PANAJI
The Goa Industrial Development Corporation (GIDC) convened a meeting with officials from 31 banks to promote awareness of the recently notified Goa Industrial Development Corporation (Allotment, Transfer, and Sub-Lease) Regulations, 2023. The regulations aim to simplify land allotment, transfer, and sub-leasing processes in a bid to foster industrial growth in the State.
The event, titled ‘Banking on Growth: Empowering MSMEs through Collaboration’, emphasised the financial sector’s commitment to driving the growth of Micro, Small, and Medium Enterprises (MSMEs) in Goa.
GIDC Managing Director Pravimal Abhishek stated that the meeting was a step towards strengthening partnerships between banks and MSMEs to boost industrial and economic development.
“The primary objective was to educate banks on the new regulations and their role in facilitating industrial development. It also focused on fostering dialogue between banks and MSMEs to bridge financial gaps, improve credit access, and explore growth opportunities,” Abhishek said.
“It also aimed to sensitise stakeholders on the new regulations and their role in enabling industrial development, encourage collaboration by fostering meaningful dialogue between banks and MSMEs to bridge financial gaps and address challenges in credit accessibility, and empower MSMEs to thrive and contribute to Goa’s economic progress,” he said.
The IAS officer added that the interaction also provided a platform for stakeholders to address existing challenges and seek collaborative solutions.
“MSMEs form the backbone of Goa’s industrial landscape. By enhancing financial access and simplifying regulatory frameworks, we aim to empower these enterprises to unlock their potential and contribute to sustainable economic growth,” he said.
