Govt clears 10 projects worth Rs 2,228 crore

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Panaji: The Goa Investment Promotion and Facilitation Board (Goa-IPB) has approved seven new projects and three projects for expansion with a proposed investment of Rs 2,228 crore and a potential to create 5,827 direct jobs.

The IPB’s 25th board meeting was held on Monday under the chairmanship of Chief Minister Pramod Sawant. Vice-chairman of the Board and Industries Minister Vishwajit Rane and other members were present at the meet.

The projects cleared by IPB are related to various industrial sectors like manufacturing, service, food processing, hospitality and pharmaceutical.

Speaking to reporters after the meeting, the Chief Minister said the Board will meet once a month to streamline investment proposals in the state. Sawant said seven new project proposals were approved during the meeting and added that the Board also discussed various other projects and issues. The IPB also held discussion on amendment of rules.

“The rules of IPB are being amended so that it becomes a real single window for the investors to pitch in with their project proposals. We have decided to fast-track the process of amending the rules,” he said.

Rane said the Board meeting discussed the crucial issue of synchronisation between Goa Industrial Development Corporation and IPB so that the investors can obtain speedy clearances for their projects in the state.