Shrinivas V Dempo, President of the Goa Chamber of Commerce and Industry (GCCI), emphasized the pivotal role of showcasing Goa as a global investment destination for the New Age industry, encompassing warehousing, logistics, IT and more.
In anticipation of the Invest Goa 2024 Summit, slated for January 29 in Panaji, Dempo highlighted the transformative opportunities for the state’s youth in acquiring distinct skills for gainful employment within the New Age sector.
The Invest Goa 2024 Summit, a collaborative initiative by the Goa Industrial Development Corporation (Goa-IDC) and the Confederation of Indian Industry (CII) serves as the National Partner.
He acknowledged the challenges of heavy industries due to environmental concerns, emphasizing the need for Goa, through IDC, to be positioned as an international investment hub for new age industries such as warehousing, logistics, IT, ITES, medical devices and electronics.
Welcoming the Invest Goa 2024 event, Dempo expressed enthusiasm for industrialists to gather, network and explore the offerings and collaborations with stakeholders in the state.
He noted that while Goa is a renowned international brand, the focus on industry-specific projects has been limited. With recent changes in rules and regulations, the Goa IDC is determined to attract investments in new age industries.
Highlighting the industry’s priorities, Dempo stressed the importance of a business-friendly environment, government policies, and the availability of skilled manpower. He emphasized the responsibility of both industry and educational institutions in skill development.
Dempo commended the new rules of Goa IDC, focusing on industrial plots occupied by sick industries. This approach encourages the revival of units or facilitates the transition to alternative activities, providing economic benefits and employment opportunities for Goan youth.
Regarding the Invest Goa 2024 summit, Dempo envisioned it as a flagship event with effective follow-up mechanisms. He urged the creation of a committee within IDC to translate proposals into business initiatives.
Addressing the shift from traditional industries, Dempo acknowledged the transition of businesses like mining and shipbuilding to new opportunities. He encouraged local industrialists to participate in the summit, emphasizing the need for a focus on new age and service industries to catalyze Goa’s GDP growth.
In closing, Mr.Dempo affirmed a willingness to invest in Goa’s future, with a preference for exploring new industries and opportunities rather than relying solely on traditional businesses.