West Bengal unveils new policy with up to 120% assistance
In short
West Bengal has announced a new investment policy that offers up to 120% assistance for priority-sector projects. The policy also excludes an estimated ₹50,000 crore backlog of industrial incentives from earlier governments.
The state is trying to attract new investment, but the unpaid old incentives remain a major issue for industry.
What the reporting says
West Bengal has unveiled a new investment policy that offers up to 120% assistance for priority-sector investments. The policy also leaves out an estimated ₹50,000 crore backlog of industrial incentives promised under previous regimes. The incentives are intended to attract new investment, while the exclusion of past dues remains a key issue for industry.
Why it matters
West Bengal’s new investment policy raises assistance for priority-sector investments and is meant to support fresh industrial activity in the state. The policy excludes an estimated ₹50,000 crore backlog of industrial incentives promised under previous regimes, which keeps the earlier dues outside the new package.