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Local laws Goa Ministry of Commerce and Industry Goa Municipalities Act, 1968

Issuance of Goa Industrial Growth and Investment Promotion Policy, 2022

13-Oct-2022 | 3/10/2022-IND/228

The Department of Industries, Goa has notified Goa Industrial Growth and Investment Promotion Policy, 2022. The objectives of the policy are- i)Strengthening of the online single window to provide time-bound clearances with no physical touchpoint. ii)To provide support to local and existing businesses as well as attract new investment in the State by providing specific incentives and enabling infrastructure. iii)To promote local employment and skill development through incentives and other policy provision. This policy is open to all sectors and types of investments in the State except the following- i)Prohibited sectors as per the Foreign Direct Investment (FDI) policy of the Central Government or any other policies of the Government of India. ii)Projects in restricted areas of Goa Regional Plan 2021 such as low-lying paddy fields, sloppy lands, land falling under Coastal Regulatory Zone, areas prohibited under the Environment Management Plan and other restricted areas as per other State rules and regulation iii)Certain Red category industries that are deemed detrimental to the environmental and sustainability goals of the State. The State may notify a list of such industries and sectors from time to time. For further details, kindly refer the document.

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