Thursday, February 4, 2016

Goa sets up Investment Promotion Board for fast approvals

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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