PANAJI: The Goa Chamber of Commerce and Industry (GCCI) submitted its pre-Budget memorandum for the State Budget 2025-26 to Chief Minister Dr Pramod Sawant. The memorandum, handed over by GCCI President Shrinivas Dempo, was prepared after extensive consultations with industry stakeholders and contains key recommendations aimed at boosting ease of doing business, improving infrastructure, and fostering overall economic growth in the State.
The delegation included GCCI Vice President Pratima Dhond, GCCI Secretary Yatin Kakodkar, along with GCCI Treasurer Rohan Bhandare, who is also the Chairman of Taxation and Financial Services. Milind Prabhu, Chair of the GCCI IT and Start-up Committee, and Sanjay Amonkar, Director General of GCCI, were also part of the delegation.
There are many key recommendations. GCCI reiterated the urgent need for a mass transport system for reliable and efficient commuting, especially in light of the two operational airports in the state and the upcoming three new eight-lane highways connecting to Goa. The need for industrial infrastructure development was another: an urgent need for Common Effluent Treatment Plants, Hazardous Waste Disposal Facilities, and Common Firefighting Systems in Goa’s 23 industrial estates.
The memorandum suggested that no new taxes or increase in existing taxes should be imposed on industries. Also, amendments to VAT laws were suggested to prevent double taxation on input tax credit for discounts received.
