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10/07/2019 02:43pm

Goa govt modifies law to open up more space in industrial states to accommodate new investments

image Goa govt modifies law to open up more space in industrial states to accommodate new investments

Panaji, July 10 (KNN) Goa Government has modified its law to open up more space in its industrial estates to accommodate new investments in the coastal state.

This law will de-freeze around 3.7 lakh sqm of land in various industrial estates across the state, Goa Industrial Development Corporation's Chairman Glenn Ticlo reported.

He said unavailability of land was one of the major issues affecting the industrial growth in the state.

But now, the state government has amended the Goa (Regulation of Land Development and Building Construction) Act-2008 and the Goa Land Development and Building Construction Regulations-2010. The exercise of identifying more land to attract new investments would be completed in next three months, he said.

Goa government is also looking at distributing 24 lakh sqm of land, which has been unlocked from Special Economic Zone (SEZ) promoters, to new and existing industries, said the chairman of the state-run body. There are around 2,489 big and small units spread across 23 industrial estates in Goa.

Verna in South Goa district is the largest estate with 539 industrial units, followed by Kundaim in North Goa district having 356 units.

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