AGUADA FORT IN CANDOLIM, GOA - IBEF · 2018. 3. 27. · For updated information, please visit March 2018 GOA AGUADA FORT IN CANDOLIM, GOA PEARL OF THE ORIENT

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GOA

AGUADA FORT IN CANDOLIM, GOA

PEARL OF THE ORIENT

Table of Content

Executive Summary……………….….…….3

Advantage State…………………..….……..4

Goa Vision 2035…………………….………5

Goa – An Introduction…………….……..….6

Annual Budget 2016-17.…………..............18

Infrastructure Status……………...………... 20

Business Opportunities…………...…………37

Doing Business in Goa…………..………… 55

State Acts & Policies………….….………… 56

For updated information, please visit www.ibef.org GOA 3

EXECUTIVE SUMMARY

Around 32.29 million tonnes of iron ore was extracted from 44 operational mines in the state between

September 2015 and October 2017.

Exports of iron ore reached 17.64 million tonnes between September 2015 and November 2017.

India’s major iron ore

producer

During 2016-17, the total traffic handled by Mormugao port was recorded to be 33.18 million tonnes,

registering a growth of 59.70% over the previous year, which is the highest growth rate among 12 major

ports of the country. The port handled 23.95 million tonnes of cargo in 2017-18*.

The average output per ship berth day was recorded to be 12,042 million tonnes during the same period.

Mormugao Port,

reflected remarkable

growth

Goa is one of the fastest growing states in the country. Goa’s net state domestic product (NSDP) was US$

8.55 billion in 2016-17.

Strong economic

growth

Goa is a popular tourist destination due to its natural beauty and bountiful avenues for leisure and relaxation.

During 2016, Goa was the ninth most visited state in terms of footfall of foreign tourists with Foreign Tourist

Arrivals (FTAs) reaching 680,683.

Tourist paradise

Source: Economic Survey of Goa, Mormugao Port Trust Goa, Ministry of Mines, Ministry of Tourism, Indian Express

Note: * up to February 2018


ADVANTAGE GOA

High Economic Growth

GSDP compounded annual growth rate was at about

12.55% between 2011-12 and 2016-17.

The state has one of the highest per capita GSDP in the

country and stands at about US$ 6,345.9 in 2016-17.

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.

March 2015

Installed

thermal

power

capacity:

400.02 MW

February

2018

Installed

thermal

power

capacity:

518.79 MW

Advantage

Goa

Source: Economic Survey of Goa, 2014-15, Press Information Bureau GSDP: Gross State Domestic Product


GOA VISION 2035

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.

To conserve Goa’s biodiversity,

embrace responsible mining,

develop tourism sites.

Source: Goa Chamber of Commerce and Industry


GOA FACT FILE

Source: Census 2011

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 Arunachal Pradesh

Capital Panaji

Geographical area (sq km) 3,702

Administrative districts (No) 2

Population density (persons per sq km) 364

Total population (million) 1.46

Male population (million) 0.74

Female population (million) 0.72

Sex ratio (females per 1,000 males) 973

Literacy rate (%) 88.7


GOA IN FIGURES … (1/2)

1Denotes Goa including Maharashtra

Parameter Goa All states Source

Economy 2016-17 2016-17

GSDP as a percentage of all states’ GSDP 0.4 100.0 Aranca Estimates based on NSDP figures provided by

Directorate of Economics and Statistics, Goa

GSDP growth rate (%) 12.5 10.98 Aranca Estimates based on NSDP figures provided by


Per capita GSDP (US$) 6,345.9 1,611 Aranca Estimates based on NSDP figures provided by


Physical Infrastructure 2017-18 2017-18

Installed power capacity (MW) 545.55 334,146.91 Central Electricity Authority, as of February 2018

Wireless subscribers (No)1 93,383,754 1,167,435,645 Telecom Regulatory Authority of India, as of

December 2017

Internet subscribers (million) 35 429.24 Telecom Regulatory Authority of India, as of

September 2017

National Highway length (km) 262 100,087.08 NHAI & Roads and Building Department

Major and minor ports (No) 1+5 13+187 India Ports Association

Airports (No) 1 125 Airports Authority of India


GOA IN FIGURES … (2/2)

Note: PPP: Public Private Partnership, SEZ: Special Economic Zone, 1Only notified and formally approved SEZ

Parameter Goa All states Source

Social Indicators

Literacy rate (%) 88.7 73.0 Census 2011

Birth rate (per 1,000 population) 12.9 20.4 SRS Bulletin, September 2017

Investments

FDI equity inflows (US$ billion) 0.965 367.93 Department of Industrial Policy & Promotion, From

April 2000 to December 2017

Industrial Infrastructure

Completed and Operational PPP projects

(No) 42 9,068

DEA, Ministry of Finance, Government of India,

February 2018

Exporting SEZs (No) 0 222 Ministry of Commerce & Industry, Department of

Commerce, December 2017


ECONOMIC SNAPSHOT – GSDP

At current prices, Goa’s gross state domestic product (GSDP) was

about US$ 10.85 billion in 2017-18E.

The GSDP increased at a compound annual growth rate (CAGR) of

3.10% between FY12-18E.

Goa’s economic growth is driven by the strong performance of

industrial sectors such as mining, tourism and pharmaceuticals.

Visakhapatnam port traffic (million tonnes) GSDP of Goa at current prices (in US$ billion)

Source: Directorate of Economics and Statistics Goa, Government of Goa, Economic Survey 2016-17, Aranca Research

9.0

4

7.0

2

5.9

6

7.9

3

8.2

9

9.6

2 1

0.8

5

0.00

2.00

4.00

6.00

8.00

10.00

12.00

201

1-1

2

201

2-1

3

201

3-1

4

201

4-1

5

201

5-1

6

201

6-1

7

201

7-1

8E

CAGR 3.10%

Note: E – Estimate, 2017-18E – Estimate of the Goa Economic Survey 2017-18


8.1

1

6.3

6

5.3

2

7.1

7

7.5

2

8.7

6

0.00

1.00

2.00

3.00

4.00

5.00

6.00

7.00

8.00

9.00

10.00

201

1-1

2

201

2-1

3

201

3-1

4

201

4-1

5

201

5-1

6

201

6-1

7

ECONOMIC SNAPSHOT – NSDP

Goa’s net state domestic product (NSDP) was about US$ 8.76 billion

in 2016-17.

The NSDP grew at a CAGR of 1.30% between 2011-12 and 2016-

17.

Visakhapatnam port traffic (million tonnes) NSDP of Goa at current prices (in US$ billion)

CAGR 1.30%

Source: Directorate of Economics and Statistics Goa, Government of Goa, Economic Survey 2016-17


ECONOMIC SNAPSHOT – PER CAPITA GSDP

The state’s per capita GSDP was US$ 6,345.9 one of the highest in

India, during 2016-17.

Goa’s per capita GSDP increased at a CAGR of 0.57% between

2011-12 and 2016-17.

Visakhapatnam port traffic (million tonnes) GSDP per capita of Goa at current prices (in US$)

Source: Directorate of Economics and Statistics Goa, Government of Goa, Aranca Research

6,1

68

.8

4,7

58

.6

4,0

12

.8

5,3

05

.7

5,5

09

.2

6,3

45

.9

0.0

1,000.0

2,000.0

3,000.0

4,000.0

5,000.0

6,000.0

7,000.0

201

1-1

2

201

2-1

3

201

3-1

4

201

4-1

5

201

5-1

6

201

6-1

7

CAGR 0.57%

Note: 2016-17 estimate for GSDP based on NSDP figures – GSDP is calculated as percentage of NSDP based on data for FY12-16


ECONOMIC SNAPSHOT – PER CAPITA NSDP

The state’s per capita NSDP was US$ 5,778.33 in 2016-17.

Goa’s per capita NSDP increased at a CAGR of 0.87% between

2011-12 and 2016-17.

Certain factors, such as substantial foreign exchange earnings from

mining and tourism industries, contributed to the high per capita

NSDP in the state.

Visakhapatnam port traffic (million tonnes) NSDP per capita of Goa at current prices (in US$)

55

34

.22

43

15

.12

35

79

.56

47

97

.36

49

96

.32

57

78

.33

0.00

1000.00

2000.00

3000.00

4000.00

5000.00

6000.00

7000.00

201

1-1

2

201

2-1

3

201

3-1

4

201

4-1

5

201

5-1

6

201

6-1

7

CAGR 0.87%

Source: Directorate of Economics and Statistics Goa, Government of Goa, Economic Survey 2016-17


ECONOMIC SNAPSHOT – PERCENTAGE

DISTRIBUTION OF GSVA

In 2016-17, the tertiary sectorµ accounted for 35.55% of GSVA at

current prices, secondary sector for 55.18% and the primary sector

contributing a share of 9.26%.

At 11.67%, the secondary sector had the highest growth among all

three sectors between 2011-12 and 2016-17, followed by the tertiary

sector (11.07%).

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.

Visakhapatnam port traffic (million tonnes) GSVA composition by sector

Source: Directorate of Economics and Statistics Goa, Government of Goa Sector-wise %share of GSDPµ -Geometric mean of YoY calculation from 2004-05 to 2015-16

21.52%

9.26%

47.23% 55.18%

31.25% 35.55%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2011-12 2016-17

Primary Sector Secondary Sector Tertiary Sector

-8.55%

11.07%

11.67%

CAGR


ECONOMIC SNAPSHOT – AGRICULTURAL

PRODUCTION

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. During 2016-17, cashew

nut production in the state was estimated at 30,200 tonnes.

Agriculture in Goa comprises cultivation of crops like paddy, cashew,

coconut and seasonal vegetables and pulses, and provides

livelihood support to nearly 12% of the state’s 1.5 million population.

Value of agricultural exports from Goa were US$ 8.27 million for the

period 2017-18, April to November.

Source: Economic Survey of Goa, 2014-15, Indian Horticulture Database 2014-15, National Horticulture Board, State Budget 2016-17, DAHD

Category Annual production

2016-17 (in thousand tonnes)

Food-grains 122

Rice 116.07

Cashew 30.2

Arecanut 3

Sugarcane 40.2

Milk 51.36


ECONOMIC SNAPSHOT – EXPORTS

Visakhapatnam port traffic (million tonnes) Fisheries exports from Goa Visakhapatnam port traffic (million tonnes) Iron ore exports from Mormugao Port Trust (‘000 tonnes)

23

.2

42

.9

41

.3

63

.3

70

.7

69

.8

68

.3

70

.2 18.3

21.5 27.0

37.2 37.8 42.7 32.8 42.9

0.0

20.0

40.0

60.0

0.0

20.0

40.0

60.0

80.0

200

7-0

8

200

8-0

9

200

9-1

0

201

0-1

1

201

1-1

2

201

2-1

3

201

3-1

4

201

4-1

5

Value (US$ million, LHS) Quantity ('000 tonnes)

604

3,570

14,723

8,161

0

3000

6000

9000

12000

15000

2014-15 2015-16 2016-17 2017-18*

Source: Ministry of Mines, Mormugao Port Trust Goa

Item 2013-14 2014-15 2015-16 2016-17

TEUS Tonnage TEUS Tonnage TEUS Tonnage TEUS Tonnage

Frozen fish 2,328 32,804 3,064 42,940 2,308 32,271 3,128 44.735

Zinc oxide 96 1,697 138 2,476 19 320 - -

Pig iron 381 10,328 1,228 33,580 641 17,570 472 12,977

Battery plates 17 354 6 126 3 63 3 67

Coke 36 608 77 1,769 13 180 - -

Iron casting 418 6,455 510 7,511 472 7,226 533 7,586

Pharmaceutical

products 325 2,537 750 6,151 636 5,076 555 4,522

Total export 6,445 101,453 8,682 144,423 8,682 108,286 NA NA

Commodity wise container traffic handled at Mormugao port (tonnage in metric tonnes)

Note: * up to February 2018, Data is as per latest available information


ECONOMIC SNAPSHOT – GOA EXPORT POTENTIAL

Commodities exported from Mormugao Port

Commodities 2013-14 (in million tonnes) 2014-15 (in million tonnes) 2015-16 (in million tonnes) 2016-17 (in million tonnes)

Iron ore & iron ore pellets 0.04 0.60 3.57 14.72

Other ores 0.16 0.27 0.21 NA

Total ores 0.20 0.87 3.78 14.72

Alumina NA 0.02 0.02 0.05

Steel slabs 0.06 0.06 NA 0.14

Hot rolled coils 1.21 1.63 0.84 1.82

Container cargo 0.12 0.17 0.14 0.17

Granite 0.36 0.30 0.31 0.29

Other cargo 0.28 0.27 0.31 0.14

Wheat 0.04 NA NA NA

Sugar 0.06 0.01 0.01 NA

Total exports 2.33 3.33 5.41 17.33

Source: Mormugao Port Trust, Goa; NA – Not available

Date: Data is as per latest available information


ECONOMIC SNAPSHOT – FDI INFLOWS &

INVESTMENTS

According to the Department of Industrial Policy & Promotion (DIPP),

FDI inflows into the state of Goa, during April 2000 to December

2017, was US$ 965 million.

Source: Department of Industrial Policy & Promotion

Visakhapatnam port traffic (million tonnes) FDI equity inflows, 2008-09 to 2017-18 (US$ million)

29

16

9

30

2

38

9 17

35

18

83

41

0

50

100

150

200

250

300

350

200

8-0

9

200

9-1

0

201

0-1

1

201

1-1

2

201

2-1

3

201

3-1

4

201

4-1

5

201

5-1

6

201

6-1

7

201

7-1

8

Current Ongoing Projects under GSIDC

Project Category Start date End date Status as on July 2016 Estimated cost (in US$ million)

Construction of Bridge across river Mandovi

at Panaji Connectivity July 2014 September 2017 40% completed 54.23

Construction of Panchayat Complex at

Chicalim

Public

Amenities March 2014 February 2016 75% completed 1.26

Establishing infrastructure for Organic

Waste Management Facility Environment

February

2014 August 2016 80% completed 0.45

Infrastructure works for Sanjay Centre for

Special Education at Bogda, Vasco.

Sports &

Education

November

2014 November 2016 60% completed 1

Construction of Primary Health Centre at

Navelim, Margao, Goa.

Healthcare

Facilities July 2015 October 2016 32% completed 0.51

1

Note: 1Up to December 2017

Date: Data is as per latest available information


ANNUAL BUDGET 2017-18… (1/2)

The Gross Budget presented for 2018-19 is US$ 2.64 billion as against US$ 2.48 billion in 2017-18, an increase of 6.84 per cent over the previous

year.

US$ 377.66 million has been allocated to education sector including medical education in the state budget 2018-19.

Increase in PWD budget allocation of US$ 282.61 million.

20 MLD water treatment plant for Panaji will be completed till 2018.

100 dual pump solar power water supply projects in remote areas will be introduced.

New sewage system in Candolim & Bicholim. US$ 15.62 million provided for creating additional infrastructure for 36th National Games in 2018.

In the budget 2018-19 government has put stress on generating employment, thus US$ 84.78 million has been allocated under the heads of

industry, labour and employment and information and technology.

Source: Finance Department, Government of Goa


ANNUAL BUDGET 2017-18 … (2/2)

Annual budget (estimates in US$ million)

Departments Budget allocations (2017-18)

Education 234.79

Public works 307.76

Sanitation 51.99

Water resources 52.08

Mining 8.59

Agriculture 26.72

Social welfare 48.46

Medical and Public Health 79.63

Tourism 31.07

Panchayats 29.83

Urban development and municipalities 1.49

Sports & youth affairs 32.03

Transport 42.38

Source: State Budget 2015-16, Government of Goa


PHYSICAL INFRASTRUCTURE – ROADS

NH-17 runs along India's West Coast & links Goa to Mumbai in the

north & Mangalore to the south. NH-4A running across the state

connects Panaji to Belgaum (Karnataka) in the east. As of May 2015,

the construction of 4 state highways, 10 major district roads & 76

rural roads are under progress.

The state had a road density of 68.7 km per 1,000 sq. km of area, as

of December 2016.

As per budget 2016-17, under the National Highway Development

Programme (NHDP- Phase III), projects for 4 laning of NH-17 as well

as NH-4 received the in-principle approval during 2015-16. The

project was under progress as of February 2017.

As per Budget 2017-18, dedicated cell would be made in PWD to

look after PM Gram Sadak Yojana and other infrastructure works.

Around 65% of the work on New Mandovi bridge was completed as

of August 2017 while work on the new Khandepar bridge costing

US$ 44.18 million will be completed before 2020. Road safety audit

worth US$ 32.73 million to be taken up in 2017.

Road type Road length (km)

National highways 262

State highways 232

District highways 815

Source: Directorate of Transport PWD: Public Works Department, State Budget 2016-17


The total railway route in Goa is around 167 km long, comprising two

rail tracks: the Konkan Railways line & 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 west to 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 & Mangalore, has

considerably boosted tourism. The Mormugao port is connected through

a broad gauge line.

The government has pulled off a new double-decker luxury train service

on Konkan Railways route that commutes tourists from Mumbai to Goa.

The Government of India introduced a Double Decker Express train on

December 6, 2015 to improve connectivity between Goa & Mumbai.

An amount of US$ 14.87 million has been allocated under 2017-18

budget towards Konkan Railways. 4 railway overbridges are to be built

in Goa with financial support from the Rail Ministry.

On May 22, 2017, state-of-the-art, high-speed, 15 coach train Tejas

Express, with a speed of 200 km/hour, made its debut. The train would

run between Mumbai to North Goa, covering a distance of 579 km in

8.5 hours. The train has 2 classes — executive chair car & chair car,

and is equipped with facilities like automatic doors, secured gangways,

Wi-Fi, LCD screens, magazines, tea-coffee vending machines, bio-

toilets, etc.

Source: Maps of India

PHYSICAL INFRASTRUCTURE – RAILWAYS


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.

Passenger footfalls at the Goa airport during 2016-17 reached

68,56,362 with aircraft movement reaching 47,801 flights.

The state introduced a new terminal in February 2014 at Dabolim.

As per state budget 2016-17, for the establishment of an

international airport at Mopa in Taluka Pernem, on PPP basis, the

Government of Goa has already issued proposals to shortlisted

builders. The state has acquired 7.4 million sq. metres of land for

the airport. The airport is being designed to handle 4 million

passengers, in addition to the 4 million capacity at Dabolim, to

create a total capacity of 8 million by 2018. The project will be

developed by GMR Airports Ltd. The 1st phase of the airport is

expected to be commissioned during financial year 2019-20.

Moreover, for the development of the civil aviation sector in the

state, an allocation of US$ 22.33 million has been proposed by the

state government.

As per Budget 2017-18, Dabolim airport will be upgraded on a time-

to-time basis even after the completion of Greenfield Mopa

international airport. In January 2018, the state government

appointed consultants to monitor the construction of the airport.

PHYSICAL INFRASTRUCTURE – AIRPORTS … (1/2)

Source: Airports Authority of India, Department of Tourism, Government of Goa Economic Survey of Goa, Goa Investment Policy 2014


PHYSICAL INFRASTRUCTURE – AIRPORTS … (2/2)

Goa passenger traffic (million) Goa aircraft movement (Nos.)

Source: Airports Authority of India

Freight handled by Goa airport (tonnes)

2013-14 2014-15 2015-16 2016-17 2017-18*

4,767 4,498 4,880 4,103 3,814

24

,32

6

24

,01

8

27

,43

0

26

,80

4

28

,90

4

33

,42

2

39

,03

0

47

,80

1

41

,71

2

0

10,000

20,000

30,000

40,000

50,000

60,000

200

9-1

0

201

0-1

1

201

1-1

2

201

2-1

3

201

3-1

4

201

4-1

5

201

5-1

6

201

6-1

7

201

7-1

8*

2.6

3

3.0

8

3.5

2

3.5

4

3.8

9

4.5

1 5.3

7

6.8

6

6.1

9

0

1

2

3

4

5

6

7

8

200

9-1

0

201

0-1

1

201

1-1

2

201

2-1

3

201

3-1

4

201

4-1

5

201

5-1

6

201

6-1

7

201

7-1

8*

Note: * April – January 2018


PHYSICAL INFRASTRUCTURE – PORTS

Goa has 255 km of rivers & canals, providing an economical mode

for goods transport. As of March 2016, the total capacity at

Mormugao port stood at 48.79 million MT. A total of 5.03 MT of

capacity was added during period 2015-16. The port had a capacity

of 50.04 million MT during 2016-17.

• During 2017-18*, the general cargo traffic handled at the port was

recorded to be 23.95 million tonnes.

The River Navigation Department was established to provide safe,

dependable & 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 &

international maritime cargo traffic.

During 2016-17, the total traffic handled by Mormugao port was

recorded to be 33.18 million tonnes, thereby registering a growth of

59.70% over the same period in the previous year, which is the

highest growth rate among 12 major ports of the country.

State-of-the-art patrol vessel ICGS Shaunak, the largest & most

advanced new generation OPV was added to Coast Guard fleet in

February 2017.

Major ports Mormugao

Minor ports

Panaji

Chapora

Betul

Talpona

Tiracol

Commodity-wise Traffic Handled at Mormugao Port during

2017-18*

Commodity Quantity (metric tonnes)

POL (Petroleum, Oil & Lubricants) 553,000

Iron ore 8,161,000

Thermal & Steam 1,842,000

Coking & others 8,591,000

Other Liquids 519,000

Container tonnage 396,000

Container TEUs 30,000

Other Misc. Cargo 3,698,000

Source: Ministry of Shipping, Government of India, Indian Ports Association, Mormugao Port Trust

Ports

Note: P – Provisional, *up to February 2018


PHYSICAL INFRASTRUCTURE – POWER

As of February 2018, Goa had a total installed power generation

capacity of 545.55 MW.

Of the total installed capacity, 496.79 MW was managed by central

utilities, 48.71 MW by private utilities and 0.05 MW by state utilities..

Thermal power plants accounted for a significant share in the total

installed capacity with 518.79 MW, whereas nuclear energy and

renewable energy contributed 26 MW and 0.76 MW respectively.

Goa is one of the few states in India to achieve 100% 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. Goa Electricity Department controls power

infrastructure in the state.

The project for laying a gas pipeline by GAIL from Gokak to Goa for

gas transportation to Goa has been completed.

As per the state budget 2016-17, the state government has taken up

various underground cabling projects for 2016-17 and has made

required financial provisions for these projects.

As per the state budget 2017-18, the state government will build an

MVA Gas insulated Sub-station at Tuem along with a line to feed this

Sub- station which will cost approximately US$ 16 million.

Visakhapatnam port traffic (million tonnes) Installed power capacity (MW)

Source: Central Electricity Authority, State Budget 2016-17 Economic Survey of Goa, 2014-15

35

7.2

0

38

0.9

0

38

6.9

0

40

0.2

0

43

0.0

2

40

0.0

2

40

0.0

2

41

2.4

5

54

0.5

6

54

5.5

5

0.00

100.00

200.00

300.00

400.00

500.00

600.00

200

8-0

9

200

9-1

0

201

0-1

1

201

1-1

2

201

2-1

3

201

3-1

4

201

4-1

5

201

5-1

6

201

6-1

7

201

7-1

8*

Note: * as of February 2018


PHYSICAL INFRASTRUCTURE – TELECOM

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. All the gram panchayats in the state of Goa are connected

with optical fiber.

In Goa, all the Gram Panchayats are already connected with optical

fibre cable. By the middle of December 2015, total number of post

offices functioning in the state was recorded at 258,

Moreover, the tele-density in the state stood at 109.42 per cent1, as

of December 2017.

In December 2016, the Government of Goa announced the launch of

Goa Yuva Sanchar Yojna, under which the state would be providing

100 minutes of free talk time and 3 GB of internet data every month,

free with a new SIM card.

Source: Economic Survey of Goa, 2014-15, Telecom Regulatory Authority of India

Wireless subscribers(1) 93,383,754

Wireline subscribers(1) 1,764,471

Internet subscribers(1)(2) 30,870,000

Tele-density(1) 109.42

Telecom infrastructure – December 2017

Some of the major telecom service providers

Bharat Sanchar Nigam Limited (BSNL)

Tata Indicom

Bharti Airtel

Aircel Limited

Reliance Communications

Note: 1Denotes Maharashtra including Goa, 2As of September 2017


DEVELOPMENT PROJECTS: URBAN

INFRASTRUCTURE

Panaji is one of the 65 cities identified under the Jawaharlal Nehru

National Urban Renewal Mission (JNNURM).

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 per the state budget 2017-18, the state government has planned

construction of second integrated Municipal Waste Treatment Plant

along with transfer station at Cacora in South Goa on Designed Built

Finance Operate & Transfer (DBFOT) basis.

As per budget 2017-18, US$ 81.81 million would be allocated for Panaji

under the Smart City mission, 5 major cities to be connected with tourist

places with frequent plying of KTC with a budget of US$22.31 million. All

street lights would be converted to LED lights by December 2017, a 2nd

solid waste treatment plant to be built at Cacora in South Goa, an

amount of US$ 17.25 million has been allocated for garbage

management.

