West Bengal has been taking a number of initiatives to rejuvenate the industrial scenario in the State.In this endeavour, the Government of West Bengal organized Bengal Global Business Summit 2018 on 16th – 17thJanuary 2018. The two-day event included Plenary Sessions addressed by national and international entrepreneurs of stature who shared their thoughts and experiences. The Summit included Sectoral Breakaway Sessions with the participation of leading industrialists of each sector. The Summit also organized B2B and G2B interactions. It proved to be the best platform to understand the potential of West Bengal in various sectors and it also created opportunities to interact with policy makers, industry leaders, and top level Government officials. West Bengal secured investment commitments to the tune of at least Rs. 2,50,104 crore.
In the first edition of the summit, held in 2015, Bengal had secured investments to the tune of Rs. 243,000 crore; of which proposals worth Rs. 95,000 crore have materialised; and the remaining are under process.In 2018, the summit will be held on January 16th & 20st.
Bengal Global Business Summit 2018 cast the spotlight on the State's capability and readiness to take on bigger and greater business challenges. With the aim to fulfilaspirations, the vision for this year's business summit was to establish an image of Bengal that embodies the essence of a new, business-ready Bengal. Living up to the tagline of “Bengal surging ahead” this year too Bengal Global Business Summit 2018, concluded on a very high and optimistic note. It was evident that from Foreign delegates to Indian companies, confidence in the state government is brimming and so is the enthusiasm.
Manufacturing and infrastructure remained the focus areas with proposals coming in to the tune of Rs. 116,000 crore.Power, IT and telecom and transport department remained the other big draws with the three accounting for investments to the tune of Rs. 26,350 crore.Technical education remained another major gainer with proposals worth Rs. 2,000 crore. Fisheries accounted for proposals amounting to 114.58 crores. Investment proposals were also made in other sectors like travel and tourism, healthcare and education among others.
Parallel thematic conclaves in various halls were organized for showcasing and promoting West Bengal as Preferred Industrial Destination. In Hall No. 1 sectors viz., Fisheries, Animal Resource Development, Agro-Processing and Food Processing, Textiles, Manufacturing, Power and Transport, highlighted their available infrastructures for private investments. Representatives from business houses and private entrepreneurs showed immense interest in venturing into fisheries in the state. Queries pertaining to the areas of interest for private investments, available financial support from the Govt., ease of doing business, resources present, the economics of investments in fisheries etc. kept pouring in throughout the event.