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Goa State India Economic Snapshot August 2013

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Page 1: Goa State India Economic Snapshot
Page 2: Goa State India Economic Snapshot
Page 3: Goa State India Economic Snapshot

Second largest iron ore

producer

• Goa was the second largest producer of iron ore in India during 2011-12. The state

produced 20.3 per cent of the country’s total iron ore and exported over 70.0 per cent of

output.

Leading medicine

manufacturer

• Goa accounts for around 12 per cent of total medicines produced in India. The state’s

pharmaceuticals industry generated revenue of US$ 2.1 billion 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 during 2011-12.

Tourist paradise

• Goa is traditionally known as a tourist paradise for its natural scenery, unique beaches

and cultural diversity. The state attracted 2.8 million tourists, including 450,530 foreign

visitors, in 2012.

Source: Economic Survey of Goa 2012-13, Aranca Research

Page 4: Goa State India Economic Snapshot

Strong growth in

fisheries sector

• The fisheries sector in Goa recorded the highest growth rate of 41.8 per cent among all

sectors during 2011-12. Fish exports from the state increased to 40,000 tonnes in 2012

from 37,827 tonnes in 2011.

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 states in the

country to achieve 100 per cent rural electrification.

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 provisional data, Goa has the fourth highest literacy rate in the

country at 87.4 per cent, against the national average of 74.0 per cent.

Source: Economic Survey of Goa 2012-13, Ministry Of Road Transport and Highways,

Government of India, Aranca Research

Page 5: Goa State India Economic Snapshot

• The engineering sector is delicensed; 100 per cent FDI is allowed in the sector

• Due to policy support, there was cumulative FDI of USD14.0 billion into the sector over April 2000 – February 2012, making up 8.6 per cent of total FDI into the country in that period

Growing demand High economic growth

• Average GSDP growth rate was at about 16.0 per cent between 2004-05 and 2011-12

• 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 with its importance as 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.

• Moreover, 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

2011-12

Installed

power

capacity:

430 MW

2021F

Power

demand

Forecast:

708 MW

Advantage

Goa

GSDP : Gross Domestic State Product

Source: Economic Survey of Goa, 2012-13, Planning commission of India

Page 6: Goa State India Economic Snapshot

Goa is located in the western region of India. The state

shares a 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

(which is also the state capital) and Margao. The state has

two districts: North Goa and South Goa.

Goa has a tropical climate with a monsoon season, which

lasts 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)* 0.71

Sex ratio (females per 1,000 males)* 968

Literacy rate (%)* 87.4

Sources: Government of Goa Website: www.goa.gov.in,

*Provisional data – Census 2011

Page 7: Goa State India Economic Snapshot

Parameter Goa All-States Source

Economy 2011-12 2011-12 2012-13

GSDP as a percentage of all states’ GSDP 0.4 100 100 Planning Commission Databook,

current prices

Average GSDP growth rate (%)* 16.0 15.9 15.6** Planning Commission Databook,

2004-05 to 2011-12, current prices

Per capita GSDP (US$) 4,166.3 1,434.8 1,414.2 Planning Commission Databook,

current prices

Physical Infrastructure

Installed power capacity (MW) 430.0 225,133.1 Central Electricity Authority, as of May 2013

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 (%) 87.4 74.0 Provisional data – Census 2011

Birth rate (per 1,000 population) 13.3 21.8 SRS Bulletin (www.censusindia.gov.in), 2012

*Calculated in Indian rupee terms, ** 2004-05 to 2012-13, SRS: Sample Registration System

Page 8: Goa State India Economic Snapshot

Parameter Goa All-States Source

Investment

FDI equity inflows (US$ billion) 0.8 193.4 Department of Industrial Policy & Promotion,

April 2000 to March 2013

Outstanding investments (US$ billion) 13.6 10,499.2 CMIE (2012-13)

Industrial Infrastructure

PPP projects (No) 2 881.0 www.pppindiadatabase.com

SEZs (No) 3 386.0 Notified as of January 2013,

www.sezindia.nic.in

PPP: Public Private Partnership, SEZ: Special Economic Zone

Page 9: Goa State India Economic Snapshot

2.8 3.2

3.6

4.9 5.5

6.1

7.4 7.5

200

4-2

00

5

200

5-2

00

6

200

6-2

00

7

200

7-2

00

8

200

8-2

00

9

200

9-2

01

0

201

0-2

01

1

201

1-2

01

2

At current prices, Goa’s gross state domestic product

(GSDP) was about US$ 7.5 billion during 2011-12.

