The Government of Goa on 13th October 2022, has notified the Goa Industrial Growth and Investment Promotion Policy, 2022, in order to create an environment of Trust and Collaboration between the State and Industry by bringing in transparency and predictability to achieve the shared goals of prosperity and sustainable development for all.
This policy is open to all sectors and types of investments in the State except those included in the Exclusions section. Thrust areas of the policy are ecotourism, adventure tourism, entertainment, food processing, education and R&D, and other white and green category industries.
The objectives of this policy is to Strengthening of the online single window to provide time-bound clearances with no physical touchpoint and to provide support to local and existing businesses as well as attract new investment in the State by providing specific incentives and enabling infrastructure and to promote local employment and skill development through incentives and other policy provision.
Some of the key initiatives are:-
- Provision for development of industrial infrastructure in PPP model, such as industrial/sectoral parks, incubator and accelerators, logistics park, convention centre, food parks, etc.
- Facilitation for private landowners to lease/sell to investors for setting up industry. IPB/Goa Industrial Development Corporation(GIDC may invite landowners to register their land with the department. Fixed rates, zoning change and other clearances may be facilitated through IPB/GIDC. Database of such land parcels will be maintained and shared with prospective investors when required.
- Facilitation for Communidade land owners may be provided to lease land for industrial or commercial use.
- Anchor units may be identified and incentivised to support the growth of ancillary industry and sector-specific ecosystem.
