The News National
Government of West Bengal is coming up with a new policy for attracting big industries which is contemporary with changing the scenario in the state.
A committee headed by the chief secretary has been formed. The draft policy will be prepared after consultation with all concerned stakeholders within a month.
The new policy will be commensurate with the financial health of the state.
A bill was passed to revoke a total of 10 incentive schemes. The schemes were mostly introduced between 1993 and 2013.
WBGov observed that the positive impact of the incentives has largely been confined to a limited number of beneficiaries and had a minimal effect on the broader process of industrialisation.
The incentive schemes disproportionately favour specific industries, geographic regions or corporate entities, leading to economic disparities.
