The Goa government, led by Chief Minister Pramod Sawant, has unveiled significant policy amendments aimed at fostering industrial growth and attracting investments. The key initiatives include the introduction of a single-window clearance system for land allotment and construction, simplified auction routes for commercial plots, and the granting of industry status to logistics warehouses and IT companies. Additionally, the government plans to liberalize transfer and sublease processes, offer incentives for women entrepreneurs, intellectual property holders, and start-ups, and organize the Invest Goa 2024 Summit on January 29. These reforms aim to simplify processes and create a more attractive environment for businesses in the state.
In a bid to boost industrial growth and attract investments, the Goa government announced significant policy amendments during a meeting held on Tuesday. Chief Minister Pramod Sawant, along with State Industries minister Mauvin Godinho and Goa Industries Development Corporation (GIDC) chairman Aleixo Reginaldo Lourenco, engaged in discussions with key stakeholders such as the Goa Chamber of Commerce and Industries (GCCI), Confederation of Indian Industries (CII), and Goa State Industries Association (GSIA).
Following the meeting, Chief Minister Sawant addressed reporters, highlighting the government's commitment to simplifying processes for investors. The key initiative involves introducing a single-window clearance system for land allotment and construction, streamlining the procedures to make it more attractive for industries to set up operations in the state. Commercial plots will now be available through a simplified auction route, facilitating smoother entry for businesses.
Moreover, the government aims to grant industry status to logistics warehouses and information technology (IT) companies. In a move to enhance the ease of doing business, Sawant also announced the liberalization of transfer and sublease processes as part of the "ease of business exit" policy. The revised policies include incentives for women entrepreneurs, intellectual property holders, and start-ups, fostering a conducive environment for diverse businesses.
The GCCI president, Srinivas Dempo, commended Chief Minister Sawant for displaying visionary leadership and spearheading unprecedented reforms. Dempo, who is also a part of the board of directors of the Goa Industries Development Corporation, expressed gratitude for the collaborative approach taken in deciding these changes.
Highlighting the need for increased investments, jobs, and revenue generation in Goa, Dempo acknowledged certain challenges associated with the state's unique topography, making it less welcoming for large industries. He emphasized the importance of both the government and industries playing active roles in shaping and implementing these reforms.
To further showcase the state's commitment to attracting investments, Chief Minister Sawant announced the organization of the Invest Goa 2024 Summit in Panaji on January 29, providing a platform for potential investors to explore opportunities in the region.
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