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GIDC avails loan of Rs 200 Cr for paying interest to SEZ land allottees
Goa

GIDC avails loan of Rs 200 Cr for paying interest to SEZ land allottees

Agency News

Panaji, Aug 2 : Goa Industries Minister Vishwajit Rane on Friday informed state assembly that Goa Industrial Development Corporation (GIDC) had obtained loan of Rs 200 crore of which 142.68 crore was refunded to Special Economic Zone (SEZ) parties in addition to Rs 52 crore paid from GIDC fund.

In a written reply in response to a unstarred question tabled by MLA Wilfred D'Sa, Mr Rane said the loan would be repaid from the funds received from sale of land repossessed from SEZ parties.

He said the details of the total SEZ area with GIDC was 24,05,441m2 and the area which was still with SEZ was 14,35,445m2. The minister said as per the decision of cabinet and the order of the Supreme Court, seven SEZ allottees were required to be paid an interest amout of Rs 1,12,91,79,189.00.

The allottees were K Raheia Corporation Pvt Ltd, Paradigm Logistics & Distribution Pvt Ltd, Planetview Mercantile Co Pvt Ltd, Penninsula Pharma Research Pvt Ltd, Inox Mercantile Co Pvt Ltd, Meditab Specialities Pvt Ltd and Maxgrow Finlease Pvt Ltd. (UNI)