During its 370th Board Meeting, the Goa Industrial Development Corporation (GIDC) disclosed a revenue shortfall of Rs 30 crore for 2019-20.
The corporation did not disclose its projected revenue for the current year 2020-21, as it is relying heavily on auction of 24 lakh square of SEZ lands to bolster its earnings.
One of the items taken up on the agenda by the members’ at the meeting was to finalize a consultant for auction of SEZ land. In October the corporation had floated the tender for appointment of consultants for economic planning and development for commercialization of land parcels earmarked for auctioning.
As per the tender document, the consulting firm will have to identify relevant sectors or companies to target as investors for the land. The consultant would also be responsible for benchmarking and executing marketing strategy for the SEZ property.
For GIDC to raise funds speedily, few of the board members were in favour of quick allocation of five lakh square metres of SEZ land to industrial units in the state before going in for auctioning of the balance 19 lakh square metres of land. However, after discussion, it was decided to go by the tender and auction the complete 24 lakh square metres of land.
Board members were also presented with the task of ratifying the consultant chosen by the government as regards the Dongri Tal II coal block allocated to GIDC. However, members refused to give their permission to the same on the grounds that GIDC had no role to play in the matter as appointment of consultant was by the government.
Recently the government had appointed a ‘XYKno Capital Services Private Ltd as the consultant for the Dongri Tal II coal block. The appointment was by the private partnership (PPP) cell of the state. As per the agreement, a ‘XYKno Capital services will help GIDC prepare the request for proposal (RFP) document to appoint the mine developer and operator (MDO) for the coal block.
