West Bengal is changing for the better. With the latest WB tenders, don't miss the opportunity to grow!

West Bengal is mainly dependent on its agriculture and medium-sized industries. The principal food crops are rice and potato, apart from pulses, oilseeds, wheat, barley and vegetables. West Bengal is the second largest fish producing state in the country. The main industries here include Jute, Tea and Coal. The projected Gross State Domestic Product (GSDP) for West Bengal in 2022-23 is ₹17.13 trillion or US $221.37 billion.

Renewed Impetus to Economic Regeneration in WB 

The State Budget 2022-23 is primarily focussed on Education, Health and Rural Development. Its overall aim is to alleviate Poverty and ensure Social Safety. The State Government has announced a large number of welfare schemes to people from various walks of life, providing a wide range of scope for SMEs and MSMEs in various departments like Panchayat, Women and Child Development, Tribal Welfare, Agriculture and so on.

Major Initiatives by Government to boost WB as an Investment Destination

Like mentioned above, West Bengal is focussed on growth with overall development for the state covering the poorest and most backward citizens too. Below investment initiatives further establish how government of West Bengal is prioritizing prosperity by means of releasing multiple WB tenders:

• Various Indian Railway Projects worth approximately ₹254 cr were launched in June 2022, in Hooghly district of WB.
  
• An Export Promotion Industrial Park is being planned under the aegis of Asansol Durgapur Development Authority to set-up an Industrial Cluster in the region.
  
• Establishment of Agri-Export Zones (AEZ) has been a KRA of the present Government of WB. These zones mainly focus on processing of food products. In August 2022, a Special Food Processing Fund of ₹2000 cr was set-up along with NABARD to encourage processing units in the MFPs.
  
• During the Bengal Global Business Summit in 2022, the state government could attract investment proposals worth US $44 billion. These proposals will not only bring in revenue for setting up businesses but also generate 4 lakh jobs approximately.
  
• GAIL along with its subsidiary companies, will invest US $2.2 billion in various CNG projects over the next 5 years to help reduce the state government’s expenditure on fuel.
  
• The Chief Minister of WB has announced a ₹72,000 industrial zone in Jangalmahal, along the eastern freight corridor.
  
• Post the introduction of West Bengal Information Technology and Electronics Policy 2018, WB is on a fast track to become one of the leading states in IT and ITeS, ICT and ESDM sectors. The state government plans to raise its share in the country’s IT export to more than 25% by 2020.
  
• With the recent change in the attitude of the WB Government towards private industries, a large number of private players have now stepped up their interest in the state. Adani Group has announced that it will invest ₹10,000 cr in the state over the next 10 years. JSW Group is developing a 900 MW hydel power project.

State Budget of WB 2022-23

• ₹3857 cr has been allocated towards Irrigation and Flood Control
• ₹4994 cr has been allocated towards the Krishak Bandhu Scheme
• The state government along with the private sector will invest ₹5000 cr in the tourism sector that will create jobs for 200,000 people in the next 3 years
• A special industrial corridor is being planned from Dankuni to Asansol via Burdwan-Durgapur and Barjora-Bankura to Raghunathpur in Purulia district
• In January 2021, the Central Government, State Government and the World Bank announced that they are coming together for a development project to improve inland water transport infrastructure near Kolkata
• Tea Tourism and Allied Business Policy, 2019, have been introduced by the state government to give a boost to tourism in the state

Latest WB Tenders

The eProcurement System of WB enables Tenderers to download the Tender Schedule and submit the bids for WB etenders online. It is free of cost. Among hundreds of organisations, PHE and Panchayat and Rural Development have 3491 and 1430 active WB etenders as on 4th of March 2023, and the Municipal Affairs Department with 936 WB etenders on the portal. Zila Parishad has 12,047 active WB etenders currently, in the month of March 2023 itself. There are hundreds of organisations with a multitude of opportunities for SMEs and MSMEs in the state. With thousands of WB etenders floating in the market at a time, it is difficult to keep a tab on latest developments and updates. BidAssist is a portal that helps you do just that. BidAssist features more than 4 cr tenders sourced from 50,000 sources globally. There are approximately 150,000 active tenders from India and 2,80,000 active tenders globally at a given time. It is by far the largest source for finding relevant tenders. The tenders have been grouped into more than 50 categories that makes it easy to find them.

Why is BidAssist a preferred choice for you?

When you look for tenders on BidAssist.com, you can get detailed information on every tender like the bidder’s name, company (Manufacturer/Distributor) name, state, authority name, tender ID, award ID, description of the project, tender amount, EMD amount, award amount, contract date, technical opening date, financial opening date, award of contract (AOC) date, tender url, result url, tender opening and closing date, contract period, winner mention, final amount, final award amount, item name, quantity, unit price (in case available in BOQ), L1 name, L1 quote, L1 quantity tax amount, service charge amount, item budget, production specification, country name, participant’s name, participant’s quotes, winner’s name, winner’s amount, winner’s quantity, technical specifications, service period if mentioned, last update date and last updated field.

BidAssist is a transparent and an approachable platform

BidAssist is a very transparent platform and it is always open to valuable and genuine feedback. In case we miss out on featuring important tenders, or to help us improve, you may reach out to the BidAssist support and share your queries and suggestions. We will do the needful after verifying the facts.

#WB etenders #BidAssist