Goa unveils Exit support scheme for the sick industries

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Panaji: Goa chief minister Pramod Sawant on Tuesday unveiled “Goa-Industrial Development Corporation Exit Support scheme” to facilitate the exit of non functional industrial undertakings in the industrial estates.

Sawant in presence of State Industries Minister Mauvin Godinho and Goa-IDC Chairman Aleixo Reginaldo Lourenco were present during the unveiling of the scheme, which will be in force for a year.

Talking to reporters, Sawant said that total 423 plots spread over 12,75,000 square metres of area are lying unused for a long time either the units are closed or sick. “These are totally sick units,” he said.

The chief minister said that the scheme would come into force from June 25, 2024 and it will be active for a year.

Sawant said that land is an important resource for industrial development and availability of plots will create opportunities for existing industries and new entrepreneurs can acquire non-functional industries.
He said that this will also attract new investment and create more jobs for the state.

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