Few mega industries may shut units in Goa: GCCI

Industry body Goa Chamber of Commerce and Industry (GCCI) today warned that few mega industries in the state are contemplating to shut down their units.

GCCI had earlier pointed out to the unhealthy environment for industrial growth in the state, claiming in the last couple of years, a large number of industrial units have closed down.

"We also have feelers from-a-few large units that their managements are contemplating shutting units in Goa or shifting operations out of the state. This does not augur well for the state," GCCI said.

It said as per the World Bank's Ease of Doing Business Survey 2015, Goa is ranked 19th amongst Indian states.

"This is also acting as a deterrent to industrial investments in the state," it added.

The chamber has suggested "three to five member task force under the chairmanship of the chief minister or chief secretary should be set up to assess the problems faced by the existing units in the state and also to check the possibilities of reviving the closed units." "In industry, there is already a feeling that the government is not sensitive to its demands and without any sense of priorities, is indulging in unnecessary capital expenditure, spending funds in broadening and cementing the existing roads, constructing bridges and highways without people's demand," the chamber has said.

According to GCCI, industries in the coastal state are also highly taxed with a lot of tax distortions and disparities.