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EDC backs out from IFFI centre, SEZ plots auction

n Convention centre project to be given to Info Dept n Auctioning of SEZ plots to be handed to GIDC

the goan I network

PANAJI

The Economic Development Corporation (EDC) has decided to back out of two key projects which were entrusted to the Corporation during the tenure then chief minister late Manohar Parrikar.   

Stating this at a news conference on Tuesday, EDC Chairman Sadanand Shet Tanawade said the EDC would withdraw its services from two key projects, that of building a convention centre at Miramar and auctioning the SEZ plots at Verna.   

The State government had plans to develop a convention centre at the Dona Paula IT habitat on an area of 2,706 sq. mtrs. The complex has been planned to have an auditorium to accommodate 5,000 people, a five-star hotel, a mall and a theatre.   

The EDC had selected a Gurgaon-based company as consultant and the project design had been finalised. The tender had also been floated to construct the project under the Private Public Partnership mode.   

“We (EDC) have spent Rs 1.87 crore for this project till date. At a Board of Directors meeting, we have decided that the convention centre project will be handed over to the Information and Publicity Department. The EDC has decided that the government should return the money spent by EDC on the project,” said Tanawade.   

Tanawade also informed about EDC’s decision to withdraw as nodal agency to auction 38.40 lakh sq. mtrs of plots earlier marked under Special Economic Zone (SEZ) at the Verna Industrial Estate.   

“Then chief minister late Manohar Parrikar had taken this decision to auction these plots through the EDC. The Corporation was supposed to auction it and retain the profit margin,” said Tanawade.   

“However, the Goa Industrial Development Corporation (GIDC) is now interested in selling these plots on its own. We have, therefore, taken a board decision to withdraw from this project and we have already conveyed this decision to the GIDC,” said Tanawade.   

After having sold 48 plots 

EDC: THE ROAD AHEAD   
After having sold 48 plots as part of the first phase at Patto-Panaji, the EDC to form Patto-Plaza Phase II complex   
Proposal to be sent to govt, will help in expansion of Panaji city   
Plans afoot to develop industrial areas located in remote parts of the State   
EDC has identified land for new industries at Usgao, Sanguem, Pernem and Pirna  
EDC made a profit of Rs 50 crore for financial year 2018-19, allotted plot of 2020 sq. mtr to RBI for Rs 30 crore at Patto-Panaji   

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PMCB depositors rush to withdraw their money at Margao branch

The Goan Network
Published Sep 25, 2019, 1:57 AM IST
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the goan I networkMARGAO  Beleaguered depositors of Punjab and Maharashtra Cooperative Bank made a beeline to the Margao branch on Tuesday after news spread that the Reserve Bank of India (RBI) had imposed restrictions on withdrawal of money by account holders.   Regional Manager, Hemant Narvekar, who rushed to the city branch near the Carmelite Church on Tuesday evening, tried to reassure and pacify the anxious depositors not to panic, but there were…

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