TheGoa Promotion and Facilitation Board(IPB) met on Thursday and cleared four investment proposals, which could bring in Rs 230 crore of investment to the state and also createjobsfor 1,489 people.
Chief ministerPramod Sawant, who chaired the meeting, said that the projects would benefit Goa immensely.
The investment proposals are for Light engineering firms, manufacturing, agro-Food Processing and an automotive service facility.
In the entire year, IPB has conducted just four board meetings and has approved projects with an investment of Rs 832.1 cr and which could create EMPLOYMENT for 3613 individuals. IPB said that 78% of these jobs will go to locals.
IPB is also in the process of drafting new rules and regulations under the new Goa Investment Promotion and Facilitation of Single Window Clearance Act, 2021. The board, which is headed by Sawant, has already approved a new methodology for land allotment, which uses a points-based system to evaluate project proposals. The investment score is then evaluated against the advertised land bank in the state.
The board has already identified unused land across various industrial estates in Goa and has invited project proposals from potential investors.