WEST BENGAL CULTURALLY ARTISTIC

CULTURALLY ARTISTIC July 2017

Table of Content Executive Summary......3 Advantage State....4 Vision 2022........5 West Bengal An Introduction....6 Annual Budget 2015-16 18 Infrastructure Status...19 Business Opportunities.....42 Doing Business in West Bengal......63 State Acts & Policies.....68

EXECUTIVE SUMMARY One of the largest state economies West Bengal, India s 6th largest economy, had a gross state domestic product (GSDP) of US$ 140.56 billion in 2016-17. The state s GSDP grew at a CAGR of 10.42% during 2005-16. Kolkata as the next IT hub By 2015-16, 8 IT parks located at Barjora, Rajarhat, Asansol, Durgapur Phase II, Bolpur, Siliguri Phase II, Puralia & Kharagpur started operating. Establishment of 7 new IT parks at Haldia, Krishnanagar, Kalyani, Bantala, Taratala, Howrah, Malda is expected to start soon in next 5 years. Major producer of potato In 2016-17, West Bengal was the 2nd largest producer of potato in India, accounting for about 25.06% of the country s potato output. The state s potato production stood at 11 million tonnes in 2016-17. Largest rice producer West Bengal is the largest producer of rice in India. In 2016-17, rice production in West Bengal totalled to 16.2 million tonnes, which is expected to cross 17 million tonnes by 2017. Coal rich state West Bengal is the 3rd largest state in India in term of mineral production, accounting for about one-fifth of total mineral production. Coal accounts for 99% of extracted minerals. Source: Statistics of West Bengal, Government of West Bengal 3

ADVANTAGE: 2014-15 Geographic and cost advantage Rich labour pool 2022-23 T Annual textile sales US$ 4.5 billion 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. There are 22 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. Annual textile sales US$ 21.5 billion Scope for industrial Progress Advantage West Bengal Excellent connectivity 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% by 2022-23. 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. In Dec 2016, the central government has approved a US$ 1 billion highway project connecting West Bengal with three countries Bangladesh, Nepal and Bhutan. Note: T Target Source: West Bengal Vision 2022-23, News articles 4

VISION 2022 Development of sanitation and hygiene infrastructure, supporting urban development. Ensuring fresh water supply and clean drinking water in rural areas. Red tapism to be minimised or removed and encouraging transparency in governance. Encouraging technological innovation in providing services and governance. Facilitating road connectivity throughout the state, upgrading air transportation, transformation of the state s port to world class facilities for container management and shipping. Providing appropriate transportation, irrigation and storage facilities. Training farmers to use scientific agri practices. Transportation infrastructure Agriculture Sanitation & hygiene Health Use of innovative crop production methods, research, new seed technologies. Implementation of social security schemes and enforcing various health & food policies. Improving medical infrastructure by improving quality of healthcare. Vision 2022 Governance Power generation Economic development Education 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. 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 Source: Confederation of Indian Industry 5

FACT FILE Parameters West Bengal Capital Kolkata Geographical area (lakh sq. km) 88,752 Administrative districts (No) 19 Source: Maps of India Population density (persons per sq. km) 1,028 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. 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 (%) 77.1 Source: West Bengal Industrial Development Corporation, Census 2011 6

IN FIGURES (1/2) Parameter West Bengal All states Source Economy 2015-16 2015-16 GSDP as a percentage of all states GSDP 6.51 100.0 Directorate of Economics & Statistics of West Bengal, Central Statistics Office GSDP growth rate (%) 14.89 8.71 Directorate of Economics & Statistics of West Bengal, Central Statistics Office Per capita GSDP (US$) 1,539.50 1,546 Directorate of Economics & Statistics of West Bengal, Central Statistics Office Physical Infrastructure Installed power capacity (MW) 10,532.78 330,273.65 Central Electricity Authority, as of June 2017 Wireless subscribers (No) 58,712,093 1 1,180,824,744 Internet subscribers (No) 16,580,000 1 422,200,000 National highway length (km) 2,909.8 100,087.08 Telecom Regulatory Authority of India, as of May 2017 Telecom Regulatory Authority of India, as of March 2017 NHAI, Roads and Building Department- Government of India Major and minor ports (No) 2 13+187 Indian Port Association Airports (No) 3 125 Airports Authority of India Note: 1 including West Bengal and Sikkim 7

IN FIGURES (2/2) Parameter West Bengal All states Source Social Indicators Literacy rate (%) 77.1 73.0 Census, 2011 Birth rate (per 1,000 population) 16.0 21.6 SRS Bulletin Investment FDI equity inflows (US$ billion) 3.98 1 332.11 Department of Industrial Policy & Promotion, April 2000 to March 2017 Industrial Infrastructure PPP projects Completed & Operational (No) 31 1,246 DEA, Ministry of Finance, Government of India, July 2016 Operational SEZs (No) 7 200 Notified as of April 2017, Ministry of Commerce & Industry, Department of Commerce, April 2017 1 Includes West Bengal, Sikkim and Andaman & Nicobar Islands 8

2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 52.16 57.97 615 74.36 676 74.1 84.12 858 847 101.05 952 114.81 114.18 117.43 1133 132.86 1276 1257 1282 140.56 1450.45 1539.5 ECONOMIC SNAPSHOT GSDP GSDP of West Bengal at current prices (in US$ billion) GSDP per capita of West Bengal at current prices (in US$) 160 140 120 100 80 60 40 20 CAGR 10.42% 1800 1600 1400 1200 1000 800 600 400 200 CAGR 9.61% 0 0 At current prices, gross state domestic product (GSDP)* of West Bengal is estimated at US$ 140.56 billion in 2015-16. The average annual GSDP growth rate from 2005-06 to 2015-16 was about 10.42%. The state s per capita GSDP^ in 2015-16 was US$ 1,539.50 as compared to US$ 615 in 2005-06. The per capita GSDP increased at a compound annual growth rate (CAGR) of 9.61% between 2005-06 and 2015-16. Note: GSDP* - State Plan Budget Estimates 2015-16, Per Capita GSDP^ - calculated using GSDP million US$/Population in million Source: Directorate of Economics & Statistics of West Bengal, Central Statistics Office 9

2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 47.51 52.86 560 616 67.92 67.3 76.45 784 769 865 92.34 105.03 1036 104.5 107.3 1167 1151 1171 120.93 124.54 1320.22 1364.02 ECONOMIC SNAPSHOT NSDP NSDP of West Bengal at current prices (in US$ billion) NSDP per capita of West Bengal at current prices (in US$) 140 CAGR 10.11% 1600 CAGR 9.31% 120 1400 100 80 60 40 20 1200 1000 800 600 400 200 0 0 At current prices, net state domestic product (NSDP) # of West Bengal was estimated at US$ 124.54 billion in 2015-16. The average annual NSDP growth rate from 2005-06 to 2015-16 was about 10.11%. The state s per capita NSDP & in 2015-16 was US$1,364.02 as compared to US$505 in 2005-06. The per capita NSDP increased at a CAGR of 9.31% between 2005-06 and 2015-16. Note: NSDP # - calculated using per capita NSDP x Population in million, per capita NSDP & - Geometric mean of YoY calculation from 2004-05 to 2014-15 Source: Directorate of Economics & Statistics of West Bengal, Central Statistics Office 10

ECONOMIC SNAPSHOT PERCENTAGE DISTRIBUTION OF GSDP In 2015-16, the tertiary sector µ contributed 60.83% to the state s GSDP at factor cost, followed by the primary sector (23.46%) and secondary sector (15.71%). At a CAGR of 15.55%, the tertiary sector has been the fastest growing among the 3 sectors from 2004-05 to 2015-16. The growth has been driven by trade, hotels, real estate, finance, insurance, transport, communications & other services. The primary sector grew at a CAGR of 14.17% between 2004-05 and 2015-16. The secondary sector grew at a CAGR of 11.09% between 2004-05 & 2015-16. It was driven by manufacturing, construction, electricity, gas & water supply. 100% 90% 80% 70% 60% 50% 40% 30% GSDP composition by sector 54.40% CAGR 60.83% 15.55% 20.30% 11.09% 15.71% 20% 25.30% 23.46% 10% 0% 14.17% 2004-05 2015-16 Primary Sector Secondary Sector Tertiary Sector Note: Sector-wise %share of GSDP µ -Geometric mean of YoY calculation from 2004-05 to 2014-15 Source: Directorate of Economics & Statistics of West Bengal, Central Statistics Office 11

