West Bengal Eyes Industrial Boost Through Export-Oriented Manufacturing

West Bengal can significantly accelerate its industrialisation by adopting a cluster-based, technology-intensive and export-oriented manufacturing strategy, according to a report by the PHD Chamber of Commerce and Industry (PHDCCI).

The report, titled “West Bengal: Mapping Agriculture and Industrial Investment Opportunities”, suggests that the state's strong human capital, industrial base, infrastructure, and strategic location provide a solid foundation for developing integrated manufacturing and export clusters.

PHDCCI President Rajeev Juneja stated that West Bengal has a substantial base for accelerating industrialisation and investment, with the key opportunity being to convert its natural, human, industrial, and logistical advantages into integrated, investment-ready manufacturing and export clusters.

The report highlights that West Bengal's GSDP rose from Rs 6.10 lakh crore in FY2015-16 to Rs 9.42 lakh crore in FY2024-25, recording a CAGR of around 4.95 per cent, while GSVA grew at approximately 5.26 per cent.

Services accounted for an average 42 per cent of GSVA during the period, while industry contributed around 23 per cent, indicating considerable scope for expanding manufacturing alongside the state's growing services and knowledge economy.

The report identifies human capital as one of West Bengal's major comparative advantages, with institutions such as IIT Kharagpur, ISI Kolkata, IIM Calcutta, IIEST Shibpur, and Jadavpur University providing a strong technical and research ecosystem.

The state's literacy rate stood at about 85 per cent in 2024-25, further solidifying its position as a hub for industrial growth.

By shifting its focus from simply expanding production capacity to deepening value chains, upgrading technology, and connecting local industries with national and global markets, West Bengal can unlock its full potential and become a leading industrial hub in the country.

This strategic approach can help the state attract significant investments, create new job opportunities, and drive economic growth.

In conclusion, West Bengal has the potential to accelerate its industrialisation and become a major player in the country's manufacturing sector by leveraging its strengths and adopting a cluster-based, export-oriented manufacturing strategy.