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.