The GSDP grew at a compound annual growth rate

(CAGR*) of 16.0 per cent over 2004-05 and 2011-12.

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

16.0%*

Source: Economic Survey of Goa, 2012-2013

*In Indian rupee terms

Page 10: Goa State India Economic Snapshot

2.4

2.8 3.2

4.2 4.8

5.3 6.3

6.3

200

4-2

00

5

200

5-2

00

6

200

6-2

00

7

200

7-2

00

8

200

8-2

00

9

200

9-2

01

0

201

0-2

01

1

201

1-2

01

2

Goa’s net state domestic product (NSDP) was about US$

6.3 billion over 2011-12.

The NSDP grew at a compound annual growth rate

(CAGR*) of 15.5 per cent over 2004-05 and 2011-12.

NSDP of Goa at current prices

(in US$ billion)

CAGR

15.5%*

Source: Economic Survey of Goa, 2012-2013

*In Indian rupee terms

Page 11: Goa State India Economic Snapshot

1,979.1 2,195.0

2,405.4

3,100.9 3,398.1 3,633.0

4,210.9

4,166.3

200

4-2

00

5

200

5-2

00

6

200

6-2

00

7

200

7-2

00

8

200

8-2

00

9

200

9-2

01

0

201

0-2

01

1

201

1-2

01

2

The state’s per capita GSDP was US$ 4166.3, one of the

highest in India, over 2011-12.

Goa’s per capita GSDP increased at a compound annual

growth rate (CAGR*) of 12.3 per cent between 2004-05 and

2011-12.

GSDP per capita of Goa at current prices

(in US$)

CAGR

12.3%*

Source: Economic Survey of Goa, 2012-2013

*In Indian rupee terms

Page 12: Goa State India Economic Snapshot

1,712.3

1,913.3 2,095.5

2,701.5

2,961.6 3,146.3

3,620.0 3,501.0

200

4-2

00

5

200

5-2

00

6

200

6-2

00

7

200

7-2

00

8

200

8-2

00

9

200

9-2

01

0

201

0-2

01

1

201

1-2

01

2

The state’s per capita NSDP was US$ 3,501.0, one of the

highest in India, during 2011-12.

Goa’s per capita NSDP increased at a CAGR* of 11.8 per

cent between 2004-05 and 2011-12.

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

11.8%*

Source: Economic Survey of Goa, 2012-2013

*In Indian rupee terms

Page 13: Goa State India Economic Snapshot

12.3% 23.7%

42.5% 30.1%

45.2% 46.2%

2004-05 2011-12

Primary sector Secondary sector Tertiary sector

During 2011-12, the tertiary sector accounted for 46.2 per

cent (US$ 3.4 billion) of GSDP, followed by secondary (30.1

per cent; US$ 2.2 billion), and primary (23.7 per cent; US$

1.7 billion).

At 27.0 per cent, the primary sector had the highest growth

among all three sectors between 2004-05 and 2011-12. It

was followed by the tertiary sector (16.0 per cent), and

secondary (10.1 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*

27.0%

16.0%

10.1%

Source: Economic Survey of Goa, 2012-2013

* In Indian rupee terms

Page 14: Goa State India Economic Snapshot

Crop Annual production

2012-13 (in tonnes)^

Rice 121,753*

Coconut 88.96**

Vegetables 78,308

Sugarcane 46,584*

Banana 25,885

Cashew nut 29,950

Mango 8,542

Groundnuts 8,000*

Pulses 8,286*

Pineapple 4,580

Rice is the major crop in the state followed by coconut,

vegetables, sugarcane, banana and cashew nut.

