The 8th edition of Bengal Global Business Summit (BGBS) 2025 brought together global leaders, policymakers, and industry experts to discuss investment opportunities and economic collaborations. At the summit, Mr. Brij Bhushan Agarwal, Vice Chairman and Managing Director of Shyam Metalics, shared his insights in his capacity as the Vice President of the Indian Chamber of Commerce (ICC) at the BGBS Country Session with Bhutan, on strengthening trade and investment ties between Bengal and Bhutan. Organized by the Government of West Bengal, the summit plays a vital role in positioning the state as a preferred destination for international business and cross-border partnerships.
The summit facilitated discussions on industrial expansion, infrastructure development, renewable energy, and digital transformation, positioning Bengal as a global investment hub. Key topics included enhancing trade and logistics networks, advancing green energy initiatives, strengthening MSME sectors, and fostering innovation in manufacturing and technology. Delegates explored policy reforms to improve ease of doing business, promote foreign direct investment (FDI), and create new employment opportunities across multiple industries.
Mr. Brij Bhushan Agarwal spoke during the BGBS Country Session with Bhutan, where H.E. Younten Phuntsho, the Hon’ble Minister of Agriculture & Livestock, Royal Government of Bhutan, was the chief guest.
In his address, Mr. Agarwal’s session focused on cross-country investment and business opportunities between West Bengal and Bhutan. He highlighted the transformative economic landscape of West Bengal, emphasizing the state’s rapid growth in infrastructure, agriculture, and manufacturing sectors. He noted, “West Bengal acts as a gateway to East and Northeast India, with access to neighbouring countries like Nepal and Bhutan. The state’s strategic location and skilled labour force make it an ideal destination for investment.”
Mr. Agarwal also underscored the unique and exemplary cross-country relations between India and Bhutan, established in 1968, which are based on mutual trust, goodwill, and understanding. He pointed out that Bhutan’s diversified economy, with significant contributions from agriculture, hydropower, tourism, and manufacturing, presents ample investment opportunities. He stated, “When we think about Bengal, these sectors come to our mind too, with a great potential in solar power instead of hydel power.”
Mr. Agarwal stated “Our goal is to leverage Bengal’s strengths—be it manufacturing, infrastructure, or exports—to create an interconnected regional economy. By deepening cross-country economic ties, we can accelerate Bengal’s transition into a global trade hub.”
The Bengal Global Business Summit 2025 concluded with investment proposals totalling Rs 4.4 lakh crore, reflecting a nearly 16% increase from the previous summit. Chief Minister Mamata Banerjee assured global leaders that Bengal is “the safest and smartest place to invest,” highlighting the state’s efforts to eradicate poverty and generate employment.
As a strong advocate for cross-border trade, Mr. Agarwal’s participation in BGBS 2025 reinforced ICC’s commitment to fostering international partnerships that contribute to sustainable economic development. His insights into the synergies between West Bengal and neighbouring economies provided valuable perspectives for potential investors and partners.
About Shyam Metalics Limited
Shyam Metalics is a leading and fastest-growing integrated metal-producing company based in India primarily in the steel Industry in West Bengal and Odisha with a focus on Long Steel Products and Ferro Alloys. The company got listed itself on the exchanges in 2021 and as on date of this press release possesses a market capitalization of Rs. 21,126 Cr. Spearheaded by Mr. B. Bhushan, Vice Chairman and Managing Director, the company strives to deliver unparalleled quality through their customized value-added solutions to meet business requirements.
Headquartered in Kolkata, West Bengal, the company is amongst the largest producers of ferro alloys in terms of installed capacity in India (Source: CRISIL Report). The company has the ability to sell intermediate and final products across the steel value chain. Shyam Metalics is one of the leading players in terms of pellet capacity and the largest coal fired player in the sponge iron industry in terms of sponge iron capacity in India.
