PANJIM: Industries Minister Mauvin Godinho on Thursday released the draft Goa Industrial Growth and Investment Promotion Policy 2022, with a focus on IT and ITeS, High-end Hospitality, Tourism and Food and Agro Processing industries.
Addressing a press conference, Godinho said that the endeavour of the government is to boost the industrial sector and encourage and help new industrialists to set up their industries in a big way in the State. He said that the focus of the policy is also to support the existing and local businesses and people; Ease of Doing Business reforms; Land related reforms and incentives for existing and new businesses and other provisions.
If you enjoyed reading this article, you can help support our journalism by adding OHeraldo as a preferred source.
Godinho said that four new focus sectors proposed are IT and ITes, High-end Hospitality; Niche Tourism and Food and Agro Processing and low polluting sectors that do not require large industrial land.
Stating that emphasis will be to attract good industries, he said, “Whosever wants to set up their industries in Goa it will be time-bound unlike the past when they use to consume a lot of time. The maximum time for bigger units will be three months and for small units, it will two months only. Also, the highlight of the policy is the common application form.”
The Industries Minister said that the local business will be given first preference in the expansion of their industries while inviting newer industries and helping generate employment and economic activity in the State.
The role of the Investment and Promotion Board (IPB) as single window will be strengthened and common application for all pre-establishment clearances including land allotment through GIDC will be created.
Godinho said that there will be transparency in the allotment of land and land bank will be made available online and allotted through the Goa Industrial Development Corporation (GIDC). For eco-tourism projects in non-restricted zones, land-use change will be simplified.
Also, an online database of private land parcels available on a lease basis for the development of industry and other commercial projects will be created so that investors can review and connect with the land owners directly. The government will facilitate clearance, he added.
The draft Goa Industrial Growth and Investment Promotion Policy 2022 is now open to the public for suggestions.
