In a recent development, West Bengal’s government plans to increase exports from Micro, Small, and Medium Enterprises (MSME) after a new report titled “Strategy for Unlocking Export Potential for MSMEs in West Bengal” was released. The report was prepared by Dun & Bradstreet India, a global leader in business decisioning data and analytics, in collaboration with the Department of Micro, Small & Medium Enterprises and Textiles (MSME&T). The report was unveiled by Dr. Manoj Pant, IAS chief secretary, Government of West Bengal, at the 8th edition of the Bengal Global Business Summit (BGBS) on February 6, 2025, in Kolkata in the Sectoral Session on International Trade chaired by Mr. Sanjay Budhia.
The comprehensive analysis pinpoints key sectors with significant export potential and examines the advantages presented by Free Trade Agreements (FTAs). It highlights crucial areas where West Bengal can sharpen its export focus, emphasizing six high-growth sectors where the state already possesses a strong foundation: Gems & Jewellery, Metal Products, Chemicals, Handicrafts, Textiles and Leather, and Agriculture & Food Processing.
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The report suggests that focusing on these sectors and prioritizing export orientation will help West Bengal establish itself as a leading export hub. By providing a clear and actionable strategy, the report aims to empower both businesses and policymakers to stimulate growth and unlock new opportunities for the region.
Views for Economic Sustainability
Shri Rajesh Pandey, Principal Secretary, Department of MSME&T, Government of West Bengal, emphasized the government’s commitment to elevating the state’s export value chain. “MSME & Textile Department, under the visionary leadership of the Hon’ble Chief Minister, has been taking multifarious initiatives to notch up the export value chain and position the state in a leading position in the export sector by leveraging the intrinsic advantages of high-class infrastructure, skilled workforce, and conducive ecosystem prevailing in the state. This report will identify the areas of further intervention for focused and accelerated development in the export arena.”
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Preeta Misra, Senior Director—Credibility & Business Insights Group, ESG and SME, Dun & Bradstreet India, expressed enthusiasm about the report’s potential impact. “We are excited to unveil this strategic report, which serves as a key step in unlocking the vast export potential of MSMEs in West Bengal. By focusing on high-growth sectors and leveraging key trade agreements, we believe this will drive the growth of MSMEs, opening new global market opportunities. This initiative not only strengthens West Bengal’s position as a leading export hub but also fosters long-term economic growth and sustainability in the region, creating a robust ecosystem for business expansion and international trade.”
Bengal Global Business Summit (BGBS)
The BGBS, the flagship event of the Government of West Bengal, aims to unite policymakers, corporate leaders, business delegations, entrepreneurs, academia, and think tanks from across the globe. The summit facilitates strategic and business alliances and promotes awareness of the state’s industrial ecosystem and business-friendly initiatives. The 8th BGBS featured plenary sessions, sectoral sessions, country sessions, and B2B & B2G meetings to foster collaboration and networking.
Dun & Bradstreet has been instrumental in preparing the report. The company’s data cloud fuels solutions and delivers insights that empower customers to accelerate revenue, lower costs, mitigate risk, and transform their businesses.
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FAQs
1. What is the main goal of the “Strategy for Unlocking Export Potential for MSMEs in West Bengal” report?
The report aims to provide a clear and actionable strategy to empower businesses and policymakers in West Bengal to stimulate the growth of MSMEs and unlock new export opportunities for the region. By focusing on high-growth sectors and leveraging FTAs, the initiative seeks to establish West Bengal as a leading export hub, fostering long-term economic growth and sustainability.
2. Which sectors does the report identify as having strong export potential for West Bengal?
The report emphasizes six high-growth sectors where West Bengal already has a strong foundation: Gems & Jewellery, Metal Products, Chemicals, Handicrafts, Textiles & Leather, and Agriculture & Food Processing. The analysis pinpoints these key sectors where West Bengal can sharpen its export focus.
3. How does the BGBS contribute to promoting exports from West Bengal?
The BGBS serves as a platform to unite policymakers, corporate leaders, business delegations, entrepreneurs, academia, and think tanks from around the globe. The summit facilitates strategic and business alliances, promotes awareness of West Bengal’s industrial ecosystem and business-friendly initiatives, and provides opportunities for collaboration and networking through plenary sessions, sectoral sessions, country sessions, and B2B & B2G meetings.
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Conclusion
The “Strategy for Unlocking Export Potential for MSMEs in West Bengal” report provides a clear roadmap for boosting MSME exports in West Bengal. By focusing on high-growth sectors and leveraging FTAs, the initiative aims to establish West Bengal as a leading export hub, fostering regional economic growth and sustainability. The collaboration between the state government and Dun & Bradstreet India underscores a commitment to empowering businesses and policymakers, driving growth, and unlocking new opportunities in the global marketplace. West Bengal’s budget for 2025-26 also emphasizes MSMEs and infrastructure for economic growth. With a strategic approach and targeted interventions, West Bengal is poised to enhance its export performance and strengthen its competitive edge in the global arena.
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