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India’s major iron ore
producer
• Goa is one of the major iron ore producers in India. The state produced 10.6 million tonnes
of iron ore during 2012-13.
Leading medicine
manufacturer
• Goa accounts for around 12 per cent of total medicines produced in India. The state’s
pharmaceuticals industry generated US$ 2.1 billion in revenue over 2011-12.
Strong economic growth • Goa is one of the fastest growing states in the country. It had the second-highest per
capita NSDP in the country in 2012-13.
Tourist paradise • Goa is traditionally known as a tourist paradise for its natural scenery, unique beaches
and cultural diversity. The state attracted 3.1 million tourists, including 492,322 foreign
visitors, in 2013.
Source: Economic Survey of Goa 2013–14, Aranca Research
Strong growth in
fisheries sector
• The fisheries sector in Goa recorded the highest production since 2009 at 87,984 tonnes
in 2013. Fish exports from the state stood at 32,804 tonnes during 2013-14.
Quality infrastructure
• Goa is the second state in India to achieve a 100 per cent automatic telephone system
with a solid network of telephone exchanges. Goa is also one of the few power surplus
states in the country, and has achieved 100 per cent rural electrification in 2011-12.
Fourth-highest road
density in India
• Goa has the fourth-highest road density in the country; road density was 285.5 km per 100
sq km as of March 2012 against the national average of 142 km.
High literacy rate • According to 2011 census data, Goa has the fourth-highest literacy rate in the country at
88.7 per cent against the national average of 73.0 per cent.
Source: Economic Survey of Goa 2013-14, Ministry Of Road Transport and Highways,
Government of India, Aranca Research
Growing demand High economic growth
• Average GSDP growth rate was at about 13.5 per cent between 2004–05 and 2012-13.
• The state has one of the highest per capita incomes in the country.
Facilitating infrastructure
• Goa has a well-developed social, physical and industrial infrastructure, and virtual connectivity.
• It has an international airport that is in line its ambition to be a globally recognised leisure destination. It also has significant port infrastructure.
Rich labour pool
• Goa’s high rate of literacy has attracted knowledge-based industries such as pharmaceuticals, biotechnology and IT.
• A large proportion of the population can speak English, which helps boost the state’s tourism and ITeS industries.
Strong presence in mining,
tourism and pharmaceuticals
• Abundant reserves of iron ore.
• Established base for the pharmaceuticals industry and an emerging destination for knowledge-based industries such as biotechnology and IT.
• High inflow of international tourists driving tourism revenue.
2013-14
Installed
power
capacity:
400 MW
2016-17F
Peak
electric
load:
815 MW
Advantage
Goa
Source: Economic Survey of Goa, 2012-13, Planning Commission of India, Press Information Bureau
GSDP: Gross Domestic State Product
Vision
2035
Value chains to
success
Preserve beauty
and serenity
Knowledge centric
Governance
• To depend on natural
resources and related logistic
industries, tourism and related
services, healthcare & pharma
industry, etc.
• The state plans to be a
knowledge-centric destination in
the upcoming years.
• The state plans to preserve its
natural beauty at all costs
• To ensure vibrant future for the
habitats of the state.
• The foundation of high
quality governance should
be fairness, accountability
and transparency.
• Goa plans to emerge as the
most well-governed state in
India.
• Goa’s per capita GDP is
twice that of India and the
state aims to exceed that in
the next 25 years.
• In spite of its higher literacy
rate, the state plans to move
one step ahead.
Source: Goa Chamber of Commerce and Industry
• To conserve Goa’s biodiversity,
embrace responsible mining,
develop tourism sites.
Goa is located in the western region of India. The state
shares its border with the Arabian Sea to the west,
Maharashtra to the north and Karnataka to the south and
the east.
Languages spoken are Konkani, Marathi, Portuguese, Hindi
and English.
Goa’s administrative headquarters are located at Panaji (the
state capital) and Margao. The state has two districts: North
Goa and South Goa.
Goa has a tropical climate, with a monsoons lasting from
June to September. Due to its long coastline, the weather is
hot and humid for the rest of the year.
Parameters Goa
Capital Panaji
Geographical area (sq km) 3,702
Administrative districts (No) 2
Population density (persons per sq
km) 394
Total population (million) 1.46
Male population (million) 0.74
Female population (million) 0.72
Sex ratio (females per 1,000 males) 942
Literacy rate (%)* 88.7
Source: Government of Goa Website: www.goa.gov.in,
Census 2011
Parameter Goa All states Source
Economy 2012-13 2012-13
GSDP as a percentage of all states’ GSDP 0.4 100.0 Planning Commission Databook,
Annual Plan 2013-14 of Goa
Average GSDP growth rate (%)* 15.8** 15.6** Planning Commission Databook,
Annual Plan 2013-14 of Goa
Per capita GSDP (US$) 4,055.1 1,414.4 Planning Commission Databook,
Annual Plan 2013-14 of Goa
Physical infrastructure
Installed power capacity (MW) 400.0 248,509.6 Central Electricity Authority, as of May 2014
National Highway length (km) 269 79,116 Ministry of Road Transport & Highways,
as of March 2013
Major and minor ports (No) 1+5 13+187 Indian Ports Association
Airports (No) 1 133 Airports Authority of India
Social indicators
Literacy rate (%) 88.7 73.0 Census 2011
Birth rate (per 1,000 population) 13.1 21.6 SRS Bulletin (www.censusindia.gov.in), 2012
*Calculated in Indian Rupee terms, **2004-05 to 2012-13, SRS: Sample Registration System
Parameter Goa All-States Source
Investment
FDI equity inflows (US$ million) 789 219,407 Department of Industrial Policy & Promotion,
April 2000 to April 2014
Outstanding investments (US$ billion) 3.5 2,658.2 CMIE (2012-13)
Industrial Infrastructure
PPP projects (No) 2 1,339 www.pppindiadatabase.com
SEZs (No) 3 392.0 Notified as of August 2013, www.sezindia.nic.in
PPP: Public Private Partnership, SEZ: Special Economic Zone
2.8
3.2 3.7
4.9 5.5
6.1
7.4 7.7
6.4
2004-0
5
2005-0
6
2006-0
7
2007-0
8
2008-0
9
2009-1
0
2010-1
1
2011-1
2 (
P)
2012-1
3(Q
)
At current prices, Goa’s Gross State Domestic Product
(GSDP) was about US$ 6.4 billion in 2012-13.
The GSDP increased at a compound annual growth rate
(CAGR*) of 13.5 per cent between 2004-05 and 2012-13.
Goa’s economic growth is driven by the strong performance
of industrial sectors such as mining, tourism and
pharmaceuticals.
