Pictures by Sanchita Chatterjee, BS News Agency.
Sanchita Chatterjee, BS News Agency, Kolkata: Shri Lalit Beriwala, Director of Shyam Steel Group, has welcomed the West Bengal Budget 2026-27, presented in the West Bengal Legislative Assembly on June 22, 2026, by Finance Minister Dr. Swapan Dasgupta, describing it as “the best budget ever presented by any finance minister in the post-independence era in West Bengal.”
According to Beriwala, the budget marks a significant shift in the state's economic and industrial policy framework, signalling a decisive break from past approaches and laying the foundation for accelerated industrialization and infrastructure-led growth.
One of the most noteworthy announcements, he said, is the allocation of Rs. 5,000 crore towards industrial incentives. Calling it a first-of-its-kind initiative in the state's history, Beriwala noted that the provision is expected to attract fresh investments, encourage industrial expansion and strengthen West Bengal’s position as a preferred destination for manufacturing and business.
“The Finance Minister’s announcement of Rs. 5,000 crore for industrial incentives is a highly progressive measure. It reflects the government’s commitment to creating a conducive environment for investment and industrial development,” he stated.
Beriwala also welcomed the government’s decision to re-examine the Urban Land (Ceiling & Regulation) Act, 1976, describing it as a crucial reform that could help remove long-standing barriers to industrial growth. He pointed out that most Indian states have already scrapped the legislation and that revisiting the law in West Bengal could unlock significant opportunities across sectors.
Another key reform highlighted by the Shyam Steel Director is the proposal to eliminate the requirement for additional clearances at the Panchayat level for projects involving investments of up to Rs. 100 crore. He said the move would improve the ease of doing business, reduce procedural delays and facilitate faster project implementation.
Beriwala further praised the budget’s strong emphasis on infrastructure development. Major announcements relating to bridges, shipyards, deep seaports, elevated corridors, rural housing, medical colleges and road network expansion are expected to generate substantial demand for steel, cement and other construction materials.
“The infrastructure push outlined in the budget will stimulate economic activity across sectors and create significant opportunities for industries involved in construction and manufacturing. It will particularly benefit West Bengal-based steel, cement and building materials companies,” he said.
Expressing support for the broader development vision of the state government, Beriwala said the budget aligns with the national objective of ‘Viksit Bharat 2047’ and reflects the newly elected state government's commitment to transforming West Bengal into a developed and industrially vibrant state.
“Aligned with the vision of Viksit Bharat 2047, the West Bengal Budget 2026-27 is a testament to the government’s commitment to building a ‘Viksit Bangla’. We wholeheartedly welcome the budget proposals and reaffirm Shyam Steel Group’s commitment to supporting the state’s development agenda,” Beriwala added.
Industry observers believe that the budget’s focus on investment promotion, regulatory reforms and large-scale infrastructure development could provide a significant boost to economic growth and strengthen West Bengal’s industrial ecosystem in the years ahead.