ECONOMIC SNAPSHOT AGRICULTURAL PRODUCTION (1/2) Agriculture is the chief occupation of the people of West Bengal. It contributed 18.8% to the state s GSDP in 2014-15. Rice, potato, jute, sugarcane and wheat are the top 5 crops of the state. Rice is the principal food crop of West Bengal. The state is the largest producer of rice in India. In 2015-16, rice production reached 16.1 million tonnes. Area of major horticulture crops in West Bengal (2016-17) ( 000 hectares) Fruits Vegetables Plantation Flowers Spices 252.66 1,387.49 52.49 26.04 128.10 In 2015-16, the production of horticulture crops in West Bengal stood at 27.97 million metric tonnes. Other major food crops in the state include rapeseed & mustard, maize, onion, pulses, coconut and tea. Crop Annual production, 2016-17 ( 000 tonnes) The state stands 1st in the country in terms of jute production. In 2015-16, the state produced around 2.38 million tonnes of sugarcane & 3.1 million tonnes of fruits. Tea & jute are the major crops being produced in the state. Tea gardens in the state are located in Darjeeling & Jalpaiguri, the northern districts of West Bengal. From March 2017, Kerala State Cooperative Consumers Federation (Consumerfed) is set to purchase rice worth US$ 14.87 million, from West Bengal, to sell at affordable rates at its outlets across the state, to keep a check on the rising prices of rice. Rice 16,100 3 Fruits 3708.45 Jute 68.00 2 Sugarcane 2,380.0 3 Vegetables 25,500.61 Plantation 293.48 Flowers 282.76 Onion 380.15 3 Spices 356.60 Honey 15.76 Tea 324.26 1 2 Total pulses 326.8 3 Note: 1 In million kg, News articles, 2 2014-15, 3 2015-16 Source: Ministry of Agriculture, Government of India, Coconut Development Board, Tea Board of India 12

ECONOMIC SNAPSHOT AGRICULTURAL PRODUCTION (2/2) Funds under National Food Security Mission US$ million 2012-13 2013-14 2014-15 2015-16 Allocated Released Allocated Released Allocated Released Allocated Released 9.17 6.40 12.61 9.16 10.54 8.30 5.43 2.82 Funds under National Horticulture Mission by Government of India US$ million 2012-13 2013-14 2014-15 2015-16 Allocated Released Allocated Released Allocated Released Allocated Released 6.35 3.15 7.05 1.33 7.05 3.11 4.35 1.53 Source: Ministry of Agriculture, Government of India, 13

2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 115 95 51.47 239 394 424 436 489 955 ECONOMIC SNAPSHOT FDI INFLOWS & INVESTMENTS According to the Department of Industrial Policy & Promotion (DIPP), FDI inflows in West Bengal, along with Sikkim and Andaman & Nicobar Islands, during April 2000 to March 2017, totalled US$ 3.98 billion. West Bengal contributes around 1% to the total FDI inflows of the country. During Bengal Global Summit, a total investment of US$3.48 billion was allocated to the mining and the fisheries sector of the state. The state government has received investment proposals worth US$ 35 billion during the two-day Bengal Global Business Summit, which was organised in January 2017. 1000 900 800 700 600 500 FDI inflows in West Bengal 1 (in US$ million) 400 300 200 100 0 Note: 1 Includes West Bengal, Sikkim and Andaman & Nicobar Islands Source: Department of Industrial Policy & Promotion (DIPP) 14

ECONOMIC SNAPSHOT EXPORT TRENDS The total exports of West Bengal stood at about US$ 9.02 billion in 2014-15. Leather exports from the state constitute about 12% of India s total leather goods exports. West Bengal is the country s leading exporter of flowers. In addition, the state has the country s largest brackish-water resources for shrimp farming and has been a leading exporter of shrimps from India. West Bengal is the leading exporter of potatoes to Sri Lanka and Bangladesh. The other export products include jute, tea, rice, etc. Floriculture exports from the state of West Bengal increased from US$ 13.78 million in 2015-16 to US$ 12.31 million in 2016-171. Exports of fruits & vegetable seeds from West Bengal increased from US$ 11.84 million in 2015-16 to US$ 6.58 million in 2016-171, while, exports of non-basmati rice from the state, in 2016-17 1, were recorded at US$ 313.45 million. Note: 1 Data for April 2016 February 2017 Source: APEDA, News Articles 15

ANNUAL BUDGET 2017-18 The total expenditure allocated for the state as per the state budget 2017-18 is US$ 109.64 billion Major sector-wise allocation as per Budget 2017-18 Sector Annual allocation (US$ million) Department of Panchayat and Rural Development 1,996.77 Department of School Education 1,499.36 Women, Child Development and Welfare Department 719.14 Department of Health & Family Welfare 512.05 Irrigation & Waterways 374.07 Departments of Public Works & Public Works (Road) 458.37 Power 246.79 Agriculture 305.80 Housing 142.79 Technical Education and Training 121.22 Source: Government of West Bengal, Finance Department, Budget 2017-18 16

2012-13 2013-14 2014-15 2015-16 8.89 12.15 10.62 16.11 PHYSICAL INFRASTRUCTURE ROADS West Bengal has a total road length of around 299,209 km. The national highways running through the state cover approximately 2,909.8 km. As per state budget 2016-17, in West Bengal, more than 10,663 km of highways and 10,000 km of rural roads have been constructed & renovated over past 5 years. As of July 2015, the state Government proposed the construction of 4 roads with a combined length of 159.22 km to the Border Roads Organisation (BRO) in the state of West Bengal. Under Pradhan Mantri Gram Sadak Yojana (PMGSY) scheme, the total funds allocated & released for the state, during 2015-16 (up to October 2015), were recorded to be US$ 163.92 million & US$ 109.38 million, respectively. For road works, an expenditure of US$ 98.16 million was incurred under PMGSY during 2015-16 (till October 2015). In the state budget 2016-17, the Government of West Bengal proposed to increase the funds allocated to Public Works (Roads) Department, from US$ 246.28 million in 2015-16 to US$ 399.95 million in 2016-17. For FY16 the total capital outlay for development of roads & bridges in the state stood at US$ 320.45 million. A number of road development projects have been taken up under Public-Private Partnerships (PPP). The Barasat-Krishnanagar section, Palsit-Dankuni road project and Panagarh-Palsit road project are some of the PPP projects taken up in the state. In May 2017, the state government is planning to develop the 2.6 km long Muragaccha-Kalyani road at NH-34 end to improve road connectivity for the proposed AIIMS at Kalyani. The project includes construction of four lane stretch along with both side drain and additional cross drain system. Road type Road length (km) Total road length 299,209 National highways 2,909.8 State highways 4,505 Funds allocated for maintenance of national highways in West Bengal US$ Million 20 15 10 5 0 Source: Ministry of Road Transport & Highways, Budget 2016-17 17

PHYSICAL INFRASTRUCTURE RAILWAYS West Bengal is well connected through the railway network. The length of railways was around 4,069.97 km as of 2014. 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. Indian Railways has already started work to set up an electric locomotive assembly and ancillary unit at Dankuni, West Bengal. The work on extension of metro railway from Dum Dum to Noapara, which is 2.57 km long, is being completed by Kolkata s Metro Railway, whereas the work on extension work from Noapara to Baranagar is being implemented by RVNL. As of November 2015, the construction work on metro stretch of 4.38 km from Noapara and Dakshineshwar has commenced from the end of Dakshineshwar and is expected to be commissioned by the end of 2017. The government is also 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 18

PHYSICAL INFRASTRUCTURE AIRPORTS (1/2) West Bengal has 2 airports: domestic & an international airport. Netaji Subhash Chandra Bose International Airport is located in Dum Dum, 18 km from Kolkata; the domestic airports are at Bagdogra (Siliguri) & at Behala, 16 km from Kolkata. For the year 2015-16, total passenger traffic at Kolkata airport was 12,421,244. The Kolkata airport is being modernised at a estimated cost of US$ 521 million. Modernization would include modern taxiways, a new terminal & extension of a runway. This would help in increasing the passenger handling capacity to around 25 million passengers annually as compared to 10.9 million in March 2015. Kazi Nazrul Islam airport at Andal, Bardhaman, has become the 1st greenfield airport in India. The project has been promoted by Bengal Aerotropolis Projects Limited (BAPL) with an estimated cost of around US$ 2.2 billion. The airport started operations in May 2015. Upgradation of Coochbehar and Bagdogra Airports has been planned under the 12th Five Year Plan. There are also plans for setting up of new airports at Malda, Coochbehar, Haldia, Burdwan, Asansol & Sagar. West Bengal became the first state to provide 100% waiver on sales tax on aviation turbine fuel at Kazi Nazrul Islam Airport, Bagdogra and Cooch Behar for a three-year period. Behala International airport Domestic airport Kolkata Bagdogra Source: Airports Authority of India 19

2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 8.05 9.63 85,696 10.30 10.07 10.10 94,375 99,843 93,605 92,871 10.92 97,128 1,02,485 12.42 1,24,154 15.81 PHYSICAL INFRASTRUCTURE AIRPORTS (2/2) During 2016-17, the Kolkata airport handled 152,415 Metric Ton of freight. Kolkata aircraft movement (nos.) Kolkata passenger traffic (million) 1,40,000 18.00 1,20,000 16.00 1,00,000 14.00 12.00 80,000 10.00 60,000 8.00 40,000 20,000 6.00 4.00 2.00-0.00 Source: Airports Authority of India, 20

