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Goa’s Draft industrial policy promises 2 months permission process for small units

Updated: Jun 17, 2022 09:07:53am
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Goa’s Draft industrial policy promises 2 months permission process for small units

Panaji, June 17 (KNN) The Draft industrial policy of Goa guarantees two months of permission process to set up smaller industries in the state.

Unveiling the draft policy on Thursday, the Industries Minister Mauvin Godinho said that permission process will be made time bound, with three months for bigger industries and two months for smaller units.

To enhance the single window system and improve ease of doing business is the main aim of the draft Goa Industrial Growth and Investment Promotion Policy, 2022.

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Addressing the media, he explained the purpose of the policy which is to simplify the role of the Investment Promotion Board (IPB) as the single window system and create common application for all pre-establishment clearances, including land allotment through the Goa Industrial Development Corporation (GIDC).

The minister assured that in the GIDC's land allotment and the application made through the IPB proper transparency and predictability will be created.

The permission process will be made time bound, with three months for bigger industries and two months for smaller set ups, he said.

Sectors including - IT and ITes, high-end hospitality, niche tourism, food and agro-processing industries are the major sectors in focus under the policy.  (KNN Bureau)

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