West Bengal State Report - March 2019

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

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
development
Transportation
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’ GSDP
6.30 100.00
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

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.
108.55
108.63
111.88
117.43
121.80
131.04
158.40
5.20
5.91
6.77
7.18
7.97
8.79
10.21
0
2
4
6
8
10
12
0
20
40
60
80
100
120
140
160
180
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
US$ billion Rs trillion
CAGR (in Rs) 11.88%
GSDP per capita of West Bengal at current prices
1,182
1,171
1,195
1,241
1,275
1,358
1,625
56,693
63,786
72,272
75,916
83,456
91,114
104,751
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
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
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 MOSPI
Source: MOSPI

ECONOMIC SNAPSHOT – NSDP
NSDP of West Bengal at current prices
98.69
99.10
102.06
106.54
110.91
119.55
144.50
4.73
5.40
6.17
6.51
7.26
8.02
9.31 0
1
2
3
4
5
6
7
8
9
10
0
20
40
60
80
100
120
140
160
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
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
1,075
1,069
1,090
1,126
1,161
1,239
1,483
51,543
58,195
65,932
68,876
75,992
83,126
95,562
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
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
US$ Rs
CAGR (in Rs) 10.84%
Source: MOSPI
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 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
394
424
436
239
955 50
218
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
FY01-FY11
FY12
FY13
FY14
FY15
FY16
FY17
FY18
FY19^
FY01-FY19^

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)
9,088.00
7,470.30
8,236.25
9,148.22
7,452.61
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
138.00
202.90
385.80
163.07
46.45
124.04
182.32
150.02
0
20
40
60
80
100
120
140
160
180
200
0
50
100
150
200
250
300
350
400
450
2014-15
2015-16
2016-17
2017-18*^
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 Aviation
Note: *as per AAI’s National Register 2017

PHYSICAL INFRASTRUCTURE – AIRPORTS … (2/2)
Source: Airports Authority of India,
Kolkata Aircraft Movement (nos.)
85,696
94,375
99,843
93,605
92,871
97,128
102,485
124,154
148,802
148270
-
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
2018-19*
Kolkata Passenger Traffic (million)
8.05
9.63
10.30
10.07
10.10
10.92
12.42
15.81
19.89
19.99
0.00
5.00
10.00
15.00
20.00
25.00
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
2018-19*
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)
12,875
15,283
16,782
16,173
17,390
16,802
28,511
31,010
33,507
34,141
40,496
40,782
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
2013-14
2014-15
2015-16
2016-17
2017-18
2018-19*
Kolkata Dock System Haldia Dock Complex
Commodity
Kolkata 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)
8,316.89
8,567.29
8,616.29
9,224.82
9,842.04
10,258.40
10,382.78
10,637.59
10,549.83
0
2,000
4,000
6,000
8,000
10,000
12,000
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
2018-19*

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 million
2
Number of AMRUT cities with population
greater than 10 million
0
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 rate
1
15.4
Death rate
1
5.8
Infant mortality rate
2
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
Year
Funds
Allocated
Funds
Released
Expenditure
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 Park
Rubber 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 Park
Iron & 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)
236.78
223.33
228.31
269.43
287.32
312.10
324.26
329.70
357.39
387.86
356.95
0.00
50.00
100.00
150.00
200.00
250.00
300.00
350.00
400.00
450.00
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
2018-19*
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)
561.58
310.93
711.92
555.94
178.19
135.66
210.66
164.45
0.00
100.00
200.00
300.00
400.00
500.00
600.00
700.00
800.00
2015-16
2016-17
2017-18
2018-19**
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)
156.49
223.68
389.42
555.07
531.07
471.09
0.00
100.00
200.00
300.00
400.00
500.00
600.00
2013-14
2014-15
2015-16
2016-17
2017-18
2018-19*^

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)
1.86
2.19
2.06
2.07
2.24
2.29
2.83
0.00
0.50
1.00
1.50
2.00
2.50
3.00
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
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)
1.47
1.49
1.58
1.62
1.67
1.70
1.74
1.85
0.00
0.20
0.40
0.60
0.80
1.00
1.20
1.40
1.60
1.80
2.00
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18E
2018-19A
 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)
14,340.70
13,045.90
14,605.80
15,023.70
15,370.70
14,677.20
15,953.90
15,302.50
14,967.00
11,679.00
0
5000
10000
15000
20000
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18*
2018-19**
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
76.0
81.3
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
2017P
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 - 705
Fax: 91-33-2255 3737
Email: wbidc@wbidc.com
Website: http://www.wbidc.com/
West Bengal Industrial Infrastructure Development Corporation (WBIIDC)
5-Council House Street, Third floor, Kolkata – 700011
Phone: 22305804-08
Email: tridibB@wbiidc.org
West Bengal Small Industries Development Corporation Limited (WBSIDC)
Shilpa Bhawan, 31 Black Burn Lane, Kolkata-700 012,
Phone: 91-033-2237 3895
Email: md@wbsidcl.com
West Bengal Electronics Industry Development Corporation Limited (WEBEL)
Webel Bhavan, Block-EP & GP, Sector-V, Salt Lake
Kolkata-700 091
Phone: 91- 33- 2357 1704/06
Fax: 91-33-2357 1708 /2357 1739
Email: contact@webel-india.com
West Bengal Finance Corporation (WBFC)
12A, Netaji Subhas Road, 3rd and 4th floor,
Kolkata-700 001
Phone: 91-33-2230 0055/3259/4954/3083
Fax: 91-33-2230 1250, 2230 3259
E-mail: administraton@wbfconline.org
Website: 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 licenses Department 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 Act Excise Department, Government of West Bengal
Commercial taxes
Sanction of power
West 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 Bengal
Water 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$ 4.4
Ministry 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
2013 Read more

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

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

DISCLAIMER
India Brand Equity Foundation (IBEF) engaged Aranca to prepare this presentation and the same has been prepared by Aranca in consultation with
IBEF.
All rights reserved. All copyright in this presentation and related works is solely and exclusively owned by IBEF. The same may not be reproduced,
wholly or in part in any material form (including photocopying or storing it in any medium by electronic means and whether or not transiently or
incidentally to some other use of this presentation), modified or in any manner communicated to any third party except with the written approval of
IBEF.
This presentation is for information purposes only. While due care has been taken during the compilation of this presentation to ensure that the
information is accurate to the best of Aranca and IBEF’s knowledge and belief, the content is not to be construed in any manner whatsoever as a
substitute for professional advice.
Aranca and IBEF neither recommend nor endorse any specific products or services that may have been mentioned in this presentation and nor do
they assume any liability or responsibility for the outcome of decisions taken as a result of any reliance placed on this presentation.
Neither Aranca nor IBEF shall be liable for any direct or indirect damages that may arise due to any act or omission on the part of the user due to any
reliance placed or guidance taken from any portion of this presentation.

West Bengal State Report - March 2019

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