You are here: Home » PTI Stories » National » News
Business Standard

Kamat raises question over future of industrial growth in Goa

Press Trust of India  |  Panaji 

Leader of Opposition in the Goa Assembly Digambar Kamat of the Congress on Wednesday expressed concern over the future of industrial growth in the state given the economic slowdown in the country.

The hospitality sector, a key source of revenue and employment in the tourist state, is going through troubled times, the former chief minister said in the Assembly.

"There is a recession in the country. Sectors like automobiles are facing the brunt of it. Other industrial sectors also are facing issues, Kamat said speaking on the floor of the House on Wednesday.

He said the economic downturn has already hit Goa, where the hospitality sector is going through troubled times, while a similar fate is being faced by banks.

"Under these circumstances, what is the future of industrial growth in Goa?," Kamat questioned.

He said from 2014 to 2019, only 22 new industries have been set up in the state, while rest of the investment went in expansion of existing units.

The Congress legislator said only around 3,498 jobs had been created in Goa since 2014 through investment in the industrial sector.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, July 31 2019. 20:15 IST
RECOMMENDED FOR YOU