india’s major iron ore - ibefindia’s major iron ore producer • goa is one of the major iron...

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,


Per capita GSDP (US$) 4,055.1 1,414.4 Planning Commission Databook,


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%*


Economic Survey of Goa, 2013-2014, *In Indian Rupee terms


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%*





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%*





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


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


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


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.


• 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.


• 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)


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

http://www.goachamber.org/html/index.php?option=com_content&view=article&id=82:goa-sez-policy-2006&catid=21&Itemid=43

http://www.goachamber.org/html/joomdocs/Govt/Policies/GG-Bio2006_0607-27-SI-EOG-3.pdf

http://www.goaditc.gov.in/Goa Investment policy draft 13Aug2013 v43.pdf

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

http://www.goaditc.gov.in/industry.html

http://www.goa.gov.in/portalapp/pdf/ITPolicy2005.pdf

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

India Brand Equity Foundation (IBEF) engaged Aranca to prepare this presentation and the same has been prepared

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