From beaches to business, Goa is expanding its identity as a destination for investment, entrepreneurship and innovation. At the valedictory ceremony of the third Vibrant Goa Global Business Summit 2026, Chief Minister Dr Pramod Sawant highlighted how the state is building a stronger business ecosystem while retaining its strengths in tourism, sports and quality of life.

Addressing Union Minister of State for Defence Sanjay Seth, Union Minister of State for Power and New and Renewable Energy Shripad Yesso Naik, Industries Minister Mauvin Godinho, MLA Dr Deviya Rane, 1983 Cricket World Cup-winning captain Kapil Dev and other dignitaries, the Chief Minister congratulated Vibrant Goa Foundation Chairman Rajkumar Kamat and his team for successfully organising the summit.

Recalling the initiative’s beginning in 2018 with the blessings of former Chief Minister Late Manohar Parrikar, CM Sawant said the summit had grown into a global platform connecting Goan entrepreneurs with national and international business leaders.

He highlighted Goa’s strengths as a highly literate state with a robust tourism and sports ecosystem, stating that the state could offer both an attractive quality of life and promising business opportunities.

Nine MoUs Bring ₹8,600 Crore Investment Potential

Highlighting the summit’s investment outcomes, CM Sawant announced that the Goa Investment Promotion Board (IPB) had signed nine MoUs with an investment potential of ₹8,600 crore and the potential to generate over 5,000 employment opportunities.

The proposals cover several sectors, including artificial intelligence, data centres, hospitality, education, healthcare, sports infrastructure, energy and logistics.

The Chief Minister added that additional proposals remained in the pipeline and could take the overall investment potential generated through the summit beyond ₹10,000 crore.

He also highlighted that the IPB had already approved more than 250 projects, reflecting the state’s growing investment momentum.

Inviting investors to explore opportunities beyond established commercial centres such as Panaji and Calangute, CM Sawant encouraged them to consider Goa’s hinterland. He assured investors that the government would facilitate projects through responsible governance, industry-friendly policies and predictable processes.

RAMP Scheme Connects Goan MSMEs with Global Buyers

Reiterating his government’s commitment to Swayampurna Goa, the Chief Minister said the state’s self-reliance mission cannot succeed without strong Micro, Small and Medium Enterprises (MSMEs).

He highlighted the Reverse Buyer Seller Meet (RBSM), organised under the Raising and Accelerating MSME Performance (RAMP) scheme in collaboration with the Directorate of Industries, Trade and Commerce.

Supported by the World Bank and the Union Ministry of MSME, the initiative brings major buyers directly to Goan manufacturers and entrepreneurs, helping local businesses explore new markets and establish commercial partnerships.

CM Sawant highlighted the growth in exporter participation, from 35 exporters in the first edition to 40 in the second. He expressed confidence that the 2026 edition would cross 100 first-time exporters from Goa.

He emphasised that the government wants to move beyond announcing schemes and provide MSMEs with actual market access and business opportunities.

500 MSME Export Champions by 2037

The Chief Minister assured that the government would implement the Mukhyamantri Export Initiation Scheme, announced in the state budget.

Following Rajkumar Kamat’s request to fast-track the scheme, CM Sawant said the Directorate of Industries, Trade and Commerce would work with Vibrant Goa Foundation to guide MSMEs through their export journey.

The initiative will support entrepreneurs from their first business inquiry and initial export consignment to building sustainable international trade operations.

The government aims to develop 500 MSME Export Champions by 2037, thereby strengthening Goa’s contribution to the Viksit Goa 2037 vision.

Goa AI Mission 2027 to Drive Technology-Led Growth

Highlighting Goa’s emerging opportunities in technology, the Chief Minister outlined the role of the Goa AI Mission 2027 in attracting technology companies, strengthening startups and developing skilled talent.

He highlighted initiatives such as the Konkani Language Model, AI laboratories and Centres of Excellence. These initiatives will help bring artificial intelligence closer to citizens while encouraging innovation and technology-based entrepreneurship.

CM Sawant also emphasised the government’s willingness to support promising Goan innovations and create opportunities for local technology companies to work with government departments.

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Goa to Support Proposed Defence Conclave

The Chief Minister welcomed Vibrant Goa Foundation’s proposal to organise a Defence Conclave focusing on coastal security, drones and defence technologies.

He highlighted Goa’s naval presence, shipbuilding capabilities, and the emerging electronics and drone ecosystem at Tuem as key advantages in hosting the event.

He assured the organisers that the Goa Government would extend full support and coordinate with relevant departments to expedite the arrangements.

Infrastructure and Ease of Doing Business Strengthen Investment Appeal

CM Sawant highlighted Goa’s improving Ease of Doing Business environment and the infrastructure supporting its industrial expansion.

Manohar International Airport at Mopa, expanding logistics and warehousing capacity, new industrial parks and the electronics and manufacturing cluster provide important advantages for businesses considering investment in the state.

He invited investors and business leaders to bring their capital and confidence to Goa, assuring them of a supportive policy environment.

How Goans Will Benefit

The initiatives highlighted at the summit can create opportunities across different sections of Goa’s economy.

• Employment generation: Investment proposals with the potential to create over 5,000+ jobs can open opportunities for graduates, skilled professionals, technicians and young Goans.
• MSME growth: Export promotion initiatives will help local entrepreneurs access new buyers, expand operations and enter international markets.
• Technology careers: Goa AI Mission 2027 can strengthen digital skills and create opportunities in artificial intelligence, data centres and emerging technologies.
• Economic growth in the hinterland: Encouraging investments beyond established commercial centres can distribute business opportunities across more parts of Goa.
• Industrial diversification: Developments in defence technology, electronics, healthcare, energy and logistics can strengthen Goa’s economy beyond traditional sectors.

Concluding his address, CM Sawant appreciated Industries Minister Mauvin Godinho, the Investment Promotion Board, the Directorate of Industries, Trade and Commerce, buyers, sellers and delegates from across India and abroad for contributing to the summit’s success.

Reaffirming the state’s development vision, he said Goa would work towards achieving Viksit Goa 2037 while contributing to Prime Minister Narendra Modi’s vision of Viksit Bharat 2047.

With fresh investment proposals, stronger MSME support, technology-led initiatives and expanding industrial infrastructure, Goa is steadily building its identity as a destination where businesses can grow, entrepreneurs can succeed, and new employment opportunities can emerge.

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