Goa Industry upbeat over notification on subleasing policy by state govt

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Panaji: Goa State Industries Association (GSIA) has welcomed the decision of state government to notify Goa Industries Development Corporation (GIDC) Allotment, Transfer and Sublease Regulations.

GSIA President Damodar Kochkar on Friday said that this notification will anoint ease of doing business in the coastal state of Goa.

“I am extremely delighted that finally the long awaited GIDC (Allotment, transfer & Sublease) regulations 2023 has been notified. It was a long pending demand of Industries to establish proper ease of doing business in the state. GIDC affairs was one of the main hurdle,” Kochkar said, in a media statement issued here on Friday.

He said that even after releasing New Industries Policy to boost Industrial growth in the state two years ago, the necessary amendment to the acts and regulations was not done.

“This notification released by the current Govt. of Goa will certainly set a path for a new era of ease of doing business in Goa,” he said.

Kochkar thanked Chief minister Pramod Sawant, Industries Minister Mauvin Godinho and GIDC chairman Aleixo Reginaldo Lourenco for the notification.

He said that the notification will simplify all the transactions between the industry and GIDC.

Kochkar said that each and every transactional procedure is simplified and well laid out in these regulations.

“One major change to note is that absorbent transfer fees for transfer of industrial plots has been completely repealed,” he pointed out.

The GSIA chief said that this will certainly allow new investors to come forward to take over sick units in various Industrial estates which will in turn increase the economic activities and there by creating new jobs and revenue to the state.

“From now onwards Industrial plots are opened up for godowns and logistic activities, officially with this notification,” he said.

Kochkar said that the sublease procedure is simplified and is made more transparent and easy. “This will allow current unit holders to offer their spare space for others. This simplification in procedure will also put an end to illegal subleasing,” he added.

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