Mitsubishi plans to build semiconductor factory in Bengal, meet cabinet ministers

Multinational giant Mitsubishi has expressed strong interest in setting up a semiconductor manufacturing factory in West Bengal, marking a major potential breakthrough for the state's high-tech industrial sector. Executives from the Japanese conglomerate held a high-level meeting at Nabanna on Wednesday with Finance Minister Swapan Dasgupta and Industries Minister Tapas Roy to discuss the ambitious proposal. Mitsubishi has already completed initial survey work, and the state government has offered potential land sites in either Panagarh or Dankuni for the upcoming plant. Company executives are scheduled to visit the state later this month for a final site inspection before making a definitive decision.

Simultaneously, Lux Industries Chairman Ashok Todi met with Chief Minister Suvendu Adhikari at Nabanna to finalise the expansion of their existing unit in Dankuni, Hooghly. Todi formally invited the Chief Minister to attend the foundation stone-laying ceremony scheduled for July 11. This event will be closely followed by another major industrial milestone on July 18, when Shyam Steel is set to lay the foundation stone for its factory expansion in Mejia, Bankura. Nabanna officials emphasize that these concurrent projects by established industrial groups reflect a rapidly reviving, investor-friendly ecosystem in the state that promises substantial employment generation.

Industries Minister Tapas Roy highlighted the administration's broader strategic shift toward modernizing traditional sectors like jute and tea while aggressively pursuing high-tech domains. Speaking at a merchant chamber event, Roy stated that the government's primary goal is to establish West Bengal as the premier investment hub in Eastern India by prioritizing artificial intelligence, data centers, semiconductors, and global capability centers. Following recent political changes, the state administration is actively restructuring administrative and infrastructure frameworks, and advanced discussions are currently underway with several other large corporate entities, including the Tata Group.