Dear Esteemed Members of the Media, Print & Electronics,
Appended below is a Press Release from CII Goa. We would be most obliged I you could kindly carry the same in your esteemed print media. Photos attached Regards, John <mailto:john.fernan...@cii.in> ---------------------------------------------------------------- <mailto:john.fernan...@cii.in> John Fernandes <mailto:john.fernan...@cii.in> Executive Officer - Goa State Office <mailto:john.fernan...@cii.in> Confederation of Indian Industry <mailto:john.fernan...@cii.in> 502, Unitech City Center, <mailto:john.fernan...@cii.in> M. G. Road, Panaji, Goa 403 001 <mailto:john.fernan...@cii.in> Tel: 0832 - 2422790 / 2422796 / 9822982979 <mailto:john.fernan...@cii.in> e-mail: cii....@cii.in ; john.fernan...@cii.in <mailto:john.fernan...@cii.in> ---------------------------------------------------------------- CII appreciates the State Budget CII Goa Chairman Mr Atul Pai Kane & the Vice Chairman Mr Kirit Maganlal appreciated the Budget presented by the Hon'ble CM. CII has recommended the introduction of the Investment Policy in the Budget and was very pleased to note that the CM has introduced the Goa Investment Policy in the budget. Most points from the policy have been announced, including setting up of the Investment Promotion board with the Hon CM as the chairman and the Hon Ministry for Industry and Tourism as VC's. Towards the implementation of the Investment and Industrial Policy, a provision of Rs 45 crores in the budget has been made. "We are pleased to note the setting up of new industrial estates, the allotment and Sub-Lease policy announcement as also a categorical statement of no transfer of land to be allowed. We also welcome the announcement of the Govt for ensuring the release of land originally allotted to 'SEZ' for the deployment of the industries" said the statement issued by CII Goa to the press. CII had recommended Logistics Park at Dharbandora, Verna and Pernem which has been proposed in the budget. Government will also take initiatives to finalize a policy on Logistics Network including development of transport facilities, development of minor ports and jetties. The Government also recognized the development of large infrastructural projects requiring sufficiently huge amount of capital expenditure which are essential for providing necessary push to the growth and development of the State. While developing the infrastructure under the various sectors, a holistic approach shall be adopted so as to have balanced development of the State and announced to get an expert in order to get advice on holistic planning of infrastructure development for the State and announced an appointment of a specialised group to advise the Government on the issue. CII welcomed the proposals for training various govt employees as setting up its own cadre and training of people for jobs and skills where sets stipend will be paid by the govt. On the education front, they liked the concept of smart classrooms and setting up of hot spots+ wifi in all schools including the most remote areas. They also appreciated the support to students studying in prestigious universities, in India and abroad. "On agriculture, we appreciate the support price to local farmers. The development of poly houses will enhance production of veggies and flowers. The horticulture corporation to expand their operations to offer lower price vegetables across the state." said the statement. CII Goa also appreciated it as a good plan to reduce debt from the KTC, which would make it more viable and hopefully improve the services across the state. CII Goa welcomed the following budget statements: Plan to spend a further 150 crores on sports infrastructure. Netravali model village development has been provided Rs 10 crores and is a good step. Good plan with 25 crores for infrastructure to those builders who pay infrastructure tax. CII had recommended a proposal for airline hub and the there is an announcement of the Aviation policy announced with a minimum 4 aircraft and reduction in ATF. Announcement on Venture capital and angel fund was also welcomed. A lot of CII recommendations in Tax proposals have been included and they appreciated NPV extension, remove of difficulties for permission of extension, Cables at 5%, Copper entry tax to 1%, Lead at 8 %, revisiting of lease rentals, reduction of Entry tax within Goa from one local area to another , Small enterprises mergers and amalgamation so to be revisited and remission offered. The revisitng of Alvara grants is also welcomed to enable more land under agriculture funding. -- ------------------------------------------------------------------------------------------------------ Disclaimer This message, including any files transmitted with it, is for the sole use of the intended recipient and may contain information that is confidential, legally privileged or exempt from disclosure under applicable law. If you are not the intended recipient, please note that any unauthorized use, review, storage, disclosure or distribution of this message and/or its contents in any form is strictly prohibited. If it appears that you are not the intended recipient or this message has been forwarded to you without appropriate authority, please immediately delete this message permanently from your records and notify the sender. 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