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Wednesday, 9 March 2022

West Bengal can expect $20 billion investment in Logistics sector in next 10 yrs.

 

West Bengal can expect $20 billion investment in ware housing and logistics sector in next 10 years.


The logistics sector is likely to be the backbone of economic development in West Bengal .The sector could attract investment worth $20 billion and it could generate jobs 1 million by using the state’s unique locational advantage and  vast network of rail, road and port.Prime location may be -Dankuni,Kharagpur,Haldia,Tajpur,Durgapur,klayani and Siliguri.

We know West Bengal's strategic location makes gateway to South East Asia and Eastern, North Eastern and South India .

We also know ASEAN-INDIA trade like to touch USD 200 Billion by 2021 and may be  $500 bn by 2025.....wb can play a key role in INDO -ASEAN international trade due to its statigic location.

✔️WHY BENGAL NEEDS LOGISTICS  HUB & BiG INVESTMENT ???

Wb has huge potential to grow as a logistics  hub.

 (1)Upcoming MAJOR ECONOMIC CORRIDOR.

A)Three🚆🚆🚆Dedicated Freight Corridor in WB.

    proposed freight Corridor expected to carry about 600 million(60 cr tonnes) tonnes of freight per annum.

I)    🚆Eastern Dedicated Freight Corridor- Dankuni to Ludhiana.

Il)   🚆East coast Freight corridor- kharagpur to Vijayawada.

III) 🚆East-West Dedicated Freight Corridor- Kolkata to Mumbai.

B)🌍BCIM Economic Corridor-The Bangladesh, China, India and Myanmar Economic Corridor.Trade  potential of BCIM Economic  corridor around  $150 billion.

The 2800 km proposed corridor will cover 1.70 million square kilometres, encompassing an estimated 600 million(60 cr) people in China's Yunnan province(kunming), Bangladesh(Dhaka ), Myanmar(Mandalay), and West Bengal(Kolkata ) in Eastern India through the combination of 🚛road,🚆 rail, 🚢water and✈ air linkages in the region. 

(2)Upcoming DEEP SEA PORT in Wb.

l)Tajpur and ll) Kulpi.

Expected Annual cargo tonnage 100million tonnes.Existing sea port kolkata and Haldia annual cargo tonnage approx 100 mt.

(3)Upcoming 1500acre ✈ AIRPORT at Kalyani, could handle lakh tonne  cargo.

(4)Major Industrial areas -

Major Industrial areas in West Bengal Suchas-KHARAGPUR Vidyasagar industrial park-  -HALDIA-ASANSOL -HOOGHLY-DURGAPUR-BURDWAN- RAGHUNATHPUR etc 

Outside of West Bengal such as -Jamshedpur industrial area,ANGUL industrial area ,Ranchi ,jharkhand etc directly depends on West Bengal.

(5)Major consumption Market 300-400million -

West Bengal ,North , North East and South India.

Big cities such as KOLKATA(metropolitan city),other big cities in West Bengal - Durgapur, Asansol, Burdwan,Siliguri , Kharagpur,Haldia and Howrah etc.

Other major cities, out side of West Bengal like-Bokaro steel city, Jamshedpura, Cuttack,Bhubneswar,Angul,Ranchi etc directly depends on West Bengal.

So,West Bengal has a Definite and Immediate potential to emerge as the Logistics Hub of South East Asia, East-North- South India.