IPB in-principle OKs 15 projects, defers 19 others

The Investment Promotion Board (IPB) in its 14th meeting cleared 15 projects of the 34 proposals, which were up for its approval. From employment view point, the most important project IPB cleared was Goa Tourism Development Corporation Ltd. (GTDC)’s project for development of passenger ropeway and allied tourism activities between Panaji and Reis Magos, which is set to create 700 jobs. Royal Rides Pvt. Ltd. (Royal Rides), Special Purpose Vehicle incorporated by Menus Adventures Pvt. Ltd., will act as concessionaire for development, operations and maintenance of the Goa ropeway project during the concession period.

IPB clears 15 projects worth Rs 885 Crore in investment

Investment Facilitation and Promotion Board has cleared the passenger ropeway project between Panjim and Reis Magos covering a distance of 1240 m. over River Mandovi. GTDC Chairman Mr. Nilesh Cabral said he is willing to go and be part of the presentation at the CCP and convince them that it was safe and it would not result in any traffic congestion.

New tourism activities and infrastructure will boost tourism in Goa

During the last three years, Goa Tourism has introduced several new policies and taken initiatives, which are first of kind. GTDC is now concentrating in providing state-of-the-art and eco-friendly projects that will help enhance tourism infrastructure in the state. The proposed ropeway project from Reis Magos to Panjim is also going to be a big attraction along with new proposals like bungee jumping, zip line, hop-on hop-off vehicles etc. which will further boost adventure tourism in Goa. Royal Rides Pvt. Ltd. (Royal Rides), Special Purpose Vehicle incorporated by Menus Adventures Pvt. Ltd., will act as concessionaire for development, operations and maintenance of the Goa ropeway project during the concession period.

IPB meet: Hospitality projects to hog limelight

Goa Tourism Development Corporation (GTDC) is presenting the prestigious passenger ropeway project between Panjim and Reis Magos to Investment Facilitation and Promotion Board (IPB) for its approval. The project has significant employment potential of 700 jobs and will need an investment of more than Rs. 100 Crore.
The other projects which will presented before IPB are hospitality projects mainly resort of hotels, and hospital projects at various locations in Goa. Royal Rides Pvt. Ltd. (Royal Rides), Special Purpose Vehicle incorporated by Menus Adventures Pvt. Ltd., will act as concessionaire for development, operations and maintenance of the Goa ropeway project during the concession period.