Invest Goa 2024 Opens Doors for Businesses

The Goa government, under the leadership of Chief Minister Pramod Sawant, has introduced a progressive industrial policy aimed at facilitating land allotments for potential investors. On January 29, 2024, the state marked a significant milestone by hosting its inaugural investor’s meet, 'Invest Goa 2024'.

Dempo Group has declared its intention to establish a 200-room five-star hotel and diversify into power co-generation. Rasna International is set to launch a Goan cashew-based food processing unit. TVS Industrial and Logistics Park has committed a substantial investment of Rs 125 crore, marking the largest announcement at the summit, with the potential to generate employment for 250 individuals.

Industry Minister Mauvin Godinho conveyed that additional memoranda of understanding (MoUs) are in the pipeline, anticipating the attraction of medium and small enterprises to establish environmentally-friendly units.

The state actively invites investments in 'green industries,' encompassing logistics and warehousing, IT/ITeS, food processing, pharmaceuticals, biotechnology, and electronics manufacturing, among other sectors. As part of this initiative, the government envisions a future where sustainable and non-polluting industries thrive in the region.

News by Rahul Yelligetti