PANAJI
As many as 400 delegates have registered for the upcoming Invest Goa 2024 Summit, scheduled on January 29 as the State is looking at collaboration and investment opportunities across various sectors.
Managing Director of Goa Industrial Development Corporation (Goa-IDC) Pravimal Abhishek informed the media that while close to 350-400 registrations have already been received; more delegates are expected within the next two-three days. However, with a maximum seating capacity of 400 people, a thorough review process is in place to ensure the selection of the most relevant and impactful participants.
“Diverse sectors will be represented at the summit including logistics and warehousing, medical devices, food processing, pharmaceuticals, real estate, the entertainment industry as well as information technology and IT-enabled services. We are looking at potential collaboration and investment opportunities across these sectors,” he added.
The Invest Goa 2024 Summit is a collaborative initiative between the GIDC and the Confederation of Indian Industry (CII), with the CII serving as the National Partner.
Speaking about participation of real estate sector, Abhishekh noted a shift in investor preferences, highlighting challenges that industries face in undertaking land acquisition, construction, and obtaining necessary permissions. Instead, he observed a growing demand for pre-built structures, where companies can seamlessly move in.
“Due to the liberalized transfer and sub-lease mechanisms introduced by the GIDC in December 2023, the regulations will provide real estate developers with the flexibility to construct factory sheds, establish pre-agreements with companies, and subsequently transfer or sub-lease the property, allowing for more efficient business exits,” he further said.
About challenges faced by IT companies and start-ups, the IAS officer recognized their preference for “plug and play infrastructure” while explaining that startups -- often constrained by limited capital -- are seeking opportunities to test their products without the burden of significant upfront investments in land and building construction.
