Dear Esteemed Members of the Media, Print & Electronics,

 

Appended below is a Press Release from CII Goa. We would be most obliged I
you could kindly carry the same in your esteemed print media. 

 

Photos attached

 

Regards,

 

John

 <mailto:john.fernan...@cii.in>
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 <mailto:john.fernan...@cii.in> John Fernandes

 <mailto:john.fernan...@cii.in> Executive Officer - Goa State Office

 <mailto:john.fernan...@cii.in> Confederation of Indian Industry

 <mailto:john.fernan...@cii.in> 502, Unitech City Center,

 <mailto:john.fernan...@cii.in> M. G. Road, Panaji, Goa 403 001

 <mailto:john.fernan...@cii.in> Tel: 0832 - 2422790 / 2422796 / 9822982979

 <mailto:john.fernan...@cii.in> e-mail: cii....@cii.in ;
john.fernan...@cii.in

 <mailto:john.fernan...@cii.in>
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CII appreciates the State Budget

 

CII Goa Chairman Mr Atul Pai Kane & the Vice Chairman Mr Kirit Maganlal
appreciated the Budget presented by the Hon'ble CM.

 

CII has recommended the introduction of the Investment Policy in the Budget
and was very pleased to note that the CM has introduced the Goa Investment
Policy in the budget. Most points from the policy have been announced,
including setting up of the Investment Promotion board with the Hon CM as
the chairman and the Hon Ministry for Industry and Tourism as VC's. Towards
the implementation of the Investment and Industrial Policy, a provision of
Rs 45 crores in the budget has been made.

 

"We are pleased to note the setting up of new industrial estates, the
allotment and Sub-Lease policy announcement as also a categorical statement
of no transfer of land to be allowed. We also welcome the announcement of
the Govt for ensuring the release of land originally allotted to 'SEZ' for
the deployment of the industries" said the statement issued by CII Goa to
the press.

 

CII had recommended Logistics Park at Dharbandora, Verna and Pernem which
has been proposed in the budget. Government will also take initiatives to
finalize a policy on Logistics Network including development of transport
facilities, development of minor ports and jetties.

 

The Government also recognized the development of large infrastructural
projects requiring sufficiently huge amount of capital expenditure which are
essential for providing necessary push to the growth and development of the
State. While developing the infrastructure under the various sectors, a
holistic approach shall be adopted so as to have balanced development of the
State and announced to get an expert in order to get advice on holistic
planning of infrastructure development for the State and announced an
appointment of a specialised group to advise the Government on the issue.

 

CII welcomed the proposals for training various govt employees as setting up
its own cadre and training of people for jobs and skills where sets stipend
will be paid by the govt.  On the education front, they liked the concept of
smart classrooms and setting up of hot spots+ wifi in all schools including
the most remote areas. They also appreciated the support to students
studying in prestigious universities, in India and abroad. 

 

"On agriculture, we appreciate the support price to local farmers. The
development of poly houses will enhance production of veggies and flowers.
The horticulture corporation to expand their operations to offer lower price
vegetables across the state." said the statement.

 

CII Goa also appreciated it as a good plan to reduce debt from the KTC,
which would make it more viable and hopefully improve the services across
the state. CII Goa welcomed the following budget statements: Plan to spend a
further 150 crores on sports infrastructure. Netravali model village
development has been provided Rs 10 crores and is a good step. Good plan
with 25 crores for infrastructure to those builders who pay infrastructure
tax.

CII had recommended a proposal for airline hub and the there is an
announcement of the Aviation policy announced with a minimum 4 aircraft and
reduction in ATF.

Announcement on Venture capital and angel fund was also welcomed. 

 

A lot of CII recommendations in Tax proposals have been included and they
appreciated NPV extension, remove of difficulties for permission of
extension, Cables at 5%, Copper entry tax to 1%, Lead at 8 %, revisiting of
lease rentals, reduction of Entry tax within Goa from one local area to
another , Small enterprises mergers and amalgamation so to be revisited and
remission offered.

 

The revisitng of Alvara grants is also welcomed to enable more land under
agriculture funding.

 


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