May 15, 2014
Investment policy finalized, to move from draft to final stage anytime Policy rides on ambitious Rs 25,000 crore investment target in five years
Massive amounts of new land for 5 new industrial estates, even as old and locked in malfunctioning estates
New estates to function almost like SEZs with stand alone power, water and data
Several questions arise as policy points need more clarity
TEAM HERALD
PANJIM: On the eve of the coronation of his current hero Narendra Modi as prime minister, one of his trusted blue-eyed generals, Chief Minister Manohar Parrikar has pushed forward his most ambitious agenda- the make or break investment policy, a key point on his economic agenda.
The draft policy which went through several rounds of consultations reached a final draft stage which was seen and cleared by the CM last week. Herald accessed the final draft from government sources who indicated that a meeting has been called by the chief minister today (Thursday) of the task force which drafted the policy to ink a final approval for announcement and notification.
The draft policy which will take the final avatar, serves the single point agenda of getting investments of Rs 25,000 crore in five years, a different universe away from the Rs 37 crores in 2011-12 and a much improved Rs 238 crores in 12-13. This figure coupled with the ambitious target of 50,000 jobs is an injection of hope but with several questions unanswered, as the highlights of the policy unfold.
Mission 25,000 crore has been fuelled by plans to creating five new dedicated industrial estates, augmenting power capabilities by at least 270 MW through power generation from GSIDC’s Chattisgarh coal block and a smooth project clearance template by the new big daddy of investment, the Investment Promotion Board, headed by the chief minister himself.
The new ‘model’ industrial estates will have the provision of core infrastructure such as 24 x 7 power availability, water availability and waste management facilities, FSI/FAR incentives - Government to increase the FSI to 2 for pharmaceutical and knowledge-based industries and 1.5 for all other industrial units.
Maps of the land which can be utilized for industrial activity shall be notified along with the land use policy of the government of Goa.
The policy also plans on creating a model for the larger existing industrial estates, such as the Verna Industrial Estate, where utilities will be augmented, operated and maintained by a separate entity. A Verna Power Distribution Company Ltd. is being considered for power distribution in Verna Industrial Estate.
The big task though is the acquisition of land in five new estates when at present there is around 40 lakh square metres of land already blocked in the SEZ issue along with 10 lakhs of the land locked as industrial estates.
The bottom line for this grand Parivatran plan is in the preamble of the policy which states “The Government of Goa recognizes the need to kick-start investment in the Goan economy. The state has high potential due to the availability of a combination of port, rail, road and airport for efficient logistics, and educated population, reliable and economical power supply and plentiful water resources along with an excellent lifestyle and availability of social infrastructure”
However, this needs to be tested against some key benchmarks the most important of them being whether the common man’s Parivartan is a given, especially when lakhs of square meters of land will be acquired across talukas for the new industrial estates, logistic hubs and micro industrial zones.
http://www.oheraldo.in/News/Main%20Page%20News/PARRIKAR-rsquo-s-25-000-CRORE-lsquo-PARIVARTAN-rsquo-PLAN-FOR-INVESTMENT-READY/88690.html
Parrikar pulls out all stops for the deluge
May 15, 2014
That giant leap from a ` 238 crore investment in 12-13 to the expected ` 25,000 crores in 5 years looks unrealistic and banks heavily on new land and industrial estates, dedicated power, water and data to each of these hubs. While the policy hasn’t been announced, the final draft policy, seen by the Chief Minister is clear. Herald highlights key areas
Industrial
estates: Expand
eight add 5
Under the new investment policy the Government is planning on expanding eight existing industrial estates in Salcette, Mormugao, Canacona, Pernem, Bardez, Tiswadi, Ponda and Bicholim and setup new industrial estates in Latambarcem (Bicholim), Carambolim (Tiswadi), Shiroda (Ponda), Sacordem (Dharbandora) and Poinguinim (Canacona).
The process of acquiring land both these purposes is on.
GIDC to be infrastructrure daddy: GIDC would be the sole provider of infrastructure for the industrial estates.
It would provide power by setting up power transformers and an underground distribution network, water, data connection, effluent treatment and solid waste treatment and disposal.
Goa IDC will bill industrial units directly for these utility services.
There is alos a proposal that larger existing industrial estates, like the Verna Industrial Estate, where utilities will be augmented, operated and maintained by a separate entity will work like SEZ’s model.
Micro Industrial Zones
MIZs in each taluka “in a phased manner.” The logic is to have these as a cheap and readily available facilities. The aim is to provide infrastructure like as water, electricity and other utilities within the MIZ.