National Urban Information System was introduced by Ministry of

Urban Development in March 2006. The purpose of this scheme is to

develop the geographic information system database for 152

towns/cities in the country. In Goa, 5 towns/cities are covered under

this scheme.

In April 2017, six rivers of Goa – Mandovi, Zuari, Chapora, Sal,

Mapusa and Chumbharjua were notified by the union government as

national waterways under the National Waterways Act, 2016.

Source: JNNURM, Ministry of Urban Development, Public Works Department of Goa SJSRY – Swarna Jayanti Shahari Rozgar Yojana NULM – National Urban Livelihoods Mission

Funds allocated to Goa under SJSRY and NULM (US$ million)

0.23

0.37

0.14

0.51

0.13

0.2

0

0.1

0.2

0.3

0.4

0.5

0.6

2012-13 2013-14 2014-15 2015-16 2016-17 2017-18

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).


DEVELOPMENT PROJECTS: PUBLIC PRIVATE

PARTNERSHIP (PPP) PROJECTS

PPP Projects - Goa

Project Name Sector Status Total cost (US$ million)

100 TPD solid waste management

facility unit at Calangute Water sanitation Operation and Maintenance Stage 22.65

Implementation of municipal solid waste

treatment plant at Bardez in North Goa Water sanitation Operation and maintenance stage 23.10

Development of Berth No. 7 Transport Operation and maintenance stage 33.60

Construction of Berth 5A; 6A at

Mormugao in South Goa Transport Operation and maintenance stage 34.15

Bulk cargo berths No. 5A & 6A Transport Operation and maintenance stage 37.42

Re-development of berth 8, 9 and Barge

berth with a capacity of 19.2 MMTPA at

Marmugao port

Transport Under Construction 188.14

Setting up of 10 TPD solid waste

management unit at Pernem Water sanitation Under Construction 2.33

Construction of cruise terminal at

Aguada Transport Under Construction 12.42

International Airport (Mopa) Project Transport Pre-construction Stage 465.64

As of November 2017, Goa had 9 PPP projects, of which one project is in pre-construction stage, three projects are under construction and five

projects are in operation and maintenance stage.


DEVELOPMENT PROJECTS: SEZ AND INDUSTRIAL

ESTATES … (1/3)

As of December 2017, Goa had seven formally approved and three

notified special economic zones (SEZs). However, there are no

operational SEZs in the state and no in-principle approved SEZ.

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 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 by 2019, facilitating new

investments of around US$ 4.2 billion in the state during 2014-19.

29%

29%

14%

14%

14%

IT/ITES

Biotech

IT

Pharmaceuticals

Gems and Jewellery

Sector-wise formally approved SEZs in Goa, December

Sector-wise formally approved SEZs in Goa, December 2017

Sector Developer Number of SEZs

IT/ITeS K. Raheja Corp Pvt. Ltd. 1

Biotechnology Peninsula Pharma Research

Centre Pvt Ltd 1

Pharmaceuticals Meditab Specialities Pvt Ltd 1

IT/ITeS Paradigm Logistics and

Distribution Pvt Ltd 1

Gems and

Jewellery Planet Mercantile Company 1

Biotechnology Inox Mercantile company 1

IT Panchbhoomi Infrastructure 1

Source: Ministry of Commerce & Industry, Department of Commerce, Goa Industrial Development Corporation, Economic Survey of Goa


DEVELOPMENT PROJECTS: SEZS AND INDUSTRIAL

ESTATES … (2/3)

Source: Ministry of Commerce & Industry, Department of Commerce

Name of the developer Location Type Area (hectares)

Meditab Specialities Private Limited Bhut Kham, Kerim Industrial Estate, Taluka Ponda, Goa Pharmaceuticals 123.20

Paradigm Logistics and Distribution Private

Limited Phase IV - Verna Industrial Estate, Goa. IT/ITeS 40.25

K. Raheja Corp Pvt. Ltd. Verna Industrial Area, Goa IT/ITeS 105.91

Peninsula Pharma Research Centre Pvt. Ltd. Sancoale Tal- Mormugao, Goa Biotech 20.365

Planetview Mercantile Company Limited Verna, Goa Gems and jewellery 13.28

Inox Mercantile Company Private Limited Verna, Goa Biotech 48.48

Panchbhoomi Infrastructure Private Limited Survey No. 260, Village Socorro, Bardez Taluka, North

Goa District, Goa IT 18.5

Formal approvals granted in the Board of Approvals after coming into force of SEZ Rules


DEVELOPMENT PROJECTS: SEZS AND INDUSTRIAL

ESTATES … (3/3)

Source: Goa Industrial Development Corporation

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


SOCIAL INFRASTRUCTURE – EDUCATION … (1/2)

The state has a literacy rate of 88.7 per ent according to the data of

Census 2011; the male literacy rate is 92.65% & the female literacy

rate is 84.66%.

During 2016-17, the total enrolments in schools were recorded to be

275,464.

As per state budget 2017-18, the Government of Goa has proposed to

allocate US$ 6.24 million as financial assistance for Goa University,

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.

Vasco, Margao & Panaji are proposed to be developed as a smart cities

in the state.

In Budget 2017-18 the state government allocated US$ 0.89 million

additional grants for primary schools, that impart education in Marathi &

Konkani, 15 additional supervisors & 50 counsellors in all schools & higher

secondary’s to be recruited, 11th standard students to be given laptops

with a budget of US$ 7.44 million, transport facility for students, integrated

educational complexes at Mapusa & Margao to be developed.

Source: Economic Survey of Goa, 2014-15, Goa State Budget 2016-17

Total 88.70

Male 92.65

Female 84.66

Literacy rate (%)

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


SOCIAL INFRASTRUCTURE – EDUCATION … (2/2)

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 per the state budget 2016-17, under Goa Scholarship Scheme,

the state government proposed to add ten more scholarships for

students by providing a unique 2 year funding window from the date

of their selection.

The state government is planning to set up its 2nd 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 & diploma courses in

pharmacy. In 2015, the institute had 60 seats for bachelor's degree,

60 seats for diploma & 23 seats for master’s degree in various fields

of pharmacy.

As per state budget 2017-18, the Government of Goa has proposed

to implement a new programme in the state for providing yoga

training as well as value education to the students of 350 primary

schools through Education Development Corporation of Goa.

