Govt begins review of investment approvals by previous govt

Alliance politics can many a times create embarrassing situations for those in power. The BJP-led government in Goa, which is facing one such situation, is reviewing all investment approvals given by the previous BJP-led government.

The Goa government has formally begun the review of around 100 major projects cleared by the controversial Investment Promotion Board (IPB). Many of the alliance partners in the present government had opposed the existence of the board calling it a draconian body overriding all the existing laws of the land.

IPB has cleared 149 projects during 14 meetings held since its inception. Parties like Goa Forward, who are in power now with the BJP, had strongly opposed the blanket powers given to this board to clear major investment proposal of mega projects. Goa Forward had even promised to scrap the board if they come to power.

As a part of the common minimum programme, an amicable solution was reached and it was decided to review clearances given by the board. The first meeting of the board was held on Wednesday under the chairmanship of Chief Minister Manohar Parrikar.

Goa Chamber of Commerce of Industry has however expressed apprehensions about the process as the government is reviewing permissions allotted by a legitimate government body.

Sources in the meeting said that the government will continue with the review on Thursday for the remaining projects. The CM is even contemplating the site inspection of some projects.