Panaji, January 14, 2025: The Goa Tourism Development Corporation Limited (GTDC) has handed over a dividend of Rs 45 lakh to the state government for the financial year 2023-24. The dividend was presented to Chief Minister Dr. Pramod Sawant by GTDC Chairman Dr. Ganesh Gaonkar in the presence of Minister for Tourism Rohan A. Khaunte; Chief Secretary Dr. V. Candavelou, IAS; Secretary Tourism Sanjeev Ahuja, IAS; Director Tourism Suneel Anchipaka, IAS; and Managing Director, GTDC Kuldeep Arolkar.
It is pertinent to note that GTDC has given a dividend to the government for two consecutive years. “This contribution reflects GTDC’s ongoing efforts to support the state’s initiatives and promote sustainable tourism development in Goa,” said Dr. Ganesh Gaonkar, GTDC Chairman. He further added, “This was possible because of the collective efforts of the GTDC.”
Managing Director, GTDC Kuldeep Arolkar said, “This achievement is a result of the farsighted vision of our Chairman and the Board of Directors, which has enabled the Corporation to reach such a milestone. We are committed to furthering our efforts to support the growth of sustainable tourism in Goa.”
Chief Minister Dr. Pramod Sawant and Minister for Tourism Rohan A. Khaunte congratulated GTDC for the same.
The Goa Tourism Development Corporation (GTDC) has been effectively managing its Residencies (Hotels), which continue to serve as a major source of revenue generation for the Corporation. In addition to this, the Board has already proposed iconic projects under Private Investment Mode, on the land parcels of GTDC, which will not only generate revenue for the Corporation and the State Government but also create employment opportunities for the locals in the State of Goa.
It may be noted that GTDC has recently been honoured with the prestigious Chanakya Award 2024 for Most Impactful Tourism Corporation by the Public Relations Council of India (PRCI).
The dividend demonstrates GTDC’s steady progress and its focus on strengthening Goa’s tourism infrastructure and services for the benefit of the state and its people. For the next financial year 2024-25, GTDC is expecting to earn a profit of over Rs 10 crores due to the commencement of projects under private investment mode.
