West Bengal

General Information

Infrastructure

Industrial Policy

The salient features of the policy on industrial promotion and economic development are to welcome foreign technology and investment, private sector investment in power generation, improvement and upgradation of industrial infrastructure etc. The thrust areas for special attention are petrochemicals & downstream industries, electronics and information technology, Iron and steel, metallurgical & engineering, textile, leather & leather products, food processing, medical plants, edible oil, vegetable processing and aquaculture, rubber, tea etc. For the purpose of determination of types and quantum of incentive available under this Scheme for the approved projects, according to their location, the State shall be classified in the following groups:

Group - A :Calcutta Municipal Corporation.
Group - B:Hoogly, Howrah, North 24 Parganas, and South 24 Parganas,Districts excluding the area under the jurisdiction of the Calcutta Municipal Corporation;
Group - C:Murshidabad, Birbhum, Midnapore, Nadia and Burdwan Districts;
Group - D:Purulia, Bankura, Malda, Coochbehar, North Dinajpur, South Dinajpur, and Darjeeling Districts.

Incentives

Capital Subsidy of 15% or Rs.1.5 million whichever is less in Group-B, 20% or Rs.2 million whichever is less in Group-C and 30% or Rs.3 million whichever is less in Group-D.
Sales tax Deferment/Remission on sale of finished goods.
Sales tax exemption on raw materials for 5 years in group-B, 7 year in group-C & 9 years in group D for new units.
Sales tax deferment for approved new electronics and gems and jewelry units located in Calcutta Municipal Corporation for 7 years.
Additional sales tax incentives to tune of admissible capital investment subsidy for 2 years in Group-B, 3 years in Group-C & 4 years in Group-D area.
Entry tax/octroi exemption for the first three years of operations
Subsidy of 25%, up to Rs.1.25 million, on purchase and installation of generating sets
	Waiver of electricity duty for new and sick or closed units for 5 year
Development subsidy for hotels, electronics and gems and jewelry units with fixed capital investment of up to Rs.50 million
Approved new projects or expansion projects shall be entitled to allotment of lands & 77% of land value shall be payable in equal annual installments over a period of 5 years in case of Group-B, 10 years in case of Group-C and 15 years in case of Group-D.
Subsidy of 75% of cost of feasibility report, up to Rs. 50,000 in most areas

State identified priority sectors

Coal Mining, Food Processing, Health Related Industries, Jute, Mineral-Based Industries, Steel

Contact

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