2012-13 2013-14 2014-15 2015-16¹ 1 2016-17 33,49,138 30,65,564 50,50,209 62,37,124 PHYSICAL INFRASTRUCTURE PORTS AND INLAND WATERWAYS (1/2) West Bengal has two major ports located at Kolkata and Haldia. From April to July 2017, the combined volume of goods handled by both the ports of Kolkata and Haldia, was 18.41 million tonnes, comprising 13.019 million tonnes at Haldia Dock Complex and 5.391 million tonnes at Kolkata Dock System. 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. The upgradation is expected to be completed by 2017. DP World is developing a greenfield container terminal on the east bank of the river Hooghly in Kulpi. The port will have 900 mtr quay line and 34 hectares of paved yard. The project cost is US$ 265 million. 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. As of August 2016, the first trial of cargo transport on NW-1, was launched from Varanasi to Kolkata. The state Government has initiated plans to reclaim the 43 km northcanal system that stretches from river Hoogly to river Raimangal on the Bangladesh border. Kolkata Haldia Cargo movement in National Waterway One 70,00,000 60,00,000 50,00,000 40,00,000 27,16,436 30,00,000 20,00,000 10,00,000 - Source: Ministry of Shipping, Government of India, Indian Port Association 21

2013-14 2014-15 2015-16 2013-14 2014-15 2015-16 28,511 12,875 15,283 31,010 16,782 33,507 PHYSICAL INFRASTRUCTURE PORTS AND INLAND WATERWAYS (2/2) Traffic handled by Kolkata Dock System ( 000 tonnes) Traffic handled by Haldia Dock Complex ( 000 tonnes) 18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 34,000 33,000 32,000 31,000 30,000 29,000 28,000 27,000 26,000 Traffic handled at major ports in West Bengal during 2015-16 (2) ( 000 tonnes) Commodity Kolkata Dock System Haldia Dock Complex P.O.L 321 4,071 Iron ore 12 869 Fertiliser 127 397 Coal 211 4,880 Container 5,590 802 Others 3,638 8,624 Note: 1 As of December 2015, 2 As of October 2015 Source: Indian Port Association 22

2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18(1) 7,731.70 8,149.50 8,316.90 8,567.30 8,654.30 8,958.80 9,576.00 9,984.40 10,382.78 10,532.78 PHYSICAL INFRASTRUCTURE POWER As of June 2017, West Bengal had a total installed power generation capacity of 10,532.78 MW; of which 6,697.95 MW was under state utilities; 2,664.07 MW was under the private sector and 1,170.77 MW was under central utilities. 12,000.0 Installed power capacity (MW) Of the total installed power capacity, 8,612.15 MW was contributed by thermal power, 1,396.00 MW by hydropower and 424.64 MW by renewable power. 10,000.0 8,000.0 West Bengal Renewable Energy Development Agency, formed in the year 1993, has implemented a large number of programmes related to solar energy, wind energy, mini & micro hydel, bio-energy, etc. 6,000.0 4,000.0 The West Bengal Power Development Corporation Limited Board is planning to establish an additional 500 MW unit under the existing capacity of Sagardighi Thermal Power Plant in coming years. 2,000.0 0.0 Similarly, the establishment of 2 new units (500 MW each) in Santaldih Thermal Power Plant, are being planned by WBPDC in coming years. Moreover, the work on setting up one unit is under process. In August 2016, the Central Government launched Pradhan Mantri Ujjwala Yojana, targeted to benefit 19.6 million BPL households over a period of three years. The state is expected to witness an investment of around US$ 441 million, while creating 10,000 new jobs. In March 2017, SPML Infra Ltd received new orders worth US$ 37.18 million for power transmission and distribution in West Bengal and Haryana. The company received US$ 15.90 million worth of orders from West Bengal State Electricity Distribution Company for rural electricity infrastructure development in Murshidabad. During 2015-16, out of 22 un-electrified, 8 villages were electrified with the cumulative achievement being 37,449. (1) Note: As of June 2017 Source: Central Electricity Authority 23

2015-16 2019-20 1,328 2,300 EMPHASIS ON HYDRO POWER PROJECTS The state is laying emphasis on the development of hydel power generation capacity. WBSEDCL has identified potential to develop 6,300 MW of hydropower, which includes pumped storage potential of 4,800 MW and 1,500 MW of canal falls. During 2015-16, the total hydro power generated in the state was recorded to be 1,328 MW. Expected growth in hydro power capacity (MW) 2,500 2,000 1,500 1,000 500 - Private sector power generating stations Prime mover Developer Project name Installed capacity (MW) Steam Steam C.E.S.C. Pvt. Budge-Budge Thermal Power Station New Cossipore Thermal Power Station Steam Southern Replacement T P S 135 Steam Titagarh Thermal Power Station 240 750 160 Steam Chinakuri Thermal Power Station 30 Steam Dishergarh Pvt. Dishergarh Thermal Power Station 18 Steam Seebpore Thermal Power Station 8.375 Steam M/s Haldia Energy Limited Haldia TPP 600 Total power generating capacity 1,941.37 Source: Central Electricity Authority, Ministry of Power, Government of India 24

PHYSICAL INFRASTRUCTURE TELECOM According to Telecom Regulatory Authority of India (TRAI), there were 58.71 million wireless subscribers and 0.32 million wireline subscribers in West Bengal as of May 2017. Kolkata offers about 580 Mbps of international satellite connectivity through Tata-owned Videsh Sanchar Nigam Limited (VSNL) and Software Technology Parks of India (STPI). The state has five STPI earth stations at Kolkata, Durgapur, Kharagpur, Haldia, and Siliguri. The Department of Telecommunications has selected Digha in the East Midnapore district as the cable landing station for the submarine-cable laying project connecting India and Southeast Asia. In May 2017, the state recorded 16,592 new telephone wireless connections of Aircel, 199,640 new connections of Vodafone and 166,209 new wireless connections of Bharti Airtel. By the end of May 2017, 16,241,628 subscribers had submitted requests for mobile number portability in West Bengal. Telecom Infrastructure (As of May 2017) Wireless subscribers 1 58,712,093 Wire-line subscribers 1 320,207 Internet subscribers 1 16,580,0002 Teledensity (in%) 93.26 Source: Telecom Regulatory Authority of India, 1 including West Bengal and Sikkim 2 As of March 2017 Some of the major telecom operators in West Bengal Dishnet Wireless Bharti Airtel Vodafone Essar Tata Teleservices Bharat Sanchar Nigam Limited (BSNL) IDEA Cellular Reliance Communications 25

DEVELOPMENT PROJECTS: URBAN INFRASTRUCTURE Qn kj5 0k dh 13 ing n% ari m o. nte silti 20 De 2 0o pe 20 r% Under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM), 80 projects costing US$ 1.2 billion have been sanctioned for West Bengal as of 2015 under Urban Infrastructure & E- Governance. Key areas of development are water supply, sewerage, solid-waste management, construction of flyovers, drainage/storm water drains & mass rapid transport system. In comparison with the previous allocation of US$ 314.37 million in 2015-16, under the state budget 2016-17, the Government of West Bengal allocated US$ 366.21 million to the Urban Development Department. In March 2017, Kolkata's Eco Park opened a new organic herbal restaurant known as Roof-Katha, which is managed by the Bengal agriculture department. The restaurant s roof has an organic garden, products of which are used to cook & serve the food. Major projects completed in 2016 Project Name 110 MGD Jetty, water pumping station, 50 MGD water treatment plant 3 million gallon capacity semi underground reservoir cum booster pumping station at Convent Park 3 million gallon capacity semi underground reservoir cum booster pumping station at Senpally Note: UIG - Urban Infrastructure and Governance Project cost US$ million 32.68 - - Externally aided programmes are as follows: Project Kolkata Urban Services for the Poor (KUSP) Kolkata Environment Improvement Project (KEIP) Italian Assisted Solid Waste Management & Water Supply Projects Description Programme for 40 urban local bodies within Kolkata Metropolitan Area, excluding Kolkata Municipal Corporation, at a cost of US$ 155 million. The allocation of financial aid is as follows: Infrastructure (67.4%), capacity building (11.2%), economic development (5.0%), health support (4.4%) & the rest for planning, innovation and monitoring. Project with assistance from the Asian Development Bank and the Department for International Development (DFID), at a cost of US$ 401.3 million. Project for water supply and solid-waste management in selected towns of West Bengal, at a cost of US$ 34 million. 26

FOCUS ON PPP MODEL The state has outlined opportunities of US$ 736.5 million for PPP projects, mainly in the area of tourism. The Himalayan mountain range, the largest riverine delta, a mangrove forest, Sunderban & tea gardens in Darjeeling are some of the state s main tourist attractions. Key focus sectors for the PPP model Tourism Industrial and knowledge parks Health Townships West Bengal has also planned the development of several airports, budget & premium hotels in Sunderbans, Digha & other places. Establishment of the West Bengal Infrastructure Development Fund is aimed to meet the financing needs of PPP projects. Professional PPP consultants and PPP cells have also been created to undertake sector-specific PPP projects. Three new medical colleges have been planned in Kolkata, Nadia and Cooch Behar on a PPP model Under the PPP mode, West Bengal is the 1st state in India to set up fair price medicine shops. As of July 2015, around 100 medicine shops were set up in the state, which have helped to provide a discount of around US$ 67.22 million to over 15,700,000 patients. Education Road and bypass, flyovers Airports and heliports Logistic hubs Water supply and power Solid waste management and drainage Urban transport and housing 27

