The Bill, introduced by Industries Minister Mahadev Naik during the ongoing Assembly session, seeks to create an administrative and operational framework for Goa Investment Promotion and Facilitation Board.
The newly-created agency will speed up single-window clearance for investment proposals received by the State.
"The establishment of the board will help in investment in thrust areas such as knowledge-based industry, research and development, pharmaceuticals, bio-technology, tourism, light engineering, aviation, aerospace, agro-based and food processing industries," the Minister said.