"Review of Investments by Organization Prompts Accelerated Implementation of Reforms"
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) held a meeting to review pending investment projects and approved changes to previously granted proposals. Chaired by Chief Minister Pramod Sawant, the meeting focused on reviewing older projects, with CEO Swetika Sachan overseeing the proceedings. Among the decisions made, the board approved ONGC's request to expand the land for the Betul facility. Chief Minister Sawant also evaluated reforms carried out by various departments under the Business Reforms Action Plan (BRAP) and urged for prompt implementation of pending reforms. Additionally, Sawant instructed the board to assess old projects that are stuck, stalled, or inactive due to reasons like bankruptcy. The board also tasked investment officers to provide support to the projects approved during the July meeting. Out of the 20 projects discussed, 12 were given the green light, with an expected investment of Rs 1,324 crore across sectors like electronics, logistics, pharmaceuticals, auto components, education, and packaging.