WEST BENGAL - IBEF · 3 WEST BENGAL For updated information, please visit EXECUTIVE SUMMARY Source: Statistics of West Bengal, Government of West Bengal West Bengal, India’ssixth

For updated information, please visit www.ibef.org March 2019

WEST BENGAL CULTURALLY ARTISTIC

JOR BANGLA TEMPLE IN BISHNUPUR, WEST BENGAL

Table of Content

Executive Summary .…………….….…….....3

Economic Snapshot ….….…..…………..…...9

Introduction …….....…………………………..4

Physical Infrastructure ……………….……...15

Social Infrastructure ……………………….…24

Industrial Infrastructure ................................27

Key Sectors …………………..…………........29

Key Policies and Procedures …..…...……....38

Annexure ……………….….……….................46

For updated information, please visit www.ibef.orgWEST BENGAL3

EXECUTIVE SUMMARY

Source: Statistics of West Bengal, Government of West Bengal

West Bengal, India’s sixth largest state in terms of economic size, had a Gross State Domestic Product

(GSDP) of US$ 158.40 billion in 2017-18. The state’s GSDP grew at a CAGR of 11.88 per cent from 2011-12

to 2017-18.

One of the largest state

economies

In 2018-19, West Bengal remains second largest producer of potato in India, accounting for about 24.31 per

cent of the country’s potato output. The state’s potato production stood at 12.78 million tonnes in 2018-19**.

Major producer of

potato

Twelve IT parks have been established in the state while 13 others are in the process of being set up.Kolkata as the next IT

hub

West Bengal is the 3rd largest producer of rice in India.

Rice production in the state stood at 11.68 million tonnes in 2018-19**.

3rd Largest rice

producer

West Bengal is the ninth largest state in India in term of mineral production, accounting for about 16 per cent

of total mineral production. Coal accounts for 97 per cent of extracted minerals.Coal rich state

Note: *As per second advance estimates, ** As per first advance estimates

WEST BENGAL

INTRODUCTION


ADVANTAGE: WEST BENGAL

Rich labour pool

There are 29 universities and sizeable research institutes in

West Bengal. It is host to top-notch institutes like IIT

Kharagpur and NIT-Durgapur.

Knowledge of English is an advantage for the workforce of

West Bengal, especially in Kolkata.

Excellent connectivity

West Bengal offers excellent connectivity to the rest of India in

terms of railways, roadways, ports and airports.

Major stretches of the golden quadrilateral project also pass

through the northern districts of the state.

Scope for industrial

Progress

West Bengal has abundant natural resources of minerals and

suitable agro-climatic conditions for agriculture, horticulture

and fisheries. It is in the vicinity of mineral rich states like

Jharkhand, Bihar and Odisha.

The contribution of the textile industry to the state’s GSDP is

targeted to rise to 10 per cent by 2022-23.

Advantage

West Bengal

Geographic and cost advantage

Location advantage makes the state a traditional market for

eastern India, the Northeast, Nepal and Bhutan. It is also a

strategic entry point for markets in South-East Asia.

Cost of operating a business is lower in Kolkata than in other

metropolitan cities.

Source: West Bengal Vision 2022-23, News articles

Note: T – Target


VISION – 2022

Source: Confederation of Indian Industry

Vision

2022 Agriculture

Sanitation &

hygiene Governance

Power generation

Economic

developmentTransportation

infrastructure

Health

Providing appropriate

transportation, irrigation and

storage facilities.

Training farmers to use

scientific agri practices.

Use of innovative crop

production methods, research,

new seed technologies.

Red tapism to be minimised or

removed and encouraging

transparency in governance.

Encouraging technological

innovation in providing services and

governance.

Development of sanitation and

hygiene infrastructure, supporting

urban development.

Ensuring fresh water supply and

clean drinking water in rural areas.

The state to act as an exporter

of power.

Introducing reforms in sector to

improve overall efficiency.

Encouraging renewable energy

power plants.

Building niche for manufacturing

and services sector in state.

Providing funding support,

infrastructure, land and logistics

to high importance sectors.

Facilitating road connectivity

throughout the state, upgrading

air transportation, transformation

of the state’s port to world class

facilities for container

management and shipping.

Implementation of social security

schemes and enforcing various

health & food policies.

Improving medical infrastructure by

improving quality of healthcare.

Education Ensuring primary education to all.

Upgradation of capacity,

infrastructure and teaching methods

of higher educational institutes.

Encouraging skill based education

(vocational training).

Note: HYV: High Yielding Variety


WEST BENGAL FACT FILE

Source: West Bengal Industrial Development Corporation, Census 2011

West Bengal is situated in eastern India and shares its borders with

Jharkhand, Bihar, Odisha, Sikkim and Assam. The state also shares

international borders with Bangladesh, Bhutan and Nepal. The Bay

of Bengal is in the south of the state.

Bengali is the official language of the state, though English and Hindi

are also widely used. Nepali is spoken primarily in Darjeeling district.

Kolkata, Siliguri, Asansol, Durgapur, Raniganj, Kharagpur, Haldia,

Darjeeling, Malda, Midnapore, Cooch Behar and Howrah are some

of the key cities in the state.

West Bengal's climate varies from tropical savannah in the southern

portions to humid sub-tropical in the north.

Source: Maps of India

Parameters West Bengal

Capital Kolkata

Geographical area (lakh sq. km) 88,752

Administrative districts (No) 23

Population density (persons per sq. km) 1,028

Total population (million) 91.3

Male population (million) 46.9

Female population (million) 44.4

Sex ratio (females per 1,000 males) 957

Literacy rate (%) 77.08


WEST BENGAL IN FIGURES

Parameter West Bengal India

GSDP as a percentage of all

states’ GSDP6.30 100.00

GSDP growth rate (%) 12.47 9.8

Per capita GSDP (US$) 1,681.49 1,975.05

West Bengal’s Contribution to Indian Economy (2017-18)


Installed power capacity

(MW) (as of Feb 2019)10,549.83 350,162.48

Wireless subscribers (No)

(as of Jan 2019)59,225,169 1,181,971,713

Internet subscribers (Mn)

(as of September 2018)22.62 560.01

National highway length (km)

