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West Bengal

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West Bengal

February, 2011

"Because of its location, West Bengal offers definite advantage as the traditional domestic market in Eastern India, the Northeast and the land-locked countries of Nepal and Bhutan, which are easily accessible. The state is also an entry point to markets in Southeast Asia, via the Northeastern states.

Kolkata, which is a metropolitan city, has a comparatively lower cost of operating a business as compared to the other cities such as NewDelhi, Bangalore, Chennai, Hyderabad and Mumbai.

West Bengal has abundant natural resources of minerals and suitable agro-climatic conditions for agriculture, horticulture and fisheries. West Bengal also has a prosperous hinterland of some mineral rich states like Jharkhand, Bihar and Orissa.

The state is home to a number of renowned educational institutions and higher learning centres. There are 18 universities in the state alongwith sizeable research institutes.

At current prices, the Gross State Domestic Product (GSDP) of West Bengal was about US$ 76.9 billion in 2008-09. The average annual GSDP growth rate from 1999-2000 to 2008-09, was about 11.4 per cent.

The natural resources, policy incentives and infrastructure in the state support investments in major sectors such as iron and steel, biotechnology, coal, leather, jute products, tea, IT, and gems and jewellery.

According to the RBI, FDI inflows from April 2000 to May 2010 amounted to US$ 1.4 billion*.

*FDI inflows for RBI‟s Kolkata region, which includes West Bengal, Sikkim, and Andaman and Nicobar Islands."

State Presentation (November 2010)