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West Bengal Report

West Bengal Report

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Published by rajkumaraj23
a report analysing the conditions prevailing in west bengal to start a business
a report analysing the conditions prevailing in west bengal to start a business

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Published by: rajkumaraj23 on Mar 10, 2010
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04/08/2013

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GMSI 574: BUSINESS ENVIRONMENT
RESEARCH REPORTBUSINESS OPPORTUNITY SCENAR IO IN WEST BENGAL:AN ANALYTICAL FRAMEWORK 
 
SUBMITTED BY:
1
 
RAJKUMAR ARYA
CONTENTS
 
1.
Preface....................................................................................................................... 3
2.
West Bengal: Commercial parameters synopsis.................................................... 3
3.
WBIDC: Industrial cornerstone in WB.................................................................. 4
4.
Business in West Bengal: PESTLE Analysis.......................................................... 4
i.
Political environment.................................................................................... 4
ii.
Economic environment................................................................................. 5
iii.
Socio-cultural environment.......................................................................... 5
iv.
Technological environment.......................................................................... 6
v.
Legal Environment....................................................................................... 6
vi.
Environmental factor................................................................................... 8
1.
Current scenario & business prospects.................................................................. 8
2.
Denouement.............................................................................................................. 9
3.
Bibliography............................................................................................................. 10
4.
Appendix................................................................................................................... 11
1
 
Preface
West Bengal is one of the fastest growing states of India & third largest economy of India. A proactive investor friendly government with emerging top class facilities, a population of around 80 million & a cosmopolitan demography has triggered an economic & industrialresurgence. The report would be focussing on the business scenario in West Bengal, startingwith the business parameter appraisal, followed by a glimpse on WBIDC, its functioning.Aligned ahead would be the analysis of PESTLE aspects as to start a business. This would befollowed by the current business scenario & last to conclude with the final outcome of theanalysis.
West Bengal: Commercial parameters synopsis
Given below is the summarised list of business factors & their worth in West Bengal.
Commercialparameters/indicatorsStatistics
Potential business zonePetrochemicals, Iron & Steel, Food processing, Tea,Engineering, Metals, Ceramics, Textiles, Paper, Glass, Leather,IT & ITESCosts
1.
Land: US $40-US $133(per square feet)2.Office space: US $ 16 (per square feet per annum )3.Power: 7 cents/kWh(Commercial/industrial)Large & MSME units(worth)1391 ($718 million)Outstanding investments(total)$50 billion New industrial units122 (Jan 07)Labour force (2006estimates)1.Organised industries: 180,0002.SME: 210,0003.Sericulture: 300,000
1

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