Chief Minister Sawant, 26 Business Leaders Discuss Ways to Make Goa an Ideal Business Destination

Business Events | January 15, 2021 | News

Taj Vivanta, Goa Chief Minister Pramod Sawant

The Goan chapter of the Indo-American Chamber of Commerce organised the 'High-level Round Table Deliberation on the Ease of Doing Business in Goa' at the Taj Vivanta, Goa on January 14, 2021. Representing diverse sectors like pharma, IT, finance, telecom and mining, 26 Goan business leaders shared their thoughts with Goan Chief Minister Pramod Sawant and representatives from the State's regulatory bodies at the conference.

The conference aimed at critiquing the current state of affairs in Goa. Atul Pai Kane, Chairman & Managing Director of Power Engineering (India) Pvt Ltd said, “With this project, we aim to compile suggestions that can lead to a positive impact on the state of ease of doing business here. Apart from FDI, Goa has immense opportunity in enabling migration of businesses from other States. It does this by providing them with strategic advantages that they may not find elsewhere.”

Chief Minister Sawant, who joined the discussions virtually, listed the reforms his Government has introduced to help new and existing businesses. “We welcome diverse companies to come and set up their businesses here by providing them with a single-window clearance system, tax holidays and GST rebates,” he said.

The group also highlighted existing challenges in Goa’s journey to becoming an ideal business destination, suggesting improving on the speed and efficiency of its existing processes for businesses. These included mechanisms for clearances and regulations, along with a straightforward approach towards legalities.

In the context of hurdles for new and existing businesses, Shardul S. Shroff, Executive Chairman, Shardul Amarchand Mangaldas& Co said, “Time and delay are the enemies of opportunity. Goa has tremendous potential to become an ideal destination for new businesses. However, it needs to establish clear, thought leadership and supportive policies which would create a friendly, efficient, constructive and transparent environment. Only then can it foster innovation and excellence across industries, education and infrastructure.”

Secretary (Revenue) Sanjay Kumar, Officer on Special Duty (OSD) to the CMManoj Patil, Principal Secretary (Finance) Puneet Kumar Goel and J Ashok Kumar, Secretary to the Chief Minister, addressed queries from the 26 CEOs and IACC members in a discussion at the event. Deepak Bandekar of the Directorate of Industries, Trade and Commerce, Vandana Rao, CEO, Goa Investment Promotion and Facilitation Board (Goa-IPB) and Derrick P. Neto, Managing Director, Goa Industrial Development Corporation (GIDC), also took part in discussions at the event.

The Goan chapter of the Indo-American Chamber of Commerce organised the 'High-level Round Table Deliberation on the Ease of Doing Business in Goa' at the Taj Vivanta, Goa on January 14, 2021.

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