Panaji: After a long hiatus, the Goa Investment Promotion
Board met on Monday at the secretariat where 15 investment projects were cleared by the board, which is headed by CM Pramod Sawant, who could not take up additional investment projects due to the lack of industrial land in the state.

Most of the cleared projects were from the manufacturing sector which
approached the state government for permission to expand their project.

“There is a shortage of industrial plots and thus the board cannot confirm any more projects due to land unavailability. There are many good projects that have come up, but because of shortage of land the projects could not be taken up,” said a board member.

CM has directed the board to work out a proper procedure for allotment of land and to also identify vacant plots in the industrial estate for new investment projects. The board agreed to clear investment projects that already own private land. Companies looking to manufacture and sell pre-mix concrete and other construction products will no longer be allotted land in industrial estates and will be encouraged to set up in their own private land.

The board also deliberated on the need for a proper procedure to evaluate investment projects and the allotment of land for projects. The board members also gave the go-ahead for a new investment policy to be prepared for which a sub-committee will be constituted.

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