GSDP of Goa at current prices (in US$ billion)
CAGR
13.5%*
Source: Planning Commission, Annual Plan 2013-14 of Goa,
Economic Survey of Goa, 2013-2014,
*In Indian Rupee terms
P- Provisional Estimates, Q – Quick Estimates
2.5 2.8
3.2
4.2 4.8
5.3
6.4 6.7
5.5
2.0
3.5
5.0
6.5
8.0
2004-0
5
2005-0
6
2006-0
7
2007-0
8
2008-0
9
2009-1
0
2010-1
1
2011-1
2 (
P)
2012-1
3 (
Q)
Goa’s Net State Domestic Product (NSDP) was about US$
5.5 billion in 2012-13.
The NSDP rose at a CAGR* of 13.3 per cent between 2004-
05 and 2012-13.
NSDP of Goa at current prices (in US$ billion)
CAGR
13.3%*
Source: Planning Commission, Annual Plan 2013-14 of Goa,
Economic Survey of Goa, 2013-2014, *In Indian Rupee terms
P- Provisional Estimates, Q – Quick Estimates
1,985 2,202
2,413
3,044 3,328
3,584
4,164 4,219
4,055
2004-0
5
2005-0
6
2006-0
7
2007-0
8
2008-0
9
2009-1
0
2010-1
1
2011-1
2 (
P)
2012-1
3 (
Q)
The state’s per capita GSDP was US$ 4,055.1, one of the
highest in India, over 2012-13.
Goa’s per capita GSDP increased at a CAGR* of 12.0 per
cent between 2004-05 and 2012-13.
GSDP per capita of Goa at current prices
(in US$)
CAGR
12.0%*
Source: Planning Commission, Annual Plan 2013-14 of Goa,
Economic Survey of Goa, 2013-2014,
*In Indian Rupee terms
P- Provisional Estimates, Q – Quick Estimates
1,718 1,919
2,102
2,699
2,947
3,146 3,616 3,580
3,012
2004-0
5
2005-0
6
2006-0
7
2007-0
8
2008-0
9
2009-1
0
2010-1
1
2011-1
2 (
P)
2012-1
3 (
Q)
The state’s per capita NSDP was US$ 3,012.4, one of the
highest in India, in 2012-13.
Goa’s per capita NSDP increased at a CAGR* of 9.9 per
cent between 2004-05 and 2012-13.
Certain factors, such as substantial foreign exchange
earnings from mining and tourism industries, contributed to
the high per capita NSDP in the state.
NSDP per capita of Goa at current prices
(in US$)
CAGR
9.9%*
Source: Planning Commission, Annual Plan 2013-14 of Goa,
Economic Survey of Goa, 2013-2014,
*In Indian Rupee terms
P- Provisional Estimates, Q – Quick Estimates
13.9% 12.7%
40.8% 31.8%
45.3% 55.5%
2005-06 2012-13 (Q)
Primary Secondary Tartiary
In 2012-13, the tertiary sector accounted for 55.5 per cent
(US$ 3.6 billion) of GSDP, followed by the secondary sector
(31.8 per cent; US$ 2.1 billion) and the primary sector (12.7
per cent; US$ 0.8 billion).
At 16.9 per cent, the tertiary sector had the highest growth
among all three sectors between 2005-06 and 2012-13. It
was followed by the primary sector (12.1 per cent), and the
secondary sector (9.6 per cent).
Growth in the tertiary sector has largely been driven by the
tourism industry, which facilitated growth of other related
industries such as banking and financial services, real
estate, and business services.
GSDP composition by sector
CAGR*
12.1%
16.9%
9.6%
Source: Economic Survey of Goa, 2013-2014
*In Indian Rupee terms
Q – Quick Estimates
Crop Annual production
2012-13 (in tonnes)
Paddy 184,282
Coconut 123*
Vegetables 80,511
Sugarcane 46,006
Banana 25,920
Cashew nut 23,804
Mango 9,040
Groundnuts 7,469
Pulses 8,974
Pineapple 4,800
Rice is the major crop in the state followed by coconut,
vegetables, sugarcane, banana and cashew nut.
Over 2012-13, the paddy production in Goa was 184,282
tonnes.
Groundnut is the principal field oil seed crop in the state.
Coconut production in Goa totalled 122.7 million nuts during
2012-13.
Cashew processing has been a traditional industry in the
state. Cashew apple is also used in the production of feni, a
local liquor, which has become internationally popular.
Cashew nut production reached 23,804 tonnes in 2012-13.
Source: Economic Survey of Goa, 2013-14,
Directorate of Agriculture, Goa, Horticulture 2012-13,
*Million nuts
Mining and mineral products are major exporting items from
the state.
Tourism is a key foreign exchange earning sector for the
state.
In 2013, fish exports from the state stood at 33,939 tonnes,
realising foreign exchange worth US$ 70.5 million.
Goa is a major iron ore exporting state in the country.
Exports of iron ore stopped from mid 2012 after a mining
ban by the High Court.
Exports are expected to ramp up as the central government
has recently lifted the ban on iron ore production.
Fisheries exports from Goa
Source: Economic Survey of Goa, 2013-14
22.6
45.4 40.4
63.2 70.7 70.9 70.5
18.3 21.5
27.0
37.2 37.8 42.7
33.9
0.0
13.0
26.0
39.0
52.0
0.0
25.0
50.0
75.0
100.0
2007 2008 2009 2010 2011 2012 2013
Value (US$ million, LHS) Quantity (thousand tonnes, RHS)
0
5,000
10,000
15,000
20,000
25,000
2009-10 2010-11 2011-12
Iron ore exports
Iron Ore Exports from Goa
Source: mines.nic.in
According to the Department of Industrial Policy &
Promotion (DIPP), FDI inflows for Goa totalled US$ 789
million from April 2000 to April 2014.
During 2013-14, outstanding project investments in the state
were US$ 3.3 billion, with the services sector accounting for
77.1 per cent.
Some of the large projects under construction include the
Konkan Railway’s Sky Bus metro rail, the Tillari irrigation
project and a part of Power Grid Corporation’s Western Grid
Strengthening Scheme-II.
Major projects under the planning stage include Mopa
airport, Panaji-Vasco sea link, Oceanarium and water
augmentation project.
Break up of outstanding investments by sectors
(2013-14)
Source: CMIE
77.1%
8.6%
7.0%
5.6%
1.5%
0.2%
Services
Manufacturing
Irrigation
Real Estate
Mining
Electricity
Goa’s government has a planned expenditure of US$
1,354.2 million for the year 2014-15 compared to US$
1,245.9 million in 2013-14.
Revenue receipt is expected to grow 11.6 per cent, resulting
in a revenue deficit of US$ 1.6 million for 2014-15.
The fiscal deficit stood at US$ 269.3 million for 2014-15,
19.6 per cent higher than US$ 225.2 million for 2013-14.
The budget size for 2014-15 has been estimated at US$
1,760.0 million against US$ 1,567.0 million in 2013-14.
Budget highlights:
Invest in new world class infrastructure projects
using private enterprise and capital.
The government plans to make the mining sector
debt free by paying US$ 56.7 million to the banks
over the next three years.
Source: Government of Goa
*2014-15 numbers are converted using exchange rate of INR 60/US$
Annual Budget
(Estimates in US$ million)
2013-14 2014-15*
Total receipt 1,212.1 1,352.6
Total
expenditure 1,245.9 1,354.2
Fiscal deficit 225.2 269.3
Capital
expenditure 402.5 NA
To build two state-of-the-art garbage treatment plants for the state; one at Calangute and the other at Curchorem on a Build-
Own-Operate-Transfer (BOOT) basis. Both plants are expected to be ready within a year.
US$ 131.8 million allocated for the social sector; allowance under Griha Aadhar Scheme hiked to US$ 20.1 per month; Ladli
Laxmi and DSSS and other schemes to continue.
New industrial estates to be set up at Latambarcem, Shiroda, Sancordem and Poinguinim. Existing industrial estates to be
expanded.
Various water works under JICA taken up; water treatment plant at Ganjem, Opa and Zuarinagar in advanced stages of
execution; all steps to result in 24*7 water supply for the entire state of Goa over the next three years.
100 greenhouses to be constructed to motivate cultivation of selected vegetables, fruits and flowers; about US$ 5.9 million
allocated for Fisheries Department’s various activities. Includes US$ 0.2 million to set up an Aqua Marine Amusement Park.
Loans for farmers under the Krishi Card Scheme hiked to US$ 836.0 at a nominal interest of 0.1 per cent; this would benefit
15,000 odd farmers from June 1, 2014.
Dabolim Airport to be taken up as an Airline Hub.
* 2014-15 numbers are converted using exchange rate of Rs. 60/US$
As of March 2012, total length of roads in the state was
10,768.18 kms.
Goa had a total of 269 kms of national highways, as of
March 2013.
NH-17 runs along India's West Coast and links Goa to
Mumbai in the north and Mangalore to the south. NH-4A
running across the state connects Panaji to Belgaum
(Karnataka) in the east.
The state had a road density of 285.5 kms per 100 sq km of
area, as of March 2012.
Goa has earmarked an outlay of US$ 234 million towards
the development of roads and bridges in its 12th Five-Year
Plan (2012–17).
Road type Road length (km) –
As of March 2011
National Highways 269*
Roads under PWD 5,044.58
Roads under Municipalities 381.74
Roads under Panchayats 4,724.17
Roads under Forests 74.13
Source: Maps of India,
Ministry of Road Transport & Highways, Economic Survey of Goa 2011-12
PWD: Public Works Department, *As of March 2013
The total railway route in Goa is around 69 km long,
comprising two rail tracks: the Konkan Railways line and the
South-Western Railways line. These routes connect the
state to other parts of the country.
The Konkan Railways line runs from the north to the south
and the South-Western Railways line runs from the west to
the east.
The rail tracks cross at the most important junction of the
state, the Madgaon railway station; Vasco-da-Gama is the
other important railway station.
Konkan Railways, which connects Mumbai, Goa and
Mangalore, has considerably boosted tourism.
The Mormugao port is connected through a broad gauge
line.
The government is planning to introduce a new luxury train
on the Konkan Railways route to commute tourists from
Mumbai to Goa.
Source: Maps of India
Goa has one airport at Dabolim, which functions as a
domestic as well as an international airport. The state is
connected to most Indian cities by air.
The state ranks among the top 10 in all-India air traffic, most
of which is tourism related.
The state has good connectivity in terms of international
flights, including chartered flights from European countries.
The Goa airport received 3,156,536 passengers and
handled 24,162 flights during 2012-13*.
The state has introduced a new terminal in February 2014
at Dabolim.
The Goa government is planning to construct a new
greenfield international airport at Mopa, in the Pernem
taluka, on a BOOT basis. A global tender for the
construction of the new airport at Mopa would be floated by
the end of July 2014.
The state has acquired 7.4 million sq metres of land for the
airport in Pernem taluka, which is expected to have a tourist
capacity of eight million.
Source: Airports Authority of India
*Data from April 2012 till February 2013
Goa has 255 kms of rivers and canals, providing an
economical mode for goods transport.
The River Navigation Department was established to
provide safe, dependable and affordable transport facilities
on different ferry routes of Goa’s inland waters.
The Mormugao harbour, a multi-purpose general cargo
berth situated in the port town of Vasco-da-Gama, handles
local and international maritime cargo traffic.
During 2012-13, the Mormugao port handled cargo traffic of
around 17.7 million tonnes, which was around three per
cent of total cargo traffic handled by India’s 13 major ports.
For 2013-14*, the port handled a cargo traffic of around 9.5
million tonnes.
About 7.4 million tonnes of iron ore was exported over
2012-13 from the Mormugao port to China, Japan and Italy.
Iron ore exports from the Mormugao port accounted for 27.4
per cent of total iron ore exports from all Indian ports.
Ports
Major ports • Mormugao
Minor ports
• Panaji
• Chapora
• Betul
• Talpona
• Tiracol
Source: Ministry of Shipping, Government of India
Indian Ports Association
2013-14* - Till January 2014
Economic Survey of Goa, 2013-14
As of April 2014, Goa had a total installed power generation
capacity of 400.02 MW. The state had per capita power
consumption of 1,845 kWh* over 2012-13.
Goa is one of the few states in India to achieve 100 per cent
rural electrification.
The state generates power from its 48 MW naphtha-based
plant of Reliance Infrastructure Limited and it depends,
largely, on the power allocated from the central generating
stations.
The industrial sector is the largest consumer of electricity,
followed by the domestic sector. The Goa Electricity
Department controls power infrastructure in the state.
The state has received an allocation of a coal block in
Chhattisgarh from the Government of India, which has a
power generating capacity of 1,800 MW. Under the
agreement with the developer of the block, Goa is entitled to
receive a minimum power of 270 MW.
The project for laying a gas pipeline by GAIL from Gokak to
Goa for gas transportation to Goa has been completed.
