Panaji: The Goa Investment Promotion Board (Goa-IPB) on Wednesday approved nine projects with a potential investment of Rs 733 crore, expected to create employment for 2,319 people in the state, a senior official said.
The Board meeting, chaired by Chief Minister Pramod Sawant, discussed various investment proposals in the state.
The official stated that the meeting approved nine projects with a total investment potential of Rs 733 crore, aiming to provide employment to 2,319 people.
“The approved projects include pharmaceutical manufacturing, warehousing, machine tools manufacturing, and beverage manufacturing,” the official said.
Goa’s Industries Minister Mauvin Godinho was also present at the meeting.
The official added that the Chief Minister emphasized the importance of creating the maximum number of jobs for locals through these projects.
Among the approved projects is an expansion by Procter & Gamble under its subsidiary Gillette Diversified Operations Pvt. Ltd., which will manufacture multivitamin tablets and food-grade softgel capsules.
Additionally, Zydus Lifesciences Ltd. proposed a project to manufacture Repsules at a new unit they plan to set up.
The official also mentioned that the Government of Goa has granted industry status to the logistics sector, under which M/s Express Machines and Scaffolding Pvt. Ltd. has been approved by the Board to set up another large warehousing facility in the state.
“One of the earlier approved eco-tourism projects of the Board in the Quepem region, now branded under Indian Hotels Corporation Ltd., has been granted approval for expansion, showcasing the popularity of Goa as both an industrial and a tourism destination,” he said.