Source: Educational Statistics at a Glance 2015-16, Government of Goa, 12014-15

Primary schools 1,181

Middle schools 68

Secondary schools 401

Higher secondary schools 99

Primary level teacher – pupil ratio 1:24

Higher secondary level teacher –

pupil ratio 1:19

Vocational and professional

institutes 30

1

Teachers training institutes 51

Universities & colleges for general

education 25

1

Universities & colleges for

professional education 27

1

Industrial Training Institutes (ITIs) 141

Educational Statistics, 2016-17


SOCIAL INFRASTRUCTURE – HEALTH

The state has better health ratios compared to the rest of the country.

Annually, around 276 persons were served per hospital bed during

2014-15.

Some of the renowned hospitals in the state include Apollo Victor

Hospital in Margao, Manipal Hospital in Panaji & Vrundavan Shalby

Hospital in Mapusa.

As of March 2018, the number of primary health centres & sub

centres in Goa were recorded to be 47 and 218, respectively.

In Budget 2016-17, the state government has proposed to construct

a new building of 44 bedded PHC Cansaulim & a new building of 12

bedded PHC Prina during 2016-17. The projects are under

construction as per Budget 2017-18.

Further, the state government has also made a provision of US$ 2.43

million for buildings, US$ 0.18 million for books & periodicals & US$

0.70 million for various equipment for Goa Medical College.

A provision of US$ 0.12 million has also been made for supplies and

materials & US$ 3.10 million is allocated for the completion of the

2nd phase of the building of Goa Dental College.

In the Budget 2017-18 an amount of US$ 22.31 million has been set

aside to set up a burns unit in Goa Medical College (GMC).

Primary health centres will be upgraded with more beds & the New

South Goa District hospital to be ready for public use in 2018.

The state government announced ban on use of plastic bags

effective from July 2017. Manufacturing, selling and carrying plastic

bags would lead to imposition of a fine of up to US$ 74.37.

Source: Goa Economy in Figures - 2015, Economic Survey of Goa, 2014-15 1Per thousand persons, 2Per thousand live births PHC# -Primary Health Centre, State Budget 2016-17

Primary health centres 47

Sub centers 218

Community health centres 10

Active district hospitals 3

Active sub-district hospitals 2

Health infrastructure (as of March 2018)

Birth rate1

12.9

Death rate1 6.7

Infant mortality rate2 8

Health indicators (September 2017)


CULTURAL INFRASTRUCTURE

There are several sports complexes in Panaji, Margao, Ponda & other cities. Football is the major sporting activity; cricket is also growing in

popularity. The state is home to the Goa Football Association & many renowned clubs like Sporting Clube de Goa & the Vasco Sports Club.

Goa has a number of churches, chapels & 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 5th Youth Delphic Games 2016 was hosted in Goa from February 1-14, 2016. The game combined 6 art categories & over 70 sub-categories,

with many artistic events and activities. The age limit for participating in these games was between 15 to 25 years.

The key hotels in Goa include Leela Kempinski, at Cavelossim, Taj Fort Aguada at Bardez, Park Hyatt at Cansaulim & the Intercontinental at

Canacona. The Panjim Inn, Cidade-de-Goa & Majorda Beach Resort are well-known hotels in Margao.

Goa is popular for traditional forms of performance arts like Natak, Tiatr & Zagor as well as modern art forms like Goan trance.

Directorate of Sports & Youth Affairs of Goa has launched the Vision 2020 programme in an effort to encourage sports & produce Olympic players

from the state.

Department of Art & Culture organizes ‘Lokotsav’, to promote handicrafts & folk forms. The 18th Lokotsav festival was organized in January 2016.

Construction of Konkani Bhavan under Konkani Academy is proposed under state budget 2017-18.

In December 2016, Goa hosted a new music festival “Wonderwall”, which was curated by the Indian DJ Nikhil Chinappa.

At the Goa carnival, the Indian Navy float showcased the profile of naval branch of the Indian armed forces, which provides coastal security &

carries out anti-piracy operations.

Goan film industry announced plans to collaborate with Jharkhand for making films. Under the central government 'Ek Bharat Shreshtha Bharat’

programme, the government of both the states organized a festival at ‘’Inox Courtyard’’ at Panaji on May 27 2017.


INDUSTRIAL INFRASTRUCTURE

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.

Goa Industrial Development Corporation (Goa-IDC) is the nodal agency established for setting up of industrial estates & offering developed plots

to industrial units in the state.

Goa-IDC has established 20 industrial estates, spread across the state’s talukas & is currently working on the expansion of existing industrial

estates as well as establishing new ones.

7 ITIs (industrial training institutes) in the state of Goa are covered under the World Bank Assisted Vocational Training Improvement Project

(VTIP) while 1 ITI in the state has been taken up by the central government for upgradation through public private partnership.

Source: Goa Industrial Development Corporation


SMART CITY & AMRUT

Panaji city is one of the 13 shortlisted cities in Fast Track Mode of City Challenge under Smart Cities Mission of the Ministry of Urban

Development, Government of India. Through participation in this challenge, Panaji aims to fast track the achievement of a world- class city while

retaining its heritage and cultural values. In order to convert Goa into a smart state, the CCP (Corporation of the City of Panaji) has set forth sub

goals to create an enabling environment to preserve local heritage and to promote cultural tourism, to increase engagement of citizens to improve

quality of life, to transform the city into a biodiverse and a sustainable city, to redesign Panaji as an inclusive ecomobile city and to enhance

resource efficiency to attain a landfill- free city.

The winning area based strategies proposed by Panaji include Retrofitting of Open Spaces Management, of Lake, River Precinct and sea shore

protection, of Heritage areas, of Flood Management and unique projects such as building incubation centers and GIS based property and land

management system.

As per the Smart City Proposal, the list of projects in Panaji include:

• Area Based Development: Service improvement for urban poor in Mala Fontainhas area, Integrated Urban Water Management, Church

Square Revitalization, Provision of basic services in entire area (2 sq km), etc

• Smart Transportation and Eco Mobility: Digital Enabled System for Public Bike Share System, Air Quality monitoring stations, Smart Parking,

Smart Component for buses (GPS, automated fare collection etc.), etc

• Smart Environmental Services: Trolley Bins with RFID tags, Biometric Attendance in 12 Zonal Offices, CCTV Surveillance of black spots, etc

Under AMRUT (Atal Mission for Rejuvenation & Urban Transformation) scheme by the Government of India, the city of Panaji has been selected

from the state of Goa. The main aim of the scheme is to promote use of public & non-motorised transport, & provide each household with tap

connections as well as enhance & develop greenery across these local bodies during 2015-16 to 2019-20.

