IPB approves projects of Rs 230 cr

Goemkarponn desk

PANAJI: The Goa Investment Promotion and Facilitation Board (IPB), in its 29th Board Meeting held today, approved four projects out of 10 projects with a total investment of Rs 230.05 crore.
The meeting chaired by Chief Minister Dr Pramod Sawant deliberated on 2 project proposals received before September 1, 2021, and 8 projects received through a new system of IPB. The board approved 4 out of 10 proposals and projected employment of 1489, with 82% proposed local employment.
It was informed that the projects are from light engineering, manufacturing sectors, agro-food processing and automobile service sectors. In 2021, IPB has made some notable achievements.
During the year 2021, IPB held 4 Board meetings approving projects with an investment of Rs. 832.12 crore in the state and projected employment of 3613, with 78% proposed local employment.
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.
IPB, with the support of Goa Industrial Development Corporation GIDC, has identified its land bank across various industrial estates in the state and released its first round of advertisements inviting project proposals across sectors.
The meeting was attended by MLA. Glenn Ticlo, Chief Secretary Shri.Parimal Rai, IAS, Secretary to CM Shri.Ashok Kumar IAS, Secretary, Revenue Shri.Sanjay Kumar, Director, Industries Smt.Swetika Sachan and other board members.


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