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Friday, 06 April 2007 06:59

Before the Liberation of Goa

The Goa Chamber of Commerce and Industry, originally known as Associacao Commercial da India Portuguesa dates back to 1908 and is one the oldest Chambers of Commerce in India.

Ever since its formation, the Chamber has handled various issues concerning trade and commerce. It has been very active and played a very important role in the development of the State. It has a number of initiatives to its credit. It lead from the front in times of great stress :

  • In 1911, the Chamber persuaded the Government to initiate the construction of a new jetty near the dock of Nova Goa, i.e., Panaji (The capital city of Goa), for the loading of cargo . It was at the Chamber's initiative that a banking house was started under the name of Banco da India Portuguesa in 1914.
  • On 20th, december 1914 the new Managing Committee was elected. The new Committee among other things requested the Local Government to charge 10% on the value of motor cars and not a fixed charge for - aiotot cars as that was disproportional. It also suggested the cultivation of wheat at Nagar Haveli, Embarbacem, Satari and Cotigao as the import of foreign wheat was prohibited. It also proposed the foundation of a Banking House annexed to Chamber of Commerce to facilitate the commercial transaction, Industries and agriculture authorized legally as per the Law dated 27/4/1901.
  • On 27th, december 1920 new Managing Committee was elected. In the month of July 1921 the Managing Committee protested against the increase of stamp duty as the merchants were already overtaxed.
  • In 1916, the Chamber catalysed the steamship service between Goa and Portugal to boost trade between the two countries.
  • In the month of October 1923 the Managing Committee requested the Governor of B.N.U. (Banco Nacional Ultramarino) in Lisbon to suspend the order by which all merchants had to make full payments of sight drafts and letters of credit.
  • In 1929, it persuaded the Government to modernize and expand the dock facilities to keep pace with the increased traffic.
  • In 1954, when the Govt. of India imposed an economic blockade against Goa, the Chamber arranged for a Portuguese shipping company to touch Goa directly to minimize hardships to the local population.

Thus it is primarily due to the pioneering efforts of the Chamber that the basic facilities like banking, mercantile marine services, a communication infrastructure and other amenities necessary for the smooth functioning of business and industry were developed in Goa.

After the Liberation of Goa

Goa was liberated from the Portuguese rule in 1961. At that time the Chamber had about 300 members. On June 12, 1962 a new constitution was adopted and the name "Associacao Commercial da India Portuguesa" was changed to "Goa Chamber of Commerce & Industry".

Today, this is the only apex body for trade, commerce and industry in Goa with its own premises and Secretariat. It has around 500+ members which include small, medium and large scale business houses, service and trading establishments and professional bodies.

The Chamber has had the honour of playing host to several important dignitaries like the President of the Portuguese Republic H.E. Professor Anibal Cavaco Silva, Pandit Jawarhalal Nehru, Shri Moraraji Desai, Atal Behari Vajpayee, Dr. Manmohan Singh, Dr. Abid Hussain, Dr. C Rangarajan, Shri Nani Palkiwala to name a few.

Last Updated on Sunday, 26 June 2011 14:37


President Desk - GCCI Bulletin February 2016

President Desk - GCCI Bulletin February 2016

Dear members, One of the important matters with the Chamber in January, is the drafting of the pre-budget memorandum to be presented to the Union Finance Minister before the finalization of the Union Budget for the forthcoming financial year. It is generally a matter of routine, highlighting issues of one of the smallest states of the... [Read more...]

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Address: Narayan Rajaram Bandekar Bhavan, T.B. Cunha Road, P.O. Box 59 Panaji, Goa, India. Pincode: 403001.