Installed power capacity (MW)
357.2
380.9 386.9
400.2
430.0
400.2
2008-09 2009-10 2010-11 2011-12 2012-13 2013-14
Source: Central Electricity Authority, Economic Survey of Goa, 2012-13 and 2013-14
Expressions of interest have been received by the
government from a number of companies for setting up a
gas power plant in the state.
The government is in the process of framing congenial
regulatory policies to encourage participants to generate
power from renewable sources.
Telecom infrastructure (2011-12)
Post offices 263#
Public call offices (PCOs)^ 4,157
Telephone connection^ 150,654*
Mobile connection^ 179,927*
Goa is among the few states in the country to have 100 per
cent automatic telephone systems with a good network of
telephone exchanges.
Goa has a fibre-optic cable network spread through the
state; it provides high-speed access for a wide range of
internet-related services.
As of December 2010, Goa had 150,654 telephone
connections and 179,927 mobile connections of Bharat
Sanchar Nigam Limited (BSNL).
As of March 2011, there were 137 telephone
exchanges/telex (BSNL) in the state.
Some of the major telecom service providers
Bharat Sanchar Nigam Limited (BSNL)
Tata Indicom
Bharti Airtel
Aircel Limited
Reliance Communications
Source: Economic Survey of Goa, 2010-11,
Goa Economy in figures – 2012, India Post
*As of December 2010
^Relates to BSNL, #As of January 2013
Panaji is one of the 65 cities identified under the Jawaharlal
Nehru National Urban Renewal Mission (JNNURM).
The JNNURM city development plan has identified several
infrastructure projects, with the bulk of investments to be
made in the areas of water supply, urban environment,
traffic and transportation.
Under JNNURM, two projects costing around US$ 15.6
million have been sanctioned for Panaji. Areas of
development under these projects are heritage conservation
and water supply for Panaji and surrounding areas under
the jurisdiction of the corporation of the city of Panaji, Goa.
As on March 31, 2014, two other projects have been
approved under the JNNURM scheme, with a total
sanctioned amount of US$ 18.1 million.
Water supply
• Water supply in Goa’s urban and rural areas is 143
and 82 litres per capita per day (LPCD),
respectively.
• Goa’s water tariffs are among the cheapest in the
country.
• The state has proposed an investment outlay of
US$ 160.1 million for water supply and sanitation
projects in its 12th
Five-Year Plan (2012–17).
Source: JNNURM, Ministry of Urban Development,
www.urbanindia.nic.in,
Public Works Department of Goa
Contract authority Project Investment
(US$ million) PPP type Stage
Ports
Captain of Ports, Goa Cruise terminal at Aguada 6.5 BOT-Annuity Under construction
Mormugao Port Trust, Goa Construction of berth 5A and 6A at Mormugao
port 47.8 BOT-Toll In operation
Mormugao Port Trust, Goa Development of coal terminal at Mormugao port 48.5 DBFOT Commissioned
Roads
Ministry of Road Transport &
Highways
Construction of four/six lanes of
Maharashtra/Goa border to Panaji-
Goa/Karnataka border of section NH-17
410.7 BOT-Toll Under construction
Ministry of Road Transport &
Highways
Four-laning of Goa/Karnataka border-Panaji,
Goa stretch of NH-4A 78.7 BOT-Toll Under construction
Airport
Government of Goa New international airport at Mopa in North Goa 460.3 BOOT In planning
Source: http://www.pppindiadatabase.com,
National Highways Authority of India, Mormugao Port Trust, Goa
BOT: Build-Own-Transfer, BOOT: Build-Own-Operate-Transfer
As of March 2013, Goa had seven formally approved and three notified special economic zones (SEZs).
On completion, the SEZs would primarily cover knowledge-based industries such as biotechnology and IT/ITeS.
The Goa Industrial Development Corporation (Goa-IDC) assists in establishing industries in specific industrial areas and
estates.
Goa-IDC has established 20 industrial estates in various talukas of Goa. It plans to expand eight of these existing units and
establish another five industrial estates.
The state has indicated intentions to expand in the talukas of Salcette, Mormugao, Canacona, Pernem, Bardez, Tiswadi,
Ponda and Bicholim, and make new establishments in Latambarcem (Bicholim), Carambolim (Tiswadi), Shiroda (Ponda),
Sacordem (Dharbandora) and Poinguinim (Canacona).
The government is in the process of acquiring approximately 3.3 million sq metres of land for these initiatives. The state has
already acquired 1,777,593 sq metres of land for expansion of industrial estates at Sancoale, Madkai, Tuem, Colvale and
Verna as well as for setting up of new industrial estates at Dhargal in Pernem taluka and Poinguinim in Canacona talukas in
line with the Regional Plan for Goa 2021.
The government is committed to make Goa an aspirational investment destination for best-in-class manufacturing, tourism,
entertainment and other service industries, including research and knowledge-based industries. Accordingly, the
government has set an ambitious target of creating 50,000 jobs in the next five years, facilitating a new investment of US$
4.2 billion in the state.
Source: www.sezindia.nic.in
Goa Industrial Development Corporation
Governor’s speech quoted by Business Standard
Notified Special Economic Zones (SEZs)
Name/developer Primary industry Location
Meditab Specialities Private Limited Pharmaceuticals Taluka Ponda
Penisula Pharma Research Centre Pvt Ltd Biotechnology Mormugao
K Raheja Corp Pvt Ltd IT/ITeS Verna
Special Economic Zones (SEZs) with formal approval
Industry Location SEZ (No)
Biotechnology Verna, Sancoale 2
IT/ITeS Verna, Bardez 2
Pharmaceuticals/chemicals Tal-ponda 1
Services Verna 1
Gems and jewellery Verna 1
Source: www.sezindia.nic.in
Taluka Industrial Estate
Ponda Bethora, Madkai, Kundai, Shiroda
Pernem Tuem
Bardez Colvale, Mapusa, Pilerne, Tivim
Bicholim Bicholim
Sattari Honda and Pissurlem
Tiswadi Corlim
Salcete Verna, Margao and Cuncolim
Mormugao Sancoale
Quepem Kakoda
Sanguem Sanguem
Canacona Canacona
Source: Goa Industrial Development Corporation
Literacy rate (%)
Total 88.7
Male 92.7
Female 84.7
The state has a literacy rate of 88.7 per cent according to
the data of Census 2011; the male literacy rate is 92.7 per
cent and the female literacy rate is 84.7 per cent.
Over 2011-12, student enrolments at the primary, middle
and secondary school levels were 100,256, 75,863 and
63,603, respectively.
As of 2011-12, the state had 1,232 primary schools, 444
middle schools, 380 secondary schools and 86 higher
secondary schools.
The government is making efforts to reinforce its
educational policy towards bridging regional and gender
gaps, reducing the drop-out rate, emphasising skill
development and vocational programmes to curb
unemployment.
