Invest Goa 2024 Summit concludes with an overwhelming participation from industry leaders and key stakeholders
The Invest Goa 2024 Summit, by Goa Industrial Development Corporation (Goa-IDC) and the Confederation of Indian Industry (CII), concluded with an overwhelming participation of industry leaders and key stakeholders with impactful dialogues and advancing investment opportunities in the vibrant state of Goa. Organized by Goa Industrial Development Corporation (Goa-IDC) and Goa Investment Promotion Board (Goa-IPB) in collaboration with the CII as the national partner, the summit unveiled the “Goa-IDC Regulations 2023 Manual” and the Goa-IPB website, aimed at felicitating the ease of doing business for investors.
The event had the esteemed presence of Dr.Pramod Sawant, Hon’ble Chief Minister of Goa, Shri. Mauvin Godinho, Hon’ble Minister for Industries, Govt. of Goa, Mr. Suresh Prabhu, Hon’ble Former Union Minister, Govt. of India, Mr. Aleixo Reginaldo Lourenco, Chairman, Goa-IDC, Shri. Puneet Kumar Goel IAS, Chief Secretary, Government of Goa Dr. V. Candavelou IAS, Principal Secretary, Government of Goa, Mr. R. Dinesh, President, CII & Chairman, TVS Supply Chain Solutions Ltd, Mr. Piruz Khambatta, Past Chairman, CII Western Region & CMD, Rasna International Ltd, Mr. Chandrajit Banerjee, Director General, CII, Ms. Swatika Sachan, IAS, CEO-IPB, Mr. Pravimal Abhishek IAS, Managing Director, Goa-IDC, Mr. Sathish Gopaliaha, President, Deloitte, Mr. Shrinivas Dempo,
Chairman, Dempo Group of Companies and Swati Salgaocar, Dy Chairperson, CII WR & President VM Salgaocar & Brother Pvt Ltd.
Speaking at the Invest Goa 2024 Summit in an effort to engage with investors in the Industrial sector of the state, Goa Chief Minister Dr.Pramod Sawant expressed that “the coastal state will be a preferred destination for Global investors across all the sectors. Under the leadership of PM Narendra Modi, India is now the fastest growing economy in the world. Goa has benefitted considerably due to the support of Central Government and State Government and we will remain a success story in the country and a preferred destination for Global investors across all the sectors,” he said.
Speaking further, the Chief Minister said that no economic growth can be achieved without skilled workforce.Our government has given maximum attention for upgradation of skills of our young workforce through constant academia, industry dialogue and the newly launched apprentice scheme,” he said.
Dr.Pramod Sawant, Hon’ble Chief Minister of Goa and Shri.Mauvin Godinho, Hon’ble Minister for Industries, Govt. of Goa, felicitated Ms. Shashi Soni, Chairman of Hughes Precision, Verna Industrial Estate, Goa for her outstanding contribution to women entrepreneurship. The event also witnessed the launch of Goa-IDC Regulations 2023 Manual followed by the technology demo of Goa-IDC’s Digital Public Good and launch of the Goa-IPB website.
State Industries Minister Mr Mauvin Godinho emphasized the strategic advantage of Goa’s geographical position, positioning it as a potential logistical hub. To harness this potential, the state has introduced a comprehensive policy aimed at promoting the establishment of additional warehousing facilities, marking a progressive move forward.
Mr.Godinho highlighted a significant shift in Goa’s perspective, moving beyond its traditional reliance on tourism. The focus now extends to fostering environmentally friendly industries that not only drive economic activity but also contribute to the prosperity of industrialists. The ultimate goal is to encourage expansion within their companies, thereby promoting overall industrial growth. Expressing a desire for industrialists to actively participate in Goa’s development, Godinho portrayed the region as a unique business environment. He emphasized the unparalleled blend of business and leisure, making Goa the exclusive destination where conducting business seamlessly integrates with relaxation. In Godinho’s vision, conducting business in Goa becomes an enriching experience, motivating individuals to extend their working hours and contribute to the state’s sustained economic progress.
Former Union Minister Suresh Prabhu in his address said that “Goa can become a hub of
research and development considering a robust presence of Pharma industries in the state. He also said that the state can utilise the infrastructure of Goa Medical College and Hospital and work in the field of genomics and built an eco-system around that. The coastal state can be a hub for financial services including off shore banking.
Chairman of Goa-IDC, Aleixo Reginaldo Lourenco, highlighted the state’s commitment to creating an investment-friendly environment, focusing on sustainable and eco-friendly industries. He emphasized the need to capitalize on Goa’s status as a popular tourist destination by introducing investor-friendly industry policies.
Speaking on the occasion ,R DineshCII President stated that “I believe that Invest Goa will help in developing the existing sectors of the state and also aid in exploring newer
sectors that can put the state economy on a high growth trajectory. CII through its CoE –CII – Institute of Logistics can provide knowledge support and industry involvement with
the Goa Govt in realizing the set goals of the logistics policy including identifying gaps, if any, and solutions to overcome the same for a competitive logistics sector”.
During the summit, Managing Director of Goa-IDC, Pravimal Abhishek, outlined the objective of the event—to correct the narrative surrounding Goa and showcase it as an attractive investment destination. He emphasized that Goa’s strategic location and excellent infrastructure make it a compelling choice for investors. Abhishek further stated that industry status has been accorded to manufacturing, IT, ITes, logistics, and warehousing sectors. This designation ensures that these sectors can leverage government policies for their benefit.
In a noteworthy announcement, Chandrajit Banerjee, Director General of CII, revealed plans to establish a pioneering regional culinary institute in Goa. This initiative aims to promote Indian regional cuisine, tapping into its significant global potential. Banerjee expressed the confidence that this culinary institute would be a unique and impactful addition to the region.
In a significant development the Invest Goa 2024 witnessed the signing of MoU between TVS Industrial & Logistics Park and Goa Investment Promotion and Facilitation Board, as well as Pai Kane Group and Goa Investment Promotion and Facilitation Board, solidifying partnerships.
