Goa State Report - May 2018

For updated information, please visit www.ibef.org May 2018
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……………...………... 19
Business Opportunities…………...…………37
Doing Business in Goa…………..………… 52
State Acts & Policies………….….………… 53

For updated information, please visit www.ibef.orgGOA3
EXECUTIVE SUMMARY
 Goa currently* has a total of 38 operational mining leases with a reported production of 6.08 million tonnes
in 2017-18 (up to December 2017).
 Exports of iron ore reached 17.64 million tonnes between September 2015 and November 2017.
 Total Iron Ore1 traffic handled at Mormugoa Port, Goa in 2017-18P was 10.26 million tonnes.
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 per cent over the previous year, which is the highest growth rate among 12
major ports of the country. The port handled 26.90 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 gross state domestic product (GSDP) was Rs
645.44 billion (US$ 9.62 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 2017, Goa witnessed arrivals of 6,895,234 domestic tourists and 890,459 foreign tourists.
Tourist paradise
Source: Economic Survey of Goa, Indian ports Association, Goa Tourism Department
Note: * during 2017-18 as per Goa Economic Survey 2017-18, 1 – Includes Pellets, P - Provisional

ADVANTAGE GOA
High Economic Growth
 The GSDP (in Rs) increased at a compound annual
growth rate (CAGR) of 8.78 per cent between 2011-12
and 2016-17.
 The state has one of the highest per capita GSDP in the
country and stands at about US$ 6,345.94 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
April
2018
Installed
thermal
power
capacity:
522.45 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)
Note: GSDP, per capita GSDP figures are taken at current prices, exchange rate used is average of 2016-17 i.e. 67.09; 1Goa is included in Maharashtra circle
Parameter Goa All states Source
Economy 2016-17 2016-17
GSDP as a percentage of all states’ GSDP 0.42 100.0 MOSPI, Directorate of Economics and Statistics, Goa
GSDP growth rate (in Rs) (%) 18.92 10.8 MOSPI, Directorate of Economics and Statistics, Goa
Per capita GSDP (US$) 6,345.94 1,750.29 MOSPI, Directorate of Economics and Statistics, Goa
Physical Infrastructure 2017-18 2017-18
Installed power capacity (MW) 549.41 343,788.39 Central Electricity Authority, as of April 2018
Wireless subscribers (No)1 93,205,541 1,156,867,852
Telecom Regulatory Authority of India, as of
February 2018
Internet subscribers1 (million) 37.12 445.96
Telecom Regulatory Authority of India, as of
December 2017
National Highway length (km) 293 122,432
NHAI & Roads and Building Department, as of
February 2018
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
Rs 645.44 billion (US$ 9.62 billion) in 2016-17..
 The GSDP (in Rs) increased at a compound annual growth rate
(CAGR) of 8.78 per cent between 2011-12 and 2016-17.
 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
Source: Directorate of Economics and Statistics Goa
CAGR 8.78%
8.84
7.00
5.94
7.82
8.29
9.62
423.67
381.20
359.21
478.14
542.75
645.44
0
100
200
300
400
500
600
700
0.00
2.00
4.00
6.00
8.00
10.00
12.00
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
US$ billion Rs billion
Note: exchange rates used are averages of each year, provided on page 55

ECONOMIC SNAPSHOT – NSDP
 At current prices, Goa’s net state domestic product (NSDP) was Rs
587.71 billion (US$ 8.76 billion) in 2016-17.
 The NSDP (in Rs) increased at a compound annual growth rate
(CAGR) of 9.11 per cent between 2011-12 and 2016-17.
Visakhapatnam port traffic (million tonnes)NSDP of Goa at current prices
CAGR 9.11%
7.93
6.35
5.30
7.07
7.52
8.76
380.09
345.67
320.43
432.33
492.22
587.71
0
100
200
300
400
500
600
700
0.00
1.00
2.00
3.00
4.00
5.00
6.00
7.00
8.00
9.00
10.00
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
US$ billion Rs billion

ECONOMIC SNAPSHOT – PER CAPITA GSDP
 The state’s per capita GSDP was Rs 425,749 (US$ 6,345.94) one of
the highest in India, during 2016-17.
 Goa’s per capita GSDP (in Rs) increased at a CAGR of 8.04 per cent
between 2011-12 and 2016-17.
Visakhapatnam port traffic (million tonnes)GSDP per capita of Goa at current prices
CAGR 8.04%
6,031.12
4,746.39
3,998.23
5,230.20
5,509.23
6,345.94
2,89,192
2,58,441
2,41,893
3,19,827
3,60,634
4,25,749
0
50000
100000
150000
200000
250000
300000
350000
400000
450000
-
1,000.00
2,000.00
3,000.00
4,000.00
5,000.00
6,000.00
7,000.00
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
US$ Rs

