PANJIM: Goa Industrial Development Corporation (IDC) is awaiting the State Cabinet’s approval to transfer the loss making industrial estates of Daman and Diu, to the respective local administration after the Union Territory rejected Goa’s request for renewal of the lease for Diu industrial estate by 69 years.
There are 141 small and medium scale units located on 207 plots at the industrial estates of Daman and Diu. Most of the leases were signed 30 years ago and expired in 2015. They have not been renewed.
Speaking to Herald, IDC Managing Director Umeshchandra Joshi said the file in regards to the transfer of the industrial estates and liabilities to the respective administration has been moved to the government and cabinet approval is awaited. “Once, Cabinet nod is granted, we can proceed with the transfer formalities,” he said.
Nearly 140 units set up by Goa Industrial Development Corporation (IDC) in Daman and Diu face an uncertain future as their leases, most of them signed 30 years ago and expired in 2015, are yet to be renewed. “The industrial estate is not profitable to the State anymore,” Joshi stated.
The Collector, Union Territory of Daman and Diu had on two occasions – in 2013 and in 2015 – rejected IDC’s request for extension of lease for the Diu industrial estate by 69 years.
