The Department of Tourism, Government of Goa, will be constructing a hotel management institute at Farmagudi, Ponda in an estimated cost of Rs. 23.18 crore. The State Government wants to boost the hospitality industry through this ambitious project. It also aims to provide jobs and world class training opportunities for the state’s youth.
The project has already been approved by the Ministry of Tourism, Government of India. The stakes of both Ministry of Tourism and Goa government are 50:50 as both the institutions are bearing 50% of the cost of the project. However, Goa Tourism Development Corporation (GTDC) will construct the building of the institute, which has been aptly named as Special Project Vehicle (SPV).
40,000sqmts of area has been reserved for the institute along with built-up area of 11,000sqmts. The project also includes a girl’s hostel of 25 rooms along with a reserved area of 1,125sqmts. GTDC has already invited tenders across the country for the construction of the institute and it further plans to complete it within 270 days.