West-Bengal
- Other Investment Policies
Information
Technology Policy 2003 New
The state has identified IT as a priority
focus sector to be developed into a growth engine. It
has developed the new IT policy keeping in mind the enhanced
opportunities that IT will unleash over the next decade.
These opportunities will allow corporates to create immense
value, provide significant opportunities for talent development
and employment, and enhance efficiencies in governance
and social service. Therefore, the core objective of the
new IT policy is to allow different constituents within
the State to leverage this opportunity.
New
Policy on IT-Enabled Services New
West Bengal has been one of India’s
fastest growing states in the last decade, with a 5.2% growth
in per capita net SDP. Over the last 3 years (1998-99 to
2000-01), it has also ranked as the fifth most attractive
destination1 for investments. Going forward, the State has
identified IT as a priority focus sector to be developed
into a growth engine for the future. While the State will
target both IT Services and IT-Enabled Services2, its focus
in the short term will be on ITES, which is expected to
grow by 75 per cent and touch Rs. 7,100 cr in 20023. The
IT Services sector, in comparison, is expected to grow only
23 per cent in the short term.
State
Disaster Management Policy & Frame Work New
The State of West Bengal (“The
State”) is vulnerable to natural calamities like flood,
cyclone, hail storm, thunder squall, drought, landslide,
erosion and sometimes to earthquakes because of its geo-morphological,
climatic and seismic conditions. Floods and Cyclonic storms
occur almost every year in different parts of the State
and inflict huge loss of life and property causing untold
hardships and trauma in the lives of the people. These natural
disasters strike at the very root of the economic growth
of the state . The Govt. of West Bengal (“GoWB”)
recognizes the need to have a Disaster Management Policy
with proactive, comprehensive, and sustained approach to
disaster management to reduce the detrimental effects of
disasters on overall socio-economic development of the state.
GoWB believes that Disaster Management is a holistic approach
which is inclusive of all the activities before, during
and after disaster.
Special
Economic Zone (SEZ) Policy
The Government
of India has introduced the concept of Special Economic
Zone (SEZ) in the year 2000, by way of revision in the Export-Import
Policy, 1997-2000.
SEZs are specifically delineated duty
free enclaves treated as a foreign territory for the purpose
of industrial services and trade operations with exemption
from customs duty and a more liberal regime in respect of
other levies, foreign investment and other transactions.
Domestic regulations, restrictions and infrastructure inadequacies
are sought to be eliminated in the SEZs for creating an
internationally competitive environment.