ECONOMIC SNAPSHOT – PER CAPITA NSDP
 The state’s per capita NSDP was Rs 387,668 (US$ 5,778.33) in
2016-17.
 Goa’s per capita NSDP (in Rs) increased at a CAGR of 8.36 per cent
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
CAGR 8.36%
5,410.72
4,304.02
3,566.55
4,729.11
4,996.32
5,778.33
2,59,444
2,34,354
2,15,776
2,89,185
3,27,059
3,87,668
0
50000
100000
150000
200000
250000
300000
350000
400000
450000
-
1,000.00
2,000.00
3,000.00
4,000.00
5,000.00
6,000.00
7,000.00
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
US$ Rs

ECONOMIC SNAPSHOT – PERCENTAGE
DISTRIBUTION OF GSVA
 In 2016-17, the tertiary sectorµ accounted for 35.55 per cent of GSVA
at current prices, secondary sector for 55.18 per cent and the
primary sector contributing a share of 9.26 per cent.
 At 11.67 per cent, the secondary sector had the highest growth
among all three sectors between 2011-12 and 2016-17, followed by
the tertiary sector (11.07 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.
Visakhapatnam port traffic (million tonnes)GSVA composition by sector
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 per cent of the state’s 1.5 million
population.
 Exports of major agricultural products from the state reached US$
9.79 million in 2017-18 (up to February 2018).
Source: Economic Survey of Goa, Ministry of Agriculture, DGCIS
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)Export of Marine Products (US$ million) Visakhapatnam port traffic (million tonnes)Iron ore exports from Mormugao Port Trust (‘000 tonnes)
50.87
58.23
63.24
78.62
79.47
91.61
95.70
0.00
20.00
40.00
60.00
80.00
100.00
120.00
2011
2012
2013
2014
2015
2016
2017
Source: Ministry of Mines, Mormugao Port Trust Goa, Goa Economic Survey 2017-18
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: Data is as per latest available information, exchange rate used is average of 2017 i.e. 65.12
604
3,570
15,053
10,259
0
5,000
10,000
15,000
20,000
2014-15
2015-16
2016-17
2017-18

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 15.05
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
Note: Data is as per latest available information, (1) – Includes Pellets .
 Iron Ore(1) handled at Mormugoa port for 2017-18 was 10,529 MT.

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
FDI equity cumulative inflows, 2008-09 to 2017-18 (US$ million)
29
198
500
538
547
564
599
617
700
741
0
100
200
300
400
500
600
700
800
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
1
Note: 1Up to December 2017
Date: Data is as per latest available information

ANNUAL BUDGET 2017-18 … (2/2)
Annual budget (estimates in US$ million)
Departments Budget allocations (2017-18)
Education 293.55
Public works 318.08
Water resources 62.26
Mining 3.53
Agriculture 28.31
Social welfare 51.94
Health Services 80.88
Tourism 34.06
Panchayats 29.61
Sports & youth affairs 43.92
Transport 27.81
Department of Rural Development 7.86
Municipal Administration 65.69
Source: State Budget 2018-19, Government of Goa
 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.
 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. 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.
 A supplementary statement for 2018-19 budget would be
presented before the end of 2018-19, as per Mr Manohar Parrikar,
Chief Minister 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 February
2018, Goa had 293 km of national highways.
 The state had a road density of 68.7 km per 1,000 sq. km of area, as
of December 2016.
 As per state’s Economic Survey, following road works were under
taken in the state during 2017-18:
• Major district road works were completed with a cost of Rs 12.78
crore (US$ 1.98 million).
• Rural road works were completed with a cost of Rs 68.21 crore
(US$ 10.58 million).
• Central road works were completed with a cost of Rs 39.17 crore
(US$ 6.10 million).
Road type Road length (km)
National highways (As of February 2018) 293
State highways 232
District highways 815
Source: Directorate of Transport PWD: Public Works Department, State Budget 2017-18
Note: Data is as per latest available information, exchange rate used is average of 2017-18 i.e. 64.45

 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.
 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 (million tonnes)
2013-14 2014-15 2015-16 2016-17 2017-18
4,767 4,498 4,880 4,103 4,372
24,326
24,018
27,430
26,804
28,904
33,422
39,030
47,801
50,567
0
10,000
20,000
30,000
40,000
50,000
60,000
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
2.63
3.08
3.52
3.54
3.89
4.51
5.37
6.86
7.61
0
1
2
3
4
5
6
7
8
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
 Passenger footfalls at the Goa airport during 2017-18 reached 7,607,249
with aircraft movement reaching 50,567 flights.
 Freight handled at Goa airport during 2017-18 was 4,372 MT.

