Hike in lease rent: Industrial body to ask GIDC to maintain status quo

  • | Friday | 20th April, 2018

Panaji: Opposition to Goa Industrial Development Corporation’s (GIDC) move to hike the lease rent payable by industrial units continues to grow. “The government should either give a grant to GIDC or it should take up the maintenance and thus eliminate the need for this hike.”After its board meeting on April 4, GIDC, which is struggling financially, issued demand notices based on the revised lease rent and raw water charges on April 9 to industrial units. GIDC had discussed the issue at its board meeting but chose to implement the move even before the minutes of the board meeting could be finalised.“GCCI will write to GIDC and recommend that it should not implement the revised rates,” Bhandare said.While calling for GIDC’s move to be put on hold, industrialists said that GIDC should bring in efficiency, transparency and reduce manpower by adopting technology to help reduce expenditure. Several industrialists on Thursday urged GIDC to implement reforms instead of making the industrial sector a soft target.Goa Chamber of Commerce and Industry (GCCI) held a special meeting of all industrial estate association heads where it was suggested that the GIDC could initiate measures to reduce its expenditure rather than looking to increase revenue by taxing industries.Livid over GIDC’s move, several industrialists said that the corporation was “extorting from the industry” by making “unreasonable and unjustified” demands which were not “legally tenable.”“We have found that many members find the rise in the lease rent exorbitant,” GCCI president Sandip Bhandare said.

Panaji: Opposition to Goa Industrial Development Corporation’s (GIDC) move to hike the lease rent payable by industrial units continues to grow. Several industrialists on Thursday urged GIDC to implement reforms instead of making the industrial sector a soft target.Goa Chamber of Commerce and Industry (GCCI) held a special meeting of all industrial estate association heads where it was suggested that the GIDC could initiate measures to reduce its expenditure rather than looking to increase revenue by taxing industries.Livid over GIDC’s move, several industrialists said that the corporation was “extorting from the industry” by making “unreasonable and unjustified” demands which were not “legally tenable.”“We have found that many members find the rise in the lease rent exorbitant,” GCCI president Sandip Bhandare said. “The government should either give a grant to GIDC or it should take up the maintenance and thus eliminate the need for this hike.”After its board meeting on April 4, GIDC, which is struggling financially, issued demand notices based on the revised lease rent and raw water charges on April 9 to industrial units. GIDC had discussed the issue at its board meeting but chose to implement the move even before the minutes of the board meeting could be finalised.“GCCI will write to GIDC and recommend that it should not implement the revised rates,” Bhandare said.While calling for GIDC’s move to be put on hold, industrialists said that GIDC should bring in efficiency, transparency and reduce manpower by adopting technology to help reduce expenditure.

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