Demands Vishwajit should investigate Zuari’s Zone change in suspended Vasco ODP & Revert Same
On the 1st June, Zuari Agro Chemicals announced the completion of the SLUMP SALE of its fertilizer plan and associated business to Paradeep Phosphates Ltd, an unlisted JV for 2135 Cr.
This is a SLUMP SALE/ PPL is going to fund the acquisition by a mix of equity , debt and internal accruals.
On Oct 19, 2019 then Industries Minister Vishwajit Rane reacting to reports of ZACL shutting down operations had said that the government should come out with an ordinance and take back the 1000 acres of land given to the company (during the tenure of Bausaheb Bandodker) for industrial purpose.
Presently Vishwajit Rane is the TCP Minister and is seen on media to be very active to right the wrongs done in ODPs which the government has kept on hold.
Sardessai pointed out, “I think Vishwajit Rane should go back memory lane and with the same enthusiasm check whether in the Vasco ODP,also kept on hold by him, the said Zuari land gifted for industrial purposes, has its zoning changed for settlement/residential purpose. If so, what Goa gains out of this whole transaction especially from the transfer of land? Or is Zuari’s slump sale part of putting Goa on a fast track sale? And has someone got equity or has accrued some advantage to facilitate the same?”
He added that Goemkars (Communidade Gaonkars) had sacrificed their land for industry in 1968 to bring overall prosperity of Goa. Govt of Goa today should atleast show the concern and duty to goa like then.
Question is has a public interest venture now converted into a private interest venture by equity transactions? Is Bandodkar’s vision of an industrial Goa being erased?