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'Open SEZs for state's eco growth, employment'

Written by: Staff

Panaji, Nov 22: The Goa Chamber of Commerce and Industry(GCCI) today strongly pleaded that the State Government not delay the process of setting up the much-awaited Special Economic Zones (SEZs) that were aimed at benefitting the state economically besides providing the youth with the employment potential.

''The SEZs are the need of the hour and we have been persuading the State Government for more than six years to benefit the unemployed youth and boost economy,'' the GCCI stated in a communique here today.

The Goa government had commissioned the Price Waterhouse Coopers to study feasibility of setting up of SEZs in the island but there had been no progress so far despite the body sending two reports to the state, the GCCI said.

With the IT and tax concessions that were given to Goa coming to an end, the request of the Chamber to extend these concessions has not been granted.

Union Finance Minister P Chindabaram also made it clear during his address of the Chamber on May 30, 2005 that no further concessions would be given and the only way to progress would be to establish SEZs.

A multi-commodity SEZ would require large tracts of land and this is not possible with the limited land available in this state. Hence, the requirement of establishing smaller commodity specific SEZs in the state. The Chamber supports these land allocations so that economic progress and sustainable growth was assured.


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