Business EconomyPosted at: Jan 14 2018 4:43PM

Panaji, Jan 14 (UNI) The Government of Goa and Goa Industrial Development Corporation (GIDC) has taken into consideration the persistent demand of the industrial sector to have increased coverage and floor area ratio (FAR) of the plot in order to maximise the utilisation of plots, given the constraints of availability of industrial land in the industrial estates.
Addressing a press conference in the city on Saturday, Goa Industrial Development Corporation Chairman Glen Souza Ticlo, in the presence of GIDC Managing Director Narayan M Gad and other directors of the Board Shekhar Sardessai and Rajkumar Kamat, said there was increase in demand from the new and existing entrepreneurs to make available industrial land.
While highlighting the amendment of the Goa (Regulation of Land Development and Building Construction) Act 2008 and Goa Land Development and Building Construction Regulations, 2010, Mr Ticlo said the amendments were applicable to all the industrial estates and all the lands owned or held by GIDC.
The modified rule has reduced the existing side and rear setback upto three meters, and for open space and general utility space it has been reduced to upto ten per cent in order to increase the land coverage from 50 per cent to 60 per cent.
Mr Ticlo said that a total of ten lakh square meters of land would be made available under the new modified rules and the modified rules would provide advantage to industries and new entrepreneurs.
UNI AKM 1633

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