The Union Minister stated that the Centre is planning to set up export facility centres in every district across the country so that industrialists can enjoy a seamless experience and greater ease of doing business, rather than having to travel to Delhi.
The Centre will create plug-and-play industrial infrastructure under the “BHAVYA” scheme in Bengal. “The central government is setting up plug-and-play industrial parks under the “BHAVYA” scheme in Bengal. This plug-and-play infrastructure will make it significantly easier for investors to set up their factories,” the Union Minister said.
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“Bengal will witness growth in electronics, semiconductors, data centres, AI, and the IT sector,” he said, adding that India’s overall growth story will be replicated in the state. “Electronics is a sector where India is advancing rapidly, supported by encouraging central government schemes. Semiconductors and data centres hold immense investment potential for Bengal, which is well-positioned to perform strongly given its vast talent pool. Bengal has a huge talent capital, and we will skill our youth in future-ready technologies.”
“AI, semiconductors, data centres, and GCCs [Global Capability Centres] present major opportunities that will be explored to attract investment and, most importantly, generate employment for local youth,” Prasada added.
Addressing the 195th Annual General Meeting (AGM) of the Calcutta Chamber of Commerce, Prasada noted that recent Free Trade Agreements (FTAs) signed by India have unlocked duty-free market access for domestic enterprises across 65 to 75 per cent of the developed world. “Global markets will open up for MSMEs following these FTAs, and quality will be the key factor,” he said.Also read | ‘I will keep asking questions’: Former IAS officer Divya Mittal enters UP politics
“India has successfully finalized FTAs with Australia, New Zealand, Oman, and the EFTA block (Liechtenstein, Norway, Iceland, and Switzerland), alongside ongoing negotiations with the European Union. The developed world no longer views India merely as a consumer market, but as an equal partner,” the Union Minister emphasized. He added that foreign entities should enter into joint ventures and partner with Indian startups and industry rather than focusing solely on extracting profits.
“India’s 1.5 billion people are now viewed as a strength rather than a burden. Rising aspirations in rural areas have created a massive internal market for quality goods,” he said.
Focusing on regulatory reforms, Prasada highlighted that the central government is eliminating bureaucratic delays through faceless digital clearances, single-window Commerce Ministry systems, and district-level export promotion facilities.
