With a focus on incentives to attract more investments, the state announced job creation with a prime focus on women. The West Bengal government rolled out its new industrial promotion policy in a bid to attract big-ticket investments on Thursday. With the chief minister of the state, top ministers, and industrialists in attendance, the state laid down the roadmap to revive its industrial sector.
The government has also announced a GIS-mapped industrial land inventory and an ‘industry buddy’ concept for for time-bound clearances to set up industries in the state. “The new policy addresses the three things that decide where capital goes: land, speed of approvals and incentives tied to jobs. The state also studied the land and industry policy of several states such as Maharashtra, Uttar Pradesh, Tamil Nadu and Gujarat before framing Bengal’s policy.
Speaking at the event, West Bengal Chief Secretary Manoj Agarwal said, “The state government has saved Rs 30,000 crore to implement this new industrial policy to revive this sector with incentives that were missing over the last decade. As part of the incentives, the state will be giving higher financial assistance up to 120 per cent of eligible Fixed Capital Investment (FCI), which will be granted to units operating in the state’s designated priority areas and thrust sectors. The previous Trinamool-led Bengal government had passed a law in 2025, retrospectively withdrawing industrial incentive schemes and financial benefits granted from 1993 to 2021.
In doing so, it aligns Bengal firmly with the national agenda of Atmanirbhar Bharat and Make in India,” said Vivek Lohia, MD, Jupiter Wagons Limited.
