ENA State 2023-11-23 13:10:40 <p><span style="font-size:14px"><strong>Kolkata, Nov 23 (KNN)</strong> West Bengals largest export partner continues to be neighbouring country Bangladesh as exports has grown from 13.4% in 2018-19 to 17.4% in 2022-23.</span></p> <p><span style="font-size:14px">The export list is followed by the UAE and US, said Raju Mishra, joint secretary for the industry, commerce and enterprises department.</span></p> <p><span style="font-size:14px">The stare government also unveiled Bengals new Export Promotion Policy 2023 at the seventh edition of the Bengal Global Business Summit (BGBS).</span></p> <p><span style="font-size:14px">The policy is expected to facilitate investments from the Asian Development Bank (ADB), World Bank and private partners.</span></p> <p><span style="font-size:14px">The new export policy is expected to double the states figures by the next decade. </span></p> <p><span style="font-size:14px">While focusing on Bengals potential in the export segment, Raju Mishra, joint secretary for the industry, commerce and enterprises department, said the ADB had already joined hands with the state government for the construction of three economic corridors Dankuni-Haldia, Dankuni-Kalyani and Dankuni-Raghunathpur which would help Bengal double its export in the next decade.</span></p> <p><span style="font-size:14px">Among Bengals districts, Kolkata leads with a 38.2% share of the states exports, followed by Howrah at 10% and East Midnapore at 9.2% in 2022-23. Hoe Yun Jeong, deputy country director of ADB India Resident Mission, expressed optimism about the policys impact on the states economy. </span></p> <p><span style="font-size:14px">Our bilateral relations have been upgraded from strategic partnerships to special strategic partnership in India. The new export policy will help boost the economy of the state, he said.</span></p> <p><span style="font-size:14px">Mishra said, Major export sectors in Bengal are iron and steel, gem and jewellery. However, tea, leather, textile, engineering goods and petroleum products are also export focuses. West Bengals overall exports amount to 13 billion dollars, a growth rate of 6.1%. </span></p> <p><span style="font-size:14px">Additionally, the Gross State Domestic Product (GSDP) for the state has reached Rs 17.2 lakh crore for the fiscal year 2023-24, showcasing a remarkable 2.6 times growth compared to the 2013-14 period.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 35622 https://knnindia.co.in/news/newsdetails/state/bangladesh-remains-west-bengals-largest-export-partner 2023-11-23 13:10:40 knnindia.co.in