With the modernization of agriculture, it was felt that more and more fertilizer, seeds, pesticides will be needed and demand for appropriate farm machinery, agricultural implements/equipment will be increased so as to enable the farmers of the State to perform different operations efficiently to increase the agricultural production. This required development of agro based industries.
Towards these objectives, Government of India took initiative for setting up Agro Industries Corporation in various states and accordingly West Bengal Agro Industries Corporation Ltd. (WBAIC) was established in the State of West Bengal. WBAIC was incorporated under the Companies Act, 1956 on 16th August, 1968. Earlier, Govt. of India and Govt. of West Bengal had contributed towards paid-up share capital...read more