In India, the Goa Investment Promotion Board has approved 11 proposed projects, including five-star hotels, with an investment of just under Rs. 1,000-crore.
A senior IPB official told NDTV that the Board approved a proposal by M/s Ozone Leisure and Resort Private Limited for construction of a five-star property in the state. The project will reportedly entail an investment of Rs. 750 crore.
The other private firms are: Niramaya Resort Benaulim with investment of Rs. 71.84 crore; Ronil Hotels and Resort for Rs. 74 crore; Total Comfort Luxury health for Rs. 40.5 crore; and Aswem beach resort - 19.68 crore.