Business Daily from THE HINDU group of publications
Tuesday, Dec 19, 2006

Cross Currency

Group Sites

Industry & Economy - Automobile Components
Government - Industrial Policy
States - West Bengal
Bengal plans auto parts SEZ to boost engg exports

Our Bureau

More such SEZs including multi-product ones were being planned in Bengal.

Kolkata , Dec. 18

In a bid to provide a major stimulus to manufacturing sector growth, the West Bengal Government has decided to set up an exclusive auto components SEZ, the land for which was now being identified.

Speaking at the Engineering Export Promotion Council (EEPC) awards presentation ceremony here on Monday, the State Industry Minister, Mr Nirupam Sen, said the Centre has given an in-principle clearance for the proposed single-product SEZ project (which required small size land), which was expected to rev up Bengal's engineering exports sector. He said more such SEZs including multi-product ones were being planned in Bengal.

Later, responding to queries from presspersons, Mr Sen said it would complement the Tata Motors' small car project coming up at Singur. He said pre-construction work on the Tata Motors project has already begun.

The initiatives

Commenting on the initiatives taken to push exports per se from Bengal, including engineering exports, the Minister assured the exporting community that efforts would be mounted soon to revive the Board of Trade set up by the Government, which had remained non-functional for some years now.

The board acted as a platform for the exporting community to air its suggestions for the benefit of the State Government. EEPC has offered to act as the revised Board's secretariat.

Mr Sen conceded that export of engineering goods from the State would depend on the quality of infrastructure provided, especially ports, roads, power etc.


Outlining the steps to beef up infrastructure, he said there was a plan to directly link Haldia, the fast developing port town in Midnapore district, through another expressway with the North-North-east region. He said the Centre's proposal to examine setting up of a deep-sea port in the Bay of Bengal would give a tremendous boost to exports from eastern India.

The Minister also assured engineering exporters that he would take up the vexed issue of delayed VAT refunds to exporters with the State Commercial Taxes Department.


Earlier, in his welcome address, Mr Rakesh Shah, Chairman of EEPC, said engineering exports have already touched $13 billion till October this year, and that the council was confident of achieving the revised target (for 2006-07) of $24 billion.

Pointing out that Indian engineering goods exports was now led by value-added exports, he said during 2005-06, export of capital goods and transport item constituted 52 per cent of the total exports of engineering goods. He also sought public utility status for exports, so that the sector could be effectively protected against frequent bandhs and strikes.

More Stories on : Automobile Components | Industrial Policy | Infrastructure | West Bengal

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Net direct tax collections up by 41 pc

We must learn to cope with globalisation: PM
Multilateralism at crossroads
Nooyi looks to tackle pesticide issues
Lanco combine, Tata Power emerge lowest bidders
Orissa to have sports complex
Kerala determined to revive sick PSUs: CM
IndianOil to market kerosene in small containers
Tripura seeks long-term policy for utilisation of gas reserves
Essar Oilfields to invest $400 m to acquire rigs
CESC inks Rs 854-cr pact with BHEL for 250 MW plant
AP power generation loss widens
Govt urged to allow steel cos to raise external debt
Scope of road cess use to be expanded
Govt releases Vision document for textile industry
Award for Eastern Mattresses
CII move to attract small enterprises from Japan
Internet TV for non-resident Mangaloreans
Nalsar ties up with US varsity
ICFAI welcomes foreign varsities
Engg college in pact with US co
Symposium on fisheries development
Medical aid
Bengal plans auto parts SEZ to boost engg exports
IBM writing out a healthcare Rx
Uzbekistan invites Tirupur units
Metro Plus expo begins in Coimbatore on Friday
`For Japan, India is a first mile investment'
`German industry keen on India'
AP cells to redistribute `assigned' lands to poor
RBI mulls interest for EEFC balances
Corporates feel exports will rise in 6 months: FICCI survey
Cabinet nod for sugar exports
Kerala to have 5,000 rooms for `homestay'

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line