Goa, Sept. 5 -- At its 398th board meeting, theGoa Industrial Development Corporation (GIDC)proposed selling2 lakh sq metres of recovered SEZ land at SancoaletoGoa Shipyard Ltd. Chairman Aleixo Reginaldo Lourenco said the land price was fixed at Rs.4,000 per sq metre, with the deal valued at about Rs.81 crore. He added that the sale would be conditional-ensuring 50% local job opportunities, at least half of procurement from MSMEs, and setting up a CSR-led training institute. The stipulations, he said, aim to protect local interests after earlier setbacks.

Published by HT Digital Content Services with permission from Herald Goa....