Industry body plans to channel Rs 1 lakh crore investments into West Bengal
The Indian Chamber of Commerce (ICC) has outlined plans to facilitate investments worth Rs 1 lakh crore in West Bengal through its member companies, signalling strong industry confidence in the state's economic potential and growth prospects, the Ministry of Science & Technology said on Wednesday.
The proposal was discussed during a meeting between an ICC delegation led by its President, Brij Bhushan Aggarwal, and Union Minister of State (Independent Charge) for Science and Technology and Earth Sciences, Dr. Jitendra Singh, in New Delhi.
During the interaction, the chamber apprised the minister of its ongoing investment initiatives in West Bengal and expressed its willingness to work closely with both the Central and state governments to support the state's development agenda.
According to the ICC, the proposed investments reflect increasing confidence among businesses regarding West Bengal's economic potential.
The delegation said the state is witnessing renewed optimism and positive momentum, which could help accelerate economic growth and strengthen its position as an attractive destination for investment.
The chamber emphasised the importance of continued cooperation among industry, the Union Government and the West Bengal administration in creating a favourable ecosystem for investment and enterprise.
It noted that sustained engagement between stakeholders would be crucial in unlocking new opportunities for industrial expansion and economic development.
Looking ahead, the ICC expressed its intent to collaborate with Dr. Singh, various Union Ministries and the Government of West Bengal to facilitate investments, support industrial growth and contribute to the state's broader development plans.
The proposed partnership is expected to focus on strengthening institutional coordination and encouraging greater industry participation in developmental initiatives.
The meeting reflects ongoing efforts to deepen industry-government collaboration and leverage private sector investment to drive regional economic growth.
Founded in 1925 by industrialist Ghanshyam Das Birla and other leading business figures of the time, the Indian Chamber of Commerce is one of India's oldest industry bodies.
