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BUDGET 2020: GCCI urges government to form task force to rejuvenate sick industrial units





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Panaji: Goa Chamber of Commerce and Industry (GCCI), in its pre-budget recommendations submitted to Chief Minister Pramod Sawant has suggested the formation of Task force to rejuvenate sick or closed units in the industrial estates.

GCCI President Manoj Caculo, along with other members, last week, submitted a pre-budget memorandum to Sawant, who would be presenting State budget on February 06.

The Budget session of Goa Legislative Assembly would be held between February 03 to February 07, 2020.

Caculo was speaking on Prime TV’s daily program ‘Prime Encounter’ hosted by senior journalist Rupesh Samant.

GCCI has said that it is estimated that there are more than 300 units in industrial estates which are sick and closed.

“They are not in a position to pay dues of financial instutitions, Goa Industrial Development Corporation’s lease rent, electricity dues etc. All these units are attached by financial institution who are also unable to dispose them off as the assets are in deteriorated condition,” Caculo said.

“We request to the state government that a Task Force should be set up to study the cases of closed units and come up with a scheme to cause auction of these assets,” the industry body has suggested.

GCCI has also pointed out that despite the state government assuring support to local entrepreneurs and business community by ensuring that at least 50 per cent of all the government department’s and corporations’ requirements are sourced locally, often they find different ways to deny the benefit to local entrepreneurs and give business to parties outside the state.

GCCI has asked the chief minister to “formulate a procurement policy for the state that will ensure that at least 50 per cent of all government requirements is reserved for Goan entrepreneurs.”

In order to raise the revenue through available resources, the industry body has suggested one time settlement scheme for pending litigations under Value Added Tax and Service Tax regime regime.

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