Goa clears Rs 622 crore projects to create 3,180 jobs

The Goa Investment Promotion and Facilitation Board (Goa-IPB) has approved investment proposals worth Rs 622 crore across multiple sectors, with the projects expected to generate 3,180 employment opportunities, chief minister Pramod Sawant said on Monday.

Sawant chaired the 42nd meeting of the Goa-IPB in the presence of industries minister Mauvin Godinho, Goa Industrial Development Corporation (GIDC) chairman and MLA Aleixo Reginaldo Lourenco, among others.

“The Board approved a diverse portfolio of investment proposals spanning manufacturing, hospitality, education, electronics, shipbuilding and emerging technology sectors,” a statement issued by the Chief Minister’s Office said.

According to the statement, the approved projects include manufacturing units for automotive components and optical instruments, electronics and technology development centres, advanced fabrication facilities, hospitality projects, educational institutions and infrastructure for Global Capability Centres (GCCs).

“The investments would strengthen Goa’s position as an attractive destination for sustainable and high-value investments while creating employment opportunities for local youth,” Sawant said.

The Board also deliberated on the proposed Large-Scale Industries Incentive Scheme, which has been formulated after consultations with industry stakeholders, prospective investors and government officials. It decided to forward the proposal for further evaluation and approval.

The chief minister reiterated the state government’s commitment to creating an industry-friendly ecosystem that promotes innovation, attracts quality investments, generates employment and supports the vision of ‘Swayampurna Goa’, the statement added.