Review of Investments by Organization Leads to Acceleration of 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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The Goa Investment Promotion Board (IPB) convened a meeting in Panaji to review pending investment projects and approved changes to previously granted proposals. Chaired by chief minister Pramod Sawant, the meeting focused on older projects. The board also greenlit ONGC's request to expand its Betul facility and discussed reforms under the Business Reforms Action Plan (BRAP). Sawant instructed departments to speed up pending reforms for BRAP's effective implementation. Additionally, the board plans to review old projects that are stuck, stalled, or abandoned due to various reasons, with the possibility of revoking permissions where necessary. Investment officers were tasked with supporting projects approved at the 36th board meeting, where 12 out of 20 projects were cleared, totaling an investment of Rs 1,324 crore across sectors like electronics, logistics, pharmaceuticals, auto components, education, and packaging.