PANAJI: The Goa Industrial Development Corporation (GIDC) is working on establishing specific construction regulations for industrial units to streamline the process of obtaining permissions for industrial sheds. These new building bylaws aim to optimize the built-up area available for manufacturing units in industrial estates.
This policy is crucial as Goa is quickly depleting its industrial land. GIDC intends to maximize land utilization for industrial purposes, particularly since many manufacturing units are unable to expand vertically due to the use of heavy machinery.
“We plan to introduce our own building bylaws in industrial estates to simplify regulations and maximize the area available for industrial use. This initiative is in progress, and we aim to implement it soon,” stated Industries Minister Mauvin Godinho during a recent meeting with industrialists.
Godinho mentioned that the government has already allowed manufacturing units to increase their Floor Area Ratio (FAR) to 300 for vertical expansion. “In terms of land, Goa is not like other states that can offer large parcels for free. Such provisions are unfeasible in a small state like Goa,” he added.
Prime industrial land in areas like Verna, Pilerne, Tuem, and Latambarcem is nearly exhausted. GIDC has effectively utilized 40% of the industrial land reserved for investments sanctioned by the Goa Investment Promotion Board.
With the diminishing industrial land, the government is actively exploring a policy to facilitate the use of private land for new investors wishing to establish operations in Goa.
Godinho also advised industrialists to manage their expectations regarding a swift economic recovery. “Recent developments, such as an agreement involving (US President) Trump and Iran, could stabilize oil flow, significantly impacting the industry. The global economy is affected, and recovery will not happen overnight,” he noted.
He cautioned that industries should brace for ongoing challenges due to the El Niño effect, water shortages, and other geopolitical shifts.
