West Bengal Chief Minister Suvendu Adhikari has launched the Investment Promotion Policy 2026, aiming to attract major investments, revive industries and generate employment. š KEY INDUSTRIAL POLICY HIGHLIGHTS š° ā¹5,000 crore dedicated fund: A non-lapsable fund to finance industrial incentives. š Up to 120% investment assistance: For eligible thrust-sector units in priority areas, calculated against eligible investment in plant and machinery. Regular units have a 100% ceiling. š© Women-focused employment incentives: MSMEs can receive 100% reimbursement of employersā EPF contributions for women and transgender employees, and 50% for men, subject to conditions. š¢ Large industries: 50% EPF reimbursement for five years for eligible projects creating at least 200 jobs in priority areas or 400 elsewhere. ā” Tax and power benefits: SGST-linked assistance, electricity-duty relief, stamp-duty reimbursement and rental support for eligible service units. ā±ļø Faster approvals: Single-window online system, with targets of 30 days for a Certificate of Intent and 45 days for a Certificate of Eligibility. š¬ R&D support: Financial assistance for research, innovation, technology upgrades and industry-academia collaboration. šļø Strategic and mega projects: Special tailor-made incentives, dedicated officers and infrastructure support. š± Sectoral focus: Semiconductors, electronics, EVs, batteries, green hydrogen, defence, shipbuilding, textiles, pharmaceuticals, food processing and agro-industries. šļø Reviving closed factories: Support for eligible sick and closed industrial units. šŗļø Land reforms: Direct land purchases, land pooling and reuse of unused industrial land are planned. Earlier proposals also explored making landowning families stakeholders through jobs or ancillary businesses. š©āš Working women's hostels: Grants are proposed for eligible industrial clusters employing women. šØ SINGUR : The very land once earmarked for Tataās Nano dream could now attract investment from Ashok Leyland. š„ The policy applies to eligible investments made on or after May 9, 2026. The estimated ā¹50,000-crore backlog of incentives promised under previous governments is not covered by this new policy.