**Executive Summary**
On June 10, 2026, a delegation from the Indian Chamber of Commerce (ICC) met with Union Minister Dr. Jitendra Singh to outline a plan to mobilise ₹1 lakh crore in investments for West Bengal. The meeting focused on fostering a tripartite collaboration between the ICC, the Union Government, and the West Bengal state government to accelerate economic growth. This initiative aims to strengthen institutional coordination and leverage private investment to enhance the state's industrial development.
**Key Points / Main Content**
**Investment and Economic Outlook**
* **Investment Target:** The ICC is working to facilitate ₹1 lakh crore in investments in West Bengal through its member companies.
* **Industry Confidence:** The proposed investments reflect a high level of industry confidence in the state’s economic potential and long-term growth.
* **Market Sentiment:** The delegation reported a renewed sense of optimism and positive energy within West Bengal, positioning it as a key investment destination.
**Strategic Collaboration**
* **Tripartite Engagement:** The ICC intends to collaborate closely with Union Ministries and the West Bengal state administration to support the state's development agenda.
* **Institutional Coordination:** Future efforts will focus on strengthening coordination between institutions and promoting greater industry participation in development initiatives.
* **Conducive Environment:** The document highlights the necessity of sustained engagement between industry and government to foster an environment suitable for investment and enterprise.
**Impact Analysis**
**Indian Chamber of Commerce (ICC)**
**Impact:** Acts as the primary facilitator for large-scale capital mobilisation and a bridge between private industry and government bodies.
**Action Required:** Coordinate with member companies to realise the ₹1 lakh crore investment and maintain active engagement with both Union and State authorities.
**Union Government (Ministry of Science & Technology / Dr. Jitendra Singh)**
**Impact:** Serves as a key facilitator for institutional coordination and provides the administrative support necessary to drive regional economic growth.
**Action Required:** Work closely with the ICC and the West Bengal government to support industrial development and streamline growth plans.
**Government of West Bengal**
**Impact:** Positioned as the primary beneficiary of significant private investment and renewed industrial interest, potentially leading to accelerated regional growth.
**Action Required:** Collaborate with the ICC and the Union Government to maintain a conducive environment for enterprise and support the implementation of investment initiatives.
Key Entities Referenced
Indian Chamber of Commerce (ICC): An industry body that outlined plans to mobilize ₹1 lakh crore in investments through its member companies.
Dr. Jitendra Singh: Union Minister of State (Independent Charge) for Science and Technology who met with the delegation to discuss investment initiatives and industrial development.
West Bengal: The primary state of focus for the proposed ₹1 lakh crore investment and economic growth initiatives.
Ministry of Science & Technology: The Union Ministry overseeing the coordination between the government and the industry body regarding developmental initiatives.
Ministry of Science & Technology
Indian Chamber of Commerce (ICC) Delegation
Calls on Union Minister Dr. Jitendra Singh
Industry body outlines plans to mobilise ₹1 lakh crore
investments in West Bengal through member companies
प्रव तथ: 10 JUN 2026 5:00PM by PIB Delhi
An Indian Chamber of Commerce (ICC) delegation led by its President Brij Bhushan Aggarwal called on
Union Minister of State (Independent Charge) for Science and Technology; Earth Sciences and Minister of
State for PMO, Department of Atomic Energy, Department of Space, Personnel, Public Grievances and
Pensions, Dr. Jitendra Singh in New Delhi today and apprised him of the chamber’s investment initiatives
in West Bengal, while expressing its intent to collaborate with the Centre and the state government to
support the state's growth and development agenda.
During the meeting, the ICC informed the Minister that it is working towards facilitating investments
worth ₹1 lakh crore in West Bengal through its member companies. The chamber said the proposed
investments reflect industry confidence in the state’s economic potential and long-term growth
opportunities.
The delegation conveyed that West Bengal is witnessing a renewed sense of optimism and positive energy,
which, in its assessment, could help accelerate economic growth and strengthen the state's position as a
key investment destination. ICC highlighted the importance of sustained engagement between industry,
the Union Government and the state administration in fostering a conducive environment for investment
and enterprise.
Looking ahead, the chamber expressed its willingness to work closely with Minister Dr. Jitendra Singh,
various Union Ministries and the Government of West Bengal to facilitate investment, support industrial
development and contribute to the state's growth plans. The proposed collaboration is expected to focus on
strengthening institutional coordination and promoting greater industry participation in development
initiatives.
The interaction reflects continued efforts to strengthen industry-government partnerships and leverage
private investment to drive regional economic growth and development.
Pertinent to mention that ICC is one of India's oldest Chamber of Commerce, with headquarters in
Kolkata and having been established in 1925 by Ghanshyam Das Birla and some other industrialists of the
time.PHOTO - Indian Chamber of Commerce (ICC) delegation led by its President Brij Bhushan
Aggarwal calling on Union Minister Dr Jitendra Singh at New Delhi on Wednesday.******
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