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E-mail ID will not be published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

  • Winter rains that have destroyed rabi crops are bound to take their toll

    Farmers are distressed. Many of them are staring at bankruptcy and most remain unsure how they would feed themselves, their families and cattle.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Today's Columns

BK Chaturvedi

Size does not matter, efficiency does

On assumption of office, prime minister Modi had emphasised the ...

Zehra Naqvi

Don’t let society decide your life’s framework

Our lives are nothing but a series of relationships, and ...

Dharmendra Khandal

The gigantic tales of mother nature

In Namdapha tiger reserve, Arunachal Pradesh, our guide was looking ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture