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
Infrastructure Urban

Reliance, Diehl Advance Pact for Precision-Guided Munitions

Diehl Defence CEO Helmut Rauch and Reliance Group’s Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence’s long-term commitment to the Indian market and its support for the Indian Government’s Make in India initiative. The partnership’s current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the “Vulc..

Next Story
Infrastructure Urban

Modis Navnirman to Migrate to Main Board, Merge Subsidiary

Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company’s growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..

Next Story
Infrastructure Urban

Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025

The Bharat InvITs Association’s industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States’ share of global activity below 15 per cent. Meanwhile, in..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?