Few mega industries may shut units in Goa: GCCI

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Press Trust of India Panaji
Last Updated : Mar 01 2016 | 3:28 PM IST
Industry body Goa Chamber of Commerce and Industry (GCCI) today warned that few mega industries in the state are contemplating to shut down their units.
GCCI had earlier pointed out to the unhealthy environment for industrial growth in the state, claiming in the last couple of years, a large number of industrial units have closed down.
"We alsohavefeelersfromafew large unitsthat their managementsarecontemplatingshuttingunits in Goaor shifting operations out of the state. Thisdoes not augur well for thestate," GCCI said.
It said as per the World Bank'sEase of Doing Business Survey 2015,Goa is ranked 19th amongstIndian states.
"Thisisalsoacting as a deterrenttoindustrial investments in the state," it added.
The chamber has suggested "three to five member task force under the chairmanship of the chief minister or chief secretary should be set up to assess the problems faced by the existing units in the state and also to check the possibilities of reviving the closed units."
"In industry, there is alreadya feeling thatthe governmentisnot sensitiveto itsdemandsand without any sense of priorities, is indulging in unnecessary capital expenditure, spending funds in broadening and cementing the existing roads, constructing bridges and highways without people's demand," the chamber has said.
According to GCCI, industriesin the coastal state are also highlytaxedwithalot oftaxdistortions and disparities.
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First Published: Mar 01 2016 | 3:28 PM IST

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