Goa govt unveils draft Industrial Growth and Investment Promotion Policy

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Panaji: Goa government on Thursday unveiled draft Goa Industrial Growth and Investment Promotion Policy, 2022 which aims to strengthen the Special Purpose Vehicle as the single window.

State Industries Minister Mauvin Godinho told reporters in Panaji that the policy aims to simplify the role of Investment Promotion Board (IPB) as the Single Window System and create common application for all pre-establishment clearances, including land allotment through Goa Industrial Development Corporation (GIDC).

GIDC Chairman Aleixo Reginaldo Lourenco was also present for the press conference.

The draft policy highlights simplification of online systems and application process, Re-engineering of all department services to reduce timeline and simplify forms.

Godinho said that the policy will have transparency and predictability in GIDC land allotment and the application made through IPB. “Entire land bank to be made available online and allotted through GIDC,” the minister said.

He said that the entire permission process will be made time bound, with three months for the bigger industries and two months for smaller.

The policy has its focus sectors including – IT and ITes, High-End Hospitality, Niche Tourism, Food and Agro Processing industries, Godinho said.

The minister said that the policy focuses on Fiscal and non-Fiscal support for local businesses and private players. “The government will conduct Training programmes for skilling and entrepreneurship development for local incentive for industry offering placements.”

The policy aims to have simplification of land-related clearances for local land owners to use private land for industry, eco-tourism, entertainment and other projects aligned with focus sectors of the state, he added.

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