The opening up of the Indian economy and the continual changes in the country’s economic and investment policies over the past one and a half decades have unleashed an unprecedented opportunity for growth of private & public investment and enterprise. The states have played a key role in scripting the Indian growth story. However, at the same time, the competition among different states has intens
ified as the country has progressively synchronized with the global market and has emerged as an investment destination. It is against this backdrop the nodal agencies of the different states’ which are responsible in promoting investment came to play a larger role. (WBIDC) formed in 1967 under the Companies Act, is the premier nodal agency of West Bengal’s Commerce and Industries Department. WBIDC is responsible for conceptualizing, development, growth and facilitation of industry, investment and infrastructure in West Bengal. Over the years the corporation is actively engaged in catalyzing investment through promotion and marketing of West Bengal as an investment destination. WBIDC provides support to industries through the four ways – Facilitation, Financing, Disbursing Incentives and by Setting up Industrial Parks.
