PANJIM: The Goa Investment Promotion and Facilitation Board (IPB) in its 29th board meeting on Thursday, chaired by Chief Minister Dr Pramod Sawant approved four out of 10 proposals with a total investment of Rs 230.5 crore and projected employment of 1,489 with 82 per cent proposed local employment.
The Board deliberated on two project proposals received prior to September 1, 2021 and eight projects received through new system of IPB.
The projects are from light engineering, manufacturing sectors, agro-food processing and automobile service sectors.
In 2021, the IPB has made some significant achievements. Some of these are in 2021, the IPB conducted four Board meetings approving projects with total investment of Rs 832.12 crore in the State and projected employment of 3,613, with 78 per cent proposed local employment. Also, the IPB notified its new Act — The Goa Investment Promotion and Facilitation of Single Window Clearance Act, 2021 and is in the process of drafting new rules and regulations for the same.
The IPB, with the help of Goa Industrial Development Corporation (GIDC), identified its land bank across various industrial estates in the State and released its first round of advertisement inviting project proposals across sectors.
The press statement by the IPB said that during its 27th meeting, dated September 1, 2021, the Board approved a new methodology for land allotment. The new methodology utilises a point system to evaluate and score project proposals received against the advertised land bank of IPB. The online system was also revamped and the investors were invited to view the list of plots advertised by the IPB and submit their applications using the new system.
