Goa Affairs
The state cabinet granted approval to the Goa InvestmentPromotionand Facilitation of Single WindowClearanceBill, 2021, to attract investors in the state.
The bill provides for the creation of an administrative and operation framework for the GoaInvestmentPromotion and FacilitationBoardas asingle-windowclearance facilitation mechanism. The prime objective is to ensure that clearance, licences, permissions and approvals are granted in a time-bound manner under relevant state laws so as to provide an investor friendly Environment in the state.
The government had formulated the Goa Policy, 2014, which envisaged a legal framework to be established through an act.
The cabinet note said that the State Government felt a need to enact a new law that would result in investors choosing the Goa as a preferred destination for setting up their projects.
The state government had constituted a special task force committee to revive and suggest necessary amendments in the Goa Investment Promotion Act, 2014.