(as of November 2018)3,664 1,31,326

Major and minor ports (No) 2 13+187

Airports (No) 7 129

Physical Infrastructure in West Bengal


Literacy rate (%) 77.08 74.04

Birth rate (per 1,000

population)15.4 20.4

Social Indicators


Operational PPP projects (No)

(Mar 2019)15 901

Operational SEZs (No) (Jan

2019)7 231

Industrial Infrastructure


Cumulative FDI equity inflows

since April 2000 (US$ billion)5.375 409,268

Investments (as of December 2018)

Note: GSDP, per capita GSDP figures are taken at current prices, exchange rates used is average of 2017-18 i.e. 64.45, For sources refer to Annexure, Including Sikkim and Andaman

and Nicobar Islands, Updated data for GSDP is expected in West Bengal Economic Survey 2018-19

WEST BENGAL

ECONOMIC SNAPSHOT


ECONOMIC SNAPSHOT – GSDP

GSDP of West Bengal at current prices

At current prices, gross state domestic product (GSDP) of West

Bengal is estimated at Rs 10.21 trillion (US$ 158.40 billion) in

2017-18.

The average annual GSDP growth rate from 2011-12 to 2017-18

was about 11.88 per cent.

108.5

5

108.6

3

111.8

8

117.4

3

121.8

0

131.0

4 158.4

0

5.2

0 5.9

1 6.7

7

7.1

8 7.9

7 8.7

9 10.2

10

2

4

6

8

10

12

0

20

40

60

80

100

120

140

160

180

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

US$ billion Rs trillion

CAGR (in Rs) 11.88%

GSDP per capita of West Bengal at current prices

1,1

82

1,1

71

1,1

95

1,2

41

1,2

75

1,3

58

1,6

25

56,6

93

63,7

86

72,2

72

75,9

16

83,4

56

91,1

14

104,7

51

0

20,000

40,000

60,000

80,000

100,000

120,000

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

US$ Rs

CAGR (in Rs) 10.77%

The state’s per capita GSDP^ in 2017-18 was Rs 104,751

(US$ 1,625) as compared to Rs 56,693 (US$ 1,182) in 2011-

12.

The per capita GSDP increased at a Compound Annual

Growth Rate (CAGR) of 10.77 per cent between 2011-12 and

2017-18.

Note: Exchange rates used are average of each year - provided on page 48, Update for 2018-19 may be available in West Bengal Economic Survey 2018-19 or through MOSPISource: MOSPI


ECONOMIC SNAPSHOT – NSDP

NSDP of West Bengal at current prices

98.6

9

99.1

0

102.0

6

106.5

4

110.9

1

119.5

5 144.5

0

4.7

3 5.4

0 6.1

7

6.5

1 7.2

6 8.0

2

9.3

10

1

2

3

4

5

6

7

8

9

10

0

20

40

60

80

100

120

140

160

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

US$ billion Rs trillion

CAGR (in Rs) 11.95%

At current prices, net state domestic product (NSDP) of West

Bengal was estimated at Rs 9.31 trillion (US$ 144.50 billion) in

2017-18.

The average annual NSDP growth rate from 2011-12 to 2017-18

was 11.95 per cent.

The state’s per capita NSDP in 2017-18 was Rs 95,562

(US$1,483) as compared to Rs 51,543 (US$ 1,075) in 2011-12.

The per capita NSDP increased at a CAGR of 10.84 per cent

between 2011-12 and 2017-18.

NSDP per capita of West Bengal at current prices

1,0

75

1,0

69

1,0

90

1,1

26

1,1

61

1,2

39

1,4

83

51,5

43

58,1

95

65,9

32

68,8

76

75,9

92

83,1

26

95,5

62

0

20,000

40,000

60,000

80,000

100,000

120,000

0

200

400

600

800

1,000

1,200

1,400

1,600

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

US$ Rs

CAGR (in Rs) 10.84%

Source: MOSPINote: Exchange rates used are average of each year - provided on page 48, Update for 2018-19 may be available in West Bengal Economic Survey 2018-19 or through MOSPI


ECONOMIC SNAPSHOT – PERCENTAGE

DISTRIBUTION OF GSVA

In 2017-18, the tertiary sector contributed 54.00 per cent of the

state’s GSVA at basic prices, followed by the primary sector (24.36

per cent) and secondary sector (21.64 per cent).

At a CAGR of 12.99 per cent, the tertiary sector has been the fastest

growing among the three sectors from 2011-12 to 2017-18.

The primary sector grew at a CAGR of 11.08 per cent, followed by

secondary sector at a CAGR of 8.78 per cent, between 2011-12 and

2017-18.

GSVA composition by sector

24.95% 24.36%

25.13%21.64%

49.92% 54.00%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2011-12 2017-18

Primary Secondary Tertiary

11.08%

12.99%

8.78%

CAGR*

Note: *in Rs terms, Update for 2018-19 may be available in West Bengal Economic Survey 2018-19 or through MOSPI

Source: MOSPI


ECONOMIC SNAPSHOT – FDI INFLOWS &

INVESTMENTS

According to the Department of Industrial Policy & Promotion

(DPIIT), FDI inflows in West Bengal, along with Sikkim and Andaman

& Nicobar Islands, during April 2000 to December 2018, totalled US$

5,375 million.

West Bengal contributes around 1 per cent of the total FDI inflows of

the country.

The state has the potential to become a logistics hub and attract over

Rs 50 billion (US$ 0.71 billion) in investments in logistics by 2020.

Source: Department of Industrial Policy & Promotion (DPIIT)

Note: 1Includes West Bengal, Sikkim and Andaman & Nicobar Islands, ^up to September 2018

FDI Inflows in West Bengal in April 2000-December 20181

(US$ million)

5,375

394424

436239

955 50218

1,172

1,488

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,000

5,500

6,000

FY

01-F

Y11

FY

12

FY

13

FY

14

FY

15

FY

16

FY

17

FY

18

FY

19^

FY

01-F

Y19^


ECONOMIC SNAPSHOT – WEST BENGAL’S EXPORT

TRENDS

Total exports from the state stood at US$ 9,148.22 million during 2017-18. Exports during April-December 2018 stood at US$ 7,452.61 million.

Major items exported from West Bengal are Iron and Steel and Gold and Other Precious Metals etc.

During 2018-19*, total exports of Iron and Steel from West Bengal stood at US$ 1,040.48 million which was 13.96 per cent of the total exports.

