Bengal CM Suvendu Adhikari addresses the launch of the West Bengal Investment Promotion Policy 2026, aimed at attracting investments, accelerating industrialisation and generating employment, in Kolkata on Thursday, Nov 5
Entrepreneurs said they were also expecting some reforms in land laws and urban development policies. Kolkata: Incentives proposed in Bengal’s new investment promotion policy, announced by CM Suvendu Adhikari on Thursday, will add momentum to the state’s industrial development, said industry bodies and industrialists.
The group on Thursday proposed a Rs 6,000 crore investment in the state in coming years. With the policy identifying textile as one of the thrust sectors, Indian Chamber of Commerce’s National Textiles Committee chairman Sanjay Jain said, “It is encouraging that a textile unit receives an enhanced overall assistance ceiling of 110% of its FCI. If the textile unit is located in a designated ‘priority area’, the ceiling increases to 120% of the Eligible FCI.
The other aspect is assistance from the nodal officer to ensure the success of new investments,” said Saroj Poddar Group president Indrajit Mookerjee, also the vice-chairman of Texmaco Rail & Engineering. CWBTA president Sushil Poddar said, “This will bring in more industries. “The policy is forward-looking and reflects a positive outlook,” said Jai Balaji Group chairman Aditya Jajodia. “We hope the govt will consider progressive reforms in land laws and urban development policies to attract greater investments,” he said. Patton Group MP Sanjay Budhia said: “The first industrial policy of the new govt is a major game changer for industry, which has its direct multiplier effect in terms of employment generation, and creation of physical and social infrastructure.
“It is the start of a new sunrise. The policy covers encouragement in terms of incentives in the emerging areas where Bengal’s presence had been almost absent. Traders of Bengal are ready to support to all industries. CREDAI West Bengal president Sushil Mohta expressed hope that more such announcements would come in the near future. BCC&I president Abhijit Banerjee and MCCI president Munish Jhajharia both welcomed the policy.