Oriental Chamber of Commerce Hosts 92nd AGM, Focuses on Economic Growth, FDI, and Sustainable Development

#PRIYO CHITROSATHI NEWS💐

19th February 2025, Kolkata– The 92nd Annual General Meeting (AGM) of the Oriental Chamber of Commerce was held on 19th February 2025 in Kolkata, bringing together an esteemed group of policymakers, business leaders, and diplomatic figures. The event was inaugurated by Janab Firhad Hakim, Hon’ble Mayor of Kolkata Municipal Corporation and Hon’ble Minister-in-Charge of Urban Development. Dr. Shashi Panja, Hon’ble Minister-in-Charge of Industry, Commerce, and Enterprises, graced the occasion as the Guest of Honour, reinforcing the government’s commitment to industrial growth.

Special guests included H.E. Mr. Hugh Boylan, Consul General of Australia in Kolkata, and H.E. Ms. Andrea Jeske, Deputy Consul General of Germany, underscoring the growing economic and strategic ties between India and their respective nations. Discussions focused on key sectors such as technology, defence, and renewable energy.

West Bengal’s industrial strength rests on its dynamic MSME sector, comprising around 90 lakh units and employing 1.3 crore people—the second highest in India, contributing 14% of the nation’s MSMEs. Notable projects include the Jangal Sundari Karmnagari Industrial Township in Purulia, spanning 4,000 acres, and mining operations at the Deocha-Pachami-Dewanganj-Harinsigha, the world’s second-largest coal block. The opportunity to provide services, goods, and innovations in this sector remains crucial for fostering growth and making India a global manufacturing hub.

Additionally, India’s leather and garments sector remains one of the largest contributors to exports and employment. West Bengal’s focus on infrastructure development, skill enhancement, and manufacturing incentives will further drive growth. With global demand rising for ethically produced, high-quality leather goods and apparel, there is immense potential for export expansion. Industry players must prioritize quality, sustainability, and global market access as the world shifts toward eco-conscious production.

The Bengal Global Business Summit (BGBS) 2025 was highlighted as a major milestone, with business leaders like Mr. Mukesh Ambani, Mr. Sanjeev Goenka, and Mr. Harsh Neotia discussing new policies and initiatives to boost economic growth. Announcements included plans to modernize logistics, double exports, and promote renewable energy manufacturing.

The AGM also reviewed the Union Budget for FY 2025-26, emphasizing infrastructure, digitization, social welfare, and green energy. Foreign Direct Investment (FDI) opportunities in defence, technology, and green energy were explored to accelerate India’s clean energy and digital transformation.

The Oriental Chamber of Commerce remains committed to driving economic progress through strategic partnerships, reinforcing its role in shaping West Bengal’s and India’s economic future.