‘We will maintain transparency in plot allotments’

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Give us a glimpse of the proposed industrial estates planned?

GIDC is planning to develop two world class industrial estate with 5-star amenities one each in North and South Goa. The place has been identified and the process to acquire land is going on.  It is being built to attract elite multinationals. Panchwadi and Quittol industrial estates are yet to be developed although the land has been acquired. Two allotments have been approved in Shiroda Industrial Estate.

What is the status of availability of plots?

We have 4,000 units functioning in 22 industrial estates in Goa. With expansion plans in progress at Latambarcem, Bicholim, Shiroda and Verna phase V, a total of 534,703 sq mt of land would now be available. In addition, approximate 10 lakh sq mt would be available jointly at Quitol and Panchwadi.

What is the area proposed for each plot?

We are working on developing the plots, but I assure entrepreneurs that GIDC will not only function as a land bank but continue our efforts to make industrial estates more organised.

Rumours are doing the rounds that entrepreneurs have stocked up plots in the guise of investment and in turn sell it for a higher price.

This is a challenging time. If it’s a rumour let’s keep it at that. There is also an issue of vacant plots in various industrial estates. It is found that some bought industrial plots but chose to keep them vacant.  A task force of the previous government has discovered that 144 plots in different industrial estates have been lying vacant. GIDC is working how to bring them to use.

Are they any plots remaining in the existing industrial estates?

GIDC had allotted land to the tune of 38 lakh sq mt to SEZs which is now in cold storage. We believe the government is working out ways to unfreeze this land.  In due course this problem will be solved once and for all and the large chunk of land will be free. For the approval of 3,000 sq mt land and for investing Rs 5 crore and above, entrepreneurs must now go through the Investment Promotion Board Facility (IPBF). Earlier this responsibility was with GIDC. Since IPFB is a new entity, we’ve decided to divide the responsibilities. But let it be known that the land allotment is GIDC’s responsibility.

Will the allotment of land to investors be in the same format or changes have been made in the allotment method?

The new guidelines for allotment and transfer are in the right steps to restore public trust in the corporation. Total transparency is the hallmark of the new guidelines notified by GIDC for allotment of plots and sheds in the industrial estate through GIDC allotment Regulation 2014. I assure entrepreneurs that there is no backdoor entry for manipulations in allotment of plots.

So how clear is the front door entry?

To avoid illegal transfer of plots, the corporation has come out with a detailed guideline for transfer of plots.  A four-member screening committee scrutinizes the applications and decided on the basis of criteria stated. The new provision also stipulates revision of the allotted plots in case the allotees don’t put them into appropriate use. In order to facilitate expansionary plans of the existing units, GIDC also plans to grant increase in floor area ratio for industries from the existing one to 1.5/2 so that the units can expand within the availability space, after paying charges to GIDC. This increase in FAR will also be applicable to the hotel industry on condition they abide by certain conditions.

What are GIDC’s plans to source sufficient power?

GIDC is seeking to source electricity from private feeders like Sesa Sterlite which has sold its excess power from its Amona unit to the government grid. The new mode of transmission to the industrial estates could be tested for Verna industrial Estate. The supply could be provided through bus bars (a line connecting feeder to transformer) to IDC which could manage the internal distribution of power to the industrial estates.