KEY PUBLIC-PRIVATE PARTNERSHIP (PPP) PROJECTS Project name Sector-sub sector Project cost (US$ million) Stage Amusement Park at Dagapur Social and Commercial Infrastructure-Common infrastructure for industrial parks, SEZ 4.15 Operation Berth 4A (Haldia) Project Transport-Ports (excluding captive) 33.18 Operation Kolkata Durgapur Expressway Transport Roads and bridges 71.67 Operation Mechanisation of HDC Berth No. 2 and 8 Transport-Ports (excluding captive) 24.88 Operation O&M and Management of 25 MGD Water Treatment Plant Water sanitation - Sewage collection, treatment and disposal system 7.47 Operation Palsit-Dankuni NH-2 (Durgapur Expressway) Road Project Transport Roads and bridges 71.67 Operation Panagarh-Palsit Road Transport Roads and bridges 58.06 Operation Development of Haldia Dock II (North) Transport-Ports (excluding captive) 136.26 Operation Water Supply and Sewerage Systems at Salt Lake Sanitation-Sewage collection, treatment and disposal system 11.11 Operation Source: Department of Economic Affairs, Government of India 28

DEVELOPMENT PROJECTS: SEZs (1/2) Notified SEZs in West Bengal (1) Uttarpara: IT/ITeS park New Town: IT/ITeS park 24 Parganas: IT/ITeS park Rajarhat, Kolkata: IT/ITeS parks (Unitech Hi-Tech Structures) Rajarhat, Kolkata: IT/ITeS parks (DLF) Note: (1) As of July 2015 Source: Ministry of Commerce & Industry, Government of India 29

DEVELOPMENT PROJECTS: SEZs (2/2) As of July 2016, West Bengal had 21 SEZs; of which, 7 are operational, 5 are notified, 7 are formally approved and 2 have inprinciple been approved. Sector-wise operational SEZs in West Bengal Exports and employees in SEZs in West Bengal 1 Industry 2013-14 2014-15 1 1 IT/ITES Gems & Jewellery Exports US$ billion 2.69 0.45 5 Multi Product Employees 48,112 49,599 Formally approved SEZs-June 2017 SEZs with in-principal approvals-june 2017 Industry Locations No of SEZs Industry Locations No of SEZs IT/ITeS Kolkata, Rajarhat, 24 South Paraganas, Uttarpara, North 24 Parganas, Rajarhat, New Town Kolkatta 7 Bengal Srei Infrastructure Development Limited DLF Limited Kharagpur, West Bengal Dankuni township, West Bengal 1 1 Note: (1) As of July 2015 Source: Ministry of Commerce & Industry, Government of India 30

SOCIAL INFRASTRUCTURE EDUCATION (1/2) West Bengal has a literacy rate of 77.1%; the male literacy rate is 81.7% and the female literacy rate is 70.5%. Net enrollment ratio (NERs) of girls in primary education, upper primary education and elementary education was higher than the boys in West Bengal. West Bengal has 22 universities, 124 polytechnics, 72 management colleges, 114 industrial training institutes and industrial training centers (which includes 52 Government ITI centres & 62 private centres ) & 17 medical colleges. On National Science day, 2017, foldscopes or origami paper microscopes were distributed among all state run schools in rural areas, as a charity initiative for making science accessible to the Bengali-speaking masses in the state. Funds released for West Bengal under SSA scheme US$ million Scheme SSA Program me 2012-13 2013-14 2014-15 2015-16 2016-17 428.1 254.1 161.3 129.4 722.81 Literacy rates (%) Literacy rate 77.1 Male literacy 81.7 Female literacy 70.5 West Bengal s education statistics Number of schools Source: Census 2011 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) Number of teachers (all schools) Government schools: 12,972,344 Private schools: 996,723 Government teachers: 512,714 Private teachers: 65,589 Source: State Report Card 31

SOCIAL INFRASTRUCTURE EDUCATION (2/2) The West Bengal Government Merit-Cum-Means Scholarship Scheme has been instituted to help poor students pursue higher education. The scholarship amount varies from US$ 10 to US$ 33 per month. As per state budget 2016-17, the Government of West Bengal allocated US$ 1,493.03 million for school education, US$ 75.64 million for higher education and US$ 111.38 million for technical education and training in the state. In 2014-15, the state Government set up 155 primary schools and 350 upper primary schools in West Bengal. In addition, 104 junior high schools were upgraded into high schools and 206 high schools were upgraded to higher secondary schools during this period. Educational infrastructure (2015) State universities: 22 Polytechnics: 124 Management colleges: 72 Industrial training institutes and industrial training centres: 114 ( Including both Government & Private) Medical colleges: 17 Premier institutions in West Bengal Under the 12th Five Year Plan (2012-2017), several projects have been planned for the development of education related infrastructure: Five new universities will be set up across the state. 18 model degree colleges will be set up in 18 districts. 60 general degree colleges will be set up in the economically backward districts of the state. 75 new integrated schools with residential facilities will be set up in the backward areas. University of Calcutta Jadavpur University National Institute of Technology Rabindra Bharati University Vidyasagar University Burdwan University West Bengal University of Health Sciences Indian Statistical Institute Indian Institute of Technology Indian Institute of Management Bengal Engineering & Science University Indian Institute of Foreign Trade Indian Association for Cultivation of Science Indian Institute of Chemical Biology Source: University Grants Commission, Government of India, Medical Council of India, All India Council for Technical Education, West Bengal Technical Education & Training Department 32

SOCIAL INFRASTRUCTURE HEALTH (1/2) The health infrastructure of West Bengal comprised 78 sub divisional hospitals, 27 district hospitals, 1,020 primary health centres, 445 community health centres and 10,388 sub-centres as of November 2015. As per state budget 2016-17, US$ 458.17 million was allocated to the Health and Family Welfare department. During 2014-15, the Government of West Bengal set up 8 new district hospitals and 8 new health districts in the state. As of February 2015, West Bengal had 561 functional health units and a New Born Care Corner (NBCC) was established in each health unit. Additionally, the state Government has planned to set up another 100 NBCCs across the state of West Bengal. The state has launched the Antoyadaya Anna Yojana (AAY) scheme to ensure that families get food grains; total number of beneficiaries under this scheme is 1.98 million families. Under the 12th Five Year Plan (2012-2017), the state Government has planned to upgrade the Jhargram sub-divisional hospital to district hospital. It has also proposed to set up a new blood bank at Khatra, Bankura. Health indicators (2015) Birth rate 1 15.5 Death rate 1 65.9 Infant mortality rate 2 26 Source: Sample Registration System (SRS) Bulletin, December 2016, Census 2011, 1 Per thousand persons, 2 Per thousand live births Health infrastructure (As of November 2015) Active sub-district hospitals 78 Active district hospitals 27 Active primary health centres 1,020 Active community health centres 445 Active sub-centres 10,388 Source: West Bengal Budget 2016-17, Department of Finance, Government of West Bengal 33

SOCIAL INFRASTRUCTURE HEALTH (2/2) During 2015-16, a total of 55 mobile medical units (MMUs)/mobile medical vans (MMVs)/boat clinics were proposed by the state at an amount of US$ 3.41 million, under National Health Mission. Further, under NHM, the Government of India launched Rashtriya Bal Swasthya Karyakram (RBSK) to detect the deficiencies, defects at birth, diseases and development delays among children in the age group of 0-18 years. During 2015-16 (up to June 2015), the number of children screened under this mission stood at 29,98,246. Funds and expenditure under National Rural Health Mission (NRHM)- US$ million Funds Allocated Funds Released Expenditure 2014-15 160.90 161.72 182.83 2015-16 134.97 104.52 113.49 Funds for upgradation/strengthening of PHCs, CHCs, district hospitals and new construction/renovation in tribal areas (US$ million) Funds released under mid day meal scheme - US$ million Allocated Utilised 2013-14 2014-15 2015-16 2014-15 1,545.07 305.74 Released 170.08 166.80 41.49 2015-16 1,255.18 218.54 Source: West Bengal Budget 2016-17, Department of Finance, Government of West Bengal 34

