Bengal's business environment satisfactory, says CII-PwC report

KOLKATA: A majority of businesses including small, medium and large scale operating in Bengal feel that the business environment in the state is satisfactory.

This is according to 'Doing Business in West Bengal Made Easy March 2018', a CII-PwC report launched at the Conference on "Rebuild East, Invest in Development" organised by CII coinciding with its Eastern Region Meeting in the city on Saturday.

According to the report, a number of businesses based out of Bengal, which are looking to expand their branches/manufacturing units across multiple regions, have reposed their faith in the state stating that Bengal is economically growing. CII-PwC report further states that while quality infrastructure is available in major cities and towns, focus should also be given on "connecting the industrial belt and having industrial corridors in place".

"At a time when there is a competition between States to go up the EODB ladder, it is great to note that West Bengal emerged as a forerunner and is racing much ahead of many others in the ranking," Smita Pandit Chakraborty, Immediate Past Chairperson, CII West Bengal State Council, said.

"The state has already been able to ensure a significant shift in the Ease of Doing Business (EODB) ranking. Dissemination of web-based information has been the key to the success of attracting investors and rejuvenating the small scale sector in the state," said Avijit Mukerji, Chairman, CII West Bengal State Council. Meanwhile, CII Eastern Region has its first woman at the helm with Jagi Mangat Panda, Managing Director of Ortel Communications Ltd, being elected as the Chairperson of the apex industry body's eastern chapter for the year 2018-19.