Panaji: The Goa Industrial Development Corporation (Goa-IDC) has extended its Exit Support Scheme by three months to facilitate the transfer of non-functional industrial units and unlock underutilised industrial plots across the state.
The extension, effective September 9, 2026, was approved at the corporation’s board meeting to provide additional opportunities for existing entrepreneurs to transfer their leasehold rights and enable new entrepreneurs to take over idle industrial plots.
According to Goa-IDC, 56 transfer cases have benefited from the scheme so far, representing a proposed investment of Rs 165.29 crore and 1,969 proposed employment opportunities.
The scheme was initially launched on June 25, 2024, and was subsequently extended for six months in July 2025. The latest extension aims to sustain efforts to revive industrial estates by facilitating the exit of non-functional units and encouraging fresh investment.
Under the scheme, eligible older industrial units can be transferred without first fulfilling the minimum 30 per cent built-up requirement. The incoming entrepreneur is given two years to meet the prescribed requirement. The scheme also provides a waiver of lease rent for the first year following the transfer.
Industries Minister Mauvin Godinho said the initiative seeks to prevent industrial land from remaining underutilised and provide entrepreneurs with an opportunity to revive existing assets.
The corporation is also taking steps to address non-functional industrial units across the state. Of the 436 such units identified, 99 have resumed commercial operations following Goa-IDC’s intervention, while 18 unit holders have submitted undertakings to restart operations within six to eight months.
Eviction orders have been issued to eight units, while 255 cases are currently under hearing, the corporation said.
Goa-IDC Chairman Aleixo Reginaldo said the scheme provides a structured mechanism for entrepreneurs to take over and revive industrial assets that are no longer functioning.
The objective is to facilitate revival wherever feasible and ensure that plots belonging to units that are no longer viable are put to productive use, he said.
The corporation expects the scheme to encourage fresh industrial activity, investment and employment generation in the state.
