The natural resources, policy incentives and infrastructure in the state support investments in major sectors such as iron and steel, biotechnology, coal, leather, jute products, tea, IT, gems and jewellery. The state has 3000 acres of land at its disposal to set up industries.
West Bengal has 12 growth centres for medium and large scale industries, set up by the West Bengal Industrial Development Corporation (WBIDC). There are exclusive growth centres for electronics, software technology and export processing.
Major industrial areas are Haldia, Kolkata, Asansol-Durgapur region, and Kharagpur.
Some of the major initiatives taken by the government to promote West Bengal as an investment destination are:
- During 2013-14, till December 2013, 4,794 new micro, small and medium scale units were established providing employment to around 50,370 people.
- The Government of West Bengal has set up an integrated leather complex on the eastern fringe of Kolkata, spread over 1,100 acres. Kolkata is the second most important tanning center of India, accounting for 22-25 per cent of the country's tanning activity.
- The Joint Plant Committee (JPC) for steel has been constituted by the Government of India to formulate guidelines for production, allocation, pricing and distribution of steel materials in the country.
- Three steel parks are expected to be established in Raghunathpur at an investment of about US$ 5.9 billion.
- Under the 12th Five Year Plan (2012-17), ~US$ 904 million has been allocated for the development of agriculture and allied activities in West Bengal.