Barely two months after the political transition in West Bengal, the state government has indicated a strong revival of industrial activity, with Chief Minister Suvendu Adhikari announcing that investment proposals worth WB Set for Rs 2,100 Cr Investment, New Hosiery Unit & Steel Plant2,100 crore are in advanced stages of planning. The Chief Minister shared the development during an interaction with media at the Biswa Bangla Convention Centre on Friday, where Lok Sabha Speaker Om Birla was also present and expressed optimism over the state’s renewed investment outlook.
According to the announcement, two major projects are set to be formalised soon. A Rs 600 crore hosiery manufacturing unit is expected to be established, a move likely to generate significant employment due to the labour-intensive nature of the sector. Alongside this, a Rs 1,500 crore proposal for a modern steel plant is nearing finalisation, signalling a potential revival of heavy industry in the state.
The developments come amid ongoing discussions around the proposed ‘Adani Health City’ project in New Town by the Adani Group, which has already generated considerable interest as a large-scale private investment in the healthcare sector.
The Chief Minister indicated that these projects are part of a broader strategy, with several additional investment proposals expected to be announced within the year. A cabinet sub-committee led by Industries Minister Tapas Roy has been tasked with drafting a new industrial policy aimed at creating a more investor-friendly environment. Sources suggest that the government is planning to host its first industrial summit under the new administration as early as September, where the policy framework may be unveiled.
The issue of industrialisation inevitably brought back the long-standing Singur controversy involving the Tata Group. Addressing the matter, the Chief Minister indicated that while land had previously been returned to farmers, there is now renewed interest among locals in offering land for industrial projects. Although no final decision has been taken regarding Singur, the government has expressed a desire to attract the Tata Group to invest in advanced sectors such as semiconductor manufacturing and data centres in the state.
This comes against the backdrop of the Tata Group’s ongoing semiconductor project in Assam, being developed under the Centre’s Semicon India programme with an investment of over Rs 27,000 crore. The facility, once operational, is expected to significantly boost India’s role in the global semiconductor supply chain.
Officials in West Bengal are now exploring the possibility of securing a similar high-value investment, with indications that Nabanna may soon initiate direct discussions with the Tata Group.
Observers note that the convergence of multiple large-scale proposals—from healthcare to textiles and heavy industry—within a short span suggests a renewed push to reposition Bengal as an investment destination. If realised, these initiatives could mark a significant shift in the state’s industrial trajectory under the new administration.
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