Source: Directorate General of Commercial Intelligence and Statistics

Export Trend (US$ million)9,0

88.0

0

7,4

70.3

0

8,2

36.2

5

9,1

48.2

2

7,4

52.6

1

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000

2014-15 2015-16 2016-17 2017-18 2018-19*

Composition of Major Item Exported (2018-19)*

13.96%

8.17%

7.46%

7.12%

6.93%

6.89%5.30%4.31%

39.84%

Iron and Steel Gold and Other Precious Metals

Petroleum Products Leather Goods

Marine Products Products of Iron and Steel

Plastic Raw Materials AC, Refrigeration Machinery etc.

Others

Note: *up to December 2018

WEST BENGAL

PHYSICAL

INFRASTRUCTURE


PHYSICAL INFRASTRUCTURE – ROADS

Source: Ministry of Road Transport & Highways, Budget 2016-17

West Bengal has a total road length of around 316,730 km#. The

national highways running through the state cover approximately

3,664 km, as of November 2018.

In the state budget 2018-19, the Government of West Bengal

allocated US$ 773.53 million to Public Works (Roads) Department.

Expenditure incurred for development of National Highways in the

state reached US$ 68.83 million during 2018-19*.

As of January 2019, 5,192 habitations were eligible under Pradhan

Mantri Gram Sadak Yojana (PMGSY), out of which 4,710 were

cleared and further 4,030 habitations were connected.

Road type Length (in km)

Total road length 316,730#

National highways 3,664

State highways 4,505#

Development of National highways in West Bengal

138.0

0 202.9

0

385.8

0

163.0

7

46.4

5

124.0

4

182.3

2

150.0

2

0

20

40

60

80

100

120

140

160

180

200

0

50

100

150

200

250

300

350

400

450

2014-1

5

2015-1

6

2016-1

7

2017-1

8*^

National Highways constructed (in km)Funds Released for development of national highways (in US$ million)

Note: #As of 2016-17, 2017-18* - Funds released are up to February 2018, 2017-18^ - National Highways constructed are up to December, Updated road network data may be available in

West Bengal Economic Review 2018-19

Road Network in West Bengal (as of November 2018)


PHYSICAL INFRASTRUCTURE – RAILWAYS

West Bengal is well connected through the railway network. The

length of railways was around 4,135 km as of March 2017.

Howrah, Asansol, Sealdah, Bandel, Bardhaman, Kharagpur and

New Jalpaiguri are the main junctions in West Bengal.

Indian Railways has an electric locomotive production unit,

Chittaranjan Locomotive Works (CLW), located on the West Bengal-

Jharkhand border, with a production capacity of 230 engines. It

manufactured 292 BG 3-phase HHP electric locomotives in 2016-17.

Rail Vikas Nigam Limited (RVNL) is going to undertake construction

of a 4.38 km stretch of metro rail from Noapara to Dakshineshwar.

The work is expected to be completed by May 2019. It is estimated

that nearly 55,000 people will be travelling on this section by 2030.

The government is planning to introduce driverless metro trains by

2018, with GoA3 and GoA4 automation systems being used.

Source: Maps of India Ministry of Railways, Government of India


PHYSICAL INFRASTRUCTURE – AIRPORTS … (1/2)

West Bengal has five operational airports including Bagdogra,

Behala, Cooch-Behar, Durgapur and Kolkata in which three are

domestic airports, one is an international airport and one is a private

airport.

The Netaji Subhash Chandra Bose International Airport located in

Kolkata is the largest airport in the state. A domestic airport, located

at Bagdogra, is maintained as a civil enclave and is operated by

Indian Air Force.

The Kolkata airport was modernised at a estimated cost of US$ 360

million. The modernisation included modern taxiways, a new terminal

& extension of a runway. Passenger handling capacity of Kolkata

airport is around 26 million passengers per annum (mppa)*.

Source: Airports Authority of India

International airport

Domestic airport

Kolkata

Bagdogra

Behala

Durgapur

Behala

Source: Airports Authority of India, Ministry of Civil AviationNote: *as per AAI’s National Register 2017


PHYSICAL INFRASTRUCTURE – AIRPORTS … (2/2)

Source: Airports Authority of India,

Kolkata Aircraft Movement (nos.)85,6

96

94,3

75

99,8

43

93,6

05

92,8

71

97,1

28

102,4

85

124,1

54 148,8

02

148270

-

20,000

40,000

60,000

80,000

100,000

120,000

140,000

160,000

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9*

Kolkata Passenger Traffic (million)

8.0

5 9.6

3

10.3

0

10.0

7

10.1

0

10.9

2

12.4

2

15.8

1

19.8

9

19.9

9

0.00

5.00

10.00

15.00

20.00

25.00

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9*

Note: 2018-19* - up to February 2019, MT - Metric Tonnes

Aircraft movement at Kolkata airport increased from 85,696 in 2009-10 to 148,802 in 2017-18. Aircraft movement during 2018-19* stood at

148,270.

Passenger traffic handled at Kolkata airport increased from 8.05 million in 2009-10 to 19.89 million in 2017-18. Passenger traffic during 2018-19*

stood at 19.99 million.

Freight traffic at Kolkata airport increased from 110,256 MT in 2009-10 to 163,323 in 2017-18. In 2018-19*, Kolkata airport handled 143.099 MT of

freight.


PHYSICAL INFRASTRUCTURE – PORTS AND INLAND

WATERWAYS

West Bengal has two major ports located at Kolkata and Haldia. In 2017-18, the combined volume of goods handled by both the ports of Kolkata

and Haldia, was 57.89 million tonnes. Port traffic at Kolkata and Haldia docks stood at 16,802 thousand tonnes and 40,782 thousand tonnes,

respectively, in 2018-19*.

In light of capacity expansion plans of existing industries near Haldia dock, Kolkata Port Trust has announced plans to upgrade Haldia dock’s

cargo handling capacity by constructing riverine jetties. Traffic at the riverine jetty at outer terminal -1 is expected to be 3.90 MTPA in 2018-19 and

is forecasted to grow to 5.00 MTPA by 2025-26.

