GIPB clears investment proposals worth Rs 64.4 cr

The 30th Board meeting of GIPB was chaired by Chief Minister Dr Pramod Sawant, at Paryatan Bhavan, Patto-Panjim

Team Herald

PANJIM: The Goa Investment Promotion and facilitation Board (GIPB) on Monday approved five out of six proposals (out of which two were expansion projects) with a total investment of Rs 64.4 crore and projected employment of 311 with 52 per cent proposed local employment. 

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The 30th Board meeting of GIPB was chaired by Chief Minister Dr Pramod Sawant, at Paryatan Bhavan, Patto-Panjim.

The projects are from the manufacturing, agro-food processing, hospitality and construction sectors. The Board also deliberated on five projects which were previously approved for administrative issues.

The Board proposed to create a database of private land parcels that may be available for industrial use by inviting interests from owners of such land. Goa IPB will act as a liaison between interested landowners and prospective investors and provide necessary facilitation.

The Board has also proposed to undertake investment promotion activities and proactively approach big investors once the industrial policy is notified and necessary infrastructure development work is underway. This will help to create new employment opportunities in the State.

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The meeting was attended by Industries Minister Mauvin Godinho; GIDC Chairman and MLA Aleixo Reginaldo Lourenco; Chief Secretary Puneet Kumar Goel, IAS; Secretary (Industries Trade and Commerce) Dr V Candavelou, IAS; Director of Industries, Trade and Commerce Swetika Sachan, IAS and other Board members.

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