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Goa to offer red carpet to US firms opting for FDI route: CM
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SME Times News Bureau | 17 Oct, 2020
Goa will offer a red-carpet welcome and facilitate single-window
clearance to US companies keen on investing in the state through the 100
per cent Foreign Direct Investment (FDI) route, Chief Minister Pramod
Sawant said on Saturday.
speaking at a function organised to mark
the inauguration of the Indo-American Chamber of Commerce in Panaji,
the Chief Minister pointed out that Goa was strategically located as a
gateway to Europe with good export potential.
"My government will
offer a red carpet welcome to US companies investing in Goa through 100
per cent FDI route. Our Investment Promotion Board will facilitate such
investment on a priority basis, offering all clearances through a
single-window system. We have one of the lowest industrial power tariffs
in the country and offer several other incentives for setting up
industry in the state," Sawant said.
The Chief Minister also said
that the state was eyeing investment in the education and knowledge
sector, IT, electronics, and film city development etc.
"My
government is focussing on setting up education, knowledge, and
entertainment hubs and a film city. We can also get premier global
educational institutes set up their campuses here," the Chief Minister
said.
"We expect a lot of investment when it comes to Knowledge
Process Outsourcing, IT industries, as well as consulting, designing and
animation services. We are in the process of setting up a greenfield
electronic manufacturing cluster near the new airport," Sawant said.
A new greenfield airport is coming up at Mopa in North Goa's Pernem sub-district, he added.
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
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₹84.00
|
₹82.25 |
UK Pound
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₹104.65
|
₹108.10 |
Euro
|
₹92.50
|
₹89.35 |
| Japanese
Yen |
₹56.10 |
₹54.40 |
| As on 25 Jul, 2025 |
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