Business Ecosystem

West-Bengal - Other Investment Policies

Information Technology Policy 2003 New

The state has identified IT as a priority focus sector to be developed into a growth engine. It has developed the new IT policy keeping in mind the enhanced opportunities that IT will unleash over the next decade. These opportunities will allow corporates to create immense value, provide significant opportunities for talent development and employment, and enhance efficiencies in governance and social service. Therefore, the core objective of the new IT policy is to allow different constituents within the State to leverage this opportunity.

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Siting Policy for Industries

West Bengal Pollution Control Board in consultation with the concerned departments of the State Government categorized the industries in descending order of pollution potential as Red, Orange and Green categories alongwith a clear siting policy for entry level restriction. This siting policy is in place from 1998. But from our practical experience it is found that the entrepreneurs propose the new industries violating the siting policy and when they appear before the Board for Environmental Clearance the Board has no option but to refuse the said application. It is felt that before selection of a site for any new industrial development the entrepreneur should be aware of this siting policy. It is the responsibility of the promoting departments, the first port of call of the entrepreneurs, to ensure this.

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Special Economic Zone (SEZ) Policy

Jewellery from this region is famous throughout the world by the sobriquet “Calcutta Jewellery” for its intricate designs and quality of workmanship. West Bengal has a rich and continuing tradition of craftsmanship for handmade gold jewellery. The artisans from the State are today spread throughout the country. The proposed Gem & Jewellery Park will have the advantage of abundant availability of India’s finest jewellery craftsman.

Government of India has already given ‘in principle’ approval for Special Economic Zone (SEZ) status for Manikanchan. It is imperative to create an ambiance of simplified procedural regime to remove domestic hurdles and restrictions for the Manikanchan SEZ. It is also necessary to allow some fiscal and non-fiscal benefits at State level to the units at Manikanchan to make them internationally competitive. With these objectives, State Manikanchan SEZ Policy has been formulated within the basic guidelines given by the Government of India.

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