The Department of Tourism, Government of Goa, will construct a hotel management and catering institute at Farmagudi, Ponda, at an estimated cost of 23.18 crore, stated a report on The Times of India. The project aims at boosting the hospitality industry, providing jobs and training opportunities for the state's youth in the hospitality sector.
The project has been approved and will be funded by the Ministry of Tourism, Government of India, while the Goa government will contribute 50 per cent of the project cost. The building will be constructed through Goa Tourism Development Corporation (GTDC), which has been designated as a Special Project Vehicle (SPV).
GTDC floated tender inviting bids for the construction of the institute. The GTDC aims to complete the construction within 270 days. Dilip Parulekar, Department of Tourism, Government of India said, "With the construction of the institute, the hospitality sector will receive a big boost."
The area earmarked for this project is 40,000 sq mts with a built-up area of 11,000 sq mts. This project will also include a girl's hostel with 25 rooms, with a built-up area of 1,125sq mts.