Fomento was founded in the 1957 and has since been etching Goa' s name on the mineral map of the world with markets in Europe and Asia. Six decades on, Fomento has emerged as a frontline producer of quality iron mineral in India with business interests in marine infrastructure, steel making, leisure & hospitality and media with its business foot print in five states of India and internationally in Africa and Latin America. Fomento has grown from strength to strength by empowering its stakeholders to actively participate in its business vision, infusing appropriate technology, innovative yet conservative financial planning with care for its communities and winning trust of its customers.

Giving back to our people is a mission at Fomento which will help Goans to preserve Goa for future generations with quality life and opportunities. This has translated in initiatives such as Fomento Health(rural healthcare and drinking water), Fomento Green( Municipal Solid Waste Treatment) and Fomento Education(Scholarships under Goa Education Trust, Modu Timblo Chair at London School of Economics). Fomento scholar is the latest contribution to allow Goan student community to undergo quality engineering education at SDSMT.