"The government is of the view that those who are qualified and have been working with companies for years can not be sacked or disturbed merely to provide employment to Goans," the official said.
The Goa government has constituted a State Investment Promotion Board which has been clearing proposals for setting up new industries and also expansion of existing units in the state.
Schemes like the Goa State Employment Subsidy Scheme, has envisaged subsidies to industrial units.
The official stated that the clause of mandatory 80 per cent employment to Goans would be dropped only during expansion and not for new industrial units.
So far, the State Investment Promotion Board has approved 43 new industries and expansion of existing industrial projects in Goa, worth Rs 3,117 crore which could potentially generate 8,100 jobs, he said.
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
