Monday 16 September 2019
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business-standard - 5 days ago

Goa s investment promotion board CEO resigns

Even as Goa Chief Minister Pramod Sawant has assured to revamp the investment promotion board to attract more investment into the state, the agency s CEO has resigned, claiming red-tape in its functioning. Vishal Prakash, chief executive officer of the Goa Investment Promotion and Facilitation Board (Goa-IPB), on Tuesday evening tendered his resignation to its chairman. Sawant is the chairman of the state-run board, whose mandate includes reviewing investment proposals and to draft approval process, guidelines and standard operating procedures for new investments, among others. A few weeks ago, the chief minister had said he would fine-tune the working of the board to make it a single window system for processing investment proposals. In his resignation letter, Prakash said, I believed that my expertise and skill-sets would bring about a change in the functioning of Goa-IPB which is the showcase organisation for anyone looking to invest in Goa. However, thats not been


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