Panaji: About 20 companies, including two American firms and a Dutch company, have applied Goa Investment Promotion Board The state is all set to hand over letters of intent (LoIs) to these companies for investing in Goa at the two-day Invest Goa 22 summit starting Thursday.
Over 200 entrepreneurs have signed up to participate in the summit, which is supported by Invest India, Federation of Indian Chambers of Commerce and Industry, Ernest & Young (EY), World Trade Center. The Goa Chamber of Commerce and Industry in partnership with the state is organizing the event at the Taleigao Community Center.
Mangurish Pai Raikar, Convener and Project Director, Invest Goa 22, said, “We are doing this for promotion and job creation as our youth have to leave the coast in search of careers.”
“Investing would be the best way to stop this brain drain.”
He said the initial target was to bring in 75 entrepreneurs and persuade them to invest in Goa especially in the areas of IT/ITES/Electronics, logistics, start-ups, research and development facilities, agriculture and food processing and education.
“This event is going to showcase Goa to investors and industrialists who are coming from all over the world. Do business with pleasure, that is our mantra,” said Minister of Industry, Trade and Commerce Mauvin Godinho. He said that unless new industries come up in Goa, local youth will not get employment.
“The government will issue letters of intent to those entrepreneurs who apply for investment in Goa and who clear the first phase of investigation. At present, 18 companies are expected to get LOI, which includes two US companies. They are looking at Pissurlem and Latambercem. A company from the Netherlands is also looking to set up in Lambersem,” Raikar said.
Geno Pharmaceuticals is also looking to expand its operations in Goa. An electric vehicle manufacturer will participate in the summit but has not applied for land or clearance with the IPB.
GCCI has interacted with around 70 industry bodies mainly from South India and also conducted road shows in Delhi, Bengaluru, Mumbai and Ahmedabad.
“Investors are looking for discounts from every state and looking for the best deal. More than five embassy representatives are expected to participate in the event,” Raikar said.
Although the summit begins on Friday, investors will be given a chance to interact with government officials on Thursday to discuss ease of doing business, approval timelines and land availability. Investors have been invited for breakfast with the Chief Minister on Friday, followed by talks with ministers, bureaucrats, department heads.
“Investors are also coming up with proposals and the state has set up a facilitation counter with a lounge where investment proposals will be evaluated and approved. Directors of each department will be in the lounge for direct interaction with serious investors,” Raikar said.
Over 200 entrepreneurs have signed up to participate in the summit, which is supported by Invest India, Federation of Indian Chambers of Commerce and Industry, Ernest & Young (EY), World Trade Center. The Goa Chamber of Commerce and Industry in partnership with the state is organizing the event at the Taleigao Community Center.
Mangurish Pai Raikar, Convener and Project Director, Invest Goa 22, said, “We are doing this for promotion and job creation as our youth have to leave the coast in search of careers.”
“Investing would be the best way to stop this brain drain.”
He said the initial target was to bring in 75 entrepreneurs and persuade them to invest in Goa especially in the areas of IT/ITES/Electronics, logistics, start-ups, research and development facilities, agriculture and food processing and education.
“This event is going to showcase Goa to investors and industrialists who are coming from all over the world. Do business with pleasure, that is our mantra,” said Minister of Industry, Trade and Commerce Mauvin Godinho. He said that unless new industries come up in Goa, local youth will not get employment.
“The government will issue letters of intent to those entrepreneurs who apply for investment in Goa and who clear the first phase of investigation. At present, 18 companies are expected to get LOI, which includes two US companies. They are looking at Pissurlem and Latambercem. A company from the Netherlands is also looking to set up in Lambersem,” Raikar said.
Geno Pharmaceuticals is also looking to expand its operations in Goa. An electric vehicle manufacturer will participate in the summit but has not applied for land or clearance with the IPB.
GCCI has interacted with around 70 industry bodies mainly from South India and also conducted road shows in Delhi, Bengaluru, Mumbai and Ahmedabad.
“Investors are looking for discounts from every state and looking for the best deal. More than five embassy representatives are expected to participate in the event,” Raikar said.
Although the summit begins on Friday, investors will be given a chance to interact with government officials on Thursday to discuss ease of doing business, approval timelines and land availability. Investors have been invited for breakfast with the Chief Minister on Friday, followed by talks with ministers, bureaucrats, department heads.
“Investors are also coming up with proposals and the state has set up a facilitation counter with a lounge where investment proposals will be evaluated and approved. Directors of each department will be in the lounge for direct interaction with serious investors,” Raikar said.