Review of projects by investment organization leads to acceleration in reform implementation
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 review pending investment projects and update previously approved proposals. Chaired by Chief Minister Pramod Sawant, the meeting focused on older projects. The board approved ONGC’s request to expand the Betul facility and Chief Minister Sawant monitored the implementation of reforms outlined in the Business Reforms Action Plan (BRAP). He urged for prompt execution of pending reforms. The board was tasked with reviewing projects that have been stalled due to various reasons, including bankruptcy. Investment officers were instructed to support projects approved at the previous meeting, where only 12 out of 20 projects were cleared. These projects, totaling Rs 1,324 crore in investment, span various sectors such as electronics, logistics, pharmaceuticals, auto components, education, and packaging.