Easy Logic: 3 logistics hubs
The Government is planning three logistics hubs in Pernem, Dharbandora and Canacona. The
Pernem hub that will be around 5 lakh sq. mt, is to be developed first through the PPP route will is to include an ICD, warehousing, truck terminal, cold storage facilities, perishable agri-produce facilities, hazardous cargo facilities, workshops, container repairs
Dharbandora will also encompass around 5 lakh sq. mt. and consist of a CFS, warehousing, truck terminal, cold storage facilities, perishable agri-produce facilities, hazardous cargo facilities, workshops, container repairs etc.
A fuel pipeline between Mormugao Port and the Dharbandora hub is also planned.
The Canacona hub will consist of a warehousing, truck terminal, cold storage facilities, perishable agri-produce facilities, and workshops.
No power now but full power promised
The draft policy promises 24 x 7 quality power.
Currently, Goa gets approximately 460 MW from NTPC stations, 28 MW from NPCIL. A small quantum of power (approx. 47 MU) is procured from co-generation plants in Goa and around 16 MW of power from Reliance.
Reliance also supplies power of around 16 MW directly to industry.
The government is expecting around 270 MW from its PPP after an allocation in the Gare Pelma, Sector III Coal Block at Chhattisgarh. The coal block has the potential to power an 1800 MW power plant. The , the total availability of power from the coal block is 450 MW. 100 MW of power from the project is expected to be available to Goa by mid-2014 with the remaining available by the end of 2014;
The government is trying to get firm additional allocations from various NTPC and NPCIL plants. According to the policy, the government has also received an expression of interest from a number of companies for setting up of gas power plants. The supply of gas for the power plants would be through the GAIL pipeline from Gokak to Goa, which has already been commissioned. Gas would be made available to industries in and around Verna, Kundaim, Tivim and Colvale.
Voice and data infrastructure
All telephone exchanges in Goa are automatic. The Goa Broadband Network will be provided along the key roads in the industrial areas. Each industrial unit can connect to this network.
http://www.oheraldo.in/News/Local%20News/Parrikar-pulls-out-all-stops-for-the-deluge/88694.html
May 15, 2014
Investment Promotion Board to get Goa back to business
May 15, 2014
CM’s show all the way, to remain Chairman of IPB headed by fulltime CEO IPB to be single window conduit between investors and govt
Will supervise investment in all major boards and corporations
Ajit John
ajit@herald-goa.com
PANJIM: The Investment Promotion Board will be the new big daddy of Goas investment universe.
This will be the nodal authority for all investments which will be upwards of Rs 5 crore in the State and with a requirement of 3000 sq metrs and above.
This has been proposed in the investment policy which is expected to be made public shortly.
Projects in areas classified under the Red, Orange and Green categories as per Goa State Pollution Control Board guidelines will now have too also seek permission from this new body.
The Investment Promotion Board will be a fully empowered statutory entity, headed by a fulltime CEO and supported by a dedicated team.
The Board will be non-executive and include 9 members from industry, the Chief Minister of Goa as Chairperson of the Board, and the Industries Minister and the Tourism Minister as Joint Vice-Chairpersons.
The Board will meet on a fortnightly basis.
The CEO of the board will be a Class I Officer and Member Secretary.
The CEO shall be selected by a committee which would comprise of the Principal Secretary (Industries), and representatives selected from industry bodies/associations of Goa.
The Investment Promotion Board will be empowered to oversee and direct the Directorate of Industries, Trade and Commerce (DITC), Goa Industrial Development Corporation (GIDC), Goa Tourism Development Corporation Ltd (GTDC), Economic Development Corporation Ltd. (EDC), Infotech Corporation Goa Ltd and other concerned bodies towards speedy processing of investment proposals and investor facilitation.
The said bodies will be responsible and accountable for realization of the allotted tasks in a time-bound manner.
An MSME cell will be set up within the Investment Promotion Board and would function as a facilitator to MSME investors.
Mission ` 25,000 crore needs pillars
Infrastructure/ Road network
To facilitate transportation of containers to the Nava Sheva port and other hinterland locations, the Government is in discussions to start container trains on the Konkan Railway route. The Konkan railway will be allowing 2 slots a week for container trains from Pernem.
Private terminals/jetties
Logistics time and cost can be significantly reduced by using Goa’ vast inland waterway network. Existing underutilized jetties are proposed to be upgraded to handle break-bulk cargo while new jetties are being planned at Borim and Amona to handle containers. There are plans for several other jetties at various locations under consideration.To encourage construction of private terminals, jetties, landing areas, the government will offer a single window clearance through the Captain of Ports. The CoP will also assist the investor in getting relevant clearances from the GCZMA and GSPCB . The Government of Goa will set up the Goa Maritime Board to administer all the activities mentioned above.
http://www.oheraldo.in/News/Local%20News/Investment-Promotion-Board-to-get-Goa-back-to-business/88693.html
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