Trade & Industry in Kolkata plays a significant role in developing the economical condition of West Bengal. For the last couple of years, Kolkata is showing tremendous performance in the industrial sectors like Information Technology, Real Estates, Electronics, Apparel and Plastic products.
Role of Bengal National Chamber of Commerce & Industry
Bengal National Chamber of Commerce & Industry (BNCCI) is one of the oldest establishments in Kolkata that targets to promote industries and trade in eastern region of India, particularly Kolkata. The primary activities of BNCCI include providing assistance to trade and industry in West Bengal, backing up the entrepreneurs, promoting investors to execute commercial activities in Bengal.
Prominent Features of Trade and Industry in Kolkata
Information Technology is the most developing industry in Kolkata that accounts for a major portion to the overall trade in West Bengal. The Government of West Bengal is primarily focusing on the industrial sectors like Information Technology, apparel and plastics. Some of the other major industries in Kolkata include architecture and designing, chemicals, cosmetics, furniture, jewelry, household services, musical instruments, sports goods, tourism, rubber,
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musical instruments, media and advertising.
Kolkata is the base to several industrial units run by leading Indian business firms with products and commodities ranging from jute to electronics. Some of the renowned Indian companies headquartered in Kolkata include Bata India, ITC Limited, Coal India Limited, Birla Corporation, Bengal Peerless, National Insurance Company, Orient fans, Exide, Berger Paints and Tata Tea.
Present Scenario Trade and Industry in Kolkata
- For the last couple of months, several US businessmen are visiting Kolkata to explore opportunities specifically in small and medium sized segments.
- The Chamber of Textile Trade and Industry (COTTI) designed plans to set up an integrated textile park near Kolkata to promote the textile manufacture and exports. The project will cost about Rs. 500 crore.
- The Government of West Bengal also targets to attract foreign investors to invest in West Bengal. To promote the foreign trade, Indian Institute of Foreign Trade (IIFT) is supporting Bengal Government to establish a cell of World Trade Organization at Salt Lake, Kolkata.
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