IPB in-principle OKs 15 projects, defers 19 others

The Investment Promotion Board (IPB) in its 14th meeting cleared 15 projects of the 34 proposals, which were up for its approval. From employment view point, the most important project IPB cleared was Goa Tourism Development Corporation Ltd. (GTDC)’s project for development of passenger ropeway and allied tourism activities between Panaji and Reis Magos, which is set to create 700 jobs. Royal Rides Pvt. Ltd. (Royal Rides), Special Purpose Vehicle incorporated by Menus Adventures Pvt. Ltd., will act as concessionaire for development, operations and maintenance of the Goa ropeway project during the concession period.