Over 2011-12, the rice production in Goa totaled 121,753

tonnes.

Groundnut is the principal field oil seed crop in the state.

Coconut production in Goa totaled 88.96 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 totaled 29,950 tonnes over 2012-13.

Source: Economic Survey of Goa, 2012-13, Goa Economy in Figures –

2012, Directorate of Agriculture, Goa,

*As of 2011-12, **Million nuts,

^Second advanced estimates

Page 15: Goa State India Economic Snapshot

20.6

49.2 42.6

60.9 72.7 76.9

18.3

21.5

27.0

37.2 37.8

40.0

0.0

10.0

20.0

30.0

40.0

50.0

0.0

10.0

20.0

30.0

40.0

50.0

60.0

70.0

80.0

90.0

2007 2008 2009 2010 2011 2012

Value (US$ million, LHS) Quantity (Thousand Tonnes, RHS)

Mining and mineral products are major exporting items from

the state.

Tourism is a key foreign-exchange earning sector for the

state.

In 2012, fish exports from the state reached around 40,000

tonnes, realising foreign exchange worth US$ 76.9 million.

Goa is a major iron ore exporting state in the country.

During 2011-12, iron ore exports from Goa were estimated

at 43.3 million tonnes (worth US$ 4.5 billion).

Fisheries exports from Goa

Source: Economic Survey of Goa, 2012-2013

Page 16: Goa State India Economic Snapshot

According to the Department of Industrial Policy &

Promotion (DIPP), FDI inflows for Goa totaled US$ 771

million from April 2000 to March 2013.

During 2012-13, outstanding project investments in the state

were US$ 13.6 billion, with the services sector accounting

for 71.7 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 planning stage include Mopa airport,

Panaji-Vasco sea link, Oceanarium and water augmentation

project.

Break up of outstanding investments by sectors

(2012-13)

72%

12%

8%

6%

2% Services

Manufacturing

Irrigation

Real Estate

Others

Others include mining and electricity

Source: CMIE

Page 17: Goa State India Economic Snapshot

As of March 2012, total length of roads in the state was

10,768.18 kms.

Goa had a total of 269 km of National Highways, as of June

2012.

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 the capital Panaji to

Belgaum (Karnataka) in East.

The state had a road density of 285.5 km 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

Page 18: Goa State India Economic Snapshot

The total railway-route length in Goa is around 69 km

consisting two rail tracks, the Konkan Railways line and the

South-Western Railways line; which connect it 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 helped tourism considerably.

The Mormugao port is connected through a broad gauge

line.

Source: Maps of India

Page 19: Goa State India Economic Snapshot

Goa has only 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.

It ranks among the top ten 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 is planning to construct a new international airport

at Mopa, in the Pernem taluka, on Build-Own-Operate-

Transfer (BOOT) basis. The land acquisition for the project

in in the final stages and the airport is expected to be

operational by 2016.

Source: Airports Authority of India

*Data from April 2012 till February 2013

Page 20: Goa State India Economic Snapshot

Goa has 255 km 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 a cargo traffic

of around 17.7 million tonnes, which was around 3 per cent

of total cargo traffic handled by India’s 13 major ports.

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 ports in India.

Ports

Major ports • Mormugao

Minor ports

• Panaji

• Chapora

• Betul

• Talpona

• Tiracol

Source: Ministry of Shipping, Government of India

Indian Ports Association

Page 21: Goa State India Economic Snapshot

As of May 2013, Goa had a total installed power generation

capacity of 430.02 MW. The state had per capita power

consumption of 1,883.8 kWh over 2011-12.

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 1800 MW. Under the

agreement with the developer of the block, Goa is entitled

to receive minimum power of 270 MW.