Source: Census Organization of India, Smart Cities Mission, Corporation of the City of Panaji, AMRUT


KEY INDUSTRIES … (1/2)

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 & tubes, cement, electrical machinery, fish-net making machines, automatic washing machines, printed circuit boards,

pharmaceuticals & pharmaceutical machinery.

Mining (iron ore and manganese), pharmaceuticals, iron & steel industries are located in North Goa, while mining & 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.

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 deficiencies with regard to logistics and warehousing.

As per the state budget 2016-17, the state government proposed to take up the establishment work of a state-of-the-art festival venue as well as

an IFFI Secretariat in the state on PPP basis. For the same purpose, an allocation of US$ 152.8 thousand has been made by Government of Goa.

A dedicated task force is being set up to implement the project on fast track basis, as per Budget 2017-18.

Source: Economic Survey of Goa, 2014-15, State Budget 2016-17

Key industries In Goa

Tourism

Food processing

IT/ITeS

Biotechnology

Mining

Pharmaceuticals

Fishing


KEY INDUSTRIES – MAJOR CLUSTERS … (2/2)

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

12% of the country’s medicine production.

Principal products manufactured are tablets, capsules, ointments, liquid orals & injectibles.

The cluster has an annual growth rate of 18-20%; and, currently, 40 units are functioning under the cluster.

Export of pharmaceutical products from Goa has increased from 2,157 metric tonnes in 2012-13 to 5,076

metric tonnes in 2015-16.

Pharmaceutical cluster

The cluster is run by Goa Cashew Entrepreneurs’ Welfare Society with 300 functional units.

Cashew karnel is the major product manufactured.

Fixed investment of US$ 5.2 million has been made.

Export of cashew karnels has increased from 532 metric tonnes in 2012-13 to 775 metric tonnes in 2015-16.

Cashew cluster

Source: Ministry of MSME, Government of India, Brief industrial profile of South Goa district


KEY INDUSTRIES – IT/ITeS … (1/2)

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 88.7%; most

Goans are conversant with the English language, which is the lingua franca for the IT

industry.

As per state budget 2016-17, Government of India granted the approval to the state

government for constructing the Electronics Manufacturing Cluster in Tuem by

providing a central assistance of US$ 7.63 million to the state government. The project

is under progress and being developed by Info Tech Corporation of Goa Ltd.

The state government is also planning to develop an electropreneur park in the Goa

College of Engineering in association with India’s Software Technology Parks and

contribution of local ESDM industry, as per the budget 2016-17.

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.

Under the Budget 2017-18, work for setting up a new IT park in Chimbel is targeted for

completion on priority and the development of electronic city at Tuem has been

approved.

In April 2017, the state government announced an IT fund worth US$ 25.13 million, out

of which US$ 2.23 million is to be used for boosting the startup sector in the state. The

government has also proposed a startup promotion board, and US$ 74,371.56 to

encourage incubation centres across the state.

Source: The Directorate of Industries, Trade and Commerce, Government of Goa

Some of the key players

Smartlink Network Systems Ltd

Zenith Computer Pvt Ltd

PCS Technology Ltd

Crompton Greaves

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.



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. The company earned Rs 4.39 crore (US$ 0.68 million) in revenue

during the first third of 2017-18. It has 17 offices in the country.

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.

In 2015-16, the company earned US$ 0.27 million in revenue.

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 total income reached Rs 3.04 crore

(US$ 0.47) million in the third quarter of 2017-18.

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.

Smartlink Network

Systems Ltd

Zenith Computer Pvt

Ltd

PCS Technology Ltd


KEY INDUSTRIES – MINING

The mining belt of Goa covers an area of approximately 700 sq km &

is mostly concentrated in the 4 talukas of Bicholim, Salcete,

Sanguem & Quepem.

The iron ore in Goa is export oriented with average annual export

from Goa at around 30 million tonnes.

Most mines in Goa are of open-cast type, which necessitates the

removal of over burden overlying the iron ore formations. During

2015-16, the state government created a separate District Mineral

Foundation under the MMDR Act, 1957, as per which the state’s

mining firms need to deposit an additional amount of 30% of the

royalty paid to this fund.

Under state budget 2017-18, US$ 8.6 million has been allocated to

the mining sector.

Source: Ministry of Mines, Government of India

Mineral Reserves (In ‘000 tonnes)

Iron ore-hematite 6,42,113

Iron ore-magnetite 2,15,557

Manganese 23,271

Bauxite 53,072

Quartz/silica sand 20,004

Goa mineral reserves

2013-14 2014-15 2015-16

153,400 267,220 209,745

Goa bauxite exports (tonnes)


Sesa Goa

The Dempo Group

V.M. Salgaocar and Company Ltd

V.S. Chowgule and Company Ltd

Source: As per latest available data



Vedanta Limited, formerly known as Sesa Sterlite, 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. The company reported revenues of Rs 12,888 crore (US$ 1.99 billion) during the third

quarter of 2017-18. Vedanta Limited

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. V.M. Salgaocar & Bro

Pvt Ltd

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 Dempo Group

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. V.S. Chowgule and

Company Ltd


KEY INDUSTRIES – PHARMACEUTICALS … (1/3)

Export of pharmaceuticals products from Goa was recorded to be 5,076 metric tonnes during 2015-16.

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.

According to the 2017-18 state budget, the state government has made an allocation of US$ 3.2 million for Deen Dayal Swasthya Seva, which

provides the people of the state with a health cover through the insurance policy scheme, which includes a total of 443 medical treatments and

procedures.

In November 2016, Prime Minister of the Republic of Mauritius, inaugurated AYUR Herbarium project in North Goa, an initiative in association

with Union AYUSH Ministry.

Source: Ministry of MSME, Government of India


Ranbaxy Laboratories Ltd

Aventis Pharma Ltd

Blue Cross Laboratories Ltd

Cipla Ltd


KEY INDUSTRIES – PHARMACEUTICALS … (2/3)

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.

