West Bengal, with a total geographical area of 88,752 square kilometers, is located at the center of the eastern region of India.
West Bengal is one of the most culturally and ethnically diverse states of India. It is an agrarian state and offers tremendous potential for investment in agriculture-related businesses. The state has fertile soil, excellent climate, and aggressive land reform programs. The government is hoping that substantial growth in the agricultural sector will provide a basis for accelerated industrial development in the state. A stable political situation, the cooperation of domestic investors, the establishment of world-class financial institutions, and good labor relations provide a positive business climate for foreign investment and continued industrial development in the state.
West Bengal is the second largest recipient of investment in the country. It has been receiving a number of investments in the iron and steel, chemicals, plastic, information technology, and biotechnology sectors. Tremendous opportunities exist in IT sector, which offers employment and export potential. The state has achieved significant improvements in the urban infrastructure scenario with reference to water supply, sanitation, education, health, restructuring connectivity, and real estate. It has a proper transportation system, efficient and high quality power at competitive rates, and a sound telecommunications network. West Bengal has emerged as a prime investment
destination in India, with a large number of foreign investments in Howrah and Kolkata. The state government has undertaken several policy measures and incentives for the overall socio-economic development of the economy.
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If your business requires professional advice about operating in West Bengal, please contact Dezan Shira & Associates.
