Investment organization evaluates initiatives and advocates for accelerated 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 on Thursday to review outstanding investment projects and approved amendments to previously provisionally approved proposals. Chaired by Chief Minister Pramod Sawant, the meeting focused on assessing existing projects, revealed IPB CEO Swetika Sachan. The board granted ONGC's request to expand the Betul facility's land area and Sawant oversaw various departmental reforms under the Business Reforms Action Plan (BRAP), urging prompt execution of pending reforms. Sawant tasked the board with examining older projects that are either stuck, halted, or abandoned due to insolvency, proposing possible permission revocation in certain cases. Additionally, the board instructed investment officers to support projects endorsed during the 36th board meeting held in July, where 20 projects were discussed with only 12 receiving approval. These 12 projects, anticipated to bring in Rs 1,324 crore in investment, span sectors such as electronics, logistics, pharmaceuticals, auto components, education, and packaging.