CULTURAL INFRASTRUCTURE Cricket and football (soccer) are popular sports in the state. Kolkata is one of the major centres for football in India and is home to top national clubs such as East Bengal, Mohun Bagan and Mohammedan Sporting Club. Around US$ 17.3 million to be allocated for assistance of around 7,000 sports clubs in the state. Eden Gardens, Salt Lake Stadium and Netaji Indoor Stadium are some of the well known sports stadiums in the state. West Bengal is known for its premier sports clubs: Royal Calcutta Golf Club, Tollygunge Club, Royal Calcutta Turf Club, Calcutta Rowing Club and Calcutta Cricket and Football Club. Bengal had been the harbinger of modernism in fine arts. Birla Academy of Art and Culture Museum, Rashtriya Lalit Kala Academy, Academy of Fine Arts, Asiatic Society and Ashutosh Museum of Indian Arts are some of the art establishments in the state. West Bengal has a rich culture and literature. Music forms in West Bengal include Rabindra Sangeet, Nazrul Geeti, Adhunik, Shyamashangeet, Jibonmukhi, Baul, Gombhira and Bhawaiya. Dance forms include Gaudiya Nritya, Rabindra Nritya, Chhau, Raibense dance, Jhumar and Adhunik Nritya. Jatra is the traditional theatre form of West Bengal. As per state budget 2017-18, US$ 73.98 million was allocated for the Sports & Youth Services Department, by the Government of West Bengal. In March 2017, the state government announced its plans to start producing volleyball nets, volleyballs & footballs, which will be used for playing & training in games, and make Bengal a self sustained state. Earlier the requirement for sports goods in the state was fulfilled from Jalandhar. Source: West Bengal Budget 2016-17, Department of Finance, Government of West Bengal 35

INDUSTRIAL INFRASTRUCTURE (1/3) 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. The Naba Diganta Industrial Township was set up in January 2006, in Kolkata s Salt Lake township to encourage IT and related industries. West Bengal s major industrial areas are Haldia, Kolkata, Asansol- Durgapur region, and Kharagpur. WBIDC helps get clearances required for setting up industry. It also focuses on sector-specific infrastructure for industries such as food, apparel, IT, electronics, engineering, gems & jewellery, cement and chemicals. Under the Upgradation of 1,396 Government ITIs through Public Private Partnership scheme, 28 industrial training institutes (ITIs) were covered in the state of West Bengal as of August 2015. Additionally, under the Skill Development in 34 Districts Affected by Left Wing Extremism scheme, one ITI located in Paschim Midnapur was covered. During the Bengal Global Business Summit, which was organized in January 2017, the state s manufacturing sector procured investments worth US$ 9.19 billion. In an effort to improve the industrial infrastructure, the state government in April 2017 has pulled in heavy investments from major companies from China s Shandong and Jiangsu provinces. Six major joint ventures have been signed between the Chinese majors and mid-sized companies in Bengal. Source: West Bengal Industrial Development Corporation Some of the IT projects in Kolkata Project name Technopolis Globsyn Crystals Infinity-Benchmark Godrej Waterside Millennium City The Hub Infinity (Tower-II) Videocon-Salarpuria Bengal Intelligent Park Ascendas Keepeland DLF Unitech Group Sunrise City Location Sector V, Salt Lake City Sector V, Salt Lake City Sector V, Salt Lake City Sector V, Salt Lake City Sector V, Salt Lake City Sector V, Salt Lake City Sector V, Salt Lake City Sector V, Salt Lake City Sector V, Salt Lake City Rajarhat Rajarhat Rajarhat Rajarhat EM Bypass 36

INDUSTRIAL INFRASTRUCTURE (2/3) Industrial parks in West Bengal Borjora, Bankura District: Plasto Steel Park (Phase-I & II) Bardhhaman: Panagarh Industrial Park, Salanpur Industrial Park, Ranigunj Aluminium & Non-ferrous Metals Park 24 Parganas North: Rishi Bankim Industrial Park Raghunathpur, Purulia District: Raghunathpur Steel & Allied Industrial Park Kolkata: Manikanchan SEZ ( Phase I and II), Garment Park, Shilpangan (Light Engineering Park) West Midnapore District: Vidyasagar Industrial Park, Shalboni Industrial Park, Godapiasal Industrial Park Howrah: Food Park (Phase I & II), Kandua Food Park, Poly Park, Rubber Park, Foundry Park Source: West Bengal Industrial Development Corporation 37

INDUSTRIAL INFRASTRUCTURE (3/3) Some of the industrial parks in West Bengal Project name Location Food Park (Phase-I & II ) Food processing Sankrail, (Howrah District) Poly Park Polymer products Sankrail, (Howrah District) Rubber Park Rubber footwear, hoses, tubes, automotive rubber products Sankrail, (Howrah District) Kolkata Biotech Park Biotechnology products Kolkata Plasto Steel Park (Phase-I & II) Iron and steel and plastic products Borjora (Bankurna District) Vidyasagar Industrial Park Engineering and manufacturing Kharagpur (West Midnapore District) Shalboni Industrial Park Iron & steel Shalboni (West Midnapore District) Panagarh Industrial Park Engineering and manufacturing Panagarh (Bardhhaman) Raghunathpur Steel & Allied Industrial Park Iron & steel, cement and power Raghunathpur, (Purulia District) Foundry Park (Phase-I & II ) Castings, forge and foundry products Sankrail, (Howrah District) Rishi Bankim Industrial Park Multi-product 24 Parganas North Garment Park Garments Kolkata Shilpangan (Light Engineer. Park) Light engineering products Kolkata Source: West Bengal Industrial Development Corporation, Department of Biotechnology Government of West Bengal 38

AMRUT AND SMART CITIES Under Smart City Program, the state government has announced plans to build seven smart cities in West Bengal. As of June 2017, 1 smart city was short listed in the state of West Bengal to be developed as a smart city. 55 cities in the state were identified under Atal Mission for Rejuvenation and Urban Transformation (AMRUT) as of 2017-18. Classification of AMRUT Cities in West Bengal on the basis of population Number of AMRUT cities with population less than 1 million 53 US$ 2.84 million was allocated to the state of West Bengal for Administrative and Office Expenses (A&OE) in order to prepare the Service Level Improvement Plan (SLIP)/Capacity Building (CB). In July 2015, the Ministry of Urban Development of Government of India released US$ 2.45 million as advance for the 59 cities under AMRUT guidelines. Number of AMRUT cities with population in the range of 1 10 million Number of AMRUT cities with population greater than 10 million 2 0 Cities Population New Town Kolkata 36,541 Total number of AMRUT cities 55 39

KEY INDUSTRIES The natural resources, policy incentives & infrastructure in the state support investments in major sectors like iron, steel, biotechnology, coal, leather, jute products, tea, IT, gems & jewellery. The state has 3,000 acres of land at its disposal to set up industries. Climatic conditions suitable for cultivation of tea & jute have made West Bengal a major centre for these products & related industries. West Bengal occupies a predominant position in the development of micro & small scale enterprises. MSME industries are considered to create maximum employment opportunities for the youth in the state as the sector has maximum elasticity of labour output. Over the last 5 years, there has been an increase in bank credit across the MSME sector, which has led to an increase in the investments as well as employment opportunities. The state has 3.5 million working micro, small & medium enterprises (both registered & unregistered) providing employment to around 8.6 million persons. During the Bengal Global Business Summit 2016, EOI s (Expression of Interest), business announcements & investment proposals worth US$ 38.23 billion were received by the state. The state s Ministry of Micro Small & Medium Enterprises (MSME) received business proposals worth US$ 7.54 billion during Bengal Global Business Summit. Upto June 2017, West Bengal received 16 investment proposals worth US$ 5.52 billion. Key industries in West Bengal Tea Petroleum and petrochemicals Leather Iron and steel IT Mineral resources Automobile and auto components Biotechnology Fisheries Agriculture and horticulture Livestock and dairy products Chemicals Textiles Jute products Vegetable oils Electronics Engineering goods Source: Ministry of Micro, Small and Medium Enterprises, Government of India, West Bengal Budget 2016-17, Department of Finance, Government of West Bengal; News articles 40

2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18(1) 95.77 233.10 221.20 229.80 226.40 279.30 312.90 324.26 329.60 359.07 KEY INDUSTRIES TEA (1/2) West Bengal is the second-largest tea growing state in India, and accounted for around 27.88% of India s tea production during 2014-15. Total tea production in West Bengal from April-September 2015 stood at 211.1 million kilograms. Tea gardens in the state are located in Darjeeling and Jalpaiguri, the two northern districts of West Bengal. Some of the key players Tata Global Beverages Goodricke Group Ltd Mcleod Russel India Ltd Duncans Industries Ltd Darjeeling tea has a geographical indication (GI) status that is recognised globally. It is regarded by connoisseurs as the Champagne of Teas. 400 Production of tea (in million kg) Around 10 million kg of Darjeeling tea is produced annually. 350 Wagh Bakri Tea, India's third largest packaged tea company, plans to make acquisitions worth ~US$ 17 million by 2015. As a part of its plan, the company aims to acquire five to seven tea estates in Assam and West Bengal. 300 250 200 150 For reviving five loss making state-owned tea gardens, the Government of West Bengal invited participation from private players. The process completed in February 2015. The Ambootia group was awarded 3 Darjeeling gardens for US$ 4.73 million, while the remaining 2 gardens in Dooars were auctioned for US$ 1.12 million to Malnady Tea Private Ltd. 100 50 0 Note: 1 During April 2017 June 2017 Source: Tea Board of India 41

