Daijiworld Media Network - Panaji

Panaji, Feb 26: The Goa Investment Promotion Board (IPB) has approved 10 investment proposals, including one expansion project, collectively bringing in an estimated Rs 445 crore investment and generating potential employment for around 800 people in the state.

The largest proposal comes from Delhi-based DJEF Leisure & Hospitality, which plans to invest Rs 269 crore to set up a food processing unit at Dharbandora. Meanwhile, Syngenta Biosciences has proposed an investment of Rs 121 crore to establish a manufacturing facility at Corlim.

Chief Minister Pramod Sawant, who heads the board, said the approvals reaffirm the government’s commitment to sustainable industrial growth, balanced regional development and job creation.

“There were around 8–10 projects of various types. The approvals are for Tivim, Dharbandora and Pissurlem industrial estates. All these projects are on government industrial land,” Sawant said.

He added that the board continues to streamline procedures, enhance inter-departmental coordination and promote a transparent, investor-friendly ecosystem to strengthen ease of doing business in Goa.

Industries Minister Mauvin Godinho, Aleixo Reginaldo, chairman of the Goa Industrial Development Corporation (GIDC), and other senior government officials were present at the meeting.

Board members reviewed proposals spanning multiple sectors, with a particular emphasis on sustainable industrial expansion within designated industrial estates.

“Government remains dedicated to attracting responsible investments that contribute to economic growth while creating opportunities for our youth and strengthening Goa’s development journey,” Sawant said.