| Goa allots land for pharma, biotech SEZs |
| Our Regional Bureau / Panaji August 01, 2006 |
| Goa Industrial Development Corporation (GIDC) has allotted more than 12 lakh sq mt land for a pharma special economic zone (SEZ) at Keri in Ponda taluka, and another 6 lakh-plus sq mt for biotech parks. Industries Minister Luizinho Faleiro said that 12.32 lakh sq mt has been allotted by GIDC to Meditab Specialities for setting up a pharma park at Keri. The application of Meditab has been forwarded to the Ministry of Commerce, Government of India, he added. "As per the allotment letter, the plot is leased at the rate of Rs 80 per sq mt, which will fetch GIDC Rs 9.85 crore. The annual lease rent of Rs 4.92 lakh is payable from the date of issue of allotment order and default in the payment will attract annual interest at the rate of 15 per cent," the minister said. It has also been stated that no construction would be allowed to be undertaken unless the land is converted to industrial use and plans are approved by GIDC. "The company has to make its own arrangement of infrastructure requirement like water supply, power supply, telecom facility etc at its own cost, |
