BGBS: State sets up panel of secretaries to frame Single Incentive Scheme

Move aimed at roping in more investors
Report by: 
Sabyasachi Bandopadhyay
14 Dec 2017

In order to simplify incentive schemes that are offered to investors, the West Bengal government has planned to frame a Single Incentive Scheme for all the departments under the state government that offer such sops to industrialists.

And with this aim the government has set up an eight-member committee of secretaries under the chairmanship of chief secretary Moloy Dey. The government order has been issued by the chief secretary on December 11. The move is considered to be a brain-child of chief minister Mamata Banerjee who has been desperately trying to rope in more investments for the state. The policy will be showcased at the state government's prestigious Bengal Global Business Summit to be held in Kolkata from January 15 to January 17. The departments that will be represented include those of commerce and industry, miicro and small scale industries, IT, food processing, finance, fisheries, animal resource development and power.

``Earlier different departments used to offer separate incentive schemes to the investors and sometimes they used to contradict with each other. This used to create confusion and complexities in the departments too. Hence the decision to create the Single Incentive Scheme. This will be announced in the forthcoming business summit ,'' an official of the state government told the Echo of India.