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title: 'Safest, Smartest Investment Destination'': Mamata Banerjee Welcomes Industry Leaders At Bengal Global Business Summit'

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"The 8th edition of the Bengal Global Business Summit (BGBS) commenced on February 5, 2025, at the Biswa Bangla Convention Centre in Kolkata.n her inaugural address, West Bengal Chief Minister Mamata Banerjee extended a warm welcome to industry leaders, diplomats, and investors from across the globe, emphasizing the state's transformation into a premier investment destination.he highlighted West Bengal's strategic advantages, robust infrastructure, and investor-friendly policies, positioning it as the ""safest and smartest investment destination"" in India.
**West Bengal's Economic Transformation**

ver recent years, West Bengal has undergone a significant economic metamorphosis.he state's Gross State Domestic Product (GSDP) is projected to reach ₹18.79 lakh crores in the 2024-25 fiscal year, underscoring its rapid growth trajectory.s the largest economy in Eastern India, West Bengal ranks as the fourth-largest state in India in terms of Net Value Added.his economic ascent is attributed to a combination of strategic geographical advantages, proactive government policies, a skilled workforce, and a vibrant business environment.citeturn0search0
**Diverse Industrial Landscape**

est Bengal boasts a diverse industrial portfolio, encompassing sectors such as manufacturing, information technology, cement, leather, iron and steel, and textiles.he state is home to the country's largest leather complex, hosiery park, and foundry park.dditionally, major railway manufacturing companies in the state produce wagons, metro coaches, and passenger coaches.he Bengal Silicon Valley Hub has attracted 41 IT and ITES companies across 200 acres, including 11 data centers, while the FinTech Hub has drawn major banks and financial institutions over 69 acres.citeturn0search0
**Infrastructure and Logistics**

he state's strategic location has facilitated the development of over 200 industrial parks and estates, offering ready-to-invest industrial infrastructure.est Bengal has emerged as a cement hub, supported by a booming housing and real estate sector.he state also boasts India's largest logistics hub, capitalizing on its geo-strategic position to enhance trade and commerce.citeturn0search0
**Focus Sectors at BGBS 2025**

he summit spotlighted several key sectors poised for investment and growth:
- **Manufacturing and Industries**: mphasis on MSMEs, advanced manufacturing, circular economy, natural resources, and defense manufacturing.
- **Agriculture and Allied Sectors**: romotion of sustainable agricultural practices and value addition.
- **International Trade and Logistics**: everaging the state's strategic location to boost trade.
- **Tourism**: howcasing West Bengal's rich cultural heritage and natural beauty.
- **Knowledge Economy**: ostering growth in IT and ITES sectors.
- **Health and Education**: nvesting in health infrastructure and educational institutions.
- **Creative Economy and Film Industry**: ncouraging investments in arts, culture, and cinema.
- **Infrastructure**: ocusing on power and sustainability initiatives.
hese sectors were the focal points of various sessions and discussions during the summit, aiming to attract investments and forge strategic partnerships.citeturn0search0
**Notable Announcements and Investments**

he summit witnessed significant investment announcements, including:
- **JSW Group**: lans to set up a 1,000 MW pumped storage hydel power project in the state, reinforcing West Bengal's commitment to sustainable energy solutions.
- **ITC Limited**: nnounced the expansion of its food processing facilities, aiming to bolster the agricultural value chain and support local farmers.
- **Reliance Industries**: xpressed intent to invest in the state's digital infrastructure, enhancing connectivity and supporting the growth of the knowledge economy.
hese investments underscore the confidence of major conglomerates in West Bengal's growth trajectory and its conducive business environment.
**Regional Collaboration**

he summit also highlighted regional collaboration, with Jharkhand Chief Minister Hemant Soren inviting investors to explore opportunities in Jharkhand.e emphasized the importance of inter-state cooperation in building a strong and developed nation, noting Jharkhand's rich mineral resources and potential in sectors like art, culture, and tourism.citeturn0search7
**Conclusion**

he 8th Bengal Global Business Summit reinforced West Bengal's position as a burgeoning economic powerhouse.he state's strategic initiatives, diverse industrial base, and proactive policies have created a fertile ground for investment.he significant commitments announced during the summit reflect the confidence of industry leaders in West Bengal's potential.s the state continues on its upward trajectory, it stands as a testament to effective governance and strategic vision, solidifying its reputation as a premier destination for safe and smart investments.

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