Kolkata, Oct. 1 -- West Bengal is set to unveil a new industrial policy before the festive season, offering incentives for investments above Rs 100 crore and a single-window system for multiple approvals. The proposed policy was discussed at a Nabanna meeting on Thursday, attended by Industries minister Tapas Roy. CM Suvendu Adhikari is expected to announce it within a fortnight.
Nabanna sources said the government plans to make Bengal more investor-friendly and attract investors from other states by easing land policy and streamlining approvals for environmental clearances, building plans, mutation, land conversion and trade licences.
The government plans to strengthen the single-window system, allowing investors to secure clearances without approaching multiple departments or local bodies separately. Officials are also working on coordinated infrastructure support, with the aim of ensuring land and statutory approvals do not delay projects.
Land has already been handed over to investors for industrial infrastructure at locations, including Falta SEZ and dairy-related projects, sources said.
The government is also seeking to address one of the longstanding concerns of investors-difficulty in assembling contiguous parcels of land.
During the previous regime, industry bodies had repeatedly flagged land acquisition and project-approval delays as impediments to investment. Direct purchase of land from individual farmers often proved difficult, while assembling large contiguous tracts for industrial projects remained a challenge.
The proposed policy push is therefore expected to focus not merely on financial incentives but also on ease of doing business, faster approvals and assured industrial infrastructure, with the
government seeking to project Bengal as a state where investors can establish and operate projects without running from office to office. The GoM report will be sent to the Cabinet soon for final approval, an official said.
Published by HT Digital Content Services with permission from Millennium Post.