the goan I network
PANAJI
The Goa government’s Investment Promotion Board on Saturday deferred a decision on two proposals to build marinas in the State for July 28, even as it cleared three other industrial investments amounting to Rs 385 crore.
The IPB meeting chaired by Chief Minister Manohar Parrikar on Saturday was scheduled to review the marina projects of Yacht Heaven and Kargwal Construction but pushed it forward for review and decision to the next meeting now slated to be held on July 28, after the Monsoon Session of the Goa Legislative Assembly.
Both the marina proposals, one at Sancoale and the other at Nauxim, date back to 2015. These were approved by the IPB but permissions were subsequently withdrawn after stiff opposition from local fishing communities. Also, these were to come up in non-development zones in Coastal Regulatory Zone areas.
Meanwhile, among the industrial investments approved by the IPB on Saturday is one of Unichem Laboratories for a biotech products facility in Latambarcem industrial estate in Bicholim, where the company is proposing to invest Rs 320 crore. IPB sources said the facility to manufacture biotech products will create over 400 jobs.
Another company, whose two proposals were cleared by the IPB on Saturday, is M/s S4E (System 4 Ever) which is planning to set up an unit to make speed and patrol boats at the Tuem industrial estate. The investment is worth Rs 65 crore and the promoters are claiming that some 125 jobs will be up for grabs.
The IPB chaired by the chief minister, meanwhile, also approved the single-window clearance mechanism which aims to cut bureaucratic red-tape which is the prime reason why businesses and big investors normally shy away from setting up shop in the State.
A single-window system has eluded Goa’s business and investment licencing
