Review of investment projects by regulatory body leads to acceleration of reform measures
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) recently convened to assess ongoing investment initiatives and endorsed modifications to previously approved proposals. Chaired by Chief Minister Pramod Sawant, the meeting focused on revisiting older projects, with CEO Swetika Sachan stating the board's objective. The IPB granted ONGC's request to expand the Betul facility and Sawant emphasized the importance of expediting pending reforms for effective implementation of the Business Reforms Action Plan (BRAP). Additionally, the board's attention was drawn to reviewing antiquated projects affected by various issues, with potential revocation of permissions in certain cases. Investment officers were instructed to closely monitor projects approved at the latest meeting, where 12 out of 20 proposals were given the green light. These approved projects, totaling Rs 1,324 crore in investments, span industries like electronics, logistics, pharmaceuticals, auto components, education, and packaging.