"Review of Investment Projects Leads to Directive for Reform Acceleration"
Panaji: The Goa Investment Promotion Board (IPB) met on Thursday to review pending investment projects and ratified changes to proposals that were granted in-principle approval. “The meeting, chaire...
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In Panaji, the Goa Investment Promotion Board (IPB) convened a meeting to review investment projects and approved changes to previously granted proposals. The meeting, led by Chief Minister Pramod Sawant, focused on revisiting older projects. The board granted ONGC's request to expand the Betul facility. Additionally, Sawant assessed departmental reforms under the Business Reforms Action Plan (BRAP) and instructed expedited implementation of pending reforms. The CM also instructed the board to reexamine older projects facing issues like delays, stagnation, or closure due to bankruptcy, with a plan to potentially revoke permissions in such cases. Investment officers were tasked with assisting projects approved in the previous board meeting, where only 12 out of 20 projects were cleared, totaling Rs 1,324 crore in investment across sectors like electronics, logistics, pharmaceuticals, auto components, education, and packaging.