Investment promotion board to foward "no jurisdiction"

Goa chief minister Manohar Parrikar today said that the state-run Investment Promotion Board (IPB) will forward to the state government proposals which are referred to the IPB but on which the latter does not have jurisdiction.
The IPB had recently withdrawn in-principle permission granted to 17 investment proposals which were in the Coastal Regulation Zone (CRZ).
Parrikar said that the IPB had "invariably, not purposefully, without understanding Coastal Regulation Zone (CRZ) rule, had crossed the limit and granted in principal approvals."
Parrikar said, justifying the boards decision to withdraw the permissions, that as per section 8 of the CRZ, proposals other than the shore facilities cannot be dealt by the IPB.

He said that these proposals will now be moved to the state government which will take decisions on a case-to-case basis.
Parrikar said the IPB will remain the single-window for investment proposals but these proposals would be classified into two categories in future.
"The proposals which cannot be decided by IPB would be analysed by the consultant firm which has been on board which will send it to the government without any recommendation," he said.