Draft investment policy evokes few reactions
TEAM HERALD
PANJIM: The government’s draft investment policy has evoked strong reactions from trade unions on the timings of the workforce. Few objections and suggestions have been received even as the deadline for feedback ends on Thursday, September 5.
According to the draft policy, to encourage innovation and productivity, the Government is planning to reimburse of 50% of the professional fees for registration or fees paid to the registry for registration of Intellectual Property Rights (IPR) subject to a limit of Rs 500,000 per unit; setting off against VAT the cost in acquiring patents, copyrights or trademarks for specific use in the unit in Goa.
To encourage R&D in biotechnology and electronics manufacturing units, the government would set up common facilities which can be utilized on a per use basis by such units.
In a bid to encourage entrepreneurs to set up new ventures in Goa, the government is setting up an entity “Ventures Goa” in association with the private sector with government funding and private sector resources to invest in new units.
The government is also planning on three logistics hubs in Pernem, Dharbandora and Canacona. The Pernem hub which will cover an area of approximately 5 lakh sqm, is to be developed first through PPP and will consist of an ICD, warehousing, truck terminal, cold storage facilities, perishable agri-produce facilities, hazardous cargo facilities, workshops, and container repairs.
The Dharbandora hub, also of 5 lakh sqm, will consist of a CFS, warehousing, truck terminal, cold storage facilities, perishable agri-produce facilities, hazardous cargo facilities, workshops, container repairs etc. A fuel pipeline between Mormugao Port and the Dharbandora hub is also planned to reduce the pressure on road infrastructure leading to the port.
