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.
"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.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
