The KPMG-CII team formally handed over a copy of the report to Chief Minister Buddhadeb Bhattacharjee at the Writers’ Buildings here on Friday.

It took the researchers four months to prepare the report, which takes into account opinions of state’s industrialists, bureaucrats, media, and was conducted in Kolkata, Kharagpur, Midnapore, Siliguri and Jalpaiguri. Calling for expediting the industrialisation process in the state, the study states that while “West Bengal has fertile farm-land, mineral resources, a rich-cultural heritage, and a huge pool of intellect. What it does not have is ‘time’.”

The important recommendations made in the report:
* To draft a land policy for the state. “Industrialists would prefer clarity on where they can look forward to setting up industries... People living in the areas identified as industrial land also need to understand the various options of compensation that they would receive, if and when such land is acquired... An informed decision, rather than emotional outbursts, would help in achieving the right win-win situation,” the study says.
* Framing guidelines for contract farming, partnership farming, and appointment of a contract-farming regulator.
* Investor-friendly attitude should be inculcated within bureaucracy.