Goa govt amends its policies to attract more industrial investment

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Panaji: The Goa government on Tuesday announced changes in its policies to attract more industrial investment in the state.

Chief minister Dr Pramod Sawant held meeting with the industry organizations including Goa Chamber of Commerce and Industries (GCCI), Confederation of Indian Industries (CII), Goa State Industries Association (GSIA) and others.

State Industries minister Mauvin Godinho and Chairman of Goa Industries Development Corporation Aleixo Reginaldo Lourenco were also present for the meeting.

Briefing mediapersons after the meeting, Sawant said that the policies have been amended to get more investment in the industrial sector in the state resulting in enhanced revenue and job opportunities.

The chief minister said that the state government will also organize Invest Goa 2024 summit in Panaji on January 29, 2024 to attract the investors to the state.

Sawant said that during the meeting it is decided to simplify the processes for the investors with single window clearance for land allotment for the investors and construction of the industry.

The state government has also decided to give industry status to logistic warehouse and Information Technology industries.

The transfer and sub lease processes will also be liberalise as a part of ease of exit for business policy, Sawant said.

The government has also decided to give incentives for women entrepreneurs, Intellectual Property holders and start ups, the chief minister said.

He added that the commercial plots for the industries would be made available through simplified auction route.

Reacting to the announcements, GCCI President Srinivas Dempo congratulated the chief minister for showing visionary leadership in getting reforms that are unprecedented, not only in the state of Goa but also in the rest of the country.

Dempo who is also part of the Board of director of Goa Industries Development corporation said that the changes were decided through marathon and participative approach.

“I must thank CM for giving opportunity to the industry to play a real positive role in shaping these reforms. If government has to perform, the industry also have to perform,” he said.

Dempo said that Goa needs more investment, more jobs and more revenue generation. “There are certain caveats in Goa. The large industries are not welcomed in Goa because of unique topography,” he said.

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