Goa to unveil industrial policy soon

PANAJI: The Goa government will unveil its industrial policy document by August 2002 clearly classifying industries under the green, orange and red categories to say ‘no’ to polluting industry and for channeling of investment subsidies. The tiny and ecologically fragile tourist coastal state will root for environment friendly and employment generating industries like pharmaceuticals, software, precision engineering, biotechnology, said chief minister Manohar Parrikar.
The chief minister said that the focussed approach would be carried further by creating a new Board for Investment and Export Import Promotion which would subsume the functions presently carried out by the high power coordination committee (HPCC) on industries and tourism, respectively.Making these announcements as part of his exhaustive budget proposals, Mr Parrikar announced that the proposed industrial policy would also have a revival scheme for sick industrial units. The state government also contemplates to undertake improvement and complete utilisation of existing industrial estates across the state before setting up any new industrial estates.
Taking past experience into consideration, the fiscal benefits given to the industry would be oriented towards attracting long-term investment.