Goa is planning to set up an Indian Institute of Science,
Education and Research, an Indian Institute of Technology
(IIT) and an Indian Institute of Management (IIM) by 2035;
to become a leading educational hub in the country.
Some of the higher education institutions
• Shree Rayeshwar Institute of Engineering and
Information Technology
• Padre Conceicao College of Engineering
• National Institute of Oceanography
• Parvatibai Chowgule College of Arts & Science
• Don Bosco College
• St. Xavier’s College
• BITS Pilani Goa campus
Source: Economic Survey of Goa, 2010-11, 2012-13 and 2013-14
Goa Economy in Figures – 2012,
Goa Investment Policy 2013
Goa has a number of leading engineering, business
management, medical and legal institutes.
The Maritime School, under the Captain of Ports
Department, Government of Goa, is among the first of its
kind in the country.
As of 2011-12, the state had 33 vocational and professional
institutes, 29 universities and colleges for professional
education, 21 universities and colleges for general
education and four teachers training institutes.
The state government is planning to set up its second
medical college in an under-construction district hospital at
Margao.
Goa College of Pharmacy, set up in 1842, is one of the
oldest institutes in India. It offers bachelor’s, master’s and
diploma courses in pharmacy. In 2012, the institute had 60
seats for bachelor's degree, 60 seats for diploma and 23
seats for master’s degree in various fields of pharmacy.
Educational infrastructure - 2011-12
Primary schools 1,232
Middle schools 444
Secondary schools 380
Higher secondary schools 86
Vocational and professional institutes 33
Teachers training institutes 4
Universities & colleges for general
education 21
Universities & colleges for professional
education 29
Industrial Training Institutes (ITIs) 14
Source: Goa Investment Policy 2013,
Goa Economy in Figures 2012,
Goa at a Glance 2010,
Goa College of Pharmacy, Government of Goa
Health indicators (2011)
Population served per hospital bed
(2011-12) 271^
Birth rate* 13.1
Death rate* 6.6
Infant mortality rate** 10
Source: Goa Economy in Figures - 2012, Sample Registration System (SRS) Bulletin September 2013,
Economic Survey of Goa, 2013-14
*Per thousand persons, **Per thousand live births, ^Only government sector has been considered
The state has better health ratios compared to the rest of
the country. Annually, around 271^ persons were served
per hospital bed.
Some of the renowned hospitals in the state include Apollo
Victor Hospital in Margao, Manipal Hospital in Panaji and
Vrundavan Shalby Hospital in Mapusa.
A new district hospital with a capacity of 500 beds is under
construction in Margao. The state government is targeting to
start operations at this hospital by the end of 2014.
In 2013, a new primary health centre was inaugurated in
Sanquelim.
Construction of a 44-bed hospital was completed and it was
inaugurated in mid 2013.
Health infrastructure (As of 2011-12)
Hospitals 161
Community health centres 5
Primary health centres 20
Sub-centres 205
Dispensaries 30
Total beds in hospitals 5,336
There are several sports complexes in Panaji, Margao, Ponda and other cities. Football is the major sporting activity; cricket
is also growing in popularity.
Goa has a number of churches, chapels and convents of unmatched architectural beauty; most of these were built during
the Portuguese rule. Some of the famous churches include Church of St. Francis of Assisi, Basilica of Bom Jesus (mortal
remains of St. Francis Xavier enshrined), Lady Rosary and St. Augustine.
The state is home to the Goa Football Association and many renowned clubs such as Sporting Clube de Goa and the Vasco
Sports Club.
The main sports arenas are the Jawaharlal Nehru Fatorda Stadium and the Dr Rajendra Prasad Stadium in Margao, the
Tilak Maidan Stadium in Vasco da Gama and the Campal Sports complex in Panaji.
In 2014, the state hosted the third Lusofonia Games, a multinational multi-sport event from 18–29 January. The
infrastructure created for the games would generate revenue for the state and would be utilised for the National Games too.
The key hotels in Goa include Leela Kempinski, at Cavelossim, Taj Fort Aguada at Bardez, Park Hyatt at Cansaulim and the
Intercontinental at Canacona. The Panjim Inn, Cidade-de-Goa and Majorda Beach Resort are well-known hotels in Margao.
Goa is popular for traditional forms of performance arts such as Natak, Tiatr and Zagor as well as modern art forms such as
Goan trance.
Directorate of Sports and Youth Affairs of Goa has launched the Vision 2020 programme in an effort to encourage sports
and produce Olympic players from the state.
Goa Industrial Development Corporation (Goa-IDC) is the nodal agency established for setting up of industrial estates and
offering developed plots to industrial units in the state.
Goa-IDC has established 20 industrial estates, spread across the state’s talukas, and is currently working on the expansion
of existing industrial estates as well as establishing new ones.
Industry clusters Industries
Verna Rubber, plastics, petroleum products, pharmaceuticals, electronics and
telecommunication equipment.
Bicholim Engineering, oil products, plastics, leather, textiles, food processing, soaps and
agro products.
Kundaim Rubber, plastics, petroleum products, pharmaceuticals, steel fabrications and
aluminum furniture.
Margao Printing, plastics, herbal hair oils, cosmetics, ice blocks, engineering items and
industrial diamond tools.
Mormugao Shipbuilding and repair.
Corlim Metal works, engineering, cold storage, food processing, electronic products,
paper products, chemicals, paints and varnishes.
Vasco Shipbuilding and repair.
Source: Goa Industrial Development Corporation
Apart from having an established iron ore mining industry,
Goa has emerged as a manufacturing base for several
leading companies in areas such as fertilisers, tyres and
tubes, cement, electrical machinery, fish-net making
machines, automatic washing machines, printed circuit
boards, pharmaceuticals and pharmaceutical machinery.
Mining (iron ore and manganese), pharmaceuticals, and
iron and steel industries are located in North Goa, while
mining and shipbuilding industries are present in South
Goa.
Tourism is the largest segment in the services sector; the
Goa Tourism Development Corporation (GTDC) is
responsible for promoting tourism in the state.
As of December 2013, the state had 7,793 micro, small and
medium enterprises (MSMEs) and 191 large scale
industries.
Over 2013-14 (up to December 2013), 416 entrepreneurs
have been recognised under the Entrepreneurs
Memorandum Part-I (EMP-I), which is expected to have
generated 4,019 jobs.
The state is in the process of developing the logistics sector
in Goa by forming a special logistics group and constructing
several bridges to address the existing deficiency with
regard to logistics and warehousing.
