India, Sept. 11 -- The chief officer of Goa's Investment promotion board, Vishal Prakash, has put in his papers blaming 'the same red-tapism that businesses complain about' for his decision.

Ironically, the investment promotion board, the brainchild of former chief minister Manohar Parrikar, was set up to bypass red tapism and help the state improve its 'ease of doing business' ranking.

"I believed that my expertise and skill-sets would bring about a change in the functioning of Goa-IPB which is the showcase organisation for anyone looking to invest in Goa. However, that's not been the case and I have been bogged down by the same red-tapism that business complain about," Prakash said in his letter to the chief minister.

"I genuinely be...