GA-BUDGET-GCCI

PTI

January 30, 2020 18:47 IST

Goa: GCCI urges govt to set up task force for sick units    Panaji, Jan 30 (PTI) The Goa Chamber of Commerce andIndustry (GCCI) on Thursday urged the government to set up atask force to revive sick or closed units in the industrialestates in the state.    There are more than 300 sick or closed units inindustrial estates in Goa and the state government needs toset up a task force to revive them, the GCCI said in pre-budget recommendations submitted to Chief Minister PramodSawant.    The budget session of the Goa Legislative Assemblywill be held from February 3 to February 7. Sawant will bepresenting the budget on February 6.    “These sick units are not in the position to pay duesof financial institutions, Goa Industrial DevelopmentCorporation’s lease rent, electricity dues, etc,” the industrygroup said.    “All these units have been attached by financialinstitutions which are unable to dispose them of as the assetsare in a deteriorated condition,” GCCI President Manoj Caculosaid.    “We request to the state government that a task forcebe set up to study the issues of closed units and come up witha scheme for auction of these assets,” the industry bodysuggested.    The GCCI also claimed that despite the governmentpromising to source at least 50 per cent of its requirementsfrom local manufacturers, outsiders often bag orders.    The chief minister should formulate a procurementpolicy in this regard, it said.    To “raise the revenue through available resources”,the GCCI also suggested one-time settlement for pendinglitigations under Value Added Tax (VAT) and Service Taxregimes. PTI RPS APKRK KRK

(This story has not been edited by THE WEEK and is auto-generated from PTI)

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