Kolkata Leading the Way Towards Green Development and Sustainable Growth
Key Ideas
- Bengal is actively embracing sustainable and green development through incentive-oriented policies announced in the Bengal Global Business Summit.
- The state has introduced the 'West Bengal Green Hydrogen Policy 2023' to establish itself as a key player in green hydrogen and ammonia production, offering significant incentives for new plants and units.
- The focus on green hydrogen aligns with the goal of decarbonization and transitioning towards a greener future, positioning Bengal as a potential hub for green hydrogen in the country.
- Additionally, the 'West Bengal New and Renewable Energy Manufacturing Promotion Policy 2023' aims to meet the rising energy demand by incentivizing manufacturing units and addressing supply gaps.
Kolkata is making significant strides in promoting sustainable development and green practices, as highlighted by State Industry Minister Shashi Panja ahead of the Bengal Global Business Summit. Emphasizing the importance of environmental sustainability, Panja discussed Bengal's initiatives towards achieving a greener future. She pointed out the state's low ranking in the 2024 Environmental Performance Index and stressed the need for improvement. Noteworthy policies announced in the BGBS 2023 include the 'West Bengal Green Hydrogen Policy 2023,' which aims to position Bengal as a key player in green hydrogen and ammonia production. The policy offers substantial incentives such as waivers on land conversion fees, stamp duty, and electricity duty to encourage the development of new plants and units. Furthermore, Bengal's focus on decarbonization and green energy aligns with the state's goal of becoming a hub for green hydrogen. The 'West Bengal New and Renewable Energy Manufacturing Promotion Policy 2023' complements these efforts by incentivizing manufacturing units to address the growing energy demand and supply gaps. With a positive outlook towards sustainable growth and environmental consciousness, Kolkata is paving the way for a greener and more sustainable future.
Topics
India
Renewable Energy
Manufacturing
Sustainable Development
Environmental
Exports
Incentives
Business Summit
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