As a result, Canada has developed its own social and political institutions, distinct from most other countries in the world. The Canadian economic system generally combines elements of private enterprise and public enterprise. Many aspects of public enterprise, most notably the development of an extensive social welfare system to redress social and economic inequities, were adopted after the end of World War Two in
The key features of West Bengal's present industrial policy are as follows: Appropriate foreign technology and investment are Fdi in retail sector challenges and on mutually advantageous terms.
Based upon the available opportunities and the potential of this region, the State Govt, has identified certain segments of industries as thrust areas for special attention viz. Units located within 25 kms of Standard Urban Area Limits of cities having a population of 1 million unless it relates to Electronics, Printing, Computer Software or any other notified non-polluting industry.
Industrial license is however compulsory for investing in the following five industries of strategic, social or environmental importance: Distillation and brewing of alcoholic drinks Cigars and cigarettes of tobacco and manufactured tobacco substitutes Electronic Aerospace and defense equipment: The Statement on Industrial Policy issued on July 24, recognises the role of Foreign Investments considering the maturity of the Indian Economy and the attendant advantages it is expected to bring in the form of technology transfer, marketing expertise, introduction of modern managerial techniques and new possibilities for promotion of exports.
Policy initiatives taken over the last few years have resulted in flows of foreign investment in diverse sectors of the economy. The FDI regime has been progressively liberalized during the course of s particularly after With limited exceptions Foreigners can now invest directly in India either wholly by themselves or as part of a joint venture.
Today there are only few industries where foreign investment is prohibited. India today has shown its potential to become one of the most attractive global investment destinations and is well poised to play a leadership role in the near future as one of the emerging investment hot spots.
The West Bengal government welcomes foreign Technology and Investments as may be appropriate Fdi in retail sector challenges and the needs of the State and is mutually advantageous.
The State looks for a balance between the requirements of gobalisation and the needs of self-reliance while according topmost priority to FDI proposals which are being promoted vigorously particularly in areas where it has competitive advantages.
The overall objective of the State is to boost economic growth, improve physical and social infrastructure and reduce unemployment and poverty. The main purpose of FIPB is to expedite the approval process.
Foreign Investment Implementation Authority FIIA FIIA acts as the single point interface between the investor and the government agencies and helps the former to obtain necessary approvals, sort out operational problems and expedite implementation.
Prohibited Sectors FDI at the present juncture is prohibited in the following sectors: Items requiring Industrial License and not on automatic route viz. They are allowed to invest both in primary and secondary markets subject to defined limits and are also required to be registered with the Securities and Exchange Board of India SEBI and comply with the exchange control regulations of the Reserve Bank of India RBI.
Investments can be both on repatriation or non-repatriation basis. Further details of Fll and NRI investments are available at www. The Rupee is fully convertible on the Current Account and prior approval of RBI is necessary only for foreign currency above certain limits for the following purposes: India believes that only such development is sustainable that respects ecological constraints and the imperatives of justice.
Accordingly the overall objectives of the policy that is applicable to all States including West Bengal are focused on: Conservation of Critical Environmental resources Livelihood Security for the Poor Judicious Resource Use Integration of Environmental concerns into policies, plans, projects for economic and social development Efficiency in use of Environmental Resources Environmental Good Governance Partnerships with civil society and communities to enhance resource flows The Environment Protection Act was legislated in India, which lays down the broad framework of governance in this area.
The GoWB's policy is to strike a balance between the needs of development and the preservation and conservation of environment and natural resources. Control over pollution problems created by organized industries Control over water, air and noise pollution within permissible limits Protection of rivers, water bodies etc from encroachment Preservation, Protection and Restoration of the coastal zone of some kms Improvement of the physical environment of cities and towns Promotion of bio diversity and preservation of forests and wild life Environmental impact assessments prior to location of industries, infrastructure and urban development Public private partnerships and working relationships with societal organizations to generate awareness and active participation in environmental protection Coordination among the various Ministries and Departments of Government to ensure appropriate action plans for policy implementation The West Bengal Pollution Control Board is the Statutory Authority, which is entrusted with the responsibility of implementing environmental laws and regulations within the State.
The West Bengal Bio-Diversity Board advises the GoWB on conservation of bio-diversity, sustainable use of its components and equitable sharing of the benefits of the use of biological resources. Industries have been classified into certain categories keeping in mind the requirements of environmental pollution.
Ordinary and Special Red categories highly polluting cannot be set up within Kolkata Metropolitan Area, and Orange categories moderately polluting not within Kolkata or Howrah Municipal Areas but permissible within Industrial Estates within those areas. Green category industries can be set up in any area subject to pollution and site clearances.
Apart from these there is an exempted category that can be set up in any area and only requires local site clearance by the local body. Intuitional support in respect of credit facilities. Provision of developed sites for construction of sheds.
Provision of training facilities. Supply of machinery on hire-purchase terms. Assistance for domestic marketing as well as exports. In addition, West Bengal has framed marketing policies for SMEs which include price preference in purchases; exemption from payments of Earnest money; distribution of products through the public distribution system; construction and development of industrial estates, plots, commercial and trade offices; extension of credit support through the West Bengal Financial Corporation, State Cooperative Banks and Commercial Banks; and eligibility to incentives as provided under the West Bengal Incentive Scheme.
The State Government is actively promoting micro and small industries in areas of handicrafts, handlooms, textiles, sericulture, khadi and village industries. Overregistered small enterprises are in existence in the state employing around 2 million people.
The policy adopted involves a multi pronged strategy comprising of a mix of institutional, marketing and infrastructure support, which can help the sector to sustain and gain growth momentum. The Government of India, keeping in mind the interests of this sector, has recently enacted "The Micro, Small and Medium Enterprises Development Act, SMED " with the objective of promoting, developing and enhancing the competitiveness of small and medium industries.
The Act also includes interest and penal provisions for delayed payments to such enterprises by the buyers. The Gol is also coming out with a promotional package of measures for the SME sector which include development of more clusters, preferential treatment for women entrepreneurs, technology up gradation and energy efficiency, capacity building and building forward as well as backward linkages for the clusters.The Centre on Tuesday announced 'Big Bang' Foreign Direct Investment (FDI) reforms, easing norms across 15 sectors including defence, banking, construction, single brand retail, broadcasting and.
Executive summary FDI project numbers fall, but capital investment and jobs surge Geopolitical tensions and weak economic growth led to a % decline in greenfield FDI projects worldwide in FDI projects in Africa fell %, but remained.
challenges of the organized retail industry will be managing manpower, real estate and supply chain. This paper discusses, how Retail sector growth will help various sections of . Here are 10 of the hottest trends that retailers in the region should take into account when mapping out retail marketing strategies for the future.
Retail Sector in India: Present Scenario, Emerging Opportunities and Challenges Prof. Kalpana Singh (Amity School of Economics/ Amity University, Noida, U.P., India) Abstract: The Government’s initiative to allow 51 per cent foreign direct investment (FDI) in multi-brand retail has been a subject for debate for quite some time now.
Pekin & Pekin. Clients engage Pekin & Pekin as an effective partner to help them more confidently address their business challenges and opportunities in Turkey.