The new industrial policy in West Bengal is set to be revealed next month, with a probable announcement date of August 15, Independence Day, as mentioned by state Finance Minister Swapan Dasgupta. The policy aims to rejuvenate the manufacturing sector in West Bengal by implementing a robust investment strategy, departing from the previous government’s hands-off approach to land acquisition for industry.
Dasgupta highlighted that the upcoming policy will prioritize the utilization of land from defunct industries for new development, offering special financial incentives to the sector. The focus areas of the policy will include an overarching land policy, incentive policy, and the repurposing of land from closed industrial units for emerging entrepreneurs.
Chief Minister Suvendu Adhikari had previously hinted at the new land policy, emphasizing a shift towards a direct land purchase policy by the state government. This approach entails acquiring land directly from owners for designated projects, aiming to strike a balance between the forceful land acquisition methods of the past and the hands-off stance of the prior administration.
