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Japanese conglomerate Mitsubishi has expressed interest in establishing a semiconductor manufacturing plant in West Bengal, marking a potential boost for the state's advanced manufacturing ambitions. The proposed facility could be located in Durgapur or Panagarh, with further discussions scheduled later this month. The state government said it is preparing a new industrial policy and incentive framework to attract investments in semiconductors, artificial intelligence, data centres and other sunrise sectors while positioning West Bengal as eastern India's preferred investment destination.
Japanese conglomerate Mitsubishi has expressed interest in setting up a semiconductor manufacturing plant in West Bengal, signalling a potential investment that could strengthen the state's ambitions to emerge as a hub for advanced manufacturing and electronics. The proposal was disclosed by West Bengal's Minister for Industry, Commerce and Enterprises, Tapas Roy, following a meeting with representatives of the company in Kolkata.
According to the minister, a delegation from Mitsubishi met senior state government officials, including the finance minister, and conveyed its willingness to establish a semiconductor facility in the state. The government has identified Durgapur and Panagarh as potential locations for the project, with land available at either site. Company officials are expected to return later this month to continue discussions and assess the proposed locations before taking the proposal forward.
While financial details, project timelines and the proposed production capacity have not been disclosed, the development represents a significant step in West Bengal's efforts to attract investments in high-technology manufacturing. Semiconductor production has become a strategic priority for India as the country seeks to reduce dependence on imports and build a domestic electronics manufacturing ecosystem.
The state government said it is working to position West Bengal as the preferred investment destination in eastern India by improving ease of doing business, strengthening industry partnerships and introducing competitive industrial incentives. A draft industrial policy is currently under preparation and is expected to be announced shortly, alongside measures aimed at boosting investment and revenue generation.
Beyond semiconductors, the proposed policy will focus on promoting sunrise industries such as artificial intelligence, data centres and Global Capability Centres (GCCs), while also supporting the modernisation of traditional sectors including jute and tea. The government also plans to develop industrial clusters and corridors, strengthen the single-window clearance mechanism and encourage start-up growth in emerging technology sectors.
Officials said West Bengal intends to offer industrial incentives that remain competitive with those provided by other states to improve its attractiveness for large-scale manufacturing projects. The government also indicated that profitable public sector undertakings could be considered for stock market listing as part of broader economic reforms, while assuring investors of a stable business environment.
If the proposed investment materialises, it would represent an important addition to India's expanding semiconductor ecosystem and could support employment generation, technology development and industrial diversification in eastern India. The discussions also reflect growing interest among global companies in participating in India's semiconductor manufacturing drive, supported by policy initiatives aimed at strengthening domestic electronics production and attracting strategic investments into the sector.
Source - PTI
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