IPB approves 16 projects worth Rs 1,357 cr

IPB approves 16 projects worth Rs 1,357 cr

23 Jul '16

he Investment Promotion Board (IPB) Monday gave its in-principle approval to 16 projects – majority of which are linked to the hospitality industry – aimed towards attracting an investment of Rs 1,357 crore. Most of these projects are based in the rural areas.
A highly placed government source informed this daily that investors in 8 out of the cleared 16 projects are Goans, while 6 of the remaining 8 projects are already in Goa and are going for expansion.
The cleared projects are expected to generate 2,524 jobs. These projects include 7 five-star hotels, 3 eco-tourism farms, 3 pharmaceutical units, two manufacturing units and one institution.
The projects cleared by the IPB include setting up of 142-room key serviced apartment resort at Bambolim by M/s Adwalpalkar Constructions and Resorts Pvt Ltd, establishment of Skill Development Training Centre at Verna by M/s Sea Scan Marine Services Pvt Ltd, setting up of Wagheri Eco-Farm at Thane-Sattari by M/s Wagheri Eco Farm, setting up of Eco Environment Recreational Floating Park/ Mini India Park with 5-star category resort/ houseboats/ floating cottages/ water sports activities at Quelossim by M/s Movaj Enterprises, expansion of existing malt spirit production capacity by additional 2,500 litres per day at Cuncolim Industrial Estate by M/s John Distilleries Pvt Ltd, and increase in production in the existing facility for manufacturing of bio-pharmaceutical products at Verna Industrial Estate by M/s Cipla Biotech Pvt Ltd.
More projects cleared on Monday include setting up of a Boutique Eco Resort and Spa at Betalbatim by M/s Roy Antao, setting up an eco tourism project at Salvador do Mundo by M/s Laxmi Jardin, setting up of a new R&D and manufacturing facilities for anti-cancer products at Verna by M/s Vilman Healthcare Pvt Ltd, expansion of the existing facility by setting up a state-of-the-art solid state development lab at Verna by M/s Sanofi Synthelabo (India) Pvt Ltd, expansion of existing facility of minor modifications to existing structure; an extension of Fortune Acron Regina at Candolim by Acron Highstreet Candolim Resort, and expansion of existing facility of modifications to 5 existing buildings into suits, rooms and back of the house facilities by M/s Acron Waterfront Resort at Baga.
Some more cleared projects are setting up of a 192-room hospitality project at Cavelossim; partly located in the 200 mts-500 mts coastal regulation zone (CRZ) and partly beyond the 500 mt line by M/s Saint Micheal Estates Pvt Ltd, setting up of new abrasives and grinding wheels manufacturing unit at Kundaim Industrial Estate by M/s Industrial Glass Company, setting up of Eco and Nature Healing Spa resort, a five-star hotel at Reis Magos by M/s Reis Magos Property Developers, and a project of Ayaan Properties.

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