Invest in Goa expect ease of business CM tells US firms

    Panaji, Oct 17 (PTI) Goa Chief Minister Pramod Sawant
on Saturday asked companies from the United States of America
to invest in his state through "100 per cent FDI route" and
promised them "single window clearance".
    Speaking at a gathering of the Indo-American Chamber
of Commerce, Sawant said, "Goa's Investment Promotion Board
will facilitate the investments on priority basis with all
clearances through a single window system."
    Goa had among the lowest industrial power tariffs in
the country and it also had a long association with the USA
with several students from here studying there, the CM said.
    Sawant said the pharmaceutical sector, with a turnover
of Rs 18,000 crore last year, was one of the mainstays of the
economy with robust exports to USA and other nations.
    "The focus of my government is on setting up education
hubs, knowledge-based industries, entertainment hubs etc. The
state's new IT and start-up promotion policy is aimed at
attracting new-age tech firms which would be given requisite
infrastructure," Sawant told the gathering. PTI RPS

(This story has not been edited by THE WEEK and is auto-generated from PTI)