rs 3-4000 crore more in Bengal in the next three years. YK Modi announced investments close to one billion rupees in coal bed methane project in Bengal in the next 6 years. TCG Chairman Purnendu Chatterjee announced investments close to Rs 1000 crore for HPL expansion. Hero Motors Group Chairman & MD Pankaj Munjal announced announced investments close to Rs 450 crore for cycle manufacturing.

GAIL has also decided invest Rs 6000 Crore in Bengal in the next 2-3 years including gas pipeline project.

12:00 PM: This was followed by the address by Chief Minister Mamata Banerjee. Read her full speech here.

12:30 PM: During the plenary session, the Hon’ble President of India, Pranab Mukherjee, congratulated the Chief Minister for moving ahead despite legacies of the past. He hoped when the delegates will be go back, they will be taking a part of Bengal back with them. Bengal has truly emerged as an investment destination; the presence of so many delegates is a proof of it, he said.

He later tweeted:

“Bengal Global Business Summit showcases investment opportunities in West Bengal. Growth in State GDP and revenue buoyancy of West Bengal has been impressive. Large participation in the forum, including from 29 countries shows level of interest in West Bengal amongst investors.”

1:00 PM: Delegates from partner countries and other foreign delegates graced the stage and shared their views on the opportunities for business ties with Bengal.

3 PM: The second half of the first day witnessed a Plenary Session on Start Ups and Entrepreneurship. Startups that were present in the session included big names like Naukri and Foodpanda. The session was moderated by Mohandas Pai. Five home-grown startups of Bengal were showcased in the session.

During the session, Bengal Chief Minister Mamata Banerjee said that the Government wants to encourage startups but we must ensure the money does not reach only a select few. There must be privacy in data bank, she said. Whatever business people are doing, it must be fully protected, she said. The Government wants young entrepreneurs to come up and work for the betterment of the people, she said.

Bengal Finance and Industry Minister, while speaking at the session stressed on critical thinking and innovation that is bankable. “Be a startup, be disruptive, but how do you engage common people, how do you include them into mainstream,” he asked the entrepreneurs present in the hall. He asked the people not take a job, but be an entrepreneur and create jobs. “This is the Bengal everybody wants to see,” he said.

5 PM: The last session of the day was an ‘International Multi-Country Session’ which saw representatives from Italy, Romania, Netherlands, Poland, Norway, Canada, Russia, China, Japan, Bahrain, Bangladesh, Australia, Belgium and other countries.

The Ambassador of Italy to India praised the economic and infrastructure growth in Bengal.

The delegate from Belgium focused on three sectors where Bengal and Belgium can cooperate: trading hubs, agriculture, river tourism.

The delegate from Russian Foreign Ministry announced a Russian company is planning to invest in Bengal, in chemical sector.

The delegate from the Silesia province of Poland discussed opportunities for partnership between Bengal and Silesia

The delegate from Bahrain pitched for closer business ties with Bengal.

The delegation from South Korea invited to visit the Bengal Chief Minister to visit their country.

 

 

Bengal has emerged as a business destination: President of India at Bengal Global Business Summit 2017

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Hon’ble President of India inaugurated the third edition of Bengal Global Business Summit today. During his speech he said complemented the current State government for moving with liberal policies for suitable investment climate despite huge debt-stress.

The Hon’ble President said that the Bengal government is focused on growth. He also praised the Sabuj Sathi scheme of the state government.

The two-day long summit is being organised at Milan Mela Grounds, Kolkata. Business delegations from 29 countries including Japan, Germany, Poland, Netherlands, Korea, Belgium, Bangladesh, United States of America, UK, Canada, Italy, Russia, China are participating in the two-day meeting.

 

 

মাননীয় রাষ্ট্রপতির উপস্থিতিতে শুরু হল বিশ্ব বঙ্গ বাণিজ্য সম্মেলন

ভারতের মাননীয় রাষ্ট্রপতি আজ তৃতীয় বিশ্ব বঙ্গ বাণিজ্য সম্মেলনের উদ্বোধন করলেন। দুদিনব্যাপী এই সম্মেলন অনুষ্ঠিত হচ্ছে মিলন মেলা প্রাঙ্গনে। আমেরিকা, ব্রিটেন, কানাডা, ইতালি, রাশিয়া, চীন সহ নানা দেশের প্রতিনিধিরা উপস্থিত এই সম্মেলনে।

