Assocham Urges More Funding for Goa Development Initiatives
ECONOMY & POLICY

Assocham Urges More Funding for Goa Development Initiatives

Assocham has emphasised the need for Goa to receive higher funding allocations from the central tax pool to address key developmental challenges. The organisation highlighted that sectors like public transportation, healthcare, waste management, and logistics remain critically underfunded. 

The Chamber also pointed out that just as northeastern states benefit from special grants, Goa should receive additional funds for women empowerment, child development projects, and to support the growth of the MSME sector. 

Mangurish Pai Raiker, Chairman of Assocham Goa, urged the 16th Finance Commission to consider these requests and recommend at least a 10% increase in funding to help Goa accelerate its development and match the progress of other states. He stressed that improving infrastructure is crucial for the state's growth. 

Raiker also called for targeted investments to enhance public transportation systems, benefiting both tourists and industrial activities, while also reducing traffic-related accidents. As part of this, Assocham recommended replacing Kadamba Transport Corporation’s fleet with electric buses, especially within industrial estates. 

Sagar Salgaocar, Co-chairman of Assocham Goa, highlighted the urgency of establishing women-centric healthcare centres, particularly in rural areas, to address the rising number of cancer cases among women in the state. He also stressed the importance of training and empowering farmers with modern mechanical equipment and establishing institutes to reskill and upskill youth. 

Salgaocar further advocated for the development of regional and city-level logistics and last-mile connectivity plans. He called for funding to support the creation of action plans and public-private partnerships aimed at enhancing logistics infrastructure. This, he noted, would attract investments, generate revenue, and promote skill development in the logistics sector. 

(ET)               

Assocham has emphasised the need for Goa to receive higher funding allocations from the central tax pool to address key developmental challenges. The organisation highlighted that sectors like public transportation, healthcare, waste management, and logistics remain critically underfunded. The Chamber also pointed out that just as northeastern states benefit from special grants, Goa should receive additional funds for women empowerment, child development projects, and to support the growth of the MSME sector. Mangurish Pai Raiker, Chairman of Assocham Goa, urged the 16th Finance Commission to consider these requests and recommend at least a 10% increase in funding to help Goa accelerate its development and match the progress of other states. He stressed that improving infrastructure is crucial for the state's growth. Raiker also called for targeted investments to enhance public transportation systems, benefiting both tourists and industrial activities, while also reducing traffic-related accidents. As part of this, Assocham recommended replacing Kadamba Transport Corporation’s fleet with electric buses, especially within industrial estates. Sagar Salgaocar, Co-chairman of Assocham Goa, highlighted the urgency of establishing women-centric healthcare centres, particularly in rural areas, to address the rising number of cancer cases among women in the state. He also stressed the importance of training and empowering farmers with modern mechanical equipment and establishing institutes to reskill and upskill youth. Salgaocar further advocated for the development of regional and city-level logistics and last-mile connectivity plans. He called for funding to support the creation of action plans and public-private partnerships aimed at enhancing logistics infrastructure. This, he noted, would attract investments, generate revenue, and promote skill development in the logistics sector. (ET)               

Next Story
Real Estate

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

Next Story
Infrastructure Transport

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Next Story
Technology

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement