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Bengal Industrial Policy May Give Landowners Stakes in New Units

Bengal Industrial Policy May Give Landowners Stakes in New Units
Bengal’s New Industrial Policy Likely To Give Landowners Stake In New Industrial Units · freepressjournal.in

West Bengal is preparing a new plan to attract more industries.

The plan may give people whose land is acquired for factories a role in the businesses created there.

One idea is to provide a job for one person from each affected family.

Another idea is to help landowners run small businesses that support the factory.

These businesses could make uniforms or provide food through cooperatives.

The proposal is meant to reduce disagreements over acquiring land for industries.

Earlier land protests occurred over projects in Singur and Nandigram.

The policy may focus on industries that create many small supporting businesses.

Key facts

Policy status
The industrial policy was proposed and had not yet been announced.
Expected announcement
By the middle of September, according to the report.
Landowner option one
Employ one member of each land-owning family in the proposed industrial unit.
Landowner option two
Enable landowners to establish indirect support businesses serving the main industrial unit.
Support-business examples
Cooperative tailoring units supplying uniforms and canteens supplying meals.
Priority sectors
Textiles and garments, iron and steel, heavy electrical equipment, automotive, information technology, and electronics.
North Bengal focus
Tea, timber, and tourism, described as the Triple-T sector.

Quotes

State government official

Official involved in preparing West Bengal’s new industrial policy

“The ‘direct support’ entrepreneurs are those who supply technically specialised equipment for the main industries, and hence there will not be any scope for landowners to be stakeholders in this sector. However, big industries also come with a huge scope for ‘indirect support’ entrepreneurship through which the landowners can be made stakeholders.”
thehansindia.com
“The first option is to provide employment to one member of the land-owning family in the proposed industrial unit. The second option is enabling the land-owners to set up ‘indirect support’ entrepreneurship catering to the main industrial unit.”
thehansindia.com freepressjournal.in

Sources

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