Key industries In Goa
• Tourism
• Food processing
• IT/ITeS
• Mining
• Biotechnology
• Pharmaceuticals
• Fishing
Number of enterprises registered during 2013-14
(up to December 2013) under EMP-I
Parameter Micro Small Medium
Units (no) 357 53 6
Proposed investment
(US$ million) 3.6 7.5 4.0
Expected
employment
generation (no)
2,396 1,295 328
Source: Economic Survey of Goa, 2013-14
Pharmaceutical Cluster
• The cluster is run by the Goa Pharmaceutical Manufacturers’ Association (GPMA) and
accounts for around 12 per cent of the country’s medicine production.
• Principal products manufactured are tablets, capsules, ointments, liquid orals and
injectibles.
• The cluster has an annual growth rate of 18–20 per cent; and, currently, 40 units are
functioning under the cluster.
• Total revenues of US$ 2,085.9 million and exports worth US$ 1,043.0 million have been
recorded in 2011-12.
• Fixed investment of US$ 104.3 million has been made.
Cashew Cluster
• The cluster is run by Goa Cashew Entrepreneurs’ Welfare Society with 300 functional
units.
• Cashew kernel is the major product manufactured.
• Total revenues of US$ 9.4 million and exports worth US$ 3.1 million recorded in 2011-12
• Fixed investment of US$ 5.2 million has been made.
• The cluster has an employment potential of 45,000 man days.
Source: Ministry of MSME, Government of India
Brief industrial profile of South Goa district
Despite being a small state and a late starter in the IT
industry, Goa is ideally placed to capitalise on the
opportunities available in the sector.
Goa is one of the most literate states in India, with a literacy
rate of over 87.0 per cent; most Goans are conversant with
the English language, which is the lingua franca for the IT
industry.
The state is close to several business centres, such as
Mumbai, Pune and Bangalore, of the country that provide
growth opportunities.
Goa University offers a postgraduate course in computer
sciences, and there are over 250 other institutes imparting
IT training and education.
Info Tech Corporation of Goa Ltd, an undertaking of the
state government, is planning to redesign Rajiv Gandhi IT
Habitat at Dona Paula that has been built to attract
IT/ITeS/BPO/KPO industries.
Rajiv Gandhi IT habitat, Dona-Paula
• Situated seven kilometres away from the state
capital of Panaji.
• Developed on an area of around 95 acres with the
aim to attract IT/ITeS/BPO/KPO industries.
• IT habitat is expected to attract investments to the
tune of US$ 147–184 million.
• Government aims to create employment for 10,000–
12,000 persons through this park.
Some of the key players
• Smartlink Network Systems Ltd
• Zenith Computer Pvt Ltd
• PCS Technology Ltd
• Crompton Greaves
Source: The Directorate of Industries,
Trade and Commerce, Government of Goa,
http://www.infotechgoa.com/
Smartlink Network
Systems Ltd
• Formerly D-Link (India) Private Limited, Smartlink Network Systems Ltd is one of India’s leading
networking companies, offering an integrated value proposition that includes design and
development, manufacturing, sales & marketing and service & support. It was established in
1993.
• The company has certified state-of-the-art manufacturing plants as well as a software and
research & development (R&D) centre at Verna, Goa. In 2013-14, the company earned US$
24.9 million in revenue. It has 17 offices in the country.
Zenith Computer Pvt Ltd • Established in 1980, the company is one of the largest personal computer companies in India. It
employs around 800 professionals and has 15 branches across the country, with a 60,000 sq ft
of production facility in Sancoale Industrial Estate, Zuari Nagar.
PCS Technology Ltd • PCS is an Indian technology company headquartered in Mumbai. The company focuses on
facilities management services, software services as well as computer hardware. The
company’s gross revenues were US$ 18.1 million in 2012-13. PCS has a manufacturing facility
in Goa, where it produces desktop computers, notebook computers and servers. It has a
production capacity of 7,000 to 8,000 desktop computers per month.
The mining belt of Goa covers an area of approximately 700
sq km and is mostly concentrated in the four talukas of
Bicholim, Salcete, Sanguem and Quepem.
Goa is the second-largest iron ore producer in India, with a
production capacity of 34.4* million tonnes over 2011-12.
The state accounted for 20.3 per cent of total iron ore
production in India.
Mining (especially of iron ore), along with tourism, is an
important industry; the state accounted for over 70.0 per
cent of the country’s total iron ore exports (43.3* million
tonnes over 2011-12).
Most mines in Goa are of the open-cast type, which
necessitates the removal of over burden overlying the iron
ore formations.
Iron, manganese and bauxite ores are the major minerals
found in Goa. The state produced 850,000 tonnes of
bauxite and 19,000 tonnes of manganese ore over 2011-12.
Some of the key players
• Sesa Goa
• The Dempo Group
• V.M. Salgaocar and Company Ltd
• V.S. Chowgule and Company Ltd
Source: Ministry of Mines, Ministry of MSME,
Government of India,
*Provisional
In 2012-13, production of iron ore in the state dropped to
10.6 million tonnes on the back of Supreme Court’s ban on
iron ore mining.
Iron ore production is expected to revive as the apex court
has lifted the mining ban. According to the Federation of
Indian Mineral Industries, mining would resume after the
monsoon this year and exports would start in September.
Sesa Sterlite Ltd
The Dempo Group
V.M. Salgaocar & Bro
Pvt Ltd
V.S. Chowgule and
Company Ltd
• Sesa Sterlite, also known as Sesa Goa, is a well-known mining company in India. It is the
flagship company of the Vedanta Group and is India's largest iron ore exporter in the private
sector. The Sesa Group of companies have been involved in iron ore mining for over five
decades. Over the last two decades, the company has diversified into manufacturing of pig iron
and metallurgical coke. As of March 2013, Sesa Goa has the rights to exploration & production
of an estimated 433 million tonnes of iron ore. In 2012-13 and 2013-14, the company produced
3.7 million tonnes and 1.5 million tonnes of iron ore, respectively. Apart from Goa, it has mining
operations in Karnataka. During 2013-14, the company reported revenue of US$ 4.7 billion.
• The Dempo Group is one of the state’s leading mining and export companies. It has two
subsidiaries for the mining business, i.e., Dempo Mining Corporation Private Limited and V S
Dempo Corporation Private Limited. The company’s key products are iron ore fines, calibrated
iron ore lumps and low-phosphate magnetite concentrates. Dempo has 19 mining leases in
Goa, which are spread across 1,800 hectares.
• The company was founded in 1952 as a mining and export company. It is one of the leading
suppliers of processed iron ore to large steel makers such as POSCO and Nippon Steel
Corporation (NSC). The company has its corporate office at Vasco-de-Gama and mining
facilities in four different locations in Goa. It has diversified into the hospitality, shipping, real
estate and education sectors. Over 10 million tonnes of material is handled at the mines every
year during iron ore extraction.