Installed power capacity (MW)

357.2

380.9 386.9

400.2

430.0 430.0

2008-09 2009-10 2010-11 2011-12 2012-13 2013-14

Source: Central Electricity Authority

Page 22: Goa State India Economic Snapshot

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 fiber-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

Sources: Economic Survey of Goa, 2010-11,

Goa Economy in figures – 2012, India Post

*As of December 2010

^Relates to BSNL, #As of January 2013

Page 23: Goa State India Economic Snapshot

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 the Jawaharlal Nehru National Urban Renewal

Mission (JNNURM), two projects costing around US$ 15.6

million have been sanctioned for Panaji. Areas of

development under these projects are heritage conservation

for the city of Panaji and water supply for Panaji city and

surrounding areas under the jurisdiction of the corporation

of the city of Panaji at Goa.

Water supply

• The supply of water in urban areas of Goa is 143

litres per capita per day (LPCD) and 82 LPCD in the

rural areas.

• 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

Page 24: Goa State India Economic Snapshot

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 Approved

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

Sources: http://www.pppindiadatabase.com,

National Highways Authority of India, Mormugao Port Trust, Goa

BOT: Build-Own-Transfer, BOOT: Build-Own-Operate-Transfer

Page 25: Goa State India Economic Snapshot

As of March 2013, Goa had seven formally approved and three notified special economic zones (SEZ).

Once ready, 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; there is at least one industrial estate in each taluka. The state is also

planning to establish 20 additional industrial estates.

Land acquisition of 1,777,593 square metres for expansion of industrial estates at Sancoale, Madkai, Tuem, Colvale &

Verna as well as for setting up of new industrial estates at Dhargal in Pernem taluka and Poinguinim in Canacona taluka in

line with the Regional Plan for Goa 2021, is in progress. The state government is also planning to set up new industrial

estates at Tuem Phase III and Tuem Phase IV, Sancoale Phase IV, Sircaim (Bardez) and Latambarcem (Bicholim).

The state government, in its notifications issued in 2012; named Goa-IDC Allotment Regulations, 2012, has provided

guidelines for the allotment process in industrial estates to make the procedure completely transparent.

Source: www.sezindia.nic.in

Goa Industrial Development Corporation

Page 26: Goa State India Economic Snapshot

Notified special economic zones (SEZ)s

Name/developer Primary industry Location

Meditab Specialities Private Limited Pharmaceuticals Goa

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

Page 27: Goa State India Economic Snapshot

Taluka Industrial estate

Ponda Bethora, Madkaim, Kundaim, 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

Page 28: Goa State India Economic Snapshot

Literacy rate (%)

Total 87.4

Male 92.8

Female 81.8

The state has a literacy rate of 87.4 per cent according to

the provisional data of Census 2011; the male literacy rate

is 92.8 per cent and the female literacy rate is 81.8 per cent.

Over 2011-12, the 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 school and 86 higher

secondary schools.

Goa is planning to set up an Indian Institute of Science,

Education and Research, an Indian Institute of Technology

and an Indian Institute of Management 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

Sources: Economic Survey of Goa, 2010-11,

Goa Economy in Figures – 2012

Page 29: Goa State India Economic Snapshot

Leading engineering, business management, medical and

legal institutes are present in Goa.

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 level 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 (provisional)

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) 15*

Sources: Goa Economy in Figures 2012,

Goa at a Glance 2010, *As of 2009-10

Goa College of Pharmacy, Government of Goa

Page 30: Goa State India Economic Snapshot

Health indicators (2011)

Population served per hospital bed

(2011-12) 271^

Birth rate* 13.3

Death rate* 6.7

Infant mortality rate** 11

Sources: Goa Economy in Figures - 2012, Sample Registration System

(SRS) Bulletin 2012 (www.censusindia.gov.in), *Per thousand persons, **Per

thousand live births, ^Only government sector has been considered

The state has better health ratios as compared to the rest of

the country. Annually, around 271^ persons are 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.

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

Page 31: Goa State India Economic Snapshot

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 Portugese 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.

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, both, for traditional forms of performance arts such as Natak, Tiatr and Zagor, as well as for modern art

forms such as Goan trance.

Directorate of Sports and Youth Affairs of Goa has launched Vision 2020 program in an effort to encourage sports and

produce Olympic players from the state.

Page 32: Goa State India Economic Snapshot

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 estates.

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

Page 33: Goa State India Economic Snapshot

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, iron and

steel industries are present 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 January 2013, the state had 7,621 micro, small and

medium enterprises (MSMEs) and 189 large scale

industries.

