PANJIM: In a move to enhance the ease of doing business in the State, the Goa Industrial Development Corporation (Goa-IDC) has notified the Goa Industrial Development Corporation (Allotment, Transfer, and Sub-Lease Regulations), 2023.
The Corporation initiated the comprehensive reforms of the laws and regulations governing the functioning of Goa-IDC with an objective to align with the Goa Logistics and Warehousing Policy 2023 and Goa Industrial and Investment Policy 2022.
If you enjoyed reading this article, you can help support our journalism by adding OHeraldo as a preferred source.
The project was taken up in collaboration with Invest India in order to adopt the best practices from other States and countries in consultation with key government stakeholders. Additionally, consultations were also held with industry bodies and based on these, the new regulations were drafted to consolidate, simplify, and standardise the existing regulations of Goa-IDC, ensuring a more coherent and effective framework for industrial development in the region.
Industries Minister Mauvin Godinho stated that the new regulations 2023 is the government’s commitment to promoting sustainability and transparency in the process of plot allotment.
Goa-IDC chairman and MLA Aleixo Reginaldo Lourenco stated that the new regulations place a strong emphasis on standardising and simplifying all processes of plot allotment. This strategic move is designed to enhance efficiency and clarity in the management of allocated plots.