• Chowgule Mining Division is a part of the Chowgule Group. The company has mines and three
beneficiation plants in Goa (at Pale, Tudou and Costi). Chowgule’s run-of-mine ore production
exceeds five million tonnes per annum, and its beneficiation plants produce over 3.5 million
tonnes of iron ore and pellets every year.
Goa's pharmaceuticals industry generated revenue of US$
2.1 billion over 2011-12; the state accounts for about 12 per
cent of India's pharmaceutical production.
The pharmaceuticals industry is one of the major employers
in the state.
A large number of companies, such as Cipla, Aventis and
Blue Cross, have set up manufacturing facilities in Goa.
Apart from the incentives and policy thrust, Goa has been
selected because of its ambience and pollution-free
environment, which is conducive to the pharmaceuticals
industry.
GPMA is a registered body formed with the objective of
uniting the pharmaceutical manufacturers in Goa.
Some of the key players
• Ranbaxy Laboratories Ltd
• Aventis Pharma Ltd
• Blue Cross Laboratories Ltd
• Cipla Ltd
Source: Ministry of MSME, Government of India
Ranbaxy
Laboratories Ltd
Aventis Pharma Ltd
Blue Cross Laboratories
Ltd
• Ranbaxy is among India’s leading pharmaceutical companies, with business operations in 43
and manufacturing facilities in eight countries. The company has a manufacturing facility at
Ponda, Goa, where it manufactures steroidal, non-steroidal creams, ointments and lotions and
non-beta-lactom tablets. In 2008, Japanese conglomerate Daiichi Sankyo Company Ltd
became the largest shareholder in Ranbaxy. The company generated US$ 2.2 billion of
revenues in 2013-14.
• Established in May 1956, the company has Sanofi-Aventis and Hoechst GmBH as its major
share holders. The Goa site has been certified by the World Health Organisation (WHO). The
company’s Goa facility is a global sourcing site for products, including the Daonil range,
Cardace, Frisium, Stilnoct and AmaryI. The Goa site employs around 230 people. The company
generated revenue of US$ 309.5 million in 2013.
• Established in 1981, Blue Cross has carved a significant niche for itself in the Indian
pharmaceuticals market. In addition to its plant in Nashik, the company has a 12,000 sq m plant
in Verna, Goa.
• The company’s products are sold in over 18 countries across the globe. WHO and local Food
and Drug Administration (FDA) have approved the Goan plant. The company produces drugs
belonging to major therapeutic segments like anti-bacterial, pain management, antispasmodic,
cough and cold preparations, cardiology, diabetes, dermatology, anti-ulcer, antipyretics, etc.
Blue Cross’s annual sales turnover is around US$ 52 million and it has an employee strength of
over 1,000.
Cipla Ltd • Established in 1935, Cipla is one of the oldest pharmaceutical companies in the country. It
manufactures and markets bulk drugs and formulations. The company posted revenues of US$
1.7 billion in 2013-14, and has a plant in Verna industrial estate. Among other formulations, the
Goan plant manufactures anti-HIV/AIDS drugs that have earned Cipla a strong presence across
the globe.
Goa is a globally recognised tourist destination, famous for
its beaches and cultural diversity.
A blend of eastern and western culture, friendly and
hospitable people and the common use of English as a
prominent language make Goa a veritable tourist paradise.
Tourism is Goa’s key economic activity, and has contributed
substantially to the state’s economic development in terms
of employment generation and foreign exchange earnings.
Innovative marketing strategies to project Goa as an all-time
leisure destination have resulted in higher tourist inflows
over the years.
In 2013, the state attracted 3.1 million tourists, of which 0.49
million were foreign tourists.
For FY 2014, the number of charters that landed in Goa
stood at 550 (until December end) and the number for FY
2015 is expected to be at 1,400.
As of June 2013, Goa had 2,872 hotels, with a total of
27,988 rooms and a bed capacity of 50,732.
The state government has been proactive in encouraging
public-private partnerships for promoting tourism by
instituting a corpus fund.
Tourist arrivals in Goa (in million)
Source: Department of Tourism, Government of Goa
Economic Survey of Goa, 2012-13, Times of India quoted
P - Provisional
2.21 2.02 2.13 2.20 2.23 2.34 2.63
0.39 0.35
0.38 0.44 0.45 0.45
0.49
2007 2008 2009 2010 2011 2012 2013 (P)
Domestic Foreign
Goa has a coastline of about 104 kms and inland
waterways of about 250 kms.
The coast is full of creeks and estuaries formed by rivers;
over 87,984 tonnes of marine fish and 4,678 tonnes of
inland fish were harvested in 2013.
Goa is a major exporter of sea food to the US, Japan,
China, the Middle East and European countries. Fish
exports from the state stood at 33,939 tonnes (US$ 70.5
million) in 2013.
The government has made significant developments to
provide and improve landing and berthing facilities to
traditional fishermen and fishing boat operators.
The fishing industry in the state mainly comprises
mechanised vessels, fish-processing plants, marketing
network and shrimp farms which are mainly in the private
sector. The state has been developing the necessary
infrastructure required for the industry.
Annual fish catch (‘000 tonnes)
Source: Economic Survey of Goa, 2013-14
91.2 88.8
80.7
87.1
86.2
86.6
88.0
3.1 3.1
3.3 3.3
3.5
3.9
4.7
2.5
3.0
3.5
4.0
4.5
5.0
50.0
60.0
70.0
80.0
90.0
100.0
2007 2008 2009 2010 2011 2012 2013
Marine (LHS) Inland (RHS)
Agency Description
Goa Industrial
Development Corporation
(Goa-IDC)
• It has been established with the purpose of securing land and assisting in fast and orderly establishment of industries in the 20 designated industrial areas and estates.
Economic Development
Corporation
• This is a state government-promoted financial institution to operate and manage government-promoted financial schemes.
• It acts as an investment company and provides financial assistance to entrepreneurs for starting as well as expanding business units.
The Goa State
Infrastructure Development
Corporation
• This was set up as a Special Purpose Vehicle (SPV), with the basic aim to develop infrastructure in a time-bound manner.
Goa Handicrafts Rural and
Small Scale Industries
Development Corporation
• It promotes traditional arts and crafts, fashioned by the state’s artists and artisans.
• It performs functions related to procurement and distribution of indigenous and imported raw material, especially for small scale units.
• It has been instrumental in starting the ‘Deen Dayal Swayamrojgar Yojana’, a scheme to develop self-employment opportunities for the youth.