Over 2011-12 (up to November 2011), 409 entrepreneurs

have filed Entrepreneurs Memorandum Part–I with a

proposed investment of US$ 20.50 million in the state.

Key industries In Goa

• Tourism

• Food processing

• IT/ITeS

• Mining

• Biotechnology

• Pharmaceuticals

• Fishing

Number of enterprises registered during 2006-12

(up to December 2012)

Parameter Micro Small Medium

Units (no) 3,176 280 20

Proposed investment

(US$ million) 36.83 67.91 19.62

Expected

employment

generation (no)

25,784 12,077 1,794

Source: Economic Survey of Goa, 2012-13

Page 34: Goa State India Economic Snapshot

Pharmaceutical Cluster

• The cluster is run by the Goa Manufacturers’ Association (GPMA) and accounts for around

12 per cent of the medicines produced in the country.

• 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 of US$ 1,043.0 million have been

recorded in 2011-12.

• Fixed investment of US$ 104.3 million have been made.

Cashew Cluster

• 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 of US$ 3.1 million recorded in 2011-12

• Fixed investment of US$ 5.2 million has been made.

• It has an employment potential of 45,000 man days.

Source: Ministry of MSME, Government of India

Page 35: Goa State India Economic Snapshot

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.

It 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

opportunities for growth.

The 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 kilometers 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/

Page 36: Goa State India Economic Snapshot

Smartlink Network

Systems Ltd

Zenith Computer Pvt Ltd

PCS Technology Ltd

Crompton Greaves Ltd

• Formerly, D-Link (India) Private Limited. Smartlink Network Systems Ltd is one of the 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 and a software and research &

development centre at Verna in Goa. In 2011-12, the company had total revenue of US$ 14.46

million. It has 17 branch offices in the country. As of March 2012, the company had 497 full time

employees.

• The company was established in 1980 and is among 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 the Sancoale Industrial Estate, Zuari Nagar.

• PCS is an Indian technology company headquartered in Mumbai. The company focuses on

facilities management services, software services as well as computer hardware. It had gross

revenues of US$ 27.77 million over 2011-12. It 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.

• Crompton Greaves Ltd is a part of the US$4 billion Avantha Group, and specialises in electrical,

industrial and consumer electronics equipments. The company had revenues of US$ 2.34 billion

in 2011-12. It has over 20 manufacturing units in the country, four of which are located in Goa.

Page 37: Goa State India Economic Snapshot

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 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

Page 38: Goa State India Economic Snapshot

Sesa Goa Ltd

The Dempo Group

V.M. Salgaocar & Bro

Pvt Ltd

V.S. Chowgule and

Company Ltd

• Sesa Goa is a well known mining company in India. It is the flagship company of the

Vedanta Group and is India's largest exporter of iron-ore 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, Sesa Goa has diversified into manufacturing of pig-iron and metallurgical

coke. As of March 2012, Sesa Goa has the rights to exploration & production of an

estimated 374 million tonnes of iron ore. In 2011-12, the company produced 13.8 million

tonnes of iron ore, which generated revenues of US$ 1.56 billion. Apart from Goa, it has

mining operations in Karnataka.

• The Dempo Group is one of the state’s leading mining and export companies. It has two

subsidiaries for 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 in the process of 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 5 million tonnes per annum and its beneficiation plants produce over

3.5 million tonnes of iron-ore and pellets every year.

Page 39: Goa State India Economic Snapshot

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.

Goa Pharmaceutical Manufacturers' Association (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

Page 40: Goa State India Economic Snapshot

Ranbaxy

Laboratories Ltd

Aventis Pharma Ltd

Blue Cross Laboratories

Ltd

• Ranbaxy is among India’s leading pharmaceutical companies with business operations in

43 countries and manufacturing facilities in eight countries. It 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 revenue of US$ 2.3

billion in 2012.

• Established in May 1956, Aventis Pharma Ltd has Sanofi-Aventis and Hoechst GmBH as

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$ 297.2 million in 2011.

