ICC as the largest Chamber of Commerce in the East & North-East of India, and one of the most prominent Chambers in the country today, strongly believes India must engage herself more effectively with the world economy, for maximizing the gains arising out of complementarities in trade. The Chamber has been very pro-active in creating meaningful synergies between India and her neighboring countries in South, and South-East Asia, and believes regional economic integration in Asia can lead to enhancements in living standards , reduction in poverty, increase in trade & employment -related benefits and earnings, and improve infrastructural endowments. As a forward-looking Chamber, ICC thinks greater economic engagement between the countries in the ASEAN and BIMSTEC regions can pave the way for Asia rising in the future years. However, the Chamber also strives to cater to the issues related to multi-lateral trade agreements by organizing meaningful interactions and discussions.
West Bengal - Investment Prospects
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.
Its locational 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 Southeast Asia. The cost of operating a business is lower in Kolkata than in other metropolitan cities.
West Bengal is the second largest tea-producing state in India. During 2013-14, it accounted for 25.8 per cent of India's total tea production with production of around 312.1 million kgs. Kolkata is the prime centre for India's jute industry. During 2012-13, West Bengal accounted for 79.6 per cent of India's total jute production.
West Bengal has abundant natural resources of minerals and suitable agro-climatic conditions for agriculture, horticulture and fisheries. It is in vicinity to mineral rich states like Jharkhand, Bihar and Odisha. It offers excellent connectivity to the rest of India in terms of railways, roadways, ports and airports
India’s north east region (NER) is endowed with huge untapped natural resources and is acknowledged as the eastern gateway for the country’s ‘Look East Policy’. It has over 2000 km of border with Bhutan, China, Myanmar and Bangladesh and is connected to the rest of India by a narrow 20 km wide corridor of land. One of the most ethically and linguistically diverse regions in Asia, each state has its distinct cultures and traditions. The region comprises eight states-Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura and Assam. Occupying 8% of India’s geographical spread, the states are home to only 4% of the country’s population.
The region is endowed with a varied topography and agro-climactic conditions which offer vast potential for agriculture, horticulture and forestry.