en.Wedoany.com Reported - Mitsubishi Chemical Group is in discussions with the government of India's West Bengal state regarding investments in the semiconductor sector.
West Bengal's Minister of Industry, Tapas Roy, stated that senior representatives of the Japanese company met with state government officials in Nabanna on Wednesday to explore investment opportunities. Speaking on the sidelines of an event organized by the Merchants' Chamber of Commerce and Industry, Roy said: "We held a meeting with key representatives of Mitsubishi in Nabanna today. They are keen to establish a semiconductor plant. They will visit again in the fourth week of this month."
Mitsubishi Chemical Group, with an annual revenue of 3.704 trillion yen (over $220 billion) in fiscal year 2025 (FY25), operates in advanced materials, specialty chemicals, and industrial solutions. In the semiconductor industry, the company supplies critical process materials and consumables used in wafer manufacturing, making it a key player in the global chip ecosystem.
Roy indicated that attracting semiconductor investment is a priority for the state government, with plans announced in last month's budget to establish a semiconductor manufacturing plant in Durgapur. He noted that the proposed project requires relatively limited land, and Durgapur and Panagarh are the preferred locations the government can offer to investors.
Mitsubishi has previously made significant investments in West Bengal. MCC PTA India Corp, a subsidiary of Mitsubishi Chemical Corporation, was established in 1997, marking the beginning of major Japanese investment in the state. The plant in Haldia, which produces purified terephthalic acid (PTA) used in manufacturing products like polyethylene terephthalate (PET) bottles, commenced operations in 2000. The Japanese giant sold the company to The Chatterjee Group in 2016, exiting the business.
West Bengal faces competition from other states seeking to establish semiconductor manufacturing ecosystems. A delegation from Mitsubishi Chemical Group also met with Assam's Chief Minister, Himanta Biswa Sarma, on Tuesday to discuss potential investments in the semiconductor and chemical engineering sectors in Assam.
Industry executives stated that policy clarity and competitive incentive packages will be key factors influencing the company's investment decisions. Roy said the state government is finalizing the 50 billion rupee investment promotion framework announced in the budget. He stated: "The budget has strongly focused on industry through the 50 billion rupee investment promotion framework. There is also a focus on developing a global capability center ecosystem, incentives for AI data centers, and a startup policy expected within three months." Roy reiterated the state's broader industrial strategy, stating that the government aims to position West Bengal as a leading manufacturing and investment destination by 2030.
