Investment Promotion Board to offer single-window clearance for new projects in Goa, says Chief Minister Pramod Sawant

Goa chief minister Pramod Sawant, who heads the IPB, told reporters that it has been decided to eradicate the cumbersome processes that were delaying the clearance of various investment proposals presented before the board.

Press Trust of India October 16, 2019 11:46:36 IST
Investment Promotion Board to offer single-window clearance for new projects in Goa, says Chief Minister Pramod Sawant
  • The IPB would be a single-window system where the investor can present his proposal and get all the clearances without having to go through other processes

  • Goa chief minister said that the investor will have to submit his proposal to IPB, fifteen days prior to the scheduled board meeting

  • The chief minister said that IPB currently is processing 23 projects of which 19 are willing to go ahead with the proposals

Panaji: State-run Investment Promotion Board (IPB) on Tuesday said it has decided to offer single-window clearance for new projects in its bid to attract investment in Goa. IPB has decided to do away with several processes, making the body single window clearance for the projects.

Goa chief minister Pramod Sawant, who heads the IPB, told reporters that it has been decided to eradicate the cumbersome processes that were delaying the clearance of various investment proposals presented before the board.

In the real sense, the IPB would be a single-window system where the investor can present his proposal and get all the clearances without having to go through other processes, he said.

Investment Promotion Board to offer singlewindow clearance for new projects in Goa says Chief Minister Pramod Sawant

Goa CM Pramod Sawant.

Sawant was addressing reporters on the sidelines of the press meet held to announce three-day-long Vibrant Goa Global Expo and Summit that would be held between 17-19 October near here.

The chief minister said that the investor will have to submit his proposal to IPB, fifteen days prior to the scheduled board meeting, which would be scrutinized by the consultants before placing it before the board meeting.

The board meeting will give final clearance to the proposal so that in next fortnight he can start construction of his project. The construction licences for the projects cleared by IPB would be made available within a fortnight, Sawant said.

He stated that the State government is intending to amend the Panchayat Raj Act which will give powers to the IPB to give construction licences to these projects.

The chief minister said that IPB currently is processing 23 projects of which 19 are willing to go ahead with the proposals while four have lost interest due to delayed processes.

Updated Date:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

FIPB clears Tata, Westland proposal to assemble choppers
Business

FIPB clears Tata, Westland proposal to assemble choppers

The Foreign Investment Promotion Board (FIPB) in its meeting on September 19 approved the proposal of Indian Rotorcraft, which is a joint venture between Tata Sons (74 percent) and Augusta Westland (26 percent).

Govt clears 20 FDI proposals worth Rs 1,935 cr
Economy

Govt clears 20 FDI proposals worth Rs 1,935 cr

The government today approved 20 foreign direct investment proposals, including that of Sterlite Grid, Equitas Micro Finance and TV Vision, envisaging total investment of Rs 1,935.24 crore.

Govt clears Vodafone's Rs 2,700 cr stake buy in Essar JV
Business

Govt clears Vodafone's Rs 2,700 cr stake buy in Essar JV

The Rs 2,700-crore transaction is for transfer of shares of Vodafone Essar from Mauritius based Essar Communications and Essar Com Ltd to Euro Pacific Securities - an indirect Mauritius based subsidiary of Vodafone International Holdings.