PANAJI: The state government failed to woo large investors and electronic manufacturing companies to set up shop at the greenfield electronic manufacturing park Tuem despite lowering the plot rates.
The Tuem electronic manufacturing cluster, delayed by four years, has seen all the interested investors flee due to slow bureaucratic process in Goa.
In August, the state government had offered industrial plots ranging from 7,000sqm to 38,900sqm for electronics system design and manufacturing at the Tuem electronic manufacturing cluster (EMC), but not a single large firm showed interest in setting up an anchor unit.
“Only one application was received. A single Goan firm showed interest in setting up a small manufacturing facility at Tuem,” said a member of the screening committee that has been constituted to scrutinise the applications.
Ironically, Info Tech Corporation of Goa (ITG) had rejected an offer from IFB Industries Ltd to set up a massive manufacturing facility with ancillary units at Tuem. Prior to that, aerospace firm Aequs Pvt Ltd had offered to setup a Rs 500 crore precision engineering facility at Tuem, while Smartlink Network Systems, GIT Electronics and Optel Vision had also evinced interest in the facility.
The lengthy delays and lack of supporting infrastructure compelled the firms to look elsewhere, said industry sources.
The department of information and technology has put up 45 micro industrial zone plots at Tuem, ranging from 300sqm to 800sqm, for allotment to component manufacturers who are part of the larger supply chain. The department has offered larger industrial plots, which range from 7,000 sqm to 38,900sqm, at a lower rate of Rs 540 per sqm to attract investors, while the micro industrial plots are being offered at Rs 1,200 per sqm.
The Union ministry of electronics and information technology (MeitY) has granted financial assistance under the EMC scheme to set up the Tuem greenfield electronics manufacturing cluster.
