West Bengal Investment Promotion Policy 2026 Draws Industry Support, Companies Signal Fresh Investment Plans

Industry leaders welcome proposed reforms in land allocation, single-window clearances, employment-linked incentives and emerging sectors, while Jupiter Wagons announces plans for an additional Rs 3,000 crore investment in the state.

The West Bengal Investment Promotion Policy, 2026, unveiled by Chief Minister Suvendu Adhikari on Thursday, has received a positive response from industry leaders across manufacturing, infrastructure, real estate, textiles, healthcare and other sectors. Business representatives expect the policy to attract fresh investments, strengthen industrial development and create employment opportunities.

Industry leaders have particularly highlighted proposed land reforms, simplified approval procedures, incentives for employment generation and support for emerging industries as important measures for improving the state's investment environment.

Industry Leaders Welcome Proposed Policy Reforms

PATTON Group Managing Director Sanjay Budhia described the policy as a potential game changer for industry, highlighting its possible multiplier effect on employment, infrastructure development and ancillary industries.

He welcomed proposals covering simplified land laws, the revival of sick industries, employment-linked incentives and fixed timelines for regulatory clearances.

Ambuja Neotia Group Chairman Harshvardhan Neotia highlighted the proposed unified single-window system, faster approvals and transparent land allocation. He also welcomed incentives supporting employment generation, women's workforce participation, research and development, and emerging sectors.

Merlin Group Chairman and CREDAI West Bengal President Sushil Mohta described the policy as a good beginning. He expressed hope that further progressive reforms in land laws and urban development would support the real estate sector.

Primarc Managing Director and former CREDAI Bengal President Siddharth Pansari noted that industrial expansion could generate demand for housing, office spaces, retail developments and supporting infrastructure, creating opportunities beyond Kolkata.

Business Chambers Highlight Investment and Employment Opportunities

Bharat Chamber of Commerce President Naresh Pachisia welcomed the policy's focus on developing an industry-oriented ecosystem. He highlighted proposed electricity duty and lease rent subsidies, assistance for sick and closed industrial units, and time-bound disbursement of incentives.

Merchants' Chamber of Commerce and Industry President Munish Jhajharia welcomed the proposed land bank and incentives for women employees. He also pointed to the policy's focus on information technology, semiconductors and electronics.

ASSOCHAM Eastern Region Council Chairman Taranjit Singh and Co-Chairman Sanjib Patwari emphasised infrastructure development, investor facilitation and continued engagement between the government and industry.

CII Eastern Region Chairman Mehul Mohanka, who is also Managing Director and Group CEO of Tega Industries, said the proposed measures could support advanced manufacturing, exports and investor confidence.

Jupiter Wagons Plans Additional Rs 3,000 Crore Investment

Jupiter Wagons Limited Managing Director Vivek Lohia said the policy addresses three important considerations for investors: land availability, approval timelines and employment-linked incentives.

He also confirmed that the company plans to invest an additional Rs 3,000 crore in West Bengal.

Keventer Group Chairman and Managing Director Mayank Jalan welcomed the proposed time-bound approval mechanism.

Jupiter International Limited CEO Dhruv Sharma highlighted incentives for manufacturing, research and green energy.

Real Estate, Logistics and Industrial Infrastructure in Focus

Purti Realty Managing Director Mahesh Agarwal said the policy could encourage investments in industrial parks, warehousing, logistics facilities and residential developments around emerging employment hubs.

Industry representatives also highlighted the potential for industrial expansion to generate demand for commercial and residential infrastructure.

Textile, Food Processing and Advanced Manufacturing Sectors

Luxmi Group Managing Director and Obeetee Chairman Rudra Chatterjee highlighted the policy's focus on employment-intensive industries, including textiles and food processing. He also pointed to incentives linked to investment and job creation.

The policy's proposed support for technology adoption, research and development and industrial expansion was also welcomed by Titagarh Rail Systems Deputy Managing Director Prithish Chowdhary.

He highlighted the inclusion of defence, shipbuilding and automobile manufacturing among the priority investment areas.

Healthcare and Workforce Incentives Receive Attention

Woodlands Multispeciality Hospital Managing Director and CEO Rupak Barua welcomed the proposed Employees' Provident Fund (EPF) reimbursement provision, particularly the enhanced support for women and transgender employees in micro, small and medium enterprises (MSMEs).

The provision was highlighted as an important component of the policy's employment-related incentives.

Industry Looks Ahead to Implementation

Industry representatives have broadly welcomed the West Bengal Investment Promotion Policy, 2026, particularly its proposed measures covering investment facilitation, industrial infrastructure, land availability, employment generation and emerging manufacturing sectors.

The proposed additional investment by Jupiter Wagons Limited and the positive responses from business associations and companies reflect industry interest in the state's industrial development plans.