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June 29, 2012

Goa Expects Rs 2,000 Crore Investment In Tourism


29 June 2012

The Goa Tourism Department is hoping to fetch around Rs 2,000 crore investments in the tourism sector during the Goa Investment Forum 2012 to be held on June 30, 2012. According to a TOI report by Murari Shetye, Goa’s tourism industry is eyeing projects like an amusement park and marinas. Dilip Parulekar, Tourism Minister, Government of Goa, said, "We are hoping to attract investments of over 2,000 crore in the tourism sector, as investors are very interested in pumping money into Goa's lucrative tourism industry." More than 100 representatives of industries from India and abroad are expected to attend the Goa Investment Forum 2012.

Parulekar informed that investors are keen on setting up an amusement park, aquarium, entertainment park and similar projects in the state. Five countries including representatives from India will present individual feasibility reports on infrastructural development.

Swapnil Naik, Director Tourism, Government of Goa said that several investors are coming to Goa and expecting the state government to provide land for their tourism projects right now. "That is not possible. Instead, we will provide them assistance in the form of approvals and permissions for their projects," said Naik.

Players in the tourism sector are interested in the promotion of Goa as a "wholesome family destination" said Manguirish Pai Raikar, President, Goa Chamber of Commerce and Industry (GCCI). Raikar said that investors from the entertainment industry have also shown interest in setting up supporting facilities required by the film industry. "GCCI is expecting around 3,000 to 4,000 crore investment in various sectors in Goa during the meet. The main objective of getting the investment is to generate jobs for the local youth," Raikar added.

Ralph de Souza, Spokesperson, Travel and Tourism Association of Goa said that Goa needs investments in creating add-on facilities such as a convention centre and marina. "We will focus now on creating infrastructure that will attract high-end tourists to the state. Our immediate requirement is a convention centre and marina. Once we create these facilities, we will be able to draw the desired target group," said de Souza. He added that Goa requires an entertainment hub, which can offer engaging activities to tourists along with a handicraft market and food court where tourists can spend the evening with their family.