Government of India has declared the entire stretch of the Ganges between Haldia and Allahabad as National Waterway-1 (NW-1). NW-1 spans

across a distance of 1,620 km. The 560-km Haldia-Farakka stretch of NW-1 has been developed as part of the multi-modal system for cargo from

Nepal, Bhutan, north Bengal and the northeastern states. In October 2018, PepsiCo transported the country’s first container movement on an

inland vessel from Kolkata to Varanasi.

Source: Ministry of Shipping, Government of India, Indian Port Association

Traffic handled at major ports (‘000 tonnes)

12,8

75

15,2

83

16,7

82

16,1

73

17,3

90

16,8

02

28,5

11

31,0

10

33,5

07

34,1

41

40,4

96

40,7

82

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9*

Kolkata Dock System Haldia Dock Complex

CommodityKolkata Dock

System

Haldia Dock

Complex

P.O.L 761 7,933

Other Liquids 504 4,379

Iron Ore (Incl pellets) 7 377

Fertilizers (finished + raw) 175 563

Coal 2,747 17,612

Containers 9,629 2,996

Others (Misc. Cargo) 3,375 7,085

Commodity-Wise traffic handled at major ports in 2018* (‘000

tonnes)T

Note: * April 2018-February 2019, T - Tentative


PHYSICAL INFRASTRUCTURE – POWER

As of Feb 2019, West Bengal had a total installed power generation

capacity of 10549.83 MW, of which 6,607.95 MW was under state

utilities, 2,771.11 MW was under the private sector and 1,170.77 MW

was under central utilities.

Of the total installed power capacity, 8,685.77 MW was contributed

by thermal power, 1,396.00 MW by hydropower and 468.06 MW by

renewable power.

Length of transmission lines in the state has increased from 11,095

CKM in March 2011 to 13,392 CKM in December 2017. During the

same period, capacity of transmission lines increased from 19,236

MVA to 30,271 MVA.

As of November 2018, the state government has approved setting up

of a 1,000 MW power project at a total cost of Rs 6,922 crore

(US$ 986.32 million). The West Bengal State Electricity Distribution

Company is going to avail a Rs 5,000 crore (US$ 712.45 million)

loan from Japan Industrial Cooperation Agency (JICA) for the

project. The project is scheduled to be completed by 2027 with

issuance of letters for consultancy by January 2019.

Source: Central Electricity Authority, West Bengal Economic Survey 2017-18

Note: *As of December 2018

Installed power capacity (MW)

8,3

16.8

9

8,5

67.2

9

8,6

16.2

9

9,2

24.8

2

9,8

42.0

4

10,2

58.4

0

10,3

82.7

8

10,6

37.5

9

10,5

49.8

3

0

2,000

4,000

6,000

8,000

10,000

12,000

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9*


PHYSICAL INFRASTRUCTURE – TELECOM

According to Telecom Regulatory Authority of India (TRAI), there were around 59.23 million wireless subscribers and 0.24 million wireline

subscribers in West Bengal, as of January 2019.

By the end of January 2019, 21.17 million subscribers had submitted requests for mobile number portability in West Bengal.

At Bengal Global Business Summit 2018, Reliance Industries Ltd (RIL) announced that it will be investing Rs 5,000 crores (US$ 772.32 million) in

West Bengal to support telecom arm Reliance Jio Infocomm’s operations, its digital ecosystem, and the group’s retail and fuel retail businesses.

Wireless subscribers 59,225,169

Wire-line subscribers 243,458

Internet subscribers (Mn)* 22.62

Tele-density (in%) 90.11

Mobile Number Portability requests (Mn) 21.17

Source: TRAI

*Note: ^As of March 11, 2018, *As of September 2018, #As of March 2019,

Telecom Infrastructure (As of January 2019)Performance status of Bharat Net project (as of December 2018)

Total GPs 3,354

GPs connected^ 2,248

Cable laid (kms.) 7,602

GPs for which cable laid 2,248

Service ready GPs#

2,123


PHYSICAL INFRASTRUCTURE – URBAN

As of April 2018, one smart city has been short listed in the state of

West Bengal to be developed as a smart city.

60 cities in the state were identified under Atal Mission for

Rejuvenation and Urban Transformation (AMRUT) as of April 2018.

In 2017-18, 2,260 urban beautification schemes for Green Space

Development Projects were undertaken under the Green City

Mission at an estimated cost of Rs 1,180.18 crore (US$ 183.12

million).

As per the state’s Economic Survey 2017-18, few of the

accomplishments of 2017-18 were:

• Seven flyovers and elevated corridors were constructed at an

estimated cost of Rs 1,909 crore (US$ 296.20 million)

• 108 water supply projects were implemented with an investment

of Rs 10,447 crore (US$ 1,620.95 million)

• Seven storm water drainage projects were undertaken at an

estimated cost of Rs 229 crore (US$ 35.53 million)

Number of AMRUT cities with population less

than 1 million 53

Number of AMRUT cities with population

in the range of 1 – 10 million2

Number of AMRUT cities with population

greater than 10 million0

Total number of AMRUT cities 55

Classification of AMRUT Cities in West Bengal on the basis of

population

WEST BENGAL

SOCIAL

INFRASTRUCTURE


SOCIAL INFRASTRUCTURE – EDUCATION

West Bengal has a literacy rate of 77.08 per cent; the male literacy rate is 82.67 per cent and the female literacy rate is 71.16 per cent.

As of 2017, West Bengal has 43 universities and 1,341 colleges.

As per state budget 2018-19, the Government of West Bengal allocated US$ 3,818.64 million for school education, US$ 548.54 million for higher

education and US$ 156.04 million for technical education and training in the state.

In 2017-18, the state government constructed 37 primary schools buildings and 202 upper primary school buildings. The government also

undertook construction of 1,235 additional classrooms.

Number of schools

Primary only: 76,514

Upper primary with secondary/higher

secondary: 6,850

Pupil-teacher ratio All schools: 26.8:1

Enrolment of students in

schools (all schools)

Government schools: 12,972,344

Private schools: 996,723

Number of teachers (all

schools)

Government teachers: 512,714

Private teachers: 65,589

Literacy rate 77.08

Male literacy 82.67

Female literacy 71.16

Scheme 2014-15 2015-16 2016-17 2017-18*

SSA Scheme 159.25 129.36 122.50 138.49

MDM scheme 166.80 117.31 170.41 102.76

Note: 2017-18* - up to February 28, 2018, ^as of 2016-17, 2017-18* - up to December 31, 2017; ^ up to September 30, 2017

Literacy rates (%) (Census 2011)

Funds released under education schemes for West Bengal –

US$ million

West Bengal’s education statistics

Source: National Rural Health Mission, Census 2011, Ministry of Human Resource Development, Wsst Bengal Economic Survey 2017-18, State Report Card


SOCIAL INFRASTRUCTURE – HEALTH

The active health infrastructure of West Bengal comprises of 99 sub district hospitals, 78 district hospitals, 1,455 primary health centres, 513

community health centres and 10,426 sub-centres as of March 29, 2019.

