Bengal Takes Initiatives to Attract Investors
On the basis of availability of ready-made infrastructure in the Eastern state of India, Industrialists are being wooed to invest in West Bengal, says reports from a senior government official from the state.
West Bengal has over 40 industrial parks with ready-made infrastructure available which can be beneficial for investing industrialists. Reports reveal that the clearance processes are being expedited by relationship managers who are making contacts with enterprises. These were stated by the West Bengal Commerce Industry and Additional Secretary C M Bachhawat at a CII function. Various forms of initiatives are being taken to promote investment across different sectors and assuring potential investors of better facilities, infrastructure and ease of doing business.
WBIDC Managing Director, Krishna Gupta observes the conducive environment offered by West Bengal which can make it ideal for new investments. The availability of land and water bodies holds great potential for development of fisheries. Development of Integrated Fisheries Zones, can improve chances of attracting investments and open up new avenues – believes Syed Ahmed Baba, Principal Secretary of Fisheries. He also highlighted several other areas which hold potential for Bengal to enter into a public private partnership initiative for the process.
A core committee has been formed by the State Government overlooking the process of expediting investment procedures. This committee shall comprise of Ministers, various government officials and the Bengal Chambers of Commerce.
Senior officials also stated that having interacted with local industrialists, new rules are being formulated and inclusion of a number of policies shall be made which can facilitate the industrial development of West Bengal.
The Bengal Global Business Summit shall be held from 6th – 8th of January 2015, at the Prakriti Tirtha Eco Tourism Park, New Town; which is expected to attract both global and domestic delegates exploring the potential of setting up various industrial units in West Bengal. This would in turn be beneficial in giving the IT, healthcare, education and energy sector a boost.
A presentation was made by SP Yadav that highlighted the various measures being taken by the government in order to attract new investments to the State and also outlined the availability of valuable natural resources such as coal.
Source: Economic Times
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