Categories: Goa News

Local businessman express satisfaction over govt policies



Excluding the Digital India initiative, local businessmen on Thursday expressed satisfaction with the government’s economic policies. Industrialists said that, they backed the center’s measures aimed at boosting industry and trade.

Information gathered by this daily reveals that, local unit owners  are giving the thumbs up to GST, reforms in taxation and infrastructure spending. However they are skeptical of the success of digital India in making all citizens savvy with online transactions.

Especially small shopkeepers and traders said that, they thought poorly of digitalization due to absence of POS machines and poor network connectivity.

“The cost of POS machine has shot up to Rs 750 and the machines are in short supply. Very few customers are willing to use card for small transactions,” said a hardware store owner in Panaji market. He pointed out that, most local shopkeepers had accounts with co-operative banks which lacked POS machines.

Sandip Bhandare, president, GCCI, pointed out that, GST is the biggest success of the government since it reduced the cost of raw material and made Goan units competitive with other states. “Over a period of time lot of issues in GST have been solved and the government is very receptive to suggestions. Further they have never imposed penalties for late filing,” said Bhandare.

For Veran based, Sudin Naik, founder, Shaun Filaments, GST as well as reduction of red tape in doing business are two positive contribution of the current government. “Most central permissions for PF, ESI are online and it has greatly eased doing business,” said Naik.

Similarly Blaise Costabir, founder, Zarhak Moulders, Verna, said that, initially it was thought that GST would be too difficult to implement and the fact that the government did it across the country must be lauded.”

Light store owner, Abdul Majid, Panaji, added that, the government is on the right track in its economic policies.

On the other hand local unit owners gave the thumbs down to government handouts to farmers and the poor. Costabir said that, he is disappointed in the polarization taking place among citizens and the “deep distrust against dissent.”

While Bhandare, pointed out that, initiatives like startup India, standup India and Digital India have yet to bear fruit.  “The processes in doing business have to made simpler and reforms in  labour laws have to be made,” said the GCCI president.



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