Panaji, Aug 26 (KNN) The Goa government plans to accord industrial status for logistics and warehousing, a move that could boost the state’s ambition to become a logistics hub.

The Goa Industrial Development Corporation (GIDC) on Friday held a day-long consultation with industry stakeholders in order to build consensus regarding the proposed reforms and amendments to GIDC Act and Goa-IDC regulations.

These reforms include liberalisation of transfer and sub-lease rules, standardised procedures, and industrial status for logistics and warehousing.

GIDC managing director Pravimal Abhishek said that the government has recognised the need for operational efficiency. 

He said that the revised laws will introduce simplified and standardised procedures that eliminate bottlenecks and reduce bureaucratic hurdles. 

Industry players provided feedback about the existing bottlenecks and measures that can enhance ease of doing business in Goa through policy measures and streamlining of GIDC’s operations.

“We are doing everything possible to ensure ease of doing business so that more employment and entrepreneurship opportunities are created for Goan youth. This legal reform is one of the major steps in our endeavours,” said GIDC chairman Aleixo Reginaldo Lourenco.  (KNN Bureau)