At its 398th board meeting, the Goa Industrial Development Corporation (GIDC) proposed selling 2 lakh sq metres of recovered SEZ land at Sancoale to Goa Shipyard Ltd. Chairman Aleixo Reginaldo Lourenco said the land price was fixed at ₹4,000 per sq metre, with the deal valued at about ₹81 crore. He added that the sale would be conditional—ensuring 50% local job opportunities, at least half of procurement from MSMEs, and setting up a CSR-led training institute. The stipulations, he said, aim to protect local interests after earlier setbacks.