IPB clears 10 hospitality projects, in fresh round of approvals

Total 16 projects get IPB nod; guarantee investment of `1357 crore and 2524 jobs

PANJIM: The Investment Promotion Board (IPB) on Monday cleared 16 projects with a total investment of Rs 1357 crore, guaranteeing the State 2524 jobs, most of them being in the hospitality sector.
Chief Minister Laxmikant Parsekar, who chaired the meeting, said eight projects cleared were proposed by sons of the soil, six were by people residing in the State and only 2 project proposals came from outsiders.
The hospitality related projects cleared on Monday include Adwalpalkar Constructions and Resorts Pvt Ltd which is setting up a 142-room, serviced apartment resort on Bambolim, Wagheri Eco Farm which is an eco-farm allied to agriculture in Sattari taluka, Movaj Enterprises which is setting up a eco- environmental recreational floating part/mini India park with 5-star category resort, Roy Antao who is setting up a boutique eco resort in Salcete, Laxmi Jardin creating a eco-tourism project in Bardez, Saint Michael Estate that is setting up a 192-room hospitality project in Salcete, Reis Magos Property Dev which is developing an eco and nature healing spa in Bardez and Ayaan Properties setting up an eco-resort 5-star property.
Among the projects going in for expansion are Sanofi Synthelabo which is expanding its existing facility by setting up a state-of-the-art solid state development lab, Sea Scan Marine Services with a Skill Development Centre in Verna, John Distilleries expanding its facility in Salcete, Cipla Biotec Pvt Ltd that intends to expand its manufacturing facility, Acron Highstreet Candolim Resort will be expanding its existing facility in Candolim and Acron Waterfront Resort Baga is expanding existing facilities. The last two are hospitality projects.
The news unit are from Vilman Healthcare Pvt  Ltd that is setting up new R&D and manufacturing facilities and Industrial  Glass Company that is setting up a new abrasive and grinding wheels manufacturing unit in Kundaim. 
The IPB, the CM, said had cleared 114 projects since its start, guaranteeing Goans 20,740 jobs and which brought in an investment of Rs 10,620 crore. The CM said 46 projects were by Goans, 37 by parties residing in Goa and 31 by outsiders. Goans he said had confidence in the potential of their State and were investing in hospitality and eco-tourism projects. 
Speaking on the electronic city, he said a presentation was being made in Delhi and the permissions would soon be in place. He added that Prime Minister Narendra Modi would come to Goa to inaugurate it in August.
He also said that the IT Park in Chimbel was in the planning stage and that the services of KPMG had been hired to evaluate the process involved from clearance of project to commencement of work on the ground.
Speaking about the Mini India Park, the CM said it would encompass 36,000 sq mtr and the demand for more land had been turned down.

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