GOA: 5 lakh sq. meter of SEZ land to be e-auctioned by GIDC

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The Goa Industrial Development Corporation finding it hard to identify a consultant to auction the land repossessed from promoters of SEZ has finally decided to try and auction off around 5 lakh sqm of industrial land at Verna through the e-auction process.

The e-auction could be executed through the e-auction platform of the National Informatics Centre or public sector bank as per the proposal submitted to the state government. Also, the five-member committee which was appointed for selecting a consultant for marketing the SEZ land has now been asked to oversee the e-auction process.

An official said, “The GIDC does not have its own e-auction platform. We have given the documents to see if their platforms can be designed as per the parameters required by us for the e-auction,”. For this e-auction process, NIC and two other PSU banks have already given the GIDC a presentation on how e-auction can be held.

The GIDC is paying a steep monthly installment of close to Rs 4 crore to repay the Rs 200 Short-term loan taken from the Oriental Bank of Commerce. It took the loan in May 2019 to pay back the SEZ promoters and reacquire 38.4 lakh sqm of land as part of an out-of-court settlement.

GIDC last November floated a tender to select a property consultant that could help auction land re-possessed from the SEZ promoters. However, not a single consultancy made a bid for the contract, prompting the corporation to abandon the process.

The industries department had asked the GIDC to auction the SEZ land in December 2019, but bureaucratic delays and the Covid-19 pandemic delayed the process

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