• 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. The annual sales turnover of the company is

around US$ 52 million and it has an employee strength of over 1,000.

Page 41: Goa State India Economic Snapshot

Cipla Ltd • Established in 1935, Cipla is one of the oldest pharmaceutical companies in the country. It

manufactures and markets bulk drugs and formulations. It posted revenues of US$ 1.5

billion in 2011-12 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. It has been earmarked to produce the company’s entire range of anti-

cancer and hormonal drugs.

Page 42: Goa State India Economic Snapshot

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 a key economic activity of Goa. It has contributed

substantially to the economic development of the state 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 2012, the state attracted 2.8* million tourists, of which

450,530 were foreign tourists.

As of December 2012, Goa had 2,777 hotels, with a total of

26,859 rooms and a bed capacity of 49,167.

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)

2.21 2.02 2.13 2.20 2.23 2.34

0.39 0.35

0.38 0.44 0.45

0.45

2007 2008 2009 2010 2011 2012

Domestic Foreign

Source: Department of Tourism, Government of Goa

Economic Survey of Goa, 2012-13

*Provisional

Page 43: Goa State India Economic Snapshot

Goa has a coastline of about 104 km and inland waterways

of about 255 km.

The coast is full of creeks and estuaries formed by rivers;

over 86,628 tonnes of marine fish and 3,887 tonnes of inland

fish were harvested in 2012.

Goa is a major exporter of sea-food to the US, Japan, China,

Middle East and the European countries. Fish exports from

the state increased to 40,000 tonnes (US$ 76.9 million) in

2012 from 37,827 tonnes (US$ 72.7 million) in 2011.

The fisheries sector recorded the highest growth rate at 41.8

per cent over 2011-12.

The government has made significant development to

provide and improve landing and berthing facilities to both

traditional fishermen and fishing boat operators.

The fishing industry in the state mainly comprises of

mechanised vessels, fish processing plants, marketing

network and shrimps 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)

91.1 88.7

80.6

87.0

86.2

86.6

3.0 3.0

3.2 3.3

3.5

3.9

2.5

3.0

3.5

4.0

4.5

50.0

60.0

70.0

80.0

90.0

100.0

2007 2008 2009 2010 2011 2012

Marine (LHS) Inland (RHS)

Source: Economic Survey of Goa, 2012-13

Page 44: Goa State India Economic Snapshot

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.

Page 45: Goa State India Economic Snapshot

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 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 e-governance objectives of the government.

Page 46: Goa State India Economic Snapshot

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/

Page 47: Goa State India Economic Snapshot

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-

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

Page 48: Goa State India Economic Snapshot

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

Page 49: Goa State India Economic Snapshot

The Goa Industrial Policy 2003, has revamped the single-window clearance mechanism in the state.

A high powered coordination committee, chaired by Goa’s Chief Minister, has been constituted 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 the small scale industries. The Goa-IDC and the District Industries

Centre act as nodal agencies for the 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

High powered

coordination

committee

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

Page 50: Goa State India Economic Snapshot

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$ 800-1300

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

Sources: 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

Page 51: Goa State India Economic Snapshot

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 to attract new industries to Goa.

Objectives of the new industry policy, 2013, are to encourage the setting up of industries, which are non-polluting and

employment-oriented with the new thrust areas identified as electronics and pharmaceuticals.

Furthermore, 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 also 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.

Page 52: Goa State India Economic Snapshot

Goa Special Economic Zone Policy 2006

• To augment infrastructure facilities for boosting 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

Page 53: Goa State India Economic Snapshot

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 to increase export earnings from software, computers, computer peripherals, telecom

and IT enabling services by encouraging industries through fiscal and regulatory benefits.

Read more

Objective

Page 54: Goa State India Economic Snapshot

Average for the year

Year INR equivalent of one

US$

2004-05 44.95

2005-06 44.28

2006-07 45.28

2007-08 40.24

2008-09 45.91

2009-10 47.41

2010-11 45.57

2011-12 47.94

2012-13 54.31

Exchange rates

Page 55: Goa State India Economic Snapshot

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