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Business EconomyPosted at: Oct 7 2022 6:58PM


CM urges investors to make Goa preferred investment destination

Panaji, Oct 7 (UNI) Goa Chief Minister Pramod Sawant on Friday urged investors to make the coastal state a preferred investment destination and partner in its industrial growth to work together in making the new India mission successful.

Speaking after inaugurating the Invest Goa 2022 Summit in the city, he called upon the investors to invest in Goa saying the state has the required logistics to set up their ventures.

He appealed to Goa Chamber of Commerce and Industry (GCCI) and Investment Promotion Board to assist investors in setting up their ventures and make Goa a preferred investment destination for investors.

He also said that Goa has good connectivity by way of road, rail and air ways to cater to the needs of the industries.

The Chief Minister informed that the Letter of Intents (LoIs) signed during the event has ensured investment of Rs 5000 crore in the state which will help in creating 15,000 jobs.

Dr Sawant said although Goa intends to have investment in the industrial sector but would prefer eco-friendly industries.

Former Union Minister Suresh Prabhu said Goa has its own industrial policy which is investor friendly.

''Goa is the best place for investment and this is the right time to be here in Goa. Goa is a best place conducive for business and a place to relax as well,'' he said.

Prabhu advised the government to make Goa as the first ESG compliant state.

''Goa is the right place to host events like the World Economic Forum. Goa has potential to become a startup forum. Goa being a small State is ideal to venture into World Design centres for the world, State would earn revenue out of royalty,'' he said.

The two-day event witnessed signing of MoUs between Maharashtra Chamber of Commerce and Industries and BITS PILANI.

The Chief Minister also released Goa Industrial and Investment Promotion Policy 2022.
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