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Monday, January 24, 2022

Construction industry in Goa is on the rocks: Vijai Sardesai

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Porvorim: TCP minister Vijai Sardesai has said that the construction industry in the coastal state of Goa is on the rocks.

Sardesai said that the growth in the construction industry is usually reflected in the collection of infrastructure tax which is collected by TCP. He said that the collection figures for last three fiscals are showing that the trend is downwards.

The minister said that his department had collected Rs 72 Crore as Infrastructure tax from the construction industry for the Financial Year 2016-17 which plunged to Rs 39 crore in the FY 2017-18. “And for the current fiscal, up to now, we have collected Rs 15 Crore,” he added.

Sardesai said that the figure clearly indicates that the construction industry is “on the rocks.”

He said that the such a reduction in the construction industry could be because of implementation of RERA or may be because of “over activism.”

The minister said that due to various factors, the confidence of investors in Goa is going down. “It should not go down. Goans should not be seen as thieves who promise certain thing and make a contract and then change their mind,” he said.

Sardesai also took a dig at Congress party for criticizing Manohar Parrikar-led government over the Regional Plan 2021, a land use plan. The minister said that the RP 2021 was a baby of Congress, which he (sardesai) is carrying because he is in power.

“We speak about Regional Plan 2021. It is not me, but you all have created RP. It was your wish to operationalise RP 2021. But now you are speaking in different tones,” he said.


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