What is (WBIDC), West Bengal Industrial Development Corporation?
WBIDC Full form is West Bengal Industrial Development Corporation (WBIDC), it is a public sector enterprise of the Government of West Bengal. It was incorporated in 1967 as a company wholly owned by the Government of West Bengal with an objective to promote and develop industries in the state of West Bengal. The Corporation provides infrastructure development support to industry through land acquisition, site development, and construction of factory buildings and industrial estates. It also provides financial assistance to small and medium enterprises through term loans, venture capital investments, and equity participation.
What is the WBIDC, West Bengal?
West Bengal Industrial Development Corporation (WBIDC) is the state government-owned industrial development corporation of West Bengal, India. It was established in 1967 as a public limited company under the Companies Act, of 1956. The agency’s objective is to promote and facilitate the industrialization of the state of West Bengal. The WBIDC is headquartered in Kolkata and has regional offices in all districts of West Bengal.
WBIDC provides infrastructure and other services to industries such as power, water, land, transport, communication, etc. It also provides assistance in project formulation, identification of sites/plots, technology up-gradation, and market expansion. The corporation has played a key role in setting up many large and medium-scale industries in the state which has resulted in the overall economic development of West Bengal.
The WBIDC provides financial assistance to small, medium, and large enterprises for setting up industries in West Bengal. It also provides infrastructure development services such as land acquisition, project management, construction management, and environmental management.
The Functions of the WBIDC, West Bengal
The WBIDC is the primary industrial development organization in West Bengal. It is responsible for providing infrastructure and other support to industries in the state. Additionally, the WBIDC also promotes investment in West Bengal through a variety of incentives and schemes.
Industrial Areas Developed by WBIDC in West Bengal
The West Bengal Industrial Development Corporation (WBIDC) is the lead agency of the Government of West Bengal for industrial development in the state. These industrial areas have attracted investment from leading companies and have helped create employment opportunities for local residents.
WBIDC has developed 18 industrial parks in West Bengal to date and a few more are in under construction phase.
Here is the list of a few Industrial Parks in West Bengal
- Salt Lake Electronics Complex
- Durgapur Steel City, Asansol-Durgapur Industrial Belt
- Howrah-Jalpaiguri Corridor
- Vidyasagar Industrial Park,Kharagpur, Paschim Medinipur
- Manikanchan, Salt Lake, Kolkata
- Raghunathpur Steel & Allied Industrial Park – I, Raghunathpur, Purulia
How to Buy Industrial Land in West Bengal
The West Bengal Industrial Development Corporation (WBIDC) is the nodal agency of the Government of West Bengal for promoting industrialization in the state. It provides infrastructure and other support to industries and also facilitates investment in industrial projects.
If you’re looking to buy industrial land in West Bengal, here’s what you need to know:
1. Search for suitable land: WBIDC has a wide range of plots available for sale across different districts in West Bengal. You can search for land according to your requirement on the WBIDC website.
2. Evaluate the land: Once you’ve shortlisted some plots, it’s important to get them evaluated by experts before making a purchase. This will help you understand the feasibility of setting up your industry on that particular piece of land.
3. Make an offer: Once you’ve decided on a plot, you can make an offer to WBIDC through the online portal or by submitting a physical application form. Your offer will be reviewed by the WBIDC team, and if it is accepted, you will be required to pay a deposit and sign an agreement.
4. Complete the purchase: Once all formalities are complete, you will be required to pay the balance amount and take possession of the land. You can then begin construction of your industrial unit on the plot.
The WBIDC is the primary agency in West Bengal, India responsible for promoting and facilitating industrial development in the state.