As per state budget 2018-19, US$ 1,354.67 million was allocated to the Health and Family Welfare department.

38 Critical Care Units (CCUs) and 22 High Dependency Units (HDUs) are functional in the state, as per the state’s Economic Survey 2017-18.

The state was allocated US$ 134.21 million worth of funds under National Rural Health Mission (NRHM), up to December 2017. Out of the

allocation the state has incurred expenditure of US$ 91.16 million under the scheme, up to September 2017.

Sub-centres 10,426

Primary health centres 1,455

Community health centres 513

Sub-district hospitals 99

District hospitals 78

Health infrastructure (As of March 29, 2019)

Birth rate1

15.4

Death rate1

5.8

Infant mortality rate2

25

Health indicators (2016)

Source: West Bengal Budget 2016-17, Department of Finance, Government of West Bengal

Note: 1Per thousand persons, 2Per thousand live births, 2017-18* - up to December 31, 2017; ^ up to September 30, 2017

YearFunds

Allocated

Funds

ReleasedExpenditure

2014-15 160.90 161.72 182.83

2015-16 134.97 104.52 113.49

2016-17 122.23 110.60 259.94

2017-18* 134.21 145.49 91.16^

Funds allocated and released and expenditure under National

Rural Health Mission (NRHM)- US$ million

WEST BENGAL

INDUSTRIAL

INFRASTRUCTURE


INDUSTRIAL INFRASTRUCTURE

West Bengal has 12 growth centres for medium and large scale

industries, set up by the West Bengal Industrial Development

Corporation (WBIDC). There are exclusive growth centres for

electronics, software technology and export processing.

As of December 17, 2018, West Bengal had 21 SEZs; of which, 7

are operational, 5 are notified, 7 are formally approved and 2 have

in-principle approval.

West Bengal’s major industrial areas are Haldia, Kolkata, Asansol-

Durgapur region, and Kharagpur.

In state budget 2018-19, an amount of Rs 123 crores (US$ 18.1

million) has been extended to develop and modernize the Industrial

Parks and Growth Centers to attract entrepreneurs.

Source: West Bengal Industrial Development Corporation, State Budget 2018-19

Some of the industrial parks in West Bengal

Project name Industry

Food Park (Phase-I & II ) Food processing

Poly Park Polymer products

Rubber ParkRubber footwear, hoses, tubes,

automotive rubber products

Kolkata Biotech Park Biotechnology products

Plasto Steel Park (Phase-I & II) Iron and steel and plastic products

Vidyasagar Industrial Park Engineering and manufacturing

Shalboni Industrial Park Iron & steel

Panagarh Industrial Park Engineering and manufacturing

Raghunathpur Steel & Allied

Industrial ParkIron & steel, cement and power

Foundry Park (Phase-I & II )Castings, forge and foundry

products

Rishi Bankim Industrial Park Multi-product

Garment Park Garments

Shilpangan (Light Engineer.

Park)Light engineering products

WEST BENGAL

KEY SECTORS

Tea

Petroleum and Petrochemicals

Information Technology

Agriculture and Allied Industries

Tourism


KEY SECTORS – TEA … (1/2)

West Bengal is the second-largest tea growing state in India.

Total tea production in West Bengal stood at 385.87 million kgs in

2017-18, accounting for 29.27 per cent share of India’s total

production. Tea production between April 2018- January 2019

reached 356.95 million kgs.

Tea gardens in the state are located in Darjeeling and Jalpaiguri, the

two northern districts of West Bengal.

Darjeeling tea has a geographical indication (GI) status that is

recognised globally. It is regarded by connoisseurs as the

Champagne of Teas.

Source: Tea Board of India

Some of the key players

Tata Global Beverages

Goodricke Group Ltd

Mcleod Russel India Ltd

Duncans Industries Ltd

Production of tea (in million kg)

236.7

8

223.3

3

228.3

1

269.4

3

287.3

2

312.1

0

324.2

6

329.7

0

357.3

9

387.8

6

356.9

5

0.00

50.00

100.00

150.00

200.00

250.00

300.00

350.00

400.00

450.00

2008-0

9

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9*

Note: 2018-19*- From April to December 2018


KEY SECTORS – TEA … (2/2)

GGL, a part of Camellia plc. UK, is engaged in the cultivation, manufacture, and sale of tea in India. The company

launched cold tea and has entered the ready-to-drink products market in 2009.

It has 17 gardens, including three gardens in Darjeeling, two in Assam and 12 in Jalpaiguri.Goodricke Group Ltd

(GGL)

Mcleod Russel India

Ltd

Mcleod Russel is the largest tea producer in the world with over 100 million kg of tea every year from tea estates

in Assam, West Bengal, Vietnam, Uganda and Rwanda, employing 90,000 people. It is also India’s largest tea

exporter.

The company has its registered office in Kolkata.

The five tea estates in Jalpaiguri district produce 6.27 million kg of tea annually. The total estimated crop

production is 6,275 tonnes.

Duncans Industries

Ltd

Duncans Industries Ltd, headquartered in Kolkata, is a part of the diversified Duncan-Goenka Group, established

in 1859.

The company has 12 tea estates, located in the Doors, Terai and Darjeeling.

The company markets tea under the Runglee Rungliot, Double Diamond, Shakti, Sargam and No1 brands.

Tata Global Beverages

Tata Global Beverages, formerly known as Tata Tea, is the largest brand of tea in India. It acquired the Earth

Rules, an Australian company under the MAP brand, in 2014. Tata Global Beverages is the second largest tea

player across the globe.

The company has six major brands in the Indian market: Tata Tea, Tetley, Kannan Devan, Chakra Gold, Agni and

Gemini. It has its headquarters and tea estates in West Bengal.