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, cargo traffic handled at the port was recorded to be
26.90 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.
 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
2017-18P
Commodity Quantity (metric tonnes)
POL (Petroleum, Oil & Lubricants) 629,000
Other Liquids 572,000
Iron ore 10,259,000
Thermal & Steam 1,999,000
Coking & others 8,514,000
Container tonnage 425,000
Container TEUs 32,000
Other Misc. Cargo 4,317,000
Source: Ministry of Shipping, Government of India, Indian Ports Association, Mormugao Port Trust
Ports
Note: P – Provisional

PHYSICAL INFRASTRUCTURE – POWER
 As of April 2018, Goa had a total installed power generation capacity
of 549.41 MW.
 Of the total installed capacity, 500.45 MW was managed by central
utilities, 48.91 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 522.45 MW, whereas nuclear energy and
renewable energy contributed 26 MW and 0.96 MW respectively.
 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. 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.
Visakhapatnam port traffic (million tonnes)Installed power capacity (MW)
Source: Central Electricity Authority, State Budget 2016-17 Economic Survey of Goa, 2014-15
357.20
380.90
386.90
400.20
430.02
400.02
400.02
412.45
540.56
549.41
549.41
0.00
100.00
200.00
300.00
400.00
500.00
600.00
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
2018-19*
Note: * - 2018-19 (Up tp April)

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.
 Moreover, the tele-density in the state stood at 107.26 per cent1, as
of February 2018.
 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, Telecom Regulatory Authority of India
Wireless subscribers(1) 93,205,541
Wireline subscribers(1) 17,45,562
Internet subscribers (million)(1)(2) 37.12
Tele-density(1) 107.26
Telecom infrastructure – February 2018
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 December 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
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 per cent & the female
literacy rate is 84.66 per cent.
 During 2017-18, the total enrolments in schools were recorded to be
239,834.
 As per State Budget 2018-19, Goa Government has allocated Rs.
18.91 billion (US$ 293.55 million) to the Education sector.
 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.
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
Source: Educational Statistics at a Glance 2017-18, Government of Goa

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. The institute has 60 seats for bachelor's degree, 60 seats
for diploma & 36 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 2017-18, Government of Goa, 12014-15
Primary schools 1,157
Middle schools 64
Secondary schools 408
Higher secondary schools 200
Primary level and Middle level
teacher – pupil ratio
1:24
Secondary level and Higher
secondary level teacher – pupil
ratio
1:21
Vocational and professional
institutes
30
1
Teachers training institutes 5
1
Universities & colleges for general
education
25
1
Universities & colleges for
professional education
27
1
Industrial Training Institutes (ITIs) 14
1
Educational Statistics, 2016-17

SOCIAL INFRASTRUCTURE – HEALTH
 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 May 2018, the number of primary health centres & sub centres
in Goa were recorded to be 48 and 218, respectively.
 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, 2017-18
2018-19
Primary health centres 48
Sub centers 218
Community health centres 10
Active district hospitals 3
Active sub-district hospitals 2
Health infrastructure (as of May 2018)
Birth rate
1
12.9
Death rate
1
6.7
Infant mortality rate
2
8
Health indicators (September 2017)
 As per Budget 2018-19, State Government has allocated Rs.
521.27 crore (US$ 80.88 million) to the Health Services
sector.

