Goa set up Investment Promotion Board (IPB) for fast approvals to industrial proposals and has already cleared 62 proposals with investment of Rs 5,200 crore.
Benefit: It will enable invigorating the investment climate, which went through bad phase before 2015.
- The state wants to learn from counterparts like Gujarat where investment proposals are cleared at much quicker pace.
- Industry bodies like Goa Chamber of Commerce and Industry have been pressing for incentives like sales and income tax benefits.
Key Persons:
- National Council for Small and Medium Entrepreneurs Chairman: Manguirish Pai Raikar
- IPB Chief Executive Officer: Ashton Godinho
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