Goa Industrial Development Corporation (Goa-IDC) successfully organised a landmark event, ‘Banking on Growth: Empowering MSMEs through Collaboration’. The event saw the participation of 31 leading banks, underscoring the financial sector’s commitment to driving the growth of Micro, Small, and Medium Enterprises (MSMEs) in Goa.
The primary objective of the event was to foster collaboration between the banking community and MSMEs to support Goa’s industrial and economic development. It also aimed to sensitise stakeholders about the recently notified Goa Industrial Development Corporation (Allotment, Transfer, and Sub-Lease) Regulations, 2023, which streamline processes for land allotment, transfer, and sub-leasing to facilitate industrial growth in the state.
Key Objectives of the Event:
• Promote Awareness: Educate the banking community on the new regulations and their role in enabling industrial development.
• Encourage Collaboration: Foster meaningful dialogue between banks and MSMEs to bridge financial gaps and address challenges in credit accessibility.
• Empower MSMEs: Highlight opportunities for banks to play a pivotal role in financing MSMEs, enabling them to thrive and contribute to Goa’s economic progress.
Key Highlights of the Event:
• Participation from 31 banks, representing diverse financial institutions committed to industrial growth.
• Keynote Address: Delivered by Santosh Kenkre, Chartered Accountant and financial expert, focusing on actionable strategies for financing MSMEs in Goa.
• Presentation on New Regulations: Delivered by Sunidhi Sawhney, Consultant, Goa-IDC, who outlined the benefits and streamlined processes introduced by the new regulations.
• Industry Perspectives: Insights shared by Anirudh Dempo, President of Goa State Industries Association (GSIA), and Yatin Kakodkar, Honorary Secretary of Goa Chamber of Commerce and Industry (GCCI).
• Interactive Session: A collaborative discussion between banks and industry stakeholders, providing a platform to address challenges and identify opportunities for mutual growth.
Speaking at the event, Pravimal Abhishek, IAS, Managing Director of Goa-IDC, highlighted the importance of partnerships between banks and MSMEs, stating: “MSMEs are the backbone of Goa’s industrial ecosystem. By improving access to financial resources and streamlining regulatory processes, we aim to empower MSMEs to reach their full potential and drive sustainable economic growth in the state.”
Goa-IDC remains dedicated to fostering industrial development and supporting MSMEs by creating an enabling environment for their growth. The Corporation looks forward to continued collaboration with the banking community and other stakeholders to achieve shared objectives, states a press release.
