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IPB CEO resigns blaming ‘red-tapism’





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Panaji: Goa Investment Promotion (IPB) Board CEO Vishal Prakash on Tuesday resigned from the post blaming ‘red tapism’.

He has also resigned from the post of Startup Promotion Cell CEO, the additional charge he was holding.

“I believed that my expertise and skill-sets would bring about a change in the functioning of Goa-IPB which is the showcase organisation for anyone looking to invest in Goa. However, that’s not been the case and I have been bogged down by the same red-tapism that business complain about,” Prakash said in his resignation letter to Chief Minister Dr Pramod Sawant.

Sawant is the chairman of IPB, which was set up in 2014.

 “I genuinely believed that Goa was taking the lead in attracting talent from the private sector and that freshness of thoughts and working styles could transform the below par image of the state from an investors perspective,” Prakash said.

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