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Invest Goa 2022 summit targets big ticket projects

Invest Goa 2022 will be organised in October to attract at least 75 big-ticket industrial units that will in turn generate 10,000 jobs for locals and bring in as much as Rs 15,000 crore of investment.
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The state will host an investment conclave on October 7 called Invest Goa 2022 where it hopes to attract at least 75 big-ticket industrial units that will in turn generate 10,000 jobs for locals and bring in as much as Rs 15,000 crore of investment.

Making the announcement on Thursday, chief minister Pramod Sawant said that the target of 75 investment projects has been set keeping in mind that India is celebrating 75 years of Independence.

“On the occasion of 75 years, let us think of 75 projects for the state of Goa in this coming year,” said Sawant. “The potential outcomes of Invest Goa 2022 are more than 10,000 employment generations. It is a more than Rs 15,000 crore of investment opportunities and other ancillary units.”

The Federation of Indian Chambers of Commerce and Industry (FICCI) and Goa Chamber of Commerce and Industry (GCCI) are organising Invest Goa 2022 with the support of the state government. Outlining the measures taken by the state to improve connectivity and ease of doing business, Sawant said that Goa has tremendous potential to compete with other states when it comes to logistics, IT and tourism.

He said that Goa wants to attract “serious investors” who can set up clean industries that are not energy intensive and can generate jobs for local youth. “We will focus on IT, ITeS, logistics, startups, research and development, artificial intelligence, agro and food processing, tourism and allied industries, education and entertainment sectors.”

He said that Goa is already working to improve the power distribution infrastructure. He said that Invest Goa 2022 will provide a strong push for potential investors to look at Goa as a lucrative investment destination.

“This event aims to create a direct connect with the key stakeholders and reduce the procedural delay that hampers the sectoral growth. Invest Goa will also highlight the importance of the strategic location of the state in terms of becoming the prime logistic hub of India by exploiting the Sagarmala project, the Bharatmala project and Gati Shakti,” said Sawant.

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