Tuesday, Jul 07, 2020 | Last Update : 04:25 PM IST

104th Day Of Lockdown

Maharashtra2119871152629026 Tamil Nadu114978665711571 Delhi100823720883115 Gujarat36858263231967 Uttar Pradesh2770718761785 Telangana2390212703295 Karnataka234749849372 West Bengal2212614711757 Rajasthan2026315965459 Andhra Pradesh200198920239 Haryana1750413335276 Madhya Pradesh1528411579617 Bihar12140901497 Assam11737743414 Odisha9526648648 Jammu and Kashmir84295255132 Punjab64914494132 Kerala5623334128 Chhatisgarh3207257814 Uttarakhand3161258642 Jharkhand2815204520 Goa181310617 Tripura158012061 Manipur13897330 Himachal Pradesh107074610 Puducherry101148014 Nagaland5782280 Chandigarh4874016 Arunachal Pradesh269781 Mizoram191130 Sikkim125650 Meghalaya80431
  Metros   Kolkata  13 Sep 2018  Exports to be focus of state govt, says Amit Mitra

Exports to be focus of state govt, says Amit Mitra

Published : Sep 13, 2018, 3:18 am IST
Updated : Sep 13, 2018, 3:18 am IST

According to Mitra, the state has witnessed a growth of 11 per cent in export in the last fiscal.

West Bengal Finance Minister Amit Mitra. (Source: PTI)
 West Bengal Finance Minister Amit Mitra. (Source: PTI)

Kolkata: State finance minister Amit Mitra on Wednesday stressed on exports to be the focus in order to reach its target of $50 million in next two to three years. According to him, the state has witnessed a growth of 11 per cent in export in the last fiscal.

Speaking at the 164th annual general meeting of the Bengal Chamber of Commerce & Industry (BCC&I), he said, “West Bengal has crossed 10 lakh crore Gross Domestic Product mark. The state grew by 16.29 per cent. Services grew by 9.2 per cent, Industrial growth was 6.29 per cent. West Bengal grew by 9.59 per cent in terms of Gross Value Added and Index of Industrial Production grew by 9 per cent.”

He elaborated, “Although the current account deficit is a deep issue, Micro, Small & Medium Enterprises (MSMEs) are the most vibrant and dynamic exporters of our state. Our exports in 2016-17 was $8.23 billion and in 2017-18 it reached $9.15 billion with a 11 per cent growth in a single year.

Dr Mitra added, “The government has a new export policy, also lending constraints have been eased for ease of exports. The government is committed to the development of MSMEs but they have to scale up. In this regard Chambers can do a lot to bring them up and the government will assist through infrastructure and policy support.”

A memorandum of understanding (MoU) was also signed by BCC&I president Indrajit Sen and Indo-German Chamber of Commerce director general Bernhard Steinrücke at the event. Mr Steinrücke underlined the need to increase exports, which is around $21 billion between Germany and India.

Mr Sen said, “To achieve this goal, the MSME sector in West Bengal will need access to cutting edge technology and continually upgrade the skill to compatible levels. The BCC&I is starting the Centre of Excellence for MSME in partnership with Indo-German Chamber of Commerce to help the MSME in West Bengal to identify suitable technology partners from Germany and also facilitate the skill development programme with the help of Senior Expert Service programme of German Association of Chambers of Industry and Commerce (DIHK).”

Tags: amit mitra, exports
Location: India, West Bengal, Calcutta [Kolkata]