IT park and startup cluster to come up in Goa soon

Panaji, June 5 (KNN) Goa IT Minister Rohan Khaunte on Sunday informed that an information technology park and a start-up cluster will soon come up in the state.

The greenfield IT Park project will come up at Porvorim and the startup cluster at Chimbel, both near Panaji, Khaunte told PTI on the side-lines of the G20-StartUp20 Engagement Group meeting.

As per reports, the IT Park will provide working space for more than 5,000 professionals.

“Goa has witnessed a substantial rise in the number of startups in recent years with more than 400 DPIIT (Department for Promotion of Industry and Internal Trade) recognized startups. This surge can be attributed to factors such as a supportive ecosystem, availability of skilled talent with more than eight technical institutions, and a growing pool of local entrepreneurs,” Khaunte said.

He pointed out that these startups have made significant strides in diverse industries, including technology, tourism, hospitality, and e-commerce.

The contribution of MSMEs to Goa's GDP is currently 30 per cent and they contribute nearly 50 per cent of exports.  (KNN Bureau)