Oriental Chamber Of Commerce, one of the top Chamber Of Commerce & Industry in Kolkata inaugurated its 85th Annual General Meeting and discussed the economic scenario of India, new developments in West Bengal after Bengal Summit, women empowerment and the role of Kanyasree, urban development, re-thinking of FRDI bill, future aspect of leather & footwear industry, export industry in West Bengal. The prestigious occasion was graced by present Minister-in-Charge, Urban Development & Municipal Affairs, Govt. of West Bengal Janab Firhad Hakim, FIEO President Mr Ganesh Kumar Gupta, FICCI President Mr Reshesh C. Shah, Padmashree M. Rafique Ahmed, Chairman, Council of Leather Exports and other delegates.
While talking about the present economic scenario Mr Sajahan Biswas, president of The Oriental Chamber of Commerce, said that “Global growth prospects remain moderate in 2017 but, the International Monetary Fund (IMF) it is anticipated that India will grow to 7.4% in FY 2019 against 6.7% this year and will gain pace to reach to 7.8% in FY 2020”.
West Bengal in Present Economic scenario: It was also discussed that, West Bengal is India’s sixth largest economy and the Gross Value Added (GVA) of West Bengal registered a 10.48 % growth in the year 2014-15 ahead of the country’s GVA growth of 7.5 %, which is significant. The reform measures initiated by the State Govt. have increased compliance through a special drive for settlement of entry tax disputes which help in solving pending issues and providing relief to tax payers. These measures will enhance business in the state. The huge debt burden that our State bear are alarming, but own revenue collection of the state will show a robust growth.
This year with the vision to establish an image of Bengal – a new, business-ready Bengal. Over the past few years sustained campaign and focus on growth of entrepreneurship in the state by the Government has led to the Start-up culture gaining ground. A special focus is needed for women and rural youth to join this movement and add momentum to the process of industrial growth of the state.
The State Government’s vision on urban development is to provide a better and sustainable living environment in all the urban centres through adequate provision of urban infrastructure and services, not only limited to creation of physical infrastructure but also provision of health facilities and employment opportunities. The emphasis of the state’s urban development policy has been laid to create a livable, responsive, transparent, dynamic, environmentally balanced and investment friendly municipal system under the development authorities like KMDA, GBDA, TRDA, FSDA to cover rapid transformation from agrarian to Urban Economy. For ease of doing business, online system for payment of the property tax launched on pilot basis by present govt. will boost the business in the state. Similarly, various online services for the entrepreneurs in urban local bodies through e-district portal, online approval of industrial building plan, renewal of trade license, conversation of trade license and integrated solid waste management project, Govt will boost the industrialization in our state.
Photograph by- নিজস্ব প্রতিনিধি
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