Agency • Description
Goa Tourism Development
Corporation
• It promotes tourism and related activities in Goa.
• It focuses on developing eco-tourism, heritage tourism, adventure tourism, medical tourism and event tourism.
Goa Horticulture Corporation
• It promotes investments in export-oriented projects, especially for the cultivation of exotic fruits and vegetables, floriculture, etc.
• It is entrusted with the development of horticulture estates and establishment of sales outlets for local produce through establishments called ‘Krishi Ghars’.
Info Tech Corporation of Goa
Ltd
(ITG)
• It looks after the development of IT-related infrastructure, ITeS and implementation of the government’s e-governance objectives.
Agency Contact information
Directorate of Industries, Trade and Commerce
Udyog Bhavan,
Panaji- 403 001
Goa
Phone: 91-832-2226377
Website: http://www.goaditc.gov.in/
Goa Chamber of Commerce & Industry
Narayan Rajaram Bandekar Bhavan, T.B Cunha Road,
P.O. Box 59, Panaji - 403 001
Phone: 91-832-2424252
E-mail: [email protected]
Website: http://www.goachamber.org/
Approvals and clearances required Departments to be consulted Estimated time in days
Incorporation of company Registrar of Companies NA
Registration, Industrial Entrepreneurs
Memorandum (IEM), Industrial Licences
High Powered Coordination Committee (HPCC)
for large and medium-sized projects, Director of
Industries, Trade and Commerce for small and
micro projects
NA
Allotment of land Goa-IDC 8 to 15
Permission for land use Goa-IDC 8 to 15
Site environmental approval Goa State Pollution Control Board and Ministry of
Environment and Forests 60
No objection certificate and consent
under Water and Pollution Control Acts Goa State Pollution Control Board 7 to 14
Approvals and clearances required Departments to be consulted Estimated time in days
Approval of construction activity and
building plan Town and Country Planning Authority 30
Sanction of power State Electricity Department Up to 60
Registration under the State Sales Tax
Act and Central and Excise Act
Sales Tax Department and Central and State
Excise Department NA
The Goa Industrial Policy 2003 has revamped the single-window clearance mechanism in the state.
HPCC, chaired by Goa’s Chief Minister, has been appointed responsible for dealing with large projects. Members of the
committee include senior-most officers of concerned state departments.
The Director of Industries, Trade and Commerce handles small scale industries. The Goa-IDC and the District Industries
Centre act as nodal agencies for various projects in the state. Goa-IDC handles the creation of SEZs in the state.
Greater than
US$ 1.09 million
Below US$ 1.09
million
HPCC
Department of
Industries,
Trade and
Commerce
Director of
Industries, Trade
and Commerce
The Chief
Minister
District
Industries
Centre
Goa Industrial
Development
Corporation
(Goa-IDC)
Nodal Agency Under the
Chairmanship of Investment handled
Goa Investment Policy 2013, which laid a special thrust on development of Special Investment Regions, aims to kick start
investment in Goan economy.
This policy aims to articulate various initiatives being undertaken to make Goa a preferred and aspirational investment
destination.
It aims to create an institutional framework for facilitating investments in the thrust areas as well as other areas decided
upon by the Investment Promotion Board (IPB)/Government of Goa on an ongoing basis.
Preliminary Project
Report submitted to
IPB
Evaluation and
recommendation
by satellite expert
consultant
IPB decision on
investment
proposal along with
all approving
authorities
Check on land
availability in
industrial estates
Process for industrial set up in Goa
15 days Rejection
IPB
Approval
Detailed
templatised
proposal submitted
to IPB
Land not available
Land
Earmarked 30 days
Evaluation and
recommendation by
satellite consultant
Nodal officer
approval who
would assist with
all approvals Approval
Rejection
Receipt of all
clearances for unit
to establish facility
and start
operations
30 days 30 days 30 days
Cost parameter Cost estimate
Industrial land (per sq ft) US$ 10–50
Office space rentals (per sq ft per month) US 60 cents to US$ 2
Residential rentals
(for a 2,000 sq ft house per month) US$ 800–1,300
Five-star hotel room (per night) US$ 160–800
Power cost (per kWh) Industrial: US 4.7–7.3 cents
Labour cost (minimum wage per day) US$ 3.9–5.5
Source: Industry sources, Goa-IDC, Ministry of Labour and Employment,
Government of India, Electricity Department, Government of Goa
Official Gazette dated 7-3-2013, Government of Goa
The government of Goa is presently working on the drafting of a new industrial policy to be implemented in 2013 in order to
boost investor confidence and attract new industries to Goa.
Objectives of the new industry policy 2013 are to encourage setting up of industries, which are non-polluting and
employment-oriented, with the new thrust areas identified as electronics and pharmaceuticals.
The state government has announced plans to introduce a comprehensive IT policy with the objective of supporting the
electronic system design and manufacturing (ESDM) sector in the state.
The state government is working on the new tourism policy with a vision of overall tourism development and to engage with
private players to invest and develop infrastructure in the state.
Goa Special Economic Zone Policy 2006
• To augment infrastructure facilities to boost exports.
Read more Objective
Biotech Policy 2006
• To ensure accelerated growth in all areas of the biotechnology sector such as education,
research and economic sectors covering healthcare, agriculture, industry, services, environment
management and employment generation. Objectives of the policy include prioritisation of the
thrust areas for basic and applied research and technology development, and promotion of
innovations in R&D by providing financial and infrastructural support. Read more
Objective
Goa Investment Policy 2013
0 • Creating 50,000 jobs and investing US$ 4.2 billion in new projects in the next five years.
• Providing 24*7 high-quality power supply and logistics infrastructure.
Read more
Objective
Industrial Policy 2003
• To ensure accelerated industrial development, catalyse economic growth and balanced
regional growth, protect the environment and create sustainable employment for local youth of
the state.
• Key areas identified are pharmaceuticals, drugs and biotechnology, food processing, agro-
based, IT and IT-enabled services, eco-tourism/heritage tourism/adventure tourism/event
tourism/medical tourism and entertainment industries.
Read more
Objectives
IT Policy 2005
• To improve productivity in government offices, provide efficient service to citizens at reduced
costs and increase export earnings from software, computers, computer peripherals, telecom and
IT-enabling services by encouraging industries through fiscal and regulatory benefits.
Read more
Objective
Fiscal Year INR equivalent of one US$
2004-05 44.81
2005-06 44.14
2006-07 45.14
2007-08 40.27
2008-09 46.14
2009-10 47.42
2010-11 45.62
2011-12 46.88
2012-13 54.31
2013-14 60.28
Average exchange rates
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