KEY INDUSTRIES TEA (2/2) 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. In 2016-17, consolidated revenues of the company stood at US$ 1.07 billion. 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. Its consolidated revenue in 2016-17 stood at US$ 318.8 million. Goodricke Group Ltd (GGL) 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. Its total income during 2016-17 stood at US$ 107.84 million. 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. 42

2013-14 2014-15 2015-16 2016-17* 156.48 223.68 194.36 287.00 KEY INDUSTRIES PETROLEUM AND PETROCHEMICALS (1/3) West Bengal accounted for around 3.8% of the country s refinery crude throughput in 2014-15. The state accounts for about 4% of the total production of petroleum products in India. Haldia Petrochemicals Limited is one of India s largest integrated petrochemical complexes. Indian Oil Corporation plans to increase crude refining capacity to 1.85 million barrels per day (bpd) by 2016-17 from 1.47 barrels per day in 2014-15. The company has also announced to increase its Haldia plant capacity by 10,000 bpd in 2016-17 from 172,000 bpd as of 2014-15. Mitsubishi Chemicals and Corporation, a Japan based chemicals major, has invested in a Purified Terepthalic Acid (PTA) plant at Haldia with an investment of US$ 780 million (Phases I & II). Key players Indian Oil Corporation Ltd (IOCL) Oil India Ltd (OIL) Oil and Natural Gas Corporation Ltd (ONGC) Haldia Petrochemicals Ltd (HPL) Production of natural gas in West Bengal (million cubic meters) 350.000 300.000 250.000 200.000 150.000 100.000 50.000 0.000 43 Note:, 1 As of September 2015, 2016-17*- April to February Source: Ministry of Petroleum & Natural Gas Statistics 2014-15, Government of India

KEY INDUSTRIES PETROLEUM AND PETROCHEMICALS (2/3) Indian Oil Corp Ltd (IOCL) IOCL is India's largest company by sales with a revenues of US$ 65.39 billion in 2016-17. It is 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. The company augmented the capacity of Paradip-Haldia-Barauni crude oil pipeline from 11 MMTPA to 15.2 MMTPA. IOCL had approved the total project cost of US$ 97.21 million. The project is awaiting statutory clearance. The commissioning of the project is expected by August 2015. Oil and Natural Gas Corp Ltd (ONGC) ONGC is India s leading oil and gas exploration and production company, with production of 1.24 million barrels of oil equivalent per day, accounting for over 64% of domestic production. The company has 240 onshore production installations, 202 offshore production installations, 77 drilling rigs and a 26,598-km pipeline network. ONGC acquired five onshore blocks spread over 16,500 sq km in West Bengal for US$ 2 billion as of December 2009. The company is expected to commence its first oil exploration activity in West Bengal at Block PA-ONN- 2005/1 of the Purnea basin (acquired in 2008). During 2015-16, the company recorded total revenues of US$ 12.00 billion. 44

KEY INDUSTRIES PETROLEUM AND PETROCHEMICALS (3/3) 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. The total sales turnover of the company during 2014-15 was US$ 1.6 billion. From April-September 2015, the company recorded revenues of US$ 0.9 billion. 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. In February 2015, the company restarted its operations after the plant was shut down on July 7, 2014 due to shortage of working capital. 45

KEY INDUSTRIES LEATHER (1/2) West Bengal is one of the leading exporters of finished leather goods. West Bengal is the third largest producer of finished leather products in India, after Tamil Nadu and Uttar Pradesh. According to the Council for Leather Exports (CLE), 26% of the tanneries in India are located in West Bengal. As of 2014-15, the state had around 666 manufacturing units producing leather and leather goods. West Bengal Leather Industrial Development Corporation provides assistance to small & micro scale industries of the state for the development and marketing of leather goods. The Government of West Bengal has set up an integrated leather complex on the eastern fringe of Kolkata, spread over 1,100 acres. Kolkata is the second most important tanning centre of India, accounting for 22-25% of the country s tanning activity. The state government is in the process of framing an export policy. In addition, the state is in talks with the Italian Trade Commission for further promotion of leather exports. In February 2017, the state government announced that the state leather industry produced goods worth US$1.93 billion in 2015-16, of which exports stood at US$1.041 billion. Key players Khadim India Limited Bata India Limited Singhvi International Balmer Lawrie and Company Limited As of March 2016, the state government proposed an outlay of US$ 15.28 million for upgradation and renovation of unfinished infrastructure of 1100-acre Calcutta Leather Complex. Indian Leather Product Association (ILPA) is also planning to develop a 130-acre footwear park within the complex, at an estimated cost of US$ 152.76 million\ In May 2017, major leather companies of the country decided to invest US$ 148.73 million to set up tanneries covering an area of two lakh square metres within the Kolkata Leather Complex (KLC) Source: Ministry of Commerce and Industry, Government of India 46

KEY INDUSTRIES LEATHER (2/2) Khadim India Ltd The Khadim Group has a significant presence in the footwear segment, especially in the eastern region of India. It is the second largest footwear retailer in India. The company has 641 stores in 21 states of India, out of which 263 stores are located in West Bengal. It has a manufacturing unit at Kasba Industrial Estate, Kolkata. The company has an annual production capacity of 8.27 million pairs and plans to expand further. Bata India Ltd Bata India Limited, incorporated in Kolkata, is the largest shoe manufacturer in India. The company has a 30.0% share of the organised footwear market and its retail footprint spans more than 1,200 stores; it sells over 50 million pairs of footwear every year. Bata has a manufacturing unit in Batanagar, West Bengal. During FY 2016-17, the company earned revenues of 395.85 million. Singhvi International Singhvi International, established in 1974, is engaged in the export of leather hand gloves and safety garments worldwide. Factory and warehouse units are spread in and around Kolkata. It has its registered office in Kolkata. Balmer Lawrie and Co Ltd Balmer Lawrie is a Government of India enterprise; it is headquartered in Kolkata. The company manufactures leather chemicals. It has manufacturing operations at Kolkata, Mumbai, Chennai, Mathura, Silvassa and offices at many locations in India. The company generated gross revenues of US$ 295.09 million during 2016-17. 47

KEY INDUSTRIES IRON AND STEEL (1/2) West Bengal has emerged as a favoured destination for the steel industry. The state s deposits of iron ore have helped attract new projects. The Chhota Nagpur plateau bordering West Bengal, is the nerve-centre of this industry. The Joint Plant Committee (JPC) for steel has been constituted by the Government of India to formulate guidelines for production, allocation, pricing and distribution of steel materials in the country. Headquartered in Kolkata, it has regional offices in Kolkata, New Delhi, Mumbai and Chennai. The state accounts for about 10.0% of the country s total steel capacity. Durgapur, popularly named the Steel City of Eastern India, has two major steel plants: Durgapur Steel Plant and Alloy Steel Plant. During 2016-17 (up to December 2016), the production of hot metal, pig iron as well as alloy & non-alloy steel in Durga Steel Plant was recorded to be 1.81 million tonnes, 85 thousand tonnes and 397 thousand tonnes, respectively. During 2015-16, 30 places in five districts of the state, i.e., Paschim Medinipur, Darjeeling, Purba Medinipur, Coochbehar and Malda) were identified by Institute for Steel Development & Growth, where the cluster development activities can take place. In Bengal Global Summit held in January 2015, the state government announced plans to invest US$ 6.6 billion for the expansion of the Durgapur Steel plant. As of December 2015, the expansion of Durgapur Steel Plant had finished. In June 2017, a drinking water project funded by Tata Steel was inaugurated at Haldia. The initiative is part of the CSR activities undertaken by the Hooghly Met Coke (HMC) Division of Tata Steel. Some of the key players JSW Steel Ltd SAIL Shyam Steel Super Forgings & Steel Ltd (SFSL) 48

KEY INDUSTRIES IRON AND STEEL (2/2) JSW Steel Ltd (JSL) JSW Steel Ltd is among the largest private steel companies in India, with a capacity of 14.3 million tonnes per annum (MTPA). The company is targeting a capacity of 40 MTPA in the next decade. In October 2014, JSW announced plans to increase its steel capacity at the Bellary plant to 16 MTPA with an estimated investment outlay of US$ 4.97 billion. In 2016-17, the total sales turnover of the company was US$ 9.40 billion. Steel Authority of India Ltd (SAIL) SAIL is the leading steel maker in India, with consolidated income of US$ 7.80 billion in 2016-17. Indian Iron & Steel Company (IISCO), which was a 100% subsidiary of SAIL, has been amalgamated with the parent company. The company has an integrated steel plant in Durgapur. In May 2015, the Government dedicated 2.5 million tonnes IISCO steel plant(isp) at Burnpur to the nation. Shyam Steel, established in 1953 in Howrah, is among the leading manufacturers of steel re-bars and structural steel. Its plant at Durgapur comprises a steel melting furnace, a billet casting plant and a rolling mill. Shyam Steel Super Forgings & Steel Ltd (SFSL) Incorporated in 1968, SFSL is one of the leading manufacturers of carbon and alloy constructional grades of steel. The company was initially (in 1960) a trading unit for alloy steels. SFSL s product line includes tools steel, stainless steel (including corrosion resistant steel), carbon alloy and construction steel. The company s products find application in the defence, power generating industries, automobiles and ancillary units, as well as railways. A multi-locational company, SFSL has three units in West Bengal, two in Howrah and one in Bhadreshwar. 49

