KPMG criteria for Goa to be different: IPB

Says Goa’s land base smaller than other States rrthe goan I networkrPANAJI r rWhen asked why the need for a different evaluation model was felt, Chief Executive Officer, IPB, Ashton Godinho, said, “Goa is a very different state from other states of India. For example, the land-base in Goa is much smaller than in most parts of India. When it comes to evaluating an investment proposal in Goa, land should be either the most important criterion or perhaps the second most important.” rHe continued, “Other states, like Maharashtra and Andhra-Pradesh, have huge land-bank. And, therefore, land doesn’t become much of an issue, while assessing a proposal there. But, that’s not the case with Goa with its smaller land-bank and delicate ecology.” rThis will not be the first time that KPMG will be having a specific evaluation model for Goa, as it already has such a provision for Maharashtra. rGodinho further said, “For assessing investment proposals, the key thing in Goa is how much employment they can generate per square meter of land and how much investment they can bring in per square meter of land. This is the reason we prefer high technology industry, as their value tends to be higher.” rKPMG will also do a workshop with the board members of IPB to detail the evaluation model. Godinho added, “There will be score for investment proposals under various parameters. Projects, which don’t reach a minimum cut-off, will not be considered at all. Moreover, an objective process like this will also do away with subjectivity in evaluating projects.” KPMG is not yet on board with IPB as a satellite consultant. Godinho said, “We expect KPMG to come on board in August. They will start evaluating projects once they are on-board. Their contract with us is for a year, but it is extendable.”