800 jobs to be created as IPB clears projects worth Rs 445cr

Panaji: The Goa Investment Promotion Board gave the green light to 10 investment proposals, including an expansion project, which together will yield Rs 445 crore in investment and could potentially create 800 jobs.

The largest investment is by a Delhi-based company, DJEF Leisure & Hospitality, which plans to invest Rs 269 crore to set up a food processing unit at Dharbandora. Syngenta Biosciences plans to set up a manufacturing facility at Corlim through an investment of Rs 121 crore.


Chief minister Pramod Sawant, who heads the board, said that the approvals reaffirm govt’s commitment to sustainable industrial growth, balanced regional development, and job creation. Sawant said that the board continues to streamline procedures, strengthen coordination between departments, and promote a transparent, investor-friendly ecosystem to further enhance ease of doing business in Goa.

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

Industries minister Mauvin Godinho, Goa Industrial Development Corporation chairman Aleixo Reginaldo, and other senior govt officials were present for the board meeting.

During the meeting, the board members looked at investment proposals spanning multiple sectors, with a particular emphasis on promoting sustainable industrial growth within the state.

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