May 2020 \ Business & Investment \ BUSINESS AND GOVERNANCE
“Tap MNCs exiting China”

Focus on quality and not volume-based tourism, promotion ...

Focus on quality and not volume-based tourism, promotion of start-up firms, improving transport infrastructure, and lobbying hard to attract MNCs which are looking to exit China are some of the recommendations made by economic revival committee appointed by the Goa Government to boost economic activity in the light of the Covid-19 pandemic.

The recommendations made in the report, which are being studied by the Chief Minister’s Office, also include extension of the ongoing moratorium on repayment of loans to a further six to 12 months, merger of all co-operative credit society and lowering of interest rates on loans. The economic revival committee headed by Goa-based mining magnate Shivanand Salgaocar, also recommends suitable amendments to the The Goa, Daman & Diu Mining Concession (Abolition and Declaration as Mining Leases) Act 1987, which could permit mining operations, which have been barred since 2018 on account of irregularities in lease renewal processes, to resume without hindrance till 2037.