Current Affairs

Investment Board withdraws approvals of projects in CR zones

The Goa Bench of the Bombay High Court has disposed of a writ petition challenging approvals granted by the Investment Promotion Board (IPB) to several projects in coastal regulation zone (CRZ), as the board has recalled the approvals.

Renowned Green Crusader NGO – Goa Foundation had filed the petition, alleging that the approvals granted by the IPB were illegal and void since the Investment Promotion Board Act explicitly prohibited the board from considering or granting recommendation in case of projects in CRZ and khazan areas, among others.

The petition was filed by Goa Foundation against Yacht Heaven Pvt Ltd, Mormugao, Kargwal Construction Pvt Ltd, Mumbai, Ace Hotels and Resorts Pvt Ltd, Benaulim, Chaksu Properties Pvt Ltd, Mumbai, Niraamaya Retreats, Bengaluru, Total Composites Pvt Ltd, Kolkata and Aswem Beach Resort and Villas Pvt Ltd, New Delhi.

In an affidavit, the government informed the court that the board, at its 18th meeting held on December 2, 2017, had withdrawn all approvals issued by it after considering its legal position and obtaining legal opinion.

As per the restriction under Section 8 of the Goa Investment Promotion Act, 2014, the board is prohibited from issuing approvals to projects in CRZ areas and khazan lands. As such, these project proposals in the CRZ do not come under the purview of the IPB.

The IPB has withdrawn approvals to Chaksu Properties Pvt Ltd, Mumbai, Niraamaya Retreats, Bengaluru, Total Composites Pvt Ltd, Kolkata and Aswem Beach Resort and Villas Pvt Ltd, New Delhi.

Savio Rodrigues

Savio Rodrigues Founder & Editor-in-Chief GoaChronicle.com

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