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October 29, 2014

WB Govt conducts road shows in other states to attract investment in Bengal

WB Govt conducts road shows in other states to attract investment in Bengal
To project West Bengal as an emerging and ideal investment destination, the State Government has joined hands with the Confederation of Indian Industry (CII) to organise the first of the four Road Shows ahead of the Global Investors' Summit in January, 2015. 
The first road show was held in Mumbai on Tuesday. Leading the joint business team from Bengal was the Principal Secretary, Department of Urban Development and Town and Country Planning, West Bengal.
Wooing investors
The West Bengal government, which has recently adopted many industry friendly policies, invited corporates to invest in key sectors like power, iron and steel, hospitality, tourism, gems and jewellery among others in the state.
The state has brought many industry-friendly policies to encourage investments, the recent being the Investment and Industrial Policy 2013 and the MSME Policy, 2013. The state has rolled out a road show in order to attract investment in nine key sectors like power, iron and steel, engineering, IT and ITeS (IT enabled services), food processing and horticulture, hospitality and tourism, gems and jewellery, tea, jute and textile and leather.
Strengthening infrastructure
West Bengal government, which is looking at both international as well as domestic investors, is strengthening infrastructure in these key sectors that will facilitate the investments in the state.
The government has also set up a Single Window Cell, comprising of representatives of various departments, which aims at expeditious disposal of matters relating to clearances for setting up of industrial units in the state.
A task force has also been formed by the government to dispose off applications in a time bound manner.
Huge potential
West Bengal now has huge potential and long-term advantages of doing business in terms of infrastructure, resource availability and sectoral opportunities.
The Global Investors' Summit will be held on January 7 and January 8, 2015, at the Eco Tourism Park at Rajarhat, New Town on the North Eastern fringes of the city.
The remaining three road shows will be held in Bangalore (November 3), Hyderabad (November 6) and Chennai (November 10).
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