Special Correspondent

PANAJI: Goa expects to attract an investment of about Rs. 300 crore in two years in its upcoming five product-specific Special Economic Zones (SEZs) pharmaceutical, biotechnology, information technology, services and gem and jewellery.

The State's nodal body for industrialisation, Goa Industrial Development Corporation (GIDC), has begun the process of setting up the SEZs by allotting land to leading industrial groups in its major industrial estates. A leading pharmaceutical group, Cipla; the Mumbai-based Rahejas; and Peninsula have been allotted land for developing common infrastructure for the SEZs, A.V. Palekar, Managing Director of the GIDC, told The Hindu on Friday.

He said these groups would invest in developing infrastructure for the SEZs and in some exporting units of their own. The rest of the common infrastructure would be made available to other investors.

Mr. Palekar said importance was being given to pharmaceuticals and biotechnology, services and IT SEZs with emphasis on research and development and services.

He said the Government's policy was to attract industries that would put minimum strain on its already over-burdened infrastructure, including water and electricity and, at the same time, generate jobs that suited the needs of the State's educated youth.