Goa Cabinet approves Investment Policy

Tags: News
Goa Cabinet has approved the state Investment Policy that expects to generate 50,000 jobs and attract Rs 25,000 crore investment in next five years.

The policy, which was formulated by a task force comprising of industry stake holders and experts, will replace the decade-old Goa Industrial Policy, state Chief Minister Manohar Parrikar said yesterday.

It plans to promote tourism, information technology and health related industries, which are non-polluting sectors, he said.

"An Investment Promotion Board will also be formed and government will issue Ordinance for that in next two-three weeks," Parrikar said.

"The investment promotion board will be a fully empowered statutory body, headed by a chief executive officer and supported by a team. The board will be non-executive and include nine members from the industry," he said.

It will be headed by chief minister while deputy chief minister will be its joint chairperson, industries minister the vice-chairperson, and tourism minister and information technology minister will be its members.

The Board will provide and facilitate approvals from the Goa government and its agencies. It will also assist in getting clearances from the Central government, the CM said.

The investment policy will emphasise on better quality of infrastructure and logistics so that investment can be attracted without much efforts, Parrikar said.

The state plans round-the-clock high quality power supply to the industries.

Goa will acquire more land to set up industries in various parts of the state, he added.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Tighter disclosure norms will help public shareholders

    The Securities and Exchange Board of India (Sebi) has proposed changes in listing agreements between companies and stock exchanges, laying down manage

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Nigavekar

Why UGC must focus on quality

In a vast country like India, where there are pressures ...

Zehra Naqvi

The on-off switch to consciousness

Human consciousness is a complex concept, one that has been ...

Dharmendra Khandal

Religion and conservation must go hand in hand

In 1986, former president of WWF International, HRH Prince Philip, ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture