Industrialization

Industrialization has gained a new momentum in West Bengal recently. Dominated by the service and agriculture sectors in the past, the state, in 2005, boasted of a total of around 386 Industrial projects worth Rs. 17968.41 crore. Shri Nirupam Sen is the Hon’ble state Minister of Industry and Commerce.

Among the several upcoming Industries, Information Technology or IT sector has come in a big way in West Bengal. The first significant step of the state, towards full-fledged Industrialization, begun with the establishment of the Electronic Complex in the Salt Lake city of Kolkata. Haldia Petrochemicals was another major achievement, which literally gave an all-new dimension to the West Bengal Industrialization.

Focusing on all-encompassing growth of the state, the West Bengal Industrial Development Corporation (WBIDC) has chalked out many economically viable policies and proposals for the suburb regions. Burdwan being on top of the priority list, Bankura has been facilitated with six steel Industries and one cement Industry all of which will come into being in the coming years. Purulia is another place on the outskirts of West Bengal and it will come up with five vital Industries in future.

The major share of state’s revenue is earned through agricultural activities. However, the positive influences of Industrialization in other parts of India and world have made the state rethink on its economic portfolio. In fact, the Government of West Bengal is today inclined towards better and faster Industrialization process. This is due to the fact that Industrialization is identified as the only single catalyst, which can bring in significant vibes of success in the state within no time.

Implementing proposals of Rs. 26680.14 crore between 1991 and 2004, West Bengal has surely proved its efficacy in the field of Industrialization.