Source: Company Websites, News Articles


KEY SECTORS – PETROLEUM AND

PETROCHEMICALS … (1/2)

West Bengal is a key producer of petroleum and petrochemicals. Production of natural gas in the state^ reached 471.09 million cubic metres in

2018-19*.

Indian Oil Corporation is going to invest Rs 10,000 crore in its Haldia refinery over a period of four years to comply with Bharat Stage VI. In the first

phase of investment, the company is going to set up a hydro cracker unit which will increase its production capacity to 8 MTPA from 7.5 MTPA.

Mitsubishi Chemicals and Corporation, a Japan based chemicals major, has invested US$ 780 million in a Purified Terepthalic Acid (PTA) plant at

Haldia.

As of November 2018, Great Eastern Energy Corporation Limited (GEECL) is going to invest up to US$ 2 billion over the next decade for

extracting shale gas from its Raniganj (South) block in West Bengal. It may raise up to Rs. 50,000 Cr. (US$ 7.3 billion).

Source: Petroleum Planning and Analysis Cell, PNG Statistics 2016-17

Exports of select items from West Bengal (US$ million)

561.5

8

310.9

3

711.9

2

555.9

4

178.1

9

135.6

6

210.6

6

164.4

5

0.00

100.00

200.00

300.00

400.00

500.00

600.00

700.00

800.00

2015-1

6

2016-1

7

2017-1

8

2018-1

9**

Petroleum Products Organic Chemicals

Note: 2018-19* - up to November 2018, ^Including Madhya Pradesh and Jharkhand, 2018-19** - up to December 2018

Production of natural gas in West Bengal (million cubic meters) 156.4

9

223.6

8

389.4

2

555.0

7

531.0

7

471.0

9

0.00

100.00

200.00

300.00

400.00

500.00

600.00

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9*^


KEY SECTORS – PETROLEUM AND

PETROCHEMICALS … (2/2)

IOCL is India's largest company by sales and the twentieth largest petroleum company in the world.

It owns and operates 10 of India's 22 refineries with a combined refining capacity of 65.7 MMTPA (1.30 million

barrels per day).

It has a refinery at Haldia, with an installed capacity of 7.5 MTPA, which has grown from 2.5 MTPA in 1975.Indian Oil Corp Ltd

(IOCL)

Oil India Ltd (OIL)

OIL, established in 1959, is primarily engaged in exploration, development, production and transportation of crude

oil and natural gas in India. OIL owns 10 crude oil pumping stations and 17 repeater stations spread across

Assam, West Bengal and Bihar.

The state-of-the-art pipeline has the capacity to transport 8 MTPA of crude and feed four public sector refineries in

north-east India. The company also owns and operates a 654-km petroleum product pipeline connecting

Numaligarh Refinery Limited in Assam to Siliguri in West Bengal.

Haldia Petrochemicals

Ltd (HPL)

HPL is a modern, naphtha-based petrochemical complex located at Haldia, 125 km from Kolkata.

It is a joint venture project of the Government of West Bengal, with the Chatterjee Group, the Tata Group and

IOCL as major stakeholders.

It has the capacity to produce 700,000 tonnes of ethylene per annum and process over 3,50,000 tonnes per

annum of polymers.



KEY SECTORS – INFORMATION TECHNOLOGY … (1/2)

As of March 2018, West Bengal had 5 operational IT/ITeS SEZs. A

number of towns such as Durgapur, Siliguri and Haldia are also

emerging as suitable IT destinations with appropriate infrastructure in

the form of software technology parks (STP).

West Bengal plans to raise its share in the country’s IT exports to 25

per cent by 2030. Total export from IT sector of the state is estimated

to have crossed Rs 19,000 crores (US$ 2.83 billion) in 2016-17.

As per state budget 2018-19, the Government of West Bengal

allocated US$ 28.06 million for the development of the IT &

Electronics department in West Bengal.

In August 2018, the state government has launched the Silicon

Valley IT hub project to attract investments in IT/ITeS/ICT and create

state-of-the-art ecosystem for new technologies and innovation.

Further, buoyed by positive response from IT companies, including

four global IT majors, the state government decided to add another

100 acre to the Silicon Valley hub in November 2018.

Source: State Budget 2018-19, State Economic Survey 2017-18

IT Exports from West Bengal (US$ billion)

1.8

6

2.1

9

2.0

6

2.0

7 2.2

4

2.2

9

2.8

3

0.00

0.50

1.00

1.50

2.00

2.50

3.00

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

Note: Exchange rates used are average for the year


KEY SECTORS – INFORMATION TECHNOLOGY … (2/2)

Genpact

Genpact is a global remote processing operations company that provides IT-enabled services to clients across

the world.

It has an 80,000 sq ft facility in Kolkata and inaugurated the second operations centre in the city. This 0.2 million

sq ft SEZ facility has the capacity to accommodate more than 3,000 employees when fully operational.

HCL

HCL Technologies is the largest hardware, system integration, networking solutions and distribution company in

India. HCL’s operations span 31 countries. It has delivery facilities in US, UK, Finland, Poland, Puerto Rico,

Brazil, China, Malaysia, Singapore and India.

In India, the company has offices in 170 cities and 505 service centres reaching 4,000 towns. In West Bengal,

HCL has two offices in Salt Lake City, Kolkata and one in New Town Rajarhat.

A Tata Group company, TCS is a well recognised global services provider for a wide range of IT solutions,

consulting, BPO, engineering services and IT infrastructure.

The company has offices in more than 46 countries and around 80 locations in India. It has ten offices in Kolkata.Tata Consultancy

Services (TCS)

Cognizant Technology

Solutions (CTS)

CTS is a global e-business and application development company.

CTS services several large clients from the banking, hospitality (restaurant), healthcare, financial and information-

driven sectors of the global market.

The company has started work on the second phase of expansion at its Bantala campus, near Kolkata, at an

estimated cost of US$ 41.7 million.



KEY SECTORS – AGRICULTURE AND ALLIED

INDUSTRIES

Source: Department of Animal Husbandry, Dairying & Fisheries, Department of agriculture cooperation and farmers welfare, News Articles

West Bengal’s fish production (in million tonnes)

1.4

7

1.4

9

1.5

8

1.6

2

1.6

7

1.7

0

1.7

4

1.8

5

0.00

0.20

0.40

0.60

0.80

1.00

1.20

1.40

1.60

1.80

2.00

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8E

2018-1

9A

West Bengal has six agro-climatic zones & offers a diverse variety of environments for agriculture and horticulture production.