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 per cent 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 per cent; and, currently, 40 units are functioning under the
cluster.
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 … (1/3)
 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 per cent;
most Goans are conversant with the English language, which is the lingua franca for
the IT industry.
 As per Goa Economic Survey 2017-18, Government of India has approved setting up
of electronic city at Tuem village and a IT hub at Chimbel Village.
 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. 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.
 PCS is an Indian technology company headquartered in Mumbai. The company focuses on facilities management
services, software services as well as computer hardware.
 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

 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.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 – 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 per cent of
the royalty paid to this fund.
 Under State Budget 2018-19, Rs. 22.77 crore (US$ 3.53 million) was
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
 Sesa Goa
 The Dempo Group
 V.M. Salgaocar and Company Ltd
 V.S. Chowgule and Company Ltd
Source: As per latest available data

KEY INDUSTRIES – PHARMACEUTICALS … (1/3)
 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 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 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. It 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 2018-19, the state government had made an allocation
of Rs. 219.53 crore (US$ 34.06 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.
 During 2017, Goa witnessed arrivals of 6,895,234 domestic tourists
and 890459 foreign tourists.
 During 2017-18 (up to October 2017), the hotel rooms available in the
state increased by 7.93 per cent year-on-year.
 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”
 E – visa facility issued at Dabolim airport, Goa from January 2017 –
December 2017 was 1,33,798.
 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
6.90
0.39
0.35 0.38 0.44 0.45 0.45
0.49
0.51
0.54
0.68
0.89
0
1
2
3
4
5
6
7
8
9
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
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;
144.28 thousand tonnes of marine fish and 5.33 thousand tonnes of
inland fish were harvested in 2017.
 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.
 During January to December 2017, the number of passengers who
arrived in the state on the basis of e-tourist visas was recorded to be
133,798 .
 As per budget 2018-19, Fisheries has been allotted an annual fund
of Rs. 69 00 crore (US$ 10.71 million).
Visakhapatnam port traffic (million tonnes)Annual fish catch (‘000 tonnes)
Source: Economic Survey of Goa, 2017-18 State Budget 2016-17
91.1 88.7 80.6 87.0
86.1
86.6
87.9
128.1
105.7
101.1
144.3
2.4
3.0 3.2 3.3
3.5 3.8 4.6
3.7 4.6
4.4
5.3
0.0
1.0
2.0
3.0
4.0
5.0
6.0
0.0
50.0
100.0
150.0
200.0
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
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
114.1 117.9 111.9 117.9
0
20
40
60
80
100
120
140
2012-13 2013-14 2014-15 2015-16 2016-17(P)
Note: 2016-17(P) – provisional, Conversion rate = 64.45
Source: Ministry of Agriculture, Government of India, State Budget 2018-19

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: goachamber@goachamber.org
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 ofInvestment 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 days30 days30 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 has notified the Goa Start-up Policy 2017 with the following objectives:
• Make Goa a hub of high value start-ups.
• Attract entrepreneurial talent to the state and build a robust start-up eco-system in Goa
• Provide assistance to local entrepreneurs and start-ups
• Create at least 100 successful start-ups in the next five years
 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 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
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more
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EXCHANGE RATES
Exchange Rates (Fiscal Year) Exchange Rates (Calendar Year)
Year INR INR Equivalent of one US$
2004–05 44.95
2005–06 44.28
2006–07 45.29
2007–08 40.24
2008–09 45.91
2009–10 47.42
2010–11 45.58
2011–12 47.95
2012–13 54.45
2013–14 60.50
2014-15 61.15
2015-16 65.46
2016-17 67.09
2017-18 64.45
Year INR Equivalent of one US$
2005 44.11
2006 45.33
2007 41.29
2008 43.42
2009 48.35
2010 45.74
2011 46.67
2012 53.49
2013 58.63
2014 61.03
2015 64.15
2016 67.21
2017 65.12
Source: Reserve bank of India, Average for the year

DISCLAIMER
India Brand Equity Foundation (IBEF) engaged Aranca to prepare this presentation and the same has been prepared by Aranca in consultation with
IBEF.
All rights reserved. All copyright in this presentation and related works is solely and exclusively owned by IBEF. The same may not be reproduced,
wholly or in part in any material form (including photocopying or storing it in any medium by electronic means and whether or not transiently or
incidentally to some other use of this presentation), modified or in any manner communicated to any third party except with the written approval of
IBEF.
This presentation is for information purposes only. While due care has been taken during the compilation of this presentation to ensure that the
information is accurate to the best of Aranca and IBEF’s knowledge and belief, the content is not to be construed in any manner whatsoever as a
substitute for professional advice.
Aranca and IBEF neither recommend nor endorse any specific products or services that may have been mentioned in this presentation and nor do
they assume any liability or responsibility for the outcome of decisions taken as a result of any reliance placed on this presentation.
Neither Aranca nor IBEF shall be liable for any direct or indirect damages that may arise due to any act or omission on the part of the user due to any
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Goa State Report - May 2018

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Goa State Report - May 2018