Speaking at the Amazing Goa Global Business Summit, Goyal expressed confidence that the government at both the central and state levels would collaborate to create a supportive framework. This initiative aims to attract advanced industries to Goa, establishing the state as a preferred location for companies working on data management, semiconductor chips, electronics, and automobile products.

Goyal emphasized that, while Goa is well-known for its tourism, it also has significant potential in modern industries. Sectors such as artificial intelligence, data centers, pharmaceuticals, electronics, and food processing hold strong growth possibilities for the state. This new tech-focused approach could provide an economic boost beyond tourism, benefiting both local communities and the national economy.

The minister highlighted the unique appeal of Goa as a destination that combines wellness tourism, cultural attractions, homestays, and luxury hotels. A recent survey rated Goa as India's top wedding destination, making it an appealing choice for tourists and businesses alike.

Goyal's announcement comes as global capability centers have been rapidly expanding in India. Multinational companies set up these centres to handle operations, product development, and innovation, significantly contributing to India's economy. In recent years, the number of GCCs in India has grown dramatically, increasing from 760 in 2012 to more than 1,600 by March 2023. According to the 2024 Economic Survey, these centers could contribute around 3.5% of India’s GDP by 2030, with revenue potential reaching $121 billion. Over 2,100 GCCs could reside in India by 2028.

Minister Goyal also spoke about India’s long-term economic vision, projecting that the nation’s economy could grow to $35 trillion over the next 25 years. He highlighted Prime Minister Narendra Modi’s view that the 21st century is India's century, emphasising the nation’s ambition to lead in both scale and innovation.

Goa’s appeal as a potential “mini Silicon Valley” stems from its unique blend of natural beauty, infrastructure, and lifestyle offerings. Its popularity as a destination for wellness and luxury tourism could complement the development of high-tech industries, attracting talent and investment. With a focus on futuristic industries like artificial intelligence, advanced data centers, electronics, and regenerative tourism, the state has the potential to become a key player in India's tech landscape.

Through this initiative, Goa could diversify its economy, providing job opportunities in new sectors and promoting sustainable growth. The combined efforts of the Goa government and the central government will be essential to build the necessary infrastructure and attract global companies.
India’s plan to build a tech hub in Goa marks an exciting step toward a more diversified and tech-driven economy. By embracing both tourism and technology, Goa has the opportunity to evolve into a unique destination that offers economic opportunities and a high quality of life.