Goa-IPB (Investment Promotion Board) in its 33rd Board meeting held today ie. 17 May 2023, approved 10 projects with proposed investment of INR 347.93 Crores with an employment potential of 3495 individuals. Off these 10, 4 units are expansion of manufacturing capacity in their existing units, 3 are new units proposed by existing manufacturing companies in Goa, 1 unit is a Goan start-up which is manufacturing of ATV’s and UTV’s for defence sector, 1 senior executive of pharmaceutical company is venturing into food testing laboratory business and the last one is a Goan hospitality brand with multiple units across Goa is investing in another eco-tourism project. These projects demonstrate the immense opportunity of doing business in Goa and the fact that all 10 projects are Goa based is a thumps-up to the efforts of Government of Goa in assuring economic prosperity.
The Board has directed the office of Goa to ensure these projects are fast tracked and maximum employment created is for local Goans.
