Bengal Global Business Summit : A look-back at last three editions
West Bengal

Bengal Global Business Summit : A look-back at last three editions

Agency News

Kolkata, Feb 06: The Bengal Global Business Summit (BGBS) is an annual flagship event organised by the Bengal Government to showcase the state’s investment potential and to highlight its business enthusiasm in front of the global business community.

Over the past few years, BGBS has emerged as one of the foremost business summits in India. Some of the top industrialists have participated in these summits, along with several international

Starting in 2015, BGBS has brought substantial investments to the State. It is an event that recognises the State Government's efforts at generating industrial growth and prosperity for the state.

The second edition of the summit was held on January 8-9, 2016. The plenary sessions were addressed by dignitaries from India and abroad who shared their thoughts and experiences. The summit focused on B2B (business-to-business) and G2B (government-to-business) interactions.

BGBS 2016 had the presence of industry leaders, senior ministers from India and abroad, heads of business and government leaders from 26 countries including USA, UK, Italy, Spain, Germany, Japan, China,Korea, Bhutan, Bangladesh, etc. Living up to the tagline of ‘Bengal Surging Ahead’, BGBS 2016 concluded on an optimistic note. Rs 2.50 lakh crore of business investment proposals were received at the summit.

The Bengal Government organised the third edition of the BGBS on January 20-21, 2017. Inaugurated by then President of India, Pranab Mukherjee in the presence of Chief Minister Mamata Banerjee, BGBS 2017 was aimed at projecting Bengal to the global investor community.

Day one of the summit hosted plenary sessions on start-ups and entrepreneurship and multi-country Interactions while day two hosted eighteen sessions including eleven parallel sectoral sessions on focus sectors, special sessions on start-ups, country sessions, round-table discussion on a rising Bengal in emerging Asia and discussion on apparel and allied sectors.

BGBS 2017 was attended by 4,000 delegates from 29 countries. Japan, Poland, Italy and Germany were the partner countries. Rs 2 lakh 35 thousand 200 crore (US$ 36 billion) of business and investment proposals were received at BGBS 2017.

The fourth edition of the BGBS took place at the Biswa Bangla Convention Centre on January 16-17, 2018. Japan, Germany, Italy, Poland, South Korea, France, Czech Republic, the UK and the UAE were the partner countries. Over 1,046 B2B meetings and 40 B2G meetings took place during the summit.

BGBS 2018 received the participation of over 4,000 delegates from 32 countries from Europe, the Americas and Asia as well as from India. The fourth edition of the summit saw attendance from Mukesh Ambani, Lakshmi Mittal, Sajjan Jindal, Sanjiv Puri and Sanjiv Goenka, among others.

The 2018 summit received investment proposals worth Rs 2 lakh 19 thousand 925 crore, with the biggest success being the potential for creation of 20 lakh new jobs in the state.

Bengal has several advantages with respect to industrial development. Its strategic location makes it an ideal business destination for its proximity to south-east Asia and north-east India.It shares international frontiers with Bangladesh, Nepal and Bhutan and is well-connected with the booming hubs of Asia such as Singapore,Thailand and Malaysia.

Its hinterland comprises mineral-rich states such as Jharkhand, Orissa, Chhattisgarh. Endowed with naturally beautiful Himalayas, the Dooars, riverine delta of the Sundarbans and beaches assigns it an important spot on the tourism map of India.

The state boasts of the third largest road network of the country – of more than 3.15 lakh km.It enjoys natural maritime advantages – 950km of waterfront. It has two international airports – Kolkata and Bagdogra allowing air connectivity.

New airport in Andal has potential for becoming a major hub, as it is located in the State’s mineral-rich zone. The state is also leading in the country in terms of spread, density and reach of National Inland Waterways. About 4,000km of railway tracks and 2nd largest Metro Rail network carry the workforce of the state as well as allows easy connectivity for millions of people of the state.

West Bengal is also a significant part of India's growth story. Largest in India in power distribution, quality and availability India’s highest bank credit flow to MSMEs.

In order to facilitate businesses, time-bound delivery of services have been enacted under Right to Public Services Act. The single-window system for business enacted through Single Window Act, Self-declaration and self-clarification and no clearance or consent required for industries under ‘White’ and ‘exempted’ categories have been major steps in creating a business-friendly environment.

Industry Facilitation Centre (IFC) in every district, simplification of process or procedures – decentralisation and reduced documentation are other steps taken for ease of doing business. (UNI)