2012-13 2013-14 2014-15 2015-16¹ 2,589 9,588 11,849 11,009 KEY INDUSTRIES TEXTILES West Bengal s textile industry is centered around handlooms, power looms, jute and silk. West Bengal is the seat of the hosiery industry in India, with 17,900 hosiery units. The state holds a distinction for the manufacture of four types of commercially traded silk: mulberry, tasar, eri and muga. Raw silk production in the state was recorded at around 2,391 MT in 2015-16. However, during 2016-17 (up to May 2016), the state s production stood at 385 metric tonnes. The State s Textile Policy 2013-18 aims to increase the sector s contribution to 10% of the state GDP by 2022-23. This would provide employment to at least 10 million people. The positive triggers in West Bengal for the textile industry s development include ample production of chemicals and local dyes, availability of power, cheap labour and presence of export facilities due to ports and airports. The state s textile industry is estimated to have generated direct employment for 1.5 million people. The Government of West Bengal proposed an allocation of US$ 117.03 million for Micro, Small & Medium Enterprises & Textiles Department, during 2017-18. Textile industry 2014-15 Segment No of mills Production Handlooms 351,000 1,056 million metres Powerlooms 10,050 120.6 million metres Hosiery 17,900 176 million kg Jute 64 8,228.2 Silk N.A. 2,500 MT Readymade garments Cotton yarn production in West Bengal ( 000 tonnes) 12,000 10,000 8,000 6,000 4,000 2,000 21,251 490 million pieces - Note: N.A. Not Available, 1 From April 2015-June 2015 Source: Central Silk Board, Ministry of Textiles, Government of India, Directorate of Economics & Statistics 50

KEY INDUSTRIES INFORMATION TECHNOLOGY (1/2) Over 550 IT and ITeS companies were operating in the state, employing approximately 135,000 professionals in 2014-15. The state has identified IT as a priority focus sector to be developed as a growth engine for future. As of June 2017, West Bengal had 7 IT/ITeS based SEZs with formal approval. 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% by 2030. By 2015-16, eight IT parks located at Barjora, Rajarhat, Asansol, Durgapur Phase II, Bolpur, Siliguri Phase II, Puralia, Kharagpur started operating. Also, the state government is in the process of establishing 7 new IT parks at Haldia, Krishnanagar, Kalyani, Bantala, Taratala, Howrah and Malda. Around 20,000 new employment opportunities are expected to be generated with the implementation of these IT parks. In February 2017, Government of West Bengal announced plans to set up a single mobile platform to bring together various e- governance services pertaining to citizens, investors and businesses, at an estimated cost of US$1.03 million. As per state budget 2017-18, the Government of West Bengal allocated US$ 31.04 million for the development of the IT & Electronics department in West Bengal. For the promotion of the IT sector in the state, Indian Institute of Information Technology (IIIT) was set up in Kalyani, West Bengal. The state government announced its plans to invest US$ 8.55 million for upgrading and expanding the infrastructure of West Bengal State Data Centre. (IVRS) Interactive Voice Response System service will be launched soon in the state. The service will let the Citizen to lodge complaints via mobile phones to the government, and would get to know the time frame for delivery of the requested service. Some of the key players Genpact Cognizant Technology Solutions HCL Tata Consultancy Services Source: Budget Speech 2016-17, 2017-18 51

KEY INDUSTRIES 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. 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. HCL HCL Technologies is a leading global technology and IT enterprise with revenues of US$ 3.1 billion in 2015-16. It 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. Tata Consultancy Services (TCS) 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. It posted revenues of around US$ 16.6 billion in 2015-16 and US$ 17.58 billion during 2016-17. 52

KEY INDUSTRIES MINERAL RESOURCES (1/2) Raniganj is an important coal field in West Bengal. Other coal fields in the state are located at Barjora, Birbhum and Darjeeling. As of April 2015, the state s total coal reserves/resources were estimated at 31.43 billion tonnes. Eastern Coalfields Limited (ECL) has produced 40.21 million tonnes of coal in 2015-16. Rock phosphates deposits are found in Beldhi, Chirugora and Kutni regions of Purulia district. Deposits of granite and kaolinite are found in Purulia, Bankura and Birbhum districts. Good quality pegmetallic-quartz is available at Mirmi in Purulia district; deposits of basalt-trap rocks used to prepare road metals are available in Birbhum district. During the period April 2016 to February 2017, coal production in the state stood at 24.21 million tonnes. In April 2015, about 67 coal blocks were renewed out of 204 cancelled coal blocks. Auction of 67 coal blocks is expected to draw a revenue of about US$ 55.63 billion for seven states. Out of the allocated blocks, 11 blocks have been awarded in the state of West Bengal through auction and allotment in accordance with the provisions of Coal Mines (Special Provisions) Act, 2015 and the rules made thereunder. In January 2016, government announced its plans to auction eight coal blocks for the unregulated sector, including iron, steel, cement and capacitive power plants in the fourth round of e-auctions. Blocks Jaganathpur A and Jaganathpur B in West Bengal are included in this list. Coal resources in West Bengal (million tonnes) Proven Indicated Inferred Total reserves 13,518 13,010 4,907 31,435 During 2015-16 a total of 100 mines (excluding atomic and minor minerals) were reported in the state of West Bengal. The total value of mineral production (excluding atomic minerals and minor minerals) from the state stood at US$ 1.15 billion. The state government s special purpose vehicle (SPV), Bengal Birbhum Coalfields Ltd (BBCL) will develop India s largest coal mine in Birbhum district as the Government of India has allotted the rights of Deocha-Pachami coal block to the state under the government route. Source: Ministry of Coal, Government of India, News articles 53

KEY INDUSTRIES MINERAL RESOURCES (2/2) Production of MCDR (Mineral Conservation and Development Rules) minerals Name of mineral Unit 2013-14 2014-15 Sulphur tonnes 41,901 49,659 Felspar tonnes 19,842 19,137 Fire clay tonnes 95,504 71,273 Silica sand tonnes 62,415 89,925 Kaolin tonnes 90,137 80,999 Quartzite tonnes 7,090 2,560 Quartz tonnes 35,521 37,215 Source: Ministry of Coal, Government of India, News articles 54

KEY INDUSTRIES AUTOMOBILE AND AUTO COMPONENTS The automobile industry in West Bengal is dominated by Original Equipment Manufacturers (OEMs). The auto components industry comprises units manufacturing a range of products from simple nuts and bolts to complex items such as shafts, radiators and axles. Easy access to raw materials such as iron and steel is an advantage for the growth of the automotive and auto components industry in the state. Key policy initiatives to support growth in automobile industry include allowing 100% FDI, removal of minimum capital clauses for fresh entrants, conducting incessant modernisation of the industry & facilitate indigenous design, research & development and leveraging state s software technology into automotive technology, wherever relevant. The Government of West Bengal has expressed interest in welcoming Tata Motors. The state will provide all the cooperation needed for acquiring land. West Bengal s automobile market grew at a CAGR of 11.05% during 2011 to 2015. Owing to rising investments and growing demand from exports, the automobile industry of the state is projected to grow at a CAGR of over 14.8% during 2016-2021. In June 2017, Ashok Leyland partnered with JIS Group Educational Initiatives for starting a service Training Centre in Kolkata, for training the personnel to get higher productivity and better retention. In January 2017, Mahindra and Mahindra decided to setup a spare parts distribution hub in Kharagpur in West Bengal for an investment of US$ 23.79 million. Production in the facility is expected to commence in September 2018. In October 2016, Michelin launched the X Guard radial truck tyre for entering into the mass market segment of commercial vehicle tyres in the country. 55

KEY INDUSTRIES BIOTECHNOLOGY West Bengal has many attributes that favour the development of the biotechnology industry. It has rich natural resources based on a diversity of flora and fauna. TCG Life Sciences is the leading biotechnology company in West Bengal. Other companies in this space include Chembiotek, DSR Genome Technologies, Amit Biotech, Krish Biotech & Subhasree Biotech. A wide variety of commercial crops are cultivated, which can be improved by biotechnology interventions. Examples of such interventions are application of bio-fertilisers for soil fertility, bio-pesticides for environment friendly integrated pest management, genetic modification to produce golden rice, tissue culture for horticulture, floriculture and medicinal plants. Research institutes such as Bose Institute, Indian Institute of Chemical Biology, Indian Association for the Cultivation of Science, National Institute of Cholera and Enteric Diseases, Jadavpur University, All India Institute of Hygiene and Public Health, Calcutta School of Tropical Medicine and Indian Institute of Technology, Kharaghpur are engaged in high quality research in various areas of biotechnology. There are three biotechnology parks in the state: Jagadish Chandra Bose Biotechnology Park (Madhyamgram), EKTA Incubation Centre (Kolkata) and Kolkata Biotech Park (Kolkata). 56

