WEST BENGAL INDUSTRIAL DEVELOPMENT CORPORATION LIMITED (WBIDC)
West Bengal Industrial Development Corporation Limited (WBIDC) Delhi office has been functioning as an extended arm of the Corporation since 1981 for providing fillip to the process of industrialization in the State, creating sustainable employment opportunities & strengthening the industrial base.
Headed by Advisor (Industry) this office is the coordinating interface of the State Government, in general, and the WBIDC, in particular, in Delhi for liaising with Union Industries Ministries & other Central Government Organizations. In the last 4 years, the office has been assigned additional responsibilities of monitoring ASIDE, PCPIR, Coal Block Allocation, SEZ Development & Jharia-Raniganj Master Plan.
In the year 2009, Mitsubishi Chemicals Corporation PTA India remained the highest investor of Foreign Direct Investments from Japan. The Purified Terephthalic Acid Production facility of the Company in Haldia setup in 1997 began within initial investment of Rs 1475 crore and expanded in 2010 with a fresh phase 2 investment of Rs 1962 crore. WBIDC holds 5% share in the corporation.
Some of the major industrial investment destinations are Raghunathpur Steel Park, Jindal Steel Plant at Salboni, Bhushan Steel Plant at Salanpur, Vidyasagar Industrial Park at Kharagpur, Auto Park at Guptamani near Jhargram, Aerotropolis Project at Andal (Durgapur) and Matrix fertilizer plant at Panagarh. Recently a deal has been finalized with Gas Authority of India Limited for insuring a minimum daily availability of 16 million cubic meter of natural gas by 2012.
In the last two years this office has been proactive in suggesting appropriate changes to the Mines Development and Regulations Law, delineating input usage benchmarks for coal block allocation and determining royalty on ad-valorem basis for coal and other major minerals.
Advisor (Industry) is also the designated representative of the State Government for pursuing the cases of industrial sickness before the Board for Industrial & Financial Reconstruction (BIFR)/Appellate Authority of Industrial & Financial Reconstruction (AAIFR).Last Updated on: May 15th, 2014