Panaji: The Goa Investment Promotion Board (IPB) convened a meeting on Thursday to assess ongoing investment endeavors and approved modifications to proposals previously granted provisional approval. "The session, overseen by chief minister Pramod Sawant, aimed to evaluate older projects," stated Swetika Sachan, the board's CEO. Sources reported that the board sanctioned ONGC's plea to expand the land area for the Betul facility. Sawant also examined the progress of reforms within different departments for the Business Reforms Action Plan (BRAP). He urged for expedited processing of pending reforms to ensure efficient BRAP implementation. "The CM also instructed the board to initiate reviews of former projects that are stalled, suspended, or defunct due to insolvency. Many investments remain inactive as a result of promoters' demise or departure, and upon identifying such cases, permissions may be revoked," disclosed a source. Additionally, the board tasked investment officers with providing guidance to projects endorsed during the 36th board session held in July. While 20 projects were discussed, only 12 were approved. These 12 projects, which are expected to attract investments totaling Rs 1,324 crore, encompass sectors such as electronics, logistics, pharmaceuticals, auto components, education, and packaging.