Team Herald
PANJIM: Goa Industrial Development Corporation (GIDC) on Thursday granted in-principle approval to the new IDC Transfer and Sub-lease Regulation 2017, which will focus on bringing transparency in the transfer of industrial plots-cum-properties owned and controlled by the corporation on lease or sub-lease purpose.
The new regulation places a ban on transfer of plots for red or negative industries like tobacco and liquor. Also, plots lying vacant, will not be permitted to be leased or sub-leased.
Currently the 2013 regulations are in place for transfer of plots on lease or sub-lease basis for industrial purposes. There are total 22 industrial estates operational in the State.
GIDC members met on Thursday morning under the chairmanship of Glen Ticlo and granted approval in-principle to the new regulations. The document will now be circulated to Goa Chamber of Commerce and Industry (GCCI), Goa State Industries Association (GSIA) and Goa Small Scale Industries Association (GSSIA) for inputs.
Sources said that the objective of the regulation are to bring complete transparency in the lease and sub-lease process and also to set a time limit to clear the application, which is currently 21 days. “There was a need to bring in much needed preventive measures and restriction of all kind of transfer of properties and plots owned by IDC,” sources said.
Sources said that there are clear directions that the allottee cannot transfer the right of the plot without obtaining GIDC permission. “GIDC act as a facilitator for leasing or sub-leasing of the plot,” sources said.
The new regulations do not allow transfer of plots, which are unutilised by the allottee, but the plots where even 10-20 percent work has been undertaken will be allowed to lease or sub-lease it.
As per the report, almost 65 percent of the plots allotted in the last two years are vacant in various industrial estates. In all 110 plots were allotted in last two years, of which 72 are vacant even today. Plots which are completely vacant, will be taken back by the Corporation.