The state has a long coastline (over 150 km) & innumerable water bodies, reflecting the huge potential for inland fishing and fish cultivation.

Fish production in the state has increased from 1.47 million tonnes in 2011-12 to 1.74 million tonnes in 2017-18E. The state is anticipating 1.85

million tonnes of production in 2018-19.

Also, the state is the 3rd largest producer of rice in India. Rice is the principal food crop of West Bengal. In 2018-19*, rice production in the state

reached 11.68 million tonnes. Further, the state is also the country’s second largest potato producer.

West Bengal’s rice production (in ’000 tonnes)

14,3

40.7

0

13,0

45.9

0

14,6

05.8

0

15,0

23.7

0

15,3

70.7

0

14,6

77

.20

15,9

53.9

0

15,3

02.5

0

14,9

67.0

0

11,6

79.0

0

0

5000

10000

15000

20000

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8*

2018-1

9**

Note: *As per second advance estimates, E – Estimate, A – Anticipated, ** As per Frist advance estimates


KEY SECTORS – TOURISM

West Bengal’s diversity in flora and fauna makes it an attractive

destination for tourism.

The state has good infrastructure for encouraging tourists. Netaji

Subhash Chandra Bose Airport in Kolkata is an international airport.

Tourist destinations are accessible due to a wide network of national

and state highways. Howrah, Sealdah & New Jalpaiguri are major

railway hubs.

In 2017 (P), domestic tourist arrivals in the state were 79.69 million

and foreign tourist arrivals had crossed over 1.57 million.

As per state budget 2018-19, Government of West Bengal allocated

US$ 57.18 million for the development of tourism sector in the state.

West Bengal’s tourist inflows (in millions)

22.3

23.5

23.9 26.7

50.4

71.7 7

6.0 8

1.3

0.00

10.00

20.00

30.00

40.00

50.00

60.00

70.00

80.00

90.00

2010

2011

2012

2013

2014

2015

2016

2017 P

Source: Ministry of Tourism, Government of India

Note: P – Provisional, Confirmed figures for 2017 and updated figures for a part of 2018 may be released in West Bengal Economic Review 2018-19

WEST BENGAL

KEY PROCEDURES

& POLICIES


SINGLE-WINDOW APPROVAL MECHANISM

‘Shilpa Bandhu’ or the State Investment Facilitation Centre (SIFC) is the state-level nodal agency for single-window clearances in West Bengal.

The purpose of ‘Shilpa Bandhu’ is to provide guidance and information to investors about policies and programmes of the state. The agency is

monitored by an empowered committee.

SIFC offers assistance in the following areas:

• Approvals from the Secretariat for Industrial Assistance and Foreign Investment Promotional Board.

• Registration by Directorate of Industries.

• Clearance from the Pollution Control Board.

• All clearances related to power.

• Identification, allotment, mutation/conversion of land and other infrastructural facilities.

Guidance to entrepreneurs on investment prospects in over 200 ready projects developed by WBIDC.

District Industry Centre (DIC) is the district-level committee for single-window clearance that provides sanctions and clearances for setting up

small scale industrial units in the state.

The committee is convened by the General Manager, District Industries Centre and includes the Environmental Engineer of the West Bengal

Pollution Control Board, Superintendent Engineer/Executive Engineer of West Bengal State Electricity Board, District Officer of Housing and

Urban Development Authority and the Assistant Director of Factories.


KEY INVESTMENT PROMOTION OFFICES

Agency Description

West Bengal Industrial Development

Corporation Limited (WBIDC)

WBIDC focuses on financing medium and large scale industries.

It provides assistance service and facilitates investment proposal through “Shilpa Bandhu”.

It promotes joint sector and assisted sector units in important industry segments.

West Bengal Industrial Infrastructure

Development Corporation

(WBIIDC)

WBIIDC is responsible for balanced and well-planned industrial development in the state.

West Bengal Small Industries

Development Corporation Ltd

(WBSIDC)

Set up in 1961, WBSIDC is the promotional agency for growth and development of industries and

commercial activities in the small and medium sector in the state.

WBSIDC has developed 38 industrial and commercial estates all over the state.

West Bengal Electronics Industry

Development Corporation Limited

(WEBEL)

WEBEL is responsible for development of the electronics and IT/ITeS industries in the state.

It assists investors in obtaining all necessary approvals for new projects and facilitates setting up of IT

and electronics industry.

West Bengal Finance Corporation

(WBFC)

WBFC is a state level financial institution to help the small, medium and tiny sector enterprises to

implement their new/expansion/modernisation or technological upgradation schemes.


CONTACT LIST

Agency Description

West Bengal Industrial Development Corporation Limited(WBIDC)

"Protiti", 23, Abanindranath Tagore Sarani, (Camac Street)Kolkata - 700017,

Phone: 91 33 2255 3700 - 705Fax: 91-33-2255 3737

Email: [email protected]: http://www.wbidc.com/

West Bengal Industrial Infrastructure Development Corporation (WBIIDC)5-Council House Street, Third floor, Kolkata – 700011

Phone: 22305804-08Email: [email protected]

West Bengal Small Industries Development Corporation Limited (WBSIDC)Shilpa Bhawan, 31 Black Burn Lane, Kolkata-700 012,

Phone: 91-033-2237 3895Email: [email protected]

West Bengal Electronics Industry Development Corporation Limited (WEBEL)

Webel Bhavan, Block-EP & GP, Sector-V, Salt LakeKolkata-700 091

Phone: 91- 33- 2357 1704/06Fax: 91-33-2357 1708 /2357 1739Email: [email protected]

West Bengal Finance Corporation (WBFC)

12A, Netaji Subhas Road, 3rd and 4th floor,Kolkata-700 001

Phone: 91-33-2230 0055/3259/4954/3083Fax: 91-33-2230 1250, 2230 3259

E-mail: [email protected]: www.wbfconline.org


KEY APPROVALS REQUIRED

List of approvals and clearances required Department

Incorporation of company Registrar of Companies

Registration, Industrial Entrepreneurs Memorandum (IEM),

industrial licensesDepartment of Industries, West Bengal State Government

Permission for land use

Allotment of land

West Bengal Industrial Development Corporation (WBIDC), West Bengal Industrial

Infrastructure Development Corporation, West Bengal Small Scale Industries

Development Corporation

Site environmental approval

West Bengal Pollution Control Board (WBPCB)No-Objection Certificate and consent under Water and

