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The Department of IT, Electronics, and Communication is reviving plans for a hybrid IT park in Porvorim under a public-private partnership (PPP) model. Through Goa Information Technology Development Corporation (GITDC), the park will be developed on a Build Lease Operate Transfer (BLOT) basis, with 12,455 sqm of land allocated for the project. A market study will assess demand from IT firms and startups. The facility will feature modern office spaces, commercial zones, and recreational areas. After a failed loan attempt in 2021, the government is now focusing on private sector investment to establish Porvorim as a key IT hub.
After years of inactivity, the Department of IT, Electronics, and Communication is renewing efforts to develop the hybrid IT park at Porvorim under a public-private partnership (PPP) model. Through the Goa Information Technology Development Corporation (GITDC), the department seeks to confirm a concessionaire agreement to develop and operate the park on a Build Lease Operate Transfer (BLOT) model. Advertisement
A private entity will receive two land parcels spanning 12,455 sqm, strategically located near Mall de Goa and several government offices, to build and manage the facility. To assess the project's viability, the department will conduct a fresh market study and demand assessment, evaluating interest from IT firms and startup sectors. The department will conduct a detailed site analysis, evaluating factors such as location advantages, connectivity, transportation impact, surrounding developments, and infrastructure readiness.
The designated land falls under settlement (S1) zoning, allowing a 200% floor area ratio (FAR) and a maximum building height of 24 metres. The project will feature modern office spaces designed for IT companies and tech startups, providing ready-to-use infrastructure, conference rooms, a digital library, a cafeteria, and retail or multi-use commercial spaces. Additionally, the plan also includes a pedestrian-friendly park, recreational areas, and other essential support services.
A senior department official highlighted the project's potential to generate revenue through lease rentals or revenue-sharing arrangements. Previously, the Info Tech Corporation of Goa sought an INR 125 crore loan from the Economic Development Corporation (EDC) and the National Bank for Agriculture and Rural Development (NABARD) in 2021 to develop the IT cluster. However, the loan was not approved, as the EDC cited challenges in assessing the project's credit risk.
The department now aims to attract private sector investment through the PPP model to ensure the project's financial viability and long-term sustainability. With renewed focus, strategic planning, and industry collaboration, the department seeks to transform Porvorim into a thriving IT hub, fostering technological innovation, economic growth, and employment opportunities in the region.
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