Amidst dropping industrial investments, the Goa government has sought a five-year tax holiday for the new investment in the state.
Chief Minister Laxmikant Parsekar said the state government has drawn ambitious plans to attract new investment and also encourage the existing industries to expand their base in Goa.
"During my recent presentation before Union Finance Minister Arun Jaitley, I have asked for five year tax holiday. This will help us attract more investment in the state," the chief minister said.
He conceded that the industrial development in the state is "not good."
Parsekar said the tax holiday will work as an incentive for the industrialists who want to come to Goa.
"We have set up investment promotion board which is single window clearance for the industrial investment. There are tax holidays offered to some North Eastern states," he said.
Parsekar said in the coming year state government intends to increase the job opportunities in the private sector.
"The closure of mining industry has left many unemployed. Similarly, the number of youths passing out every year is adding to the number of job seekers. While welcoming industries we will try to see that they provide maximum jobs," the chief minister said.
The state government, he said, would be participating in Bhartiya Pravasi Diwas organised by Gujarat government to interact with investors and offer them to visit Goa.