Blue Cross

Laboratories Ltd

Sun Pharmaceutical Industries Ltd, one of India's largest pharmaceutical companies, is an integrated, research-

based pharmaceutical company with a global presence The company has 50 manufacturing plants globally and

reported revenues of Rs 2,715.66 crore (US$ 419.47 million) during the third quarter of 2017-18. The company

announced the acquisition of Ranbaxy Laboratories Limited in April 2014, and completed the acquisition deal in

March 2015. The company manufactures a wide range of generic medicines in its 45 manufacturing sites across

the globe.

Sun Pharmaceutical

Industries Ltd

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.

Aventis Pharma 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$ 465.07 million during the third quarter

of 2017-18, 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.

Cipla Ltd


KEY INDUSTRIES – TOURISM

For the year 2017-18, the state government has made an allocation of US$ 31.08

million to the tourism sector.

Innovative marketing strategies to project Goa as an all-time leisure destination

have resulted in higher tourist inflows over the years.

As of 2016, the number of passengers who arrived in the state on the basis of e-

tourist visas was recorded to be 1,04,442. Moreover, the state recorded a total of

6,80,683 foreign tourists from over 141 countries across the globe.

Around 905,506 tourists visited Goa in 2017 (up to March).

The state government has been proactive in encouraging public-private

partnerships for promoting tourism by instituting a corpus fund.

“Tourism by Tourists`” – a campaign started by Goa tourism, in December 2016,

bagged the “Asia Pacific Sabre Award”

The number of tourists arriving in Goa by chartered flights from Russia witnessed

an increase in December 2016 in comparison with 2015, with the number of

tourists increasing from 20,560 in December 2015 to 29,432 in December 2016.

With the continuous in-flow of tourists, Russian & European tourists, in

collaboration with locals from Arambol to Patnem, have started offering yoga

training classes to people.

The Ministry of Tourism of India has sanctioned US$ 15.42 million for

Development of a Coastal Circuit II in Goa under ‘Swadesh Darshan Scheme’.

Source: Department of Tourism, Government of Goa, Economic Survey of Goa, 2014-15

Visakhapatnam port traffic (million tonnes) Tourist arrivals in Goa (in million)

2.21 2.02

2.13 2.2 2.22 2.33

2.62

3.54

4.76

5.65

0.39 0.35

0.38 0.44 0.45

0.45

0.49

0.51

0.54

0.68

0

1

2

3

4

5

6

7

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Domestic Foreign


KEY INDUSTRIES – FISHERIES

Goa has a coastline of about 104 kms and inland waterways of about

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

101.05 thousand tonnes of marine fish and 4,403 tonnes of inland

fish were harvested in 2016.

For 2016-17, the state government has also proposed to maximize

the petrol quota from 1,200 litres to 1,700 litres, for the canoes of the

fishermen. For this purpose, a financial assistance of US$ 0.77

thousand will be allocated by the state government.

Visakhapatnam port traffic (million tonnes) Annual fish catch (‘000 tonnes)

Source: Economic Survey of Goa, 2014-15 State Budget 2016-17

91.1 88.7 80.6 87.0 86.1

86.6 87.9 128.1 105.7

101.1

2.4 3.0 3.2 3.3

3.5 3.8 4.6

3.7 4.6 4.4

0.0

1.0

2.0

3.0

4.0

5.0

0.020.040.060.080.0

100.0120.0140.0

200

7

200

8

200

9

201

0

201

1

201

2

201

3

201

4

201

5

201

6

Marine (LHS) Inland (RHS)

Visakhapatnam port traffic (million tonnes) Fish production in Goa (‘000 tonnes)

Source: Department of Animal Husbandry, Dairying and Fisheries,

Ministry of Agriculture, Government of India

77.9

114.1 117.9 115.1 101.1

0

20

40

60

80

100

120

140

2012-13 2013-14 2014-15 2015-16 2016-17(P)

Note: 2016-17(P) - provisional


KEY INVESTMENT PROMOTION OFFICES

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.

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.


CONTACT LIST

Udyog Bhavan,

Panaji- 403 001 Goa

Phone: 91-832-2226377

Website: http://www.goaditc.gov.in/

Directorate of Industries, Trade and Commerce

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/

Goa Chamber of Commerce & Industry


KEY APPROVALS REQUIRED

Approvals and clearances required Departments to be consulted Estimated time in days

Incorporation of company Registrar of Companies N.A.

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

N.A.

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

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 N.A.

N.A. – Not Available


APPROVAL PROCESS … (1/2)

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 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

Below US$ 1.09

million


APPROVAL PROCESS … (2/2)

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.

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

Preliminary Project

Report submitted to

IPB


COST OF DOING BUSINESS IN GOA

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


STATE ACTS & POLICIES … (1/2)

The Government of Goa has introduced the new Goa Investment Policy 2014 in order to boost investor confidence and attract new industries to Goa.

Main objectives of the new policy include: making Goa an aspirational investment destination by making business a pleasure, for best in class

manufacturing, knowledge-based, tourism, entertainment and other service industries, while improving the environmental and social indicators of the

state.

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.


STATE ACTS & POLICIES … (2/2)

Objectives

IT Policy 2015 To make state of Goa most preferred destination for investors there by making IT/ITeS/ESDM a vibrant industry

leading to inclusive growth and employment generation.

Mining Lease Policy,

2014

The state Government can directly auction the leases in order to secure the best returns for the grant of leases by

way of a competitive bidding process.

Goa Investment Policy

2014

Creating 50,000 jobs and investing US$ 4.2 billion in new projects in the next five years.

Providing 24x7 high-quality power supply and logistics infrastructure to industries.

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.

Goa Special Economic

Zone Policy 2006 To augment infrastructure facilities to boost exports.

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

Read more

Read more

Read

more

Read more

Read more

https://www.goaonline.gov.in/Public/Files/Investment_Policy2015_FINAL_COPY_POLICY.pdf

http://www.goadmg.gov.in/Uploads/288.pdf

http://www.goaditc.gov.in/Goa_Investment_policy_18_June_2014_v56.pdf

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

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

http://documents.gov.in/GA/575.pdf

http://www.dcmsme.gov.in/Policies/National Policies/13. Goa.pdf


EXCHANGE RATES

Source: Reserve Bank of India

Exchange rates (Fiscal Year)

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

2014-15 60.28

2015-16 65.46

2016-17 67.09

Q1 2017-18 64.46

Q2 2017-18 64.29

Q3 2017-18 64.74


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