New Delhi, Aug. 19 -- West Bengal has significant potential to accelerate industrialisation by adopting a cluster-based, technology-intensive and export-oriented manufacturing strategy, with precision engineering, electronics, renewable-energy equipment, food processing, automotive and railway components, and maritime manufacturing emerging as key investment opportunities, according to a report by the PHD Chamber of Commerce and Industry (PHDCCI).

The report noted that the State's next phase of industrial growth should focus on converting its existing natural, human, industrial and logistical advantages into integrated, investment-ready manufacturing and export clusters.

PHDCCI President Rajeev Juneja said West Bengal has a substantial ...