বন্দর, খনি, ক্ষুদ্র ও মাঝারি শিল্পের ওপর বিশেষ গুরুত্ব দেওয়া হবে বিশ্ব বঙ্গ বাণিজ্য সম্মেলনে। শিল্প ও বানিজ্য দপ্তর ক্ষুদ্র ও মাঝারি শিল্পের অন্তর্গত বস্ত্র, রত্ন, গয়না, চামড়া, পাট, কামারশিল্প, ঢালাই ও হস্তশিল্পকেও তুলে ধরবে।

বিশ্ব বঙ্গ বাণিজ্য সম্মেলন ২০১৭য় স্টার্ট-আপ হতে চলেছে ‘মধ্যমণি’। সাম্প্রতিককালের কিছু নামকরা স্টার্ট-আপের প্রতিনিধিরা রয়েছেন এই সম্মেলন।

 

Bengal has turned around under CM Mamata Banerjee

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The third edition of Bengal Global Business Summit is being held at Milan Mela Grounds with participation from business delegates from around the world.

In the last five years, Bengal has witnessed unprecedented growth under the leadership of Mamata Banerjee. Power cuts are a thing of the past; the State has formulated new policies for industry, MSME, land use, textile, maritime, tourism.

There has been a large-scale growth in infrastructure and Bengal is now the fourth largest State economy in the country. The humane-government has also excelled in social-sector development.

Here are some hard figures of the unprecedented development in Bengal since 2011:

Economic Parameters

Growth Rate of Bengal is far above the Growth Rate of India at Macroeconomic level –

India
(% Growth, 2015-2016)

Bengal
(% Growth, 2015-2016)

Gross Value Added (GVA)

 7.3 12.02

Industrial Sector

 7.3

10.59

Agricultural Sector

 1.1

5.55

Services Sector

 9.2

13.99

 

1. GSDP (at current Prices)
2010-11                                 –              Rs 4,60,959 Cr

2015-16                                 –              Rs 9,39,471 Cr

2. Fiscal Deficit (as a percentage of GSDP) has been brought down
2010-11                                 –              4.24%

2015-16                                –              2.68%

3. Revenue Deficit has been brought down
2010-11                                 –              3.75%

2015-16                                 –              1.03%

4. State’s own Taxes has doubled in four years
2010-11                                 –              Rs 21,129 Cr

2015-16                                 –              Rs 49,920 Cr

5. Plan expenditure of the Government has gone up by 3 times
2010-11                                 –              Rs 14,615 Cr

2015-16                                –              Rs 54,069 Cr

Plan Expenditure in social sector has increased by 4.5 times

  • Agriculture and Agri-allied sector has grown by 7 times
  • Physical Infrastructure has grown by 4 times

Capital Expenditure has grown by 7 times
2010-11                                 –              Rs 2,226 Cr

2015-16                                –              Rs 15,947 Cr

Growth of Infrastructure and Human Capital

  • 10,663 kms of new highways constructed and upgraded in the last 5 years
  • 10,000 kms of rural roads constructed and upgraded in the last 5 years
  • 100% electrification with quality power provided – No power cuts
  • 2,510 new Primary Schools and 3,452 Junior High Schools opened in the last 5 years
  • 1,852 Secondary Schools have been enhanced to Higher Secondary stage in the last five years
  • 46 new Government Colleges have been opened in the last five years
  • 7 new State-aided Universities and 8 new Private Universities have been set up in the last five years
  • 81 new Polytechnic Colleges have been opened in the last five years compared to 65 in 2011, thus totaling to 146
  • 170 new Industrial Training Institutes (ITIs) have been opened in the last five years compared to 80 in 2011, thus totaling to 250 ITIs
  • Significant Investment Flows between 2011 and March 2016

 

Bengal Global Business Summit 2017 to emphasize on port, mining and MSME

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Port, mining and MSME will be the key areas to focus at Bengal Global Business Summit (BGBS) 2017.

Eyeing the third edition of BGBS, set to stage in on January 20-21, the Bengal Government is ready to proclaim mega investment proposals, a sizeable portion of which will come from private players in these sectors, the officials of industry and commerce department believe.

The Government recently framed a Maritime Policy with the help of global analytical company Crysil. With that, the government has also opened opportunities to widen ‘port based industrialisation’ to add a sharp edge in Bengal’s trade scenario.

