IPB approves 7 ventures including ₹65Cr cricket complex & eco-friendly manufacturing units, prioritizing local employment in tourism & industry.
Key Projects Cleared by Goa Investment Promotion Board
1. Hospitality & Tourism Expansion
🏨 Ramesh Hotels & Resorts (Majorda)
- Investment: ₹65 crore
- Scope: 60-room luxury expansion
- Jobs Created: 300
- Significance: Boosts Goa’s premium hospitality capacity
2. Sports Infrastructure Development
🏏 Venture Building Dreams (Loutolim)
- Investment: ₹65 crore
- Facility: Cricket academy & sports complex
- Jobs Created: 950 (Largest employment generator)
- Feature: Potential tie-ups with IPL/NCA
3. Sustainable Manufacturing Initiatives
♻ Kemplast Systems (Pissurlem)
- Investment: ₹25 crore
- Product: Biodegradable/compostable carry bags
- Jobs Created: 63
- Eco-Impact: Reduces plastic waste in coastal areas
4. Industrial Growth Projects
🔧 Standard Epoxy Materials (Pissurlem)
- Investment: ₹13.6 crore
- Product: Industrial adhesives & epoxy
- Jobs Created: 90
🛠️ Sakshi Equipments & Spares (Kundaim)
- Investment: ₹5 crore
- Product: Hose pipes, couplings, gaskets
- Jobs Created: 35
5. Cultural & Educational Development
📚 Siddhagiri Gurukul Trust (Bicholim)
- Investment: ₹5.5 crore
- Facilities:
- Sanatan Dharma museum
- Children’s activity park
- Research archives
- Jobs Created: 58
6. Community Sports Facility
⚽ Flick and Fire Arena (Camurlim)
- Investment: ₹1 crore
- Focus: Futsal & multi-sports
- Jobs Created: 12
Strategic Impact Analysis
Employment & Skill Development
👷 Total Jobs: 1,508 across 7 projects
📍 Local Hiring Focus: CM directs 70%+ Goa resident recruitment
🎓 Training Initiatives:
- Hospitality skill programs for hotel expansion
- Technical training for manufacturing roles
Economic Diversification
🌴 Beyond Tourism:
- Strengthens industrial base (3 manufacturing units)
- Develops sports/education infrastructure
🏗 Land Utilization:
- IPB discussing additional industrial land release
- Optimal use of existing industrial estates
Sustainability Focus
🌱 Eco-Friendly Manufacturing:
- Biodegradable packaging unit
- Low-VOC adhesive production
Leadership Statements
“These projects reflect our balanced approach – boosting tourism while creating industrial and educational opportunities for Goans.”
— CM Pramod Sawant
“Our cricket academy will nurture local talent while creating nearly 1,000 jobs.”
— Venture Building Dreams Spokesperson
Sector-Wise Investment Breakdown
| Sector | Investment (₹Cr) | % of Total | Jobs |
|---|---|---|---|
| Hospitality | 65 | 36% | 300 |
| Sports | 65 | 36% | 950 |
| Manufacturing | 43.6 | 24% | 188 |
| Education/Culture | 6.5 | 4% | 70 |
Implementation Timeline
📅 2024-25:
- Hospitality & sports projects begin construction
- Manufacturing units commence machinery installation
🏗 2025-26:
- Gurukul cultural complex completion
- Full operational capacity for industrial units