Team Goemkarponn
PANAJI: On January 13, 2025, in the heart of Panjim, Goa, the Goa Industrial Development Corporation (Goa-IDC) hosted a pivotal event aimed at bolstering the financial landscape for Micro, Small, and Medium Enterprises (MSMEs) in the state. Held at Novotel Goa, Patto, the event titled “Banking on Growth: Empowering MSMEs through Collaboration” brought together an impressive array of 31 leading banks, highlighting the financial sector’s robust commitment to Goa’s industrial and economic advancement.
The primary objective of this gathering was to bridge the financial gaps between banks and MSMEs, facilitating a more streamlined and supportive environment for industrial growth. The event also served as a platform to educate stakeholders about the newly implemented Goa Industrial Development Corporation (Allotment, Transfer, and Sub-Lease) Regulations, 2023. These regulations are designed to simplify processes related to land allotment, transfer, and sub-leasing, thereby enhancing industrial development in Goa.
Key highlights of the event included a keynote address by Mr. Santosh Kenkre, a renowned Chartered Accountant and financial expert, who outlined actionable strategies for financing MSMEs in Goa. Ms. Sunidhi Sawhney, a consultant with Goa-IDC, presented a detailed overview of the new regulations and their benefits. Industry leaders such as Mr. Anirudh Dempo, President of the Goa State Industries Association (GSIA), and Mr. Yatin Kakodkar, Honorary Secretary of the Goa Chamber of Commerce and Industry (GCCI), shared valuable insights on the current industry landscape.
An interactive session allowed for a collaborative discussion between banking representatives and industry stakeholders, addressing challenges and identifying opportunities for mutual growth. Mr. Pravimal Abhishek, IAS, Managing Director of Goa-IDC, emphasized the crucial role of partnerships between banks and MSMEs: “MSMEs are the backbone of Goa’s industrial ecosystem. By improving access to financial resources and streamlining regulatory processes, we aim to empower MSMEs to reach their full potential and drive sustainable economic growth in the state.”
Goa-IDC remains steadfast in its mission to foster industrial development and support MSMEs by creating an enabling environment for their growth. The corporation is committed to continued collaboration with the banking community and other stakeholders to achieve these shared objectives.