The West Bengal administration will step up its investor outreach efforts, pinning its hopes on a projected deep-sea port, coal mine, and industrial corridor being built in the state to attract investors. Rajiva Sinha, Chairman of the West Bengal Industrial Development Corporation (WBIDC), said there is a need to improve investors’ perceptions about Bengal, and given Chief Minister Mamata Banerjee’s priority for industrial development, he is more optimistic about investment commitments.
In a few years, the state will have a major coal block operational, which is expected to stimulate the mining industry. In addition, Purulia’s 500-kilometer Tajpur-Raghunathpur industrial corridor and Tajpur’s proposed deep-sea port will spur infrastructural development and port-based industry.
“Along with the Tajpur port, we are giving 1,000 acres of land to the developer where port-based industry will come. So this year we are more upbeat about announcement of investments,” said Sinha.
