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Global Bengal – Bengal Govt to now meet potential investors in foreign countries on a monthly schedule

Webdesk: – West Bengal Industrial Development Corporation (WBIDC) is now going to visit other countries to meet potential investors. The schedule till next November has already been decided.

In this endeavour, industry associations like Federation of Indian Chambers of Commerce and Industry (FICCI) and Associated Chambers of Commerce of India (ASSOCHAM) are lending their expertise to WBIDS too.

The WBIDC is going to write monthly reports on the progress made and present it to Chief Minister Mamata Banerjee. The reports would contain the progress made in drawing in investments to Bengal, including the amount of investments made.

Every month, State Government representatives would hold meetings with industry bodies and potential investors of three countries to impress on them the industry-friendly climate of Bengal and the presence of all manner of infrastructural facilities.

The schedule from May to November is as follows:

MAY: Australia (Melbourne), Portugal (Lisbon), Germany (Munich)
JUNE: Japan, Switzerland, South Africa
JULY: Bangladesh, Italy
AUGUST: Russia (Moscow), USA (Florida)
SEPTEMBER: Singapore, the Philippines, Thailand
OCTOBER: Taiwan, Ethiopia, Dubai
NOVEMBER: China (Hong Kong), Mozambique, Indonesia

It must be mentioned in this regard that trade representatives from 29 countries participated at the 2017 Bengal Global Business Summit (BGBS). They have promised investments in transnational waterways, coastal zonal infrastructure, civil defence, transport, sports, heavy industry, electricity generation, non-renewable energy, food processing, health, education, information technology, urban infrastructure, hospitality, tourism and some other sectors. A total investment of Rs 2.35 lakh crore was committed.

At BGBS 2017, Chief Minister Mamata Banerjee, whose brainchild the annual trade summit is, told business representatives from around the world, “If you invest in Bengal, you would get access to north-eastern India too. Not just that, you would be able to link up to markets in neighbouring countries like Bangladesh, Nepal, Bhutan, China, Thailand, Singapore, Malaysia, and other Asian countries. We have 6 lakh acres of land in industrial parks. You would also be able to tap a skilled and trained labour force; you would be able to access the best brains of Bengal”.

The industrial development that the State is seeing in recent times is the result of untiring efforts led by Mamata Banerjee over the last six years. Last year, she and her team visited Germany and met leading industrialists. Prior to that, she had visited London and Singapore. More such business visits are being lined up. Bengal is on its way to becoming one of the leading industrial states of the country.

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