Digital Goa, Jan 29 – Floor area ratio (FAR) for constructions in Industrial Estates will be doubled, announced Industries Minister Mauvin Godinho while speaking at a press briefing on the sideline of Invest Goa Summit 2024. He also opined that the GPS and GIS-based land bank related to plots in Industrial Estates which are linked with Gati Shakti portal will help in transparent allocation of land to industries.
▪️ TVS’s logistic park to create 1000 jobs
Mauvin informed that Govt has signed two MoU’s during the summit, one with TVS Industrial & Logistics Park and the other with the Pai Kane group for energy equipment production . TVS Industrial & Logistics Park is looking to invest around Rs 125 crore in developing a Grade A logistics/warehousing park to cater to both industrial and warehousing demand (from e-commerce and 3PL). This will create direct and indirect jobs to the tune of 1000, he said. When queried about the venue for the park he said it has not yet been finalised.
▪️ 20% of land in Industrial Estates in Goa unutilised
Pointing out that nearly 20% land in all the 23 Industrial Estates across Goa in unutilised, Mauvin said that the new GIDC regulations related to allotment, transfer, and sub-Lease of industrial plot will help improve the utilization of land in IDC for productive purposes. As the regulations also propose waving away transfer fees, sick units can use their infrastructure for some good activity, he added.
▪️ 43 plots available for e-auction in industrial estates in Goa
Total of 43 plots are available for e-auction at Industrial Estates in Goa, 16 at Verna IDC and 27 at Latambarcem Industrial Estate. The plots at Latambarcem are earmarked only for Food & beverage sector industries.
