West Bengal Government Establishes Investment Synergy Committee to Enhance Ease of Doing Business

The West Bengal government has established an investment synergy committee to speed up project approvals and enhance business operations in the state. This announcement follows Chief Minister Mamata Banerjee's commitment at the Bengal Global Business Summit to improve business facilitation. The State-Level Investment Synergy Committee (SLISC), led by the chief secretary, will serve as a single-window clearance system for investment proposals, ensuring timely approvals.

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Investment Synergy Committee Objectives

The SLISC aims to simplify the process of obtaining necessary clearances for industrial projects and investments. "As I promised in the BGBS 2025, the formal Notification for formation of the State Level Investment Synergy Committee is issued today. This will accelerate the pace of Bengals industrialisation," Banerjee stated on X. The committee will include heads from 19 departments such as industry, commerce, environment, and finance.

The notification outlines SLISC's key goals, which include providing a centralised platform for investment proposals and business services. Approvals are expected within a month. Other objectives involve removing obstacles, supporting sectors like manufacturing, IT/ITES, healthcare, real estate, and services, enabling real-time monitoring, and introducing an online grievance redressal system.

District-Level Coordination

To ensure smooth project implementation, district-level investment synergy committees (ISCs) will be formed under district magistrates. These committees will work with SLISC to address local issues efficiently. The Industry, Commerce, and Enterprises Department will offer secretarial support to SLISC for effective coordination.

The SLISC will convene every two weeks to review pending applications and resolve issues promptly. Entrepreneurs can present their projects during these meetings for immediate query resolution. Additionally, the state-level committee will integrate with www.silpasathi.wb.gov.in to streamline application processes.

Business chambers have expressed optimism about this initiative, anticipating it will bolster West Bengal's status as a prime investment hub.