Goa pitches for investment in medical device, other sectors

The Invest Goa 2024 summit commenced on Monday, setting the stage for an engaging interaction between the government and over 400 delegates, as Chief Minister Pramod Sawant makes a compelling case for Goa as a premier business destination. One-on-one meetings with investors are on the agenda, reinforcing the state’s commitment to fostering economic growth.

The day-long event is honing in on the promising sectors of logistics and medical device manufacturing, identified by the Goa Directorate of Industries, Trade, and Commerce as pivotal for attracting investments and generating employment opportunities. Pravimal Abhishek, Managing Director of the Goa Industrial Development Corporation (GIDC), revealed, “We are engaging in focused discussions with medical device manufacturers, with eight already confirming their participation in Invest Goa. This dedicated dialogue aims to explore the opportunities they seek and what Goa has to offer.”

Distinguished figures attending the summit include Thierry Van Helden, Deputy Consul General of the Netherlands; Luciano Cillario, Founder of Europstampa; and Renu Sharma, Director of the Council of EU Chambers of Commerce in India. Shrinivas Dempo, President of the Goa Chamber of Commerce and Industry (GCCI), emphasized that the summit will spotlight Goa as a global investment hub for warehousing, logistics, IT, and other industries.

Representatives from prominent IT firms such as Tech Mahindra, Mastek Ltd, and HCL, as well as entities like TVS Industrial & Logistics Park, Safeexpress, Airlift Services, and Rasna International, are set to participate. The discussions will delve into state reforms and new policies, accompanied by the release of the Goa-IDC Regulation book and the Goa Industrial Land Bank list, aiding investors in identifying potential industrial plots.

This collaborative initiative between GIDC and the Confederation of Indian Industry aims to unite corporate leaders and key stakeholders to explore and discuss investment opportunities in Goa. Chief Minister Pramod Sawant, speaking at the inaugural session, conveyed a resounding message, stating, “Now is the right time to come to Goa, invest in Goa, and grow with Goa. Do not view Goa merely as a tourist spot but as an economic powerhouse waiting to be unleashed. We believe in collaboration, not competition. Goa is beyond just the beaches—we welcome investors with open arms.” Herald Goa