Goa gets nod for first SEZ Our Correspondent / Mumbai/ Panaji August 25, 2006
In a significant development, the Union commerce ministry has given green signal to Goa's first special economic zone (SEZ) at Keri in Ponda taluka. To develop pharma park/ SEZ, the Goa Industrial Development Corporation (GIDC) had allotted around 12.32 lakh sq mt to Meditab Specialities a couple of months ago. The proposal was later sent to the Union commerce ministry. The allotted land fetched GIDC Rs 9.85 crore as per the leased rent of Rs 80 per sq mt. The annual rent of Rs 4.92 lakh is payable from the date of issue of the allotment order. Any default in the payment will attract annual interest of 15 per cent, as per the allotment letter. Meanwhile, two other companies have also forwarded their proposals to the Union commerce ministry for SEZs at Verna and Sancoale industrial estates. Besides, Goa health minister Dayanand Narvekar said last month that an information technology SEZ was proposed at Socorro. According to the SEZ policy approved by the Cabinet on 5 June, the developer of SEZ, industrial units and other establishment will be exempted from all the levies including sales tax, purchase tax in respect of all transactions made between the units or establishments within the SEZs and in respect of supply of goods and services from domestic tariff areas, units and establishment. The industries under SEZ will get exemption from payment of the stamp duty and registration fee as well. The state government will have to make exclusive arrangements in SEZ for the maintenance of law and order. ________________________________________ Cip UK To communicate globally in this 21st century, 'Roman Script' is the most popular and computer-friendly script, particularly for the language of our ancestors "Konkani" _______________________________________________ Goanet mailing list [email protected] http://lists.goanet.org/listinfo.cgi/goanet-goanet.org