2012-13 2013-14 2014-15 2015-16 1,490 1,581 1,617 1,671 KEY INDUSTRIES FISHERY The state has a long coastline (over 150 km) & innumerable water bodies, reflecting the huge potential for inland fishing & fish cultivation. During 2017-18, allocation of US$ 42.97 million has been made by the state government for the development of Fisheries Department in the state. In March 2017, the state fisheries secured an order worth US$133.87 million, to export fishes to China, Japan & Dubai. The fisheries department is setting up processing units with modern facilities at Henry Island in South 24-Parganas & Nalban in Salt Lake. The fishes will then be packed in these units & then exported to the countries. The state government plans to introduce a new method of deep sea pisciculture or cage culture. Under this process, fishes are cultured inside floating cages in the middle of the sea. The process will help in bringing down the burden on the lakes and inland hatcheries. West Bengal s fish production (in 000 tonnes) 1,700 1,650 1,600 1,550 1,500 1,450 1,400 1,350 Source: Department of Animal Husbandry, Dairying & Fisheries, Ministry of Agriculture, Government of India, Assocham, News articles 57

KEY INDUSTRIES AGRICULTURE AND HORTICULTURE West Bengal has 6 agro-climatic zones & offers a diverse variety of environments for agriculture & horticulture production. Production of fruits & vegetables in the state in 2016-17, stood at 3.7 million tonnes of fruits and around 25.5 million tonnes of vegetables, respectively. Floriculture is an emerging industry in West Bengal with high prospects. In 2016-17, total production of flowers (loose) in the state stood at 71,190 MT. Total production of cut flowers, during the same period, stood at 201,570 MT. In 2016-17, in the state of West Bengal, gross area of 26,040 hectares was under flower production. West Bengal was one of the leading states in horticulture with total horticulture crop production of 30.15 million tonnes in 2016-17. There is good potential for exporting flowers like gladiolus, gerbera, tuberose & rose to Holland, Middle East, the UK & Japan. Indoor plants & foliages such as asparagus, palms, cycads and ferns are also grown in the state. As per the state budget 2017-18, the Government of West Bengal allocated US$ 305.80 million to the agriculture sector, whereas US$ 24.87 million has been allocated to food processing industries and Horticulture Department, during 2017-18. As of March 2017, the state government is planning to incur an expenditure of US$96.68 million to conserve water resources such as rivers, developing parks & vast green spaces, on installing LED lights, safe transport system, etc., to increase the green cover under the Green City Mission 2017. Under the mega project named as Horticulture Development in Paschimanchal Districts, the state government has decided to utilize the unused land for fruit farming in five districts, namely, Purulia, Bankura, Birbhum, West Burdwan and Paschim Mednipur. In the first phase, the project is to cover an area of 810 hectares in the Bankura district. Note: 1 as per first advanced estimates Source: National Horticulture Board Government of India, News articles 58

2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 3,983 4,087 4,176 4,300 4,471 4,671 4,859 4,906 4,961 5,038 KEY INDUSTRIES LIVESTOCK AND DAIRY PRODUCTS The state has a favourable climate for poultry breeding and is considered as one of the most attractive poultry markets in India. It has enormous export potential in poultry and duck meat. West Bengal s indigenous cattle population is quite good. The state s milk production increased at a CAGR of 2.78% during 2007-16 and was estimated to reach 5.03 million tonnes in 2015-16. West Bengal accounted for 3.18% of India s total milk production during 2015-16. With a production of 676 thousand tonnes, the state was one of the leading producers of meat in the country in 2015-16. Egg production in the state of West Bengal stood at 4.92 billion units in 2015-16. In May 2017, Amul announced that it will setup a US$ 37.18 million milk processing plant in the state. 6,000 5,000 4,000 3,000 2,000 West Bengal s milk production (in 000 tonnes) CAGR 2.78% 1,000 - Source: National Dairy Development Board, Ministry of Agriculture, Government of India, 59

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 16.5 19.7 20.4 21.7 22.3 23.5 23.9 26.7 50.4 71.7 KEY INDUSTRIES 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 Subhas 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. During 2015, the total number of domestic tourist that visited West Bengal stood at 70.20 million (which is equivalent to 4.9 per cent of the overall domestic tourists that visited India). While, the total number of foreign visitors that visited the state during the same period stood at 1.49 million (equivalent to 6.4 per cent of the overall foreign tourists that visited India). The government plans to start paragliding in major tourist spots such as Digha and Sunderbans to attract foreign tourists. The state Government has identified 11 potential tourist sites in the state where it will develop tourism infrastructure on PPP mode. Under Smart City Program, the state Government has announced to build 7 smart cities in West Bengal. 6 of them have been identified. The locations that have been identified are near Garia, Siliguri (Malda district), Asansol-Durgapur, Bolpur (Birbhum district), Kalyani (Nadia district) & Nabanna. 80 70 60 50 40 30 20 10 0 West Bengal s tourist inflows (in millions) 14.5 CAGR 17.3% The state government is taking various new initiatives such as setting up ATMs, water facilities, toy train, ropeway, etc. to boost tourism in Digha. The cost of the project is estimated at US$ 7.44 million, and would be executed by Digha Sankarpur Development Authority. Under the Swadesh Darshan Scheme, US$ 13.04 million was sanctioned by the Government of India during 2015-16, for the implementation of Coastal Circuit Theme in the state. As per state budget 2017-18, Government of West Bengal allocated US$ 52.11 million for the development of tourism sector in the state. Around 74.5 million domestic tourists arrived during 2015-2016 Source: Ministry of Tourism, Government of India 60

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. 61

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. 62

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 63

KEY APPROVALS REQUIRED List of approvals and clearances required Incorporation of company Registration, Industrial Entrepreneurs Memorandum (IEM), industrial licenses Permission for land use Allotment of land Site environmental approval No-Objection Certificate and consent under Water and Pollution Control Act Registration under States Sales Tax Act and Central and State Excise Act Commercial taxes Sanction of power Power feasibility Power connection Approval for construction activity and building plan Water and sewerage clearance Water connection Department Registrar of Companies Department of Industries, West Bengal State Government West Bengal Industrial Development Corporation (WBIDC), West Bengal Industrial Infrastructure Development Corporation, West Bengal Small Scale Industries Development Corporation West Bengal Pollution Control Board (WBPCB) Excise Department, Government of West Bengal 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 Public Works Department, Government of West Bengal, State Water Investigation Department, Public Health Engineering Department, Government of West Bengal 64

COST OF DOING BUSINESS IN 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 65

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. Read more To boost the establishment of various business incubators in association with the private sector across the state. Micro, Small and Medium Enterprises Policy 2013 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. Read more Investment Industrial Policy West Bengal 2013 To eliminate systemic bottlenecks in the process of Industrialisation in the state. To improve the ease of doing business. Read more West Bengal Policy on Information & Communication Technology 2012 To become one of the leading states in India in the IT & ITeS and Electronic System Design and Manufacturing (ESDM) sectors and to enable West Bengal to transform into a knowledge-driven welfare society with extensive use of IT & ITeS in governance and in the daily lives of the people of the state. Read more West Bengal ICT Incentive Scheme 2012 To promote IT/ITeS projects of large, medium, small, and micro units to be set up in the state. Read more West Bengal Biotechnology Policy 2013 To bring in related industries and services of this growth industry, geared to revenue streams and payback, and appropriate business model. Read more To map, conserve and sustainably use bio-resources, particularly those which are unique to the state. 66

STATE ACTS & POLICIES (2/2) Objectives West Bengal Tourism Policy 2008 To improve the market share of West Bengal in the inbound international tourism segment and also to have a dominant share in the domestic tourism market. To promote responsible and sustainable tourism through the integrated development of infrastructure and not sporadic, stand alone and fragmented development. Read more Special Economic Zone Act (SEZ) 2003 To facilitate the development, operation, maintenance, management, administration and regulation of special economic zones in the state. Read more 67

CONFERENCES/SUMMITS FOR 2017 Summit Venue of Summit Date Women's Leadership International Conference (WLIC 2017) Kolkata 3rd September, 2017 International Conference on Internet Of Things (ICIOT-17) Kolkata 10th September, 2017 International Conference on Mechanical And Production Engineering (ICMAPE-17) Asansol 1st October, 2017 International Conference Energy & Meteorology (ICEM 2017) Kolkata 29th October, 2017 7th Asian Mining Congress and International Mining Exhibition (AMC 2017) Kolkata 8th November, 2017 International Conference on Genomics and Pharmacogenomics (ICGP 2017) Kolkata 31st December, 2017 Source: India conference alerts 68

EXCHANGE RATES Exchange rates (Fiscal Year) Year INR equivalent of one US$ 2004-05 44.81 2005-06 44.14 2006-07 45.14 2007-08 40.27 2008-09 46.14 2009-10 47.42 2010-11 45.62 2011-12 46.88 2012-13 54.31 2013-14 60.28 2014-15 60.28 2015-16 65.46 2016-17 67.09 Q1 2017-18 64.46 Source: Reserve Bank of India 69

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