Saturday, Apr 27 2024 | Time 09:44 Hrs(IST)
image
Business EconomyPosted at: Oct 17 2019 8:13PM


Foreign investors’ trade proposals will be cleared within 30 days : CM

Panaji, Oct 17 (UNI) Goa Chief Minister Pramod Sawant on Thursday said that the business and trade proposals of foreign investors would be cleared in just 30 days in Goa.
He was delivering keynote address at the inaugural function of the Vibrant Goa-Global Expo and Summit (VG-GES) 2019 held at S P Mukherjee stadium, near the city.
In a message clearly addressed to the over 500 international delegates attending this first edition of the VG-GES, the Chief Minister said, “We are putting in place a single window system for clearances of business proposals through the Investment Promotion Board of Goa.”
Dr Sawant said the key objective behind holding the Vibrant Goa global summit was to boost business and investments in the state of Goa.
“The holding of the event is actually a culmination of our Late CM, Manoharbhai Parrikar’s dream of attracting new business to Goa through an international event,” Sawant said.
He said the Vibrant Goa movement was in sync with Prime Minister Modi’s New India movement which included components like the ‘Make in India’ and ‘Skill India’ programmes among others.
Identifying the sectors of hospitality, information technology, education and agro-based industry as the key areas of growth in Goa, Dr Sawant explained how the revised IT policy of the state was focusing on creating 10,000 new jobs in the state.
The Chief Minister also mentioned how the state’s new start-up policy would grant Rs ten lakh for every selected proposal.
He also stated how the state was planning to set up an international skilling centre in the state very soon.
Earlier in the morning, Salim Al Junaidi, Deputy Chairman, Oman Chamber of Commerce in his speech said both India and Oman had a history of business relations for the last 5,000 years.
“This relationship has only got stronger since the year 1955. There is a 1.8 billion USD Indian investment in the special economic zone in the Duqm city of Oman,” Mr Junaidi said.
Similar views were expressed by Juma Al Kaid, Under Secretary in the United Arab Emirates Ministry of Commerce.
Kaid said India was only next to USA and China as one of the three major trade partners of the UAE.
“I am happy to state that the UAE is the largest Arab country to invest in India with a 80 per cent share of the Arab business market in India,” the bureaucrat said.
According to the UAE bureaucrat, the volume of Indian business was close to 60 billion USD in the year 2018-19 and said it would only increase.
“Prime Minister Modi has visited UAE three times in the last six years and this has helped forge ties between the two countries,” Kaid said.
The other significant highlight of the inaugural function was the memorandum of understandings (MOUs) signed between the Vibrant Goa teams and chambers of commerce from across the world. The Indo-American Business Council, Malaysian Indian Business Council, Indo-Canada Business Council, Indian Business Council of Qatar, Nepal chamber of Commerce, Business Club of France and the Bhutan chamber of Commerce were some of the participating delegations.
UNI AKM 2001
Please log in to get detailed story.
Tags: #Foreign investors’ trade proposals will be cleared within 30 days : CM
More News
Sensex nosedives 609 28 pts

Sensex nosedives 609 28 pts

26 Apr 2024 | 5:26 PM

Mumbai, April 26 (UNI) Snapping a winning streak of last five sessions, the BSE Sensex on Friday, the last session of the week, tanked 609.28 pts to settle at 73730.16 amid mixed global cues.

see more..
Maruti Suzuki net profit surges 48 pc to Rs 3,878 crore in Q4

Maruti Suzuki net profit surges 48 pc to Rs 3,878 crore in Q4

26 Apr 2024 | 5:00 PM

New Delhi, April 26 (UNI) On the back of solid volume growth, the country's largest carmaker Maruti Suzuki on Friday reported 47.80% jump in standalone net profit at Rs 3,877.8 crore for January-March period (Q4) of financial year 2023-24.

see more..

Shriram Finance net jumps 57 pc to Rs 2,021 cr in Q4

26 Apr 2024 | 3:52 PM

New Delhi, April 26 (UNI) Shriram Finance on Friday reported 56.91% year-on-year jump in consolidated net profit at Rs 2,021.28 crore for the January-March period (Q4) of financial year 2023-24.

see more..
Maruti Suzuki gets show-cause notice from Legal Metrology dept

Maruti Suzuki gets show-cause notice from Legal Metrology dept

26 Apr 2024 | 2:39 PM

New Delhi, April 26 (UNI) The country's leading carmaker Maruti Suzuki India on Friday said that it has received a show-cause notice from the Legal Metrology office in Rishikesh, Uttarakhand.

see more..

Onkar Kanwar gets Lifetime Achievement Award

26 Apr 2024 | 2:08 PM

Kochi, April 26 (UNI) Chairman of Apollo Tyres Ltd, Onkar Kanwar, has been conferred with the Lifetime Achievement Award at the All India Management Association (AIMA)’s Managing India Awards ceremony.

see more..
image