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West Bengal to Launch Real-Time Tracking System for Investment Proposals

  • Posted on March 9, 2025
  • News
  • By Arijit Dutta
  • 108 Views

West Bengal will introduce a real-time tracking system for investment proposals to ensure swift approvals. The state has received ₹4.4 lakh crore in investment proposals and is focusing on industrial expansion, economic corridors, and land allocation to attract businesses and foster economic growth.

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The West Bengal government is set to introduce a real-time tracking system for investment proposals to streamline approvals and remove procedural delays. Chief Minister Mamata Banerjee has directed the state’s chief secretary to implement this system to ensure time-bound clearances and seamless coordination among departments.

The move follows the success of the 8th Bengal Global Business Summit (BGBS), where the state received investment proposals worth ₹4.4 lakh crore. Over the past seven summits, West Bengal has secured proposals amounting to ₹19 lakh crore, with projects worth ₹13 lakh crore already completed. To facilitate smooth execution, the government recently formed the State-Level Investment Synergy Committee (SLISC), which will meet fortnightly to review progress.

The Chief Minister has also instructed departments to assess vacant land under their jurisdiction for potential industrial use. A detailed report on such land, including encroached areas, has been requested. Additionally, the state is developing six economic corridors and has earmarked around 3,000 acres for industrial expansion.

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West Bengal has witnessed significant industrial growth, with 108 industrial parks covering over 10,000 acres. Of this, approximately 1,500 acres remain available for new projects. The introduction of a real-time tracking system is expected to boost investor confidence, enhance transparency, and accelerate economic development in the state.

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Arijit Dutta

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