Bengal to monitor investment proposals in a better manner

October 15th, 2011 - 11:09 pm ICT by IANS  

Mamata Banerjee Kolkata, Oct 15 (IANS) The West Bengal government is all set to monitor investment proposals in a better manner as it will ask the prospective investors to submit an eight-point check list with their applications for setting up industries in the state.

“The prospective investors will be requested to submit an eight-point check list with their applications for setting up industry in the state. It will help us to keep track of the progress of the clearance, timely implementation and financial status of the project,” state Industry and Commerce Minister Partha Chatterjee said at a programme organised by Assocham here Saturday.

“The eight-point check list consists of details of project type, balance sheet of past three years, financial disclosures, entire investment plans, including the phases of investments, the date completion of project, volume of the land required, requirement from the government and human resource necessity,” he said.

Highlighting the prospect of the state, Additional Chief Secretary, Commerce and Industries Department, Dipankar Mukhoppadhyay said: “With its congenial investment climate the state has received Rs.2,000 crore proposal in the last four months.”

Meanwhile, ‘Shilpa Sathi’, a single-window system for easing up procedural formalities in investment proposals in the state, was made operational from Saturday.

To assist the investors in setting up industries in the state, the Mamata Banerjee-led government earlier launched the initiative where an investor can submit a “Common Application Form” in the single window cell at the West Bengl Industrial Development Corporation Limited (WBIDC) office in the city.

Initially, in phase-I, the facility of ‘Shilpa Sathi’ will be available to investors, who want to set up medium and large industries in Kolkata, Howrah, Hooghly, South 24 Parganas and North 24 Parganas districts.

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