West Bengal Government Establishes Investment Synergy Committee for Streamlined Proposal Approvals
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Synopsis
On February 8, the West Bengal government announced a new state-level investment synergy committee (SLISC) to streamline the approval process for investment proposals and enhance the state's business environment.
Key Takeaways
- Formation of state-level investment synergy committee (SLISC).
- Streamlined, single-window approvals for investments.
- District-level committees will complement the state-level committee.
- Fortnightly meetings to address pending applications.
- Support for real-time monitoring and grievance redressal.
Kolkata, February 8 (NationPress) The government of West Bengal has officially declared the establishment of a state-level investment synergy committee (SLISC) aimed at serving as a single-window solution for the clearance of investment proposals throughout the state.
As per the announcement from Chief Secretary Manoj Pant, this committee is designed to promote economic growth and improve the ease of doing business in West Bengal, while also accelerating the process of securing necessary approvals and clearances for initiating and managing industrial projects and other investments.
In addition to this state-level committee, the notification states that each district will also have its own district-level investment synergy committee.
“This initiative aims to create a streamlined, single-window interface for obtaining approvals, allowing entrepreneurs and investors to gain necessary clearances without facing unnecessary delays,” the notification indicated.
Furthermore, the goal is to establish a single-point interface and a centralized platform for all investment proposals and business services.
This will also aid in ensuring timely approvals, removing bottlenecks, and supporting investments across various sectors, while also providing real-time monitoring, grievance resolution, and data integration, as stated by the state government.
“The committee will hold meetings every two weeks to review and tackle pending applications. Entrepreneurs and investors can present their projects during these sessions for immediate resolution of queries and clarifications,” the notification mentioned.
The state industry, commerce & enterprises department will provide secretariat assistance to the committee.
“This State Level Investment Synergy Committee is set to further solidify West Bengal’s status as a premier investment hub, offering unparalleled support to investors,” the notification highlighted.
Earlier this week, the two-day Bengal Global Business Summit (BGBS)-2025 was held, showcasing the state as an attractive investment destination.
Chief Minister Mamata Banerjee reported that this year’s event has drawn a total of investment proposals amounting to Rs 4,40 lakh crore for West Bengal.
