WB CM forms Industrial Investment Promotion Board to improve ease of doing biz

Kolkata, July 20 (KNN) Aiming to bring more industrial investment in the state, West Bengal Chief Minister Mamata Banerjee has declared the formation of an Industrial Investment Promotion Board (IIPB) which will be an umbrella organization of all industry-related corporations and other bodies of the state government.

Announcing the decision at the state secretariat Nabanna, she said, “The chairman of the new board will be a former state information technology department secretary. The departmental secretaries of finance, commerce and industries, MSME, information technology, land and land revenue, fisheries, tourism and transport will be members of the new board.”

Apart from the regular board members, IIPB will have Finance and Industry Minister Dr Amit Mitra and the State Chief Secretary as observers, the CM said. Members of the board will meet once a week and regularly report to her.

The Chief Minister also announced that her government would invite President Pranab Mukherjee to be the chief guest at the state’s upcoming mega business conclave.

Once the IIPB becomes functional, all the existing industry-facilitating bodies under the state government, such as West Bengal Industrial Development Corporation (WBIDC), West Bengal Infrastructure Investment Development Corporation (WBIIDC) and West Bengal Small Industries Development Corporation (WBSIDC), among others, will be brought under IIPB. (KNN Bureau)