PANJIM: Representatives from Indo American Chamber of Commerce (IACC) and Shardul Amarchand Mangaldas and Co (SAM & CO), shared a white paper on “Goa and the Ease of Doing Business” (EoDB) with Chief Minister Dr Pramod Sawant, which included key recommendations from a round table discussion held last month.
This deliberation had included 26 business leaders from Goa and from diverse sectors like Pharma, IT, Finance, Telecom and Mining.
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“The coordination with industry leaders has renewed our resolve to fast-track Goa’s economic development by removing hurdles for business growth,” said the Chief Minister, on Friday.
“Their recommendations and ideas will surely help us craft our immediate and long-term approach in ease of doing business,” he added.
“While Goa’s ecosystem can sustain industrial development at all levels, the State needs to give them an extra push with business-friendly reforms. These reforms would lay a roadmap to make Goa a hub for investment. This white paper is an attempt to catalogue our recommendations for these reforms in one place,” said Saurabh Shah, first vice president, IACC (West) and chairman, Ease of Doing Business Committee.
The white paper includes recommendations on digitisation, e-processing, infrastructure and utility development, transparency and accountability. As a path to Goa’s growth story, it recommended a push to the services sector, food processing, medical tourism and value-added service industries.
“Goa holds a unique position in India, owing to its demographic size, location and natural resources. These factors make it an attractive destination for specialised industries, services and educational activities. The implementation of a holistic and targeted regulatory framework will enable the State to unlock its vast, untapped potential,” said Radhika Dudhat, partner, SAM & Co, which is a knowledge partner in this initiative and have collaborated with IACC to make the white paper a reality.
At the heart of the recommendations lies an appeal to craft a specific incentive programme which would foster an ecosystem that cradles development for small, micro and medium-level industries.
