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Goa’s economic growth to pick up momentum soon

| Updated on: Jun 30, 2012
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Goa’s economic growth will pick up momentum from mid-July as the State Government has cleared all debts accumulated during the erstwhile Congress-led administration, the Chief Minister, Mr Manohar Parrikar, has said.

The debts amounting to Rs 1,200 crore were paid-off by the current BJP-led Government, which took charge on March 9 this year, he said.

“We have a clean slate now. Economic growth will be fast paced from mid-July onwards,” the Chief Minister said, while addressing the Annual General Body meeting of Goa State Industries’ Association here last evening.

“The way the state was handled by the erstwhile Government was terrible. When I took over the reign, I had payable debt of Rs 1,200 crore,” Mr Parrikar said.

He asked businessmen to come up with viable policies and assured Government’s support to push them. “You help me in creating employment for locals and I will help you in earning profits.”

Goa, he said, aims to achieve 12 per cent GDP growth by the end of current fiscal and increase it to 15 per cent in the next financial year. “For this, I need a clear cut support from the business community.”

The Chief Minister assured to look into the problems being faced by ailing industrial units and come up with solutions by the end of second quarter of the current financial year.

Published on March 12, 2018

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