Pollution Control Act

Registration under States Sales Tax Act and Central and

State Excise ActExcise Department, Government of West Bengal

Commercial taxes

Sanction of powerWest Bengal State Electricity Distribution Company Limited (WBSEDCL), Kolkata

Electric Supply Corporation, Damodar Valley Corporation, Durgapur Projects

Limited, Dishegarh Power Supply Company Limited, according to area demarcated

Power feasibility

Power connection

Approval for construction activity and building plan

Public Works Department, Government of West Bengal, State Water Investigation

Department, Public Health Engineering Department, Government of West BengalWater and sewerage clearance

Water connection


COST OF DOING BUSINESS IN WEST BENGAL

Cost parameter Cost estimate Source

Cost of land (per sq ft) US$ 4 to US$ 100 Industry sources

Hotel room cost (per night) 2015-16 US$ 80 Indian hotel survey

Office space (rent per sq ft per month) US$ 1.0 to US$ 3.0 Industry sources

Residential space (rent per sq ft per

month)US$ 0.3 to US$ 1.2 Industry sources

Labour cost (minimum wages per day) US$ 2.5 to US$ 4.4Ministry of Labour and Employment,

Government of India


STATE ACTS & POLICIES … (1/2)

Objectives

West Bengal Start Up

Policy, 2016-21

The policy was drafted aiming to brace up the culture of start-ups in West Bengal by acknowledging various

auspicious start-ups and promoting them socially.

To boost the establishment of various business incubators in association with the private sector across the state.

Read more

To create a sustainable ecosystem in the MSME sector, which can maximise the utilisation of resources and widen

the area of operation to make the state emerge as the MSME leader in the country in the next ten years.

Micro, Small and Medium

Enterprises Policy 2013 Read more

To eliminate systemic bottlenecks in the process of Industrialisation in the state.

To improve the ease of doing business.

Investment Industrial

Policy West Bengal 2013 Read more

West Bengal Information

Technology and

Electronics Policy 2018

To become one of the leading states in India in the IT, ITeS, ICT and ESDM sectors

To transform into a knowledge-driven, technologically-enabled welfare society with extensive use of IT/ITeS,

thereby increasing employment opportunities and promoting the state as a preferred investment destination.Read more

To promote IT/ITeS projects of large, medium, small, and micro units to be set up in the state.West Bengal ICT

Incentive Scheme 2012 Read more

To bring in related industries and services of this growth industry, geared to revenue streams and payback, and

appropriate business model.

To map, conserve and sustainably use bio-resources, particularly those which are unique to the state.

West Bengal

Biotechnology Policy

2013Read more

http://bengalglobalsummit.com/pdf/policies/Start-up-Policy-2016-2021.pdfhttp://bharatchamber.com/MSME-policy-2013-18.pdfhttp://www.wbidc.com/images/pdf/Investment_Industrial_Policy_West_Bengal_2013.pdfhttps://www.webel.in/assets/notice/IT_Policy_2018.pdfhttp://bengalglobalsummit.com/pdf/policies/West-Bengal-ICT-Incentive-Scheme-2012.pdfhttp://wbhed.gov.in/readwrite/uploads/biotechnology/Biotechnology Policy.Revised.PDF


STATE ACTS & POLICIES … (2/2)

West Bengal Tourism

Policy 2016

To achieve growth in excess of 10 per cent in tourist arrivals over the next five years.

To increase availability of branded hotel accommodation rooms in the state to 100,000 by 2020.

To make tourism more sustainable and abide by the basic tenets of environment, social and economic

sustainability.

Objectives

Read more

To facilitate the development, operation, maintenance, management, administration and regulation of special

economic zones in the state.

Special Economic Zone

Act (SEZ) 2003 Read more

https://wbtourismgov.in/tourism_policy/tourism_policy_2016.pdfhttp://www.sezindia.nic.in/writereaddata/statePolicies/west bengal policy.pdf

WEST BENGAL

ANNEXURE


ANNEXURE…(1/2) - SOURCES

Data Sources

GSDP (state) MOSPI

Per capita GSDP figures MOSPI

GSDP (India) MOSPI

Installed power capacity (MW) Central Electricity Authority, as of February 2019

Wireless subscribers (No) Telecom Regulatory Authority of India, as of January 2019

Internet subscribers (Mn) Telecom Regulatory Authority of India as of September 2018

National highway length (km) NHAI, Roads and Building Department - Government of India

Airports (No) Airports Authority of India

Literacy rate (%) Census 2011

Birth rate (per 1,000 population) SRS Bulletin September 2017

Cumulative FDI equity inflows (US$ billion) Department of Industrial Policy & Promotion, April 2000 to September 2018

Operational PPP projects (No) DEA , Ministry of Finance, Government of India

Operational SEZs (No) Ministry of Commerce & Industry, Department of Commerce, July 2018


ANNEXURE…(2/2) - EXCHANGE RATES

Exchange Rates (Fiscal Year) Exchange Rates (Calendar Year)

Year INR INR Equivalent of one US$

2004–05 44.95

2005–06 44.28

2006–07 45.29

2007–08 40.24

2008–09 45.91

2009–10 47.42

2010–11 45.58

2011–12 47.95

2012–13 54.45

2013–14 60.50

2014-15 61.15

2015-16 65.46

2016-17 67.09

2017-18 64.45

Q1 2018-19 67.04

Q2 2018-19 70.18

Q3 2018-19 72.15

Year INR Equivalent of one US$

2005 44.11

2006 45.33

2007 41.29

2008 43.42

2009 48.35

2010 45.74

2011 46.67

2012 53.49

2013 58.63

2014 61.03

2015 64.15

2016 67.21

2017 65.12

2018 68.38

Source: Reserve Bank of India, Average for the year


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WEST BENGAL - IBEF · 3 WEST BENGAL For updated information, please visit EXECUTIVE SUMMARY Source: Statistics of West Bengal, Government of West Bengal West Bengal, India’ssixth