Pre-Budget: Goa industries want Govt to clear stand on mining
Panaji: With the Budget session of the Goa Legislative Assembly beginning tomorrow, industry is expecting the state government to make its stand clear on the crisis-hit mining sector and creation of employment for locals.
Chief Minister Manohar Parrikar will present the Budget 2018-19 on February 21.
The Goa Chamber of Commerce and Industry (GCCI) in its pre-budget memorandum stated that creation of 50,000 jobs by attracting investment of Rs 25,000 crore in the coastal state can be done only if tax exemptions are offered.
"The union Department of Industrial Policy and Promotion (DIPP) has notified guidelines for the excise free zone scheme for eligible manufacturing units in Jammu and Kashmir, Uttarakhand, Himachal Pradesh and North Eastern States including Sikkim," GCCI said in the memorandum submitted to state government.
Companies who have units operating in these states will get reimbursement of 58 per cent on the Central Goods and Service Tax.