Investment agency evaluates projects, pushes for expedited reform efforts
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 discuss and approve changes to investment projects that had received preliminary approval. Chief Minister Pramod Sawant presided over the meeting, which aimed to review past projects. The board agreed to ONGC's request to expand its Betul facility. Additionally, Sawant assessed the progress of reforms outlined in the Business Reforms Action Plan (BRAP) by various departments and urged for the expedited implementation of pending reforms. The board was tasked with reassessing older projects that are inactive due to various reasons such as bankruptcy, and may potentially revoke permissions for such cases. Furthermore, investment officers were instructed to provide support to projects approved at the 36th board meeting held in July. Out of 20 projects discussed, only 12 were approved, with an expected investment of Rs 1,324 crore across sectors like electronics, logistics, pharmaceuticals, auto components, education, and packaging.