West Bengal govt identifies land to set up industrial park infrastructure for MSMEs
Kolkata, May 4 (KNN) The state government of West Bengal has designated about 40 small pieces of public land throughout the state for the development of an MSMEs industrial park infrastructure.
It will be given to private developers to establish an industrial park infrastructure for MSMEs the state.
The government had earlier announced the incentive scheme for approved industrial parks (SAIP) which offers various fiscal and non-fiscal incentives to encourage private sector to set up industrial parks on their own land.
In 2021 the government was prompted to tweak the scheme due to initial slow response.
It brought down the minimum land required for development of industrial park infrastructure to 5 acre from 20 acres earlier.
The state now is looking to offer its own land parcels typically in the size of around 5-8 acres to private players through West Bengal Small Industries Development Corporation Limited in a bid to expand the number of MSME units in the state over the next 5 years.
Under SAIP only private land was considered because that scheme was conceptualised for encouraging the private developers to bring in private land for development of industrial park.
Now, government is also offering government land to private developers to come and develop infrastructure for industrial parks. (KNN Bureau)