Current Affairs

Budget 2012: Make Goa the most investor friendly destination

Announcing the Goa Budget 2012, the Chief Minister, Manohar Parrikar in his budget speech stated that he would make Goa the most investor friendly destination.

However, while opening doors to business investors in Goa , Parrikar also strongly added a subtle warning, when he stated that Goa will be governed only from Goa and by Goan themselves.

Targeting a 15 per growth, the budget size has been increased to 9549 crore as against last year’s budget of 8013 crore which is a 19 per cent increase. The Budget plan outlay size has also increased to 4154 crore as against 3194 crore of last year – which a 32.75 per cent increase.

The government opens doors to Banking and Financial companies to set-up back-office operations and BPO services in Goa and also plans to set up a world-class convention and exhibition centre for which different stake-holders will be appointed to bring forth their ideas and concepts.

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