PANAJI: In a pivotal step towards enhancing the business landscape in Goa, the Goa-Industrial Development Corporation (Goa-IDC) organized a briefing for the industry stakeholders on the revision of laws governing its operational framework. The insightful session was led by Mauvin Godinho, Minister for Transport, Industries, Panchayat Raj, Protocol and Member of the GST Council. The event witnessed the presence of Pravimal Abhishek, MD,Goa-IDC, alongwith representatives from major industrial organizations and other significant stakeholders across various sectors in Goa.
The briefing marked a momentous occasion as industry leaders, policymakers, and regulatory authorities came together to deliberate on the transformative reforms introduced by the Goa-IDC. At the forefront of the discussion was the overarching goal of enhancing the ease of doing business within the region by revising the legislative framework that governs the operations of Goa-IDC.
Aleixo Reginaldo Lourenco, Chairman, Goa-IDC expressed his enthusiasm about the reforms, stating “We are doing everything possible to ensure ease of doing business so that more employment and entrepreneurship opportunities are created for Goan youth. This legal reform is one of the major steps in our endeavours “
Minister for Transport, Industries, Panchayat Raj, and Protocol, Mr. Mauvin Godinho articulated the essence of the initiative by emphasizing, “To enhance the ease of doing business, the Goa-Industrial Development Corporation has undertaken the task of revising the laws governing its functioning. Our aim is to create a conducive environment that encourages investment, spurs innovation, and fosters sustainable economic growth.”
Mr. Godinho engaged extensively with the assembled stakeholders, underscoring the key reforms that are set to redefine industrial operations in Goa. These reforms include: Liberalization of Transfer and Sub-Lease: The new framework seeks to empower businesses by streamlining transfer and sub-lease processes, enabling smoother transitions and fostering a dynamic business ecosystem, Simplification and Standardization of Procedures: Recognizing the need for operational efficiency, the revised laws will introduce simplified and standardized procedures that eliminate bottlenecks and reduce bureaucratic hurdles and Industrial Status for Logistics and Warehousing: The Goa-IDC recognizes the critical role of logistics and warehousing in modern business operations. By granting them industrial status, the corporation ensures that this sector receives the necessary support and recognition.
The briefing provided a platform for open dialogue, enabling stakeholders to share their insights and perspectives on the proposed changes. The comprehensive engagement served as a testament to the collaborative spirit driving the economic evolution of Goa.