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Assocham-WB government to partner in setting up cluster in food processing
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Wednesday, 09 November, 2011, 08 : 00 AM [IST]
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Our Bureau, New Delhi
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ASSOCHAM has proposed to partner with the West Bengal government for setting up industrial clusters in sectors like food processing, handicrafts, renewable energy and information technology to achieve the double digit growth and generate four lakh new jobs in the next three years.
Registering a compounded annual growth rate (CAGR) of about 5.6 per cent between 2005 and 2010, the industrial sector in West Bengal accounted for nearly 19 per cent share in the state domestic product (SDP) in 2009-10. Manufacturing, construction, electricity, gas and water supply are certain key industrial activities.
Manufacturing and construction have emerged as two significant industrial activities and grew at a CAGR of 5.3 per cent and 6.3 per cent respectively during the five years to March 2010.
“With share of industrial activity in West Bengal’s SDP falling year-on-year, the e-cluster based approach to develop micro- and small-scale industries is the key to realise the double digit growth potential of the state,” said Dilip Modi, president, ASSOCHAM (Associated Chambers of Commerce and Industry of India).
While releasing the chamber’s study title - Double Digit Growth in West Bengal - along with S N Nundy and Debmalya Banerjee, co-chairmen of ASSOCHAM Eastern Region Development Council, and D S Rawat, chamber’s national secretary-general, Modi said, “Strategically located West Bengal should rejuvenate agriculture, create manufacturing hubs and accelerate growth in services sector to emerge as a gateway to southeast Asia as the country pursues Look East Policy.”
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