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Goa govt prepares draft investment policy

Goa govt prepares draft investment policy
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Goa government prepared a draft investment-cum-industrial policy, which laid a special thrust on development of Special Investment Regions (SIRs).

The SIRs will attract large investments, economies of scale and world class infrastructure arrangements.

SIRs involves special areas demarcated for development with their own industrial, social and urban infrastructure on par with global standards, to attract global as well as domestic investments.

The draft industrial policy also emphasises formation of Investment Promotion Board by enacting suitable legislation.

The policy also explores the possibility of setting up National Manufacturing and Investment Zone, on the lines of the Union Government, so as to attract investment and provide quality infrastructure and support.

In the next couple of months, the state government is expected to place the draft policy in the public domain for suggestions and objections.

The Congress government at the helm in Goa earlier had scrapped its SEZ policy, after allocating land for 12 firms in its industrial estate, fearing that going ahead with the policy would have triggered large-scale migration in the state.

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