BGBS Archives - Maeeshat

30 Chinese companies to participate in Bengal business summit

by admin | May 25, 2021 | Business, Business Summit, Emerging Businesses, Events

Ma Zhanwu

Kolkata : Highlighting the need for good relations between India and China to strengthen economic ties, a Chinese diplomat on Tuesday said about 30 Chinese companies will be participating in the Bengal Global Business Summit (BGBS) scheduled to be held here January 16-17.

“Good political relations between China and India, certainly, contribute to further growth of business ties between the two countries. Actually, China and India relations are at important juncture and we look forward for new age of fast growth of political and economic ties between two countries,” said Ma Zhanwu, Consul General of China in Kolkata.

Chinese businesses “attach great importance” to the opportunities presented by eastern India and by West Bengal, he said.

“This year, about 30 Chinese companies will be participating in the BGBS. Out of those 10 Chinese companies will be visiting India for the first time to explore business opportunities and 20 others already have ongoing projects in India,” he told reporters.

Of the 10 companies coming foor the first time, four are from Jiangsu, four from Shandong and one from Yunnan Province.

According to Ma, China aims to invest $200 billion abroad every year but Chinese companies together made “a total investment of $100 billion aboard in the last year” as they could “not find the proper projects”.

“This year, the Chinese companies aim to utilise BGBS and other opportunities towards fulfilling that goal,” he said.

Ma also said the BCIM (Bangladesh-China-India-Myanmar) economic corridor would be developed with joint efforts by the four countries.

“We hope to see the signing of Free Trade Agreement between the two countries. We hope that two countries can combine their well know strategies. India has Act East policy and in China, we have proposed the Belt and Road initiative…this combined strategies can create more trust and opportunities to the business people,” he added.

—IANS

Bengal to announce new IT policy in January

by admin | May 25, 2021 | Business, Business Summit, Economy, Emerging Businesses, Events, News, Politics

Mamata Banerjee

Kolkata : West Bengal Chief Minister Mamata Banerjee on Thursday said the state will announce the new IT policy in January 2018 during the Bengal Global Business Summit (BGBS).

“We have decided that we will be announcing our new IT policy in the upcoming BGBS meet which will take place in January,” she said while addressing INFOCOM 2017.

She also said the state is ready to give more importance to the IT industry and is keen to provide various sops in terms of property tax relief and other subsidies.

Taking a dig at the Left Front government which ruled the state for 34 years, for not giving a boost to the IT sector, she said: “Earlier, the state government was not interested for this particular sector. I do not know why? But we started thinking. IT companies are now expanding their businesses here.”

There is enough space available in the state for the IT sector which can potentially create 2.6 lakh jobs by using this space, she said, adding that apart from the state capital, space is available in IT parks in various cities like Siliguri, Burdwan and Kalyani.

She claimed that the state is the “pioneer” of the digitisation programme and especially in digital transformation which enabled the state government to double its revenue.

Inviting industry captains from IT and ITes to invest in the state, she said the attrition rate in Bengal was considerably low at about three per cent as compared to other states.

She urged industries to invest in the state as it is “strategically, geographically and politically safe”.

—IANS