Displaying the State as the possessor of third largest mineral resources across the nation, the State Government will look forward to get investment in mining sector as well. However, the commerce and industry department will promote sectors like textile, gems and jewellery, leather, jute, forging, casting, apparel and handicraft under MSMEs. The state government has already announced an investment to the tune of Rs 16,000 crore and 10,000 direct job creations in Tajpur Port and in the port-led industrial circuit there. The department has initiated Adani Ports and Essar Ports for investment there.

The development of robust infrastructure in ports, exploring various opportunities in consultation with global analytical firms and development of inland waterways to optimally leverage its maritime advantages are already underway. Now, West Bengal Industrial Development Corporation Limited (WBIDC) is ready to promote deep sea port at Tajpur, Sagar Island and new port with ship building facility at Kulpi.

The State will also talk about the coal reserves of Deocha Pachmi in West Bengal, second largest in the world, at 2,00,000 million tonne, alone can create many jobs. The Deucha Panchmari Dewangunj coalmines project will be implemented jointly by West Bengal Mineral Development Corporation and Bengal Birbhum Coalfields Ltd. The project is likely to be operational in 2019 and will employ about one lakh people.

The Geological Survey of India (GSI) have indicated that Bengal has untapped reserves of iron ore, dolomites, tungsten, fireclay, granite and sand.

The State has tied up with Kudremukh Iron Ore Company (KIOCL) for iron ore deposit exploration. Recently, Kudremukh, a public sector company, has joined hands with the West Bengal Mineral Development and Trading Corporation (WBMDTC) to start a joint venture of Rs 850 crore.

MSMEs are undoubtedly the area which will get most of the attention in the upcoming BGBS. Handicraft, textile, jute, gems and jewellery have huge prospect in this state as adequate land is ready for making industrial parks.

The facts that would be showcased are various facilities and advantages of port-based industrialisation. The deep sea port at Bhor Sagar, which is a joint venture between the Centre and state government, will cost around Rs 16,000 crore. The work is under process in equity participation by Kolkata Port Trust and the state government. The project is also looking for a concessionaire through public private partnership (PPP). The requirement of land is 347 acre which is already in possession.

The green field port at Tajpur is going to be constructed in a revenue share model, as the state government is not looking for a joint venture with the Centre here. The state will build the main infrastructure and invite private players for the rest of the infrastructure. Revenue share model will be followed for the business.

বিশ্ববঙ্গ বাণিজ্য সম্মেলন ২০১৭য় গুরুত্ব দেওয়া হবে বন্দর, খনি, ক্ষুদ্র শিল্পকে

বন্দর, খনি, ক্ষুদ্র ও মাঝারি শিল্পের ওপর বিশেষ গুরুত্ব দেওয়া হবে ২০-২১ জানুয়ারি ২০১৭তে অনুষ্ঠিত হতে চলা বিশ্ব বঙ্গ বানিজ্য সম্মেলনে।

বিশ্ব বঙ্গ বানিজ্য সম্মেলন এবার তৃতীয় বর্ষে। বড় বিনিয়োগ টানতে তৈরী রাজ্য সরকার। শিল্প ও বানিজ্য দপ্তরের বিশ্বাস এই বিনিয়োগের একটি বড় অংশ আসবে বেসরকারি বিনিয়োগকারীদের থেকে।

রাজ্য সরকার ইতিমধ্যেই একটি সামুদ্রিক নীতি (মেরিটাইম পলিসি) তৈরি করেছে বিশ্ব বিখ্যাত প্রতিষ্ঠান ক্রিসিলের সহযোগিতায়। বন্দর ভিত্তিক শিল্পের জন্য নানা উদ্যোগ নেওয়া হয়েছে রাজ্যের তরফে।

দেশের তৃতীয় সর্ববৃহৎ খনিজ সম্পদের অধিকারি রাজ্য হওয়ার কারনে রাজ্য সরকার খনিতেও অনেক লগ্নি আনতে সচেষ্ট । শিল্প ও বানিজ্য দপ্তর ক্ষুদ্র ও মাঝারি শিল্পের অন্তর্গত বস্ত্র, রত্ন, গয়না, চামড়া, পাট, কামারশিল্প, ঢালাই ও হস্তশিল্পকেও তুলে ধরবে।