Saturday 31 Oct 2020

Sawant woos US companies with quick clearances



Beseeched with the investment climate gloom due to the pandemic, Goa is seemingly pinning its hopes on American companies keen to invest in India as Chief Minister Pramod Sawant said the State will lay the red-carpet for them. 

Sawant who addressed an event of the Indo-American Chamber of Commerce in the capital city at the weekend said those US companies willing to invest via the 100 percent direct investment route will be facilitated by single-window clearances.

"The Investment Promotion Board will facilitate such investment on a priority basis and offer clearances through a single-window system," Sawant said while hard-selling Goa as a strategic location with connectivity to Europe.

He listed out Information Technology, electronics, film city development and the education and knowledge sectors as some of the areas Goa was looking for investments. 

The Chief Minister also told the audience at the prestigious Indo-American business lobbying group event that his government is looking to set up education, knowledge and entertainment hubs, besides a film city.

Citing the ongoing development of the greenfield international airport at Mopa, Sawant said a lot of investment in Knowledge Process Outsourcing, consulting, designing and animation services besides the IT sector is expected. 

He also claimed that the State is in the process of setting up an electronic manufacturing cluster in the Mopa airport area.

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