KATHMANDU, March 21: The third edition of the “Prospects for North Bengal – Investments in Sustainability” an initiative of the Bengal Chambers of Commerce and Industry (BNCC&I) held on Thursday in Siliguri, India with the objective to understand, discuss and initiate dialogues for business opportunities and investments in the sectors which are thriving in North Bengal and also the one which have more potential for accelerating the growth of North Bengal.

Delivering the keynote remarks in the inaugural session of the event, Vice President of Nepal-India Chambers of Commerce & Industry (NICCI) Sunil KC underscored the untapped opportunities for economic cooperation between Nepal and India, particularly in the context of North Bengal. He emphasized the need for a holistic approach to development, prioritizing sustainability and inclusivity while leveraging the region's natural resources and strategic location.

KC proposed key recommendations for economic growth, including further investments in infrastructure development, which he deemed essential for unlocking North Bengal's full economic potential. He emphasized the need for increased investment in improving road, rail, and air connectivity along the Siliguri corridor, a crucial transit route linking Bangladesh, Bhutan, India, and Nepal (BBIN). Upgrading the existing infrastructure and establishing logistics hubs were identified as priorities to facilitate the seamless movement of goods and people across borders.

Similarly, in his discussion, KC highlighted the need for enhanced cross-border trade and investments within the BBIN region, emphasizing the simplification of customs procedures and reduction of trade barriers for better economic integration. He suggested establishing special economic zones (SEZs) and industrial parks along the Siliguri corridor to attract foreign investments and encourage economic growth. Furthermore, KC underlined the importance of sustainable development, with participants agreeing on the integration of environmental considerations into business and investment strategies. This includes the promotion of green technologies, support for renewable energy projects, and the adoption of eco-friendly practices in industries, positioning North Bengal as an investment destination committed to long-term environmental sustainability.

Gautam Deb, Mayor of Siliguri Municipal Corporation, Andalib Elias, Deputy High Commissioner, People’s Republic of Bangladesh in Kolkata, Eshor Raj Poudel, Consul General of Nepal in Kolkata, Bhaskar Roy, and Vice President Techno India Group also spoke at the event, representing their respective organizations.

Angana Guha Roy Chowdhury, Assistant Director-General of the Bengal Chambers of Commerce and Industry, expressed gratitude to all participants for their valuable insights and contributions. She reaffirmed BCCI's commitment to supporting initiatives promoting sustainable development and inclusive growth in North Bengal, underscoring the organization's role as a catalyst for positive change in the region.

The event successfully brought together industry leaders, policymakers, and stakeholders to explore avenues for investment and development in North Bengal, with a particular focus on leveraging the region's strengths and potential for sustainable growth.

Throughout the event, stakeholders engaged in fruitful discussions and networking sessions aimed at identifying collaborative opportunities and forging partnerships for mutual benefit. The importance of innovation, collaboration, and knowledge-sharing emerged as key drivers of economic growth and sustainability in North Bengal.

 
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