Investment organization assesses projects, facilitates rapid 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 assess pending investment projects and approve changes to proposals previously granted in-principle approval. The meeting, led by chief minister Pramod Sawant, focused on reviewing older projects, with the board's CEO Swetika Sachan confirming this. ONGC's request to expand the land for the Betul facility was approved during the meeting. Chief Minister Sawant also evaluated reforms by various departments under the Business Reforms Action Plan (BRAP) and instructed for the timely completion of pending reforms. Additionally, Sawant instructed the board to assess and potentially revoke permissions for old projects that are stagnant, halted, or closed due to reasons like bankruptcy or the absence of project promoters. The board further instructed investment officers to support projects approved at the 36th board meeting held in July. Out of the 20 projects discussed, only 12 were given the green light. These approved projects, which are expected to attract an investment of Rs 1,324 crore, span industries such as electronics, logistics, pharmaceuticals, auto components, education, and packaging.