Goa Greenlights ₹180 Cr Projects, Unlocks 1,500 Jobs Statewide
Seven new investment proposals have received approval from the Goa Investment Promotion Board (IPB), unlocking over ₹180 crore in planned investment and over 1,500 employment opportunities. The approved ventures span tourism, manufacturing, sports, and education. Authorities confirmed that the projects are expected to provide jobs to local youth, helping stimulate the state’s economy while addressing rising concerns around regional employment inclusion.
Among the approved projects, the two biggest investments will be made in the hospitality and sports sectors. A luxury hotel expansion in Majorda is expected to create 300 new jobs, while a proposed cricket academy and sports complex in Loutolim is projected to employ around 950 individuals. These two Salcete-based projects together account for over 80% of the jobs expected to be generated through the latest round of approvals.
The manufacturing sector received a boost with three new projects cleared for industrial estates at Pissurlem and Kundaim. One unit will produce biodegradable bags, while another will manufacture epoxy and adhesives. A third unit will focus on pipe and fitting equipment. These projects collectively add nearly 190 jobs, and authorities have said that such industries can help diversify the state’s economy and promote more sustainable production practices.
In the educational and cultural sectors, a traditional gurukul is set to be built in Bicholim, featuring a library, Sanatan Dharma museum, and children’s park. It is expected to generate 58 jobs. Additionally, a small-scale sports arena dedicated to futsal will be developed in Camurlim. While it may be modest in scale, authorities said such facilities play a role in promoting grassroots-level sporting culture and youth engagement.
Authorities also acknowledged ongoing concerns about land scarcity for industries and the preference given to out-of-state recruitment. They stressed that companies approved under IPB should prioritise employing local talent. Measures to free up more industrial land were also discussed. The board reiterated that it is gradually evolving into a larger platform for holistic economic strategy and planning, beyond just project approvals.
With ₹180 crore in new investments and over 1,500 jobs on the horizon, the IPB’s latest approvals aim to strengthen Goa’s economic base. By encouraging local hiring, expanding industrial land availability, and diversifying sectors, the state is positioning itself for more inclusive and balanced growth. If implemented effectively, these projects could help address employment challenges and drive regional development across Goa.
