European group explores opportunities with several state governments in aerospace, deeptech, advanced manufacturing and science and technology innovation
The Government of Goa, through the Goa Investment Promotion and Facilitation Board (Goa IPB), has signed a Memorandum of Understanding with Rivar Group, the European investment and venture group, for a proposed investment of about Rs.3,000 crore, excluding land, in Goa International Sports & Performance City.
Under the MoU, signed at the Vibrant Goa Global Business Summit 2026, Rivar will bring international education, elite sport, cricket, motorsport, human performance and wellness together in one place.
“India is an important strategic market for Rivar Group, and the Goa International Sports & Performance City is our first step here. It will give young Indian athletes a genuine pathway to the top at home, and give Goa a year-round, high-value reason to visit,” said Anil Kumar Reddy, Director of Rivar Group of Newbury, Berkshire.
“Beyond Goa, we are exploring opportunities with several state governments in aerospace, deeptech, advanced manufacturing and science and technology innovation, bringing international expertise, technology and investment together with India’s capabilities to build lasting partnerships,” Reddy said in a release on 4 Nov.
The MoU comes as India pursues the world’s biggest sporting events. On 6 October 2026, the International Olympic Committee named India among seven countries in dialogue to host the 2036 Summer Olympics, and Ahmedabad will host the 2030 Commonwealth Games. Winning at that level needs a deep bench of athletes, coaches and sports scientists, talent that takes a decade or more to develop. Young athletes who join the academies in the next few years would reach their competitive peak in the mid-2030s.
At the heart of the destination will be an international sports school with university pathways, giving every student a structured academic, sporting and career plan. Elite academies will open with football, tennis, badminton and padel, and expand over time into squash, golf, athletics, swimming and selected Olympic disciplines, Rivar said.
The sports city will have:
• A cricket academy will offer turf wickets, indoor nets, video analysis and high-performance coaching, with a ground able to host domestic tournaments and training camps for State and visiting teams.
• A motorsport academy will take young drivers from karting and simulators to racecraft, alongside premium track experiences for enthusiasts.
• A Human Performance Institute will bring biomechanics, performance testing, sports technology and data, physiotherapy and rehabilitation under one roof.
The project will be developed in four phases: feasibility and site selection; a core launch of the school and academies; an expanded main campus with wellness and conference facilities; and finally the cricket ground, motorsport circuit, indoor arenas and full destination offer. Each phase will proceed only as approvals, demand and funding are secured.
Goa International Sports & Performance City is the first major initiative in Rivar Group’s wider India programme. The group is exploring opportunities with several state governments to set up manufacturing plants, technology and R&D centres, and sector-focused industrial clusters in aerospace, deeptech, advanced manufacturing, and science and technology innovation. It intends to work with Indian companies, institutions, government agencies and international technology partners, combining India’s industrial capabilities with global expertise and investment. Further projects will be announced as discussions with individual states reach agreement.
Under the MoU, Rivar Group and the State will work together on a structured feasibility phase covering site identification and screening, a demand-tested master plan, environmental and regulatory assessment, and a phased investment and operating model. Each side will nominate a nodal point of contact to coordinate the work.
Rivar Group is a European investment and venture group. It invests in and builds businesses in aerospace, deeptech, advanced manufacturing, science and technology innovation, sports, education and performance, and infrastructure, bringing international capital, technology partners and operating expertise to public and private partners from concept through to delivery.
Rivar Group is led by Reddy, who brings two decades of senior leadership in global financial services and technology across the UK, Europe and the Middle East. For more information, visit www.rivargroup.com. Fiinews.com
