New Delhi (India), June 11: The Indian Chamber of Commerce (ICC) plans to facilitate investments worth one lakh crore rupees in West Bengal through its member companies, reflecting growing industry confidence in the state's economic potential and growth prospects.
The proposal was discussed during a meeting in New Delhi between an ICC delegation led by its President, Brij Bhushan Aggarwal and Union Minister Jitendra Singh.
The chamber said West Bengal is witnessing renewed optimism and positive momentum, which could help accelerate economic growth and strengthen its position as an attractive destination for investment.
The meeting reflects ongoing efforts to deepen industry-government collaboration and leverage private sector investment to drive regional economic growth.
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ICC expressed willingness to work with the Centre and the state government to support the state’s development agenda.
Investor interest in the state appears to have strengthened following the Bharatiya Janata Party's (BJP) decisive victory in the state elections, which enabled it to form a majority government on its own.
Meanwhile, the Centre has sanctioned a total of ₹4,000 crore for rural roads, pension schemes, rural employment programmes, and agricultural development.
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This major investment will strengthen rural infrastructure, enhance economic opportunities, and improve the quality of life for millions of people across Bengal, the union stated while sanctioning the fund.
The state has also attracted foreign interests, such as the Asian Development Bank (ADB) and Export Import Bank of Korea (EIBK). The ADB is offering USD 350 million, while the EIBK has pledged investments of USD 75 million, totaling USD 425 million (Approximately Rs 4,000 crore).
The first tranche of these investments is expected to come by early next year (2027). The West Bengal government under CM Shubhendu Adhikari has also made a provision to invest about USD 107 million.
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The State government has identified old industrial areas such as Raghunathpur and Durgapur to start the next phase of industrial development.
ICC, which was founded in 1925 by Ghanshyam Das Birla and other business leaders, is one of India's oldest industry bodies.
Ends.
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