He was appointed the Chief Minister ofGoa on 8 November 2014, replacingManohar Parrikar.[3][4] During the Goa Assembly Election in 2017, he lost from his seat of Mandrem. He resigned on 11 March 2017.
From 1994 to 1999, he served as a General Secretary of the Goa BJP[8]
In 1999, he contested and lost again to Ramakant Khalap, but in 2002, he defeated Khalap by a small margin of 750 votes.
While he did not serve in the first BJP government in Goa, Parsekar served as the President of the BJP Goa Unit from 2000 to 2003 and then from 2010 to 2012.[9]
In 2007, he doubled his victory margin in the Mandrem seat.
After Chief MinisterManohar Parrikar joined Prime Minister Narendra Modi's cabinet as India's Defense Minister, Laxmikant Parsekar was sworn in as his replacement on 8 November 2014.[10]
In 2017, he lost the Mandrem assembly seat toDayanand Sopte of the Indian National Congress. He resigned as Chief Minister on 11 March 2017. Later, Sopote joined BJP.
In 2022, he resigned from BJP when the party decided to field Sopote from Mandrem seat for Goa Vidhan Sabha mid-term election. Parsekar contested as an independent and came third, but polled enough votes to ensure the defeat of BJP's Sopote.[11]
