Panaji, Goa Chief Minister Pramod Sawant on Tuesday unveiled a scheme aimed at facilitating the exit of sick industrial units from the state.

Sawant unveiled the Goa Industrial Development Corporation Exit Assistance Scheme in the presence of state Industries Minister Mauvin Godinho and Goa Industrial Development Corporation (GIDC) Chairman Alexo Reginaldo Lourenco. This scheme will remain in force for one year.

Speaking to reporters, Sawant said that a total of 423 plots of sick industrial units spread over an area of ​​12,75,000 square meters were lying unused for a long time.

“These are completely sick units,” he said.

He said that this scheme will be implemented from today and will remain effective for one year.

"Land is a vital resource for industrial development and availability of plots will create opportunities for existing industries and new entrepreneurs can take over non-functional industries," Sawant said.

He said that this will also attract new investment and create more jobs in the state.