Goa State Report - February 2017

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GOA PEARL OF THE ORIENT

22FEBRUARY 2017
❖ 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
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FEBRUARY 2017

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EXECUTIVE SUMMARY
India’s major iron ore
producer
• The iron ore production in the state has increased from 22.3 million tonnes in 2004-05 to
150 million tonnes in 2014-15. Export of iron ore witnessed tremendous growth in 2014-15
after the exclusion of the ban on the export of iron ore which was effective from 5th
October, 2012 till November 2013. Exports increased at an annual growth rate of 1.4% in
2014-15 over 2013-14.
Mormugao Port,
reflected remarkable
growth
• During 2015-16, the total traffic handled by Mormugao port was recorded to be 20.78
million tonnes, thereby registering a growth of 41% over the previous year, which is the
highest growth rate among 12 major ports of the country.
• Moreover, the average output per ship berth day was recorded to be 13,753 million tonnes
during the same period.
Strong economic growth
• Goa is one of the fastest growing states in the country. Goa’s net state domestic product
(NSDP) was about US$ 7.24 billion in 2014-15.
Tourist paradise • During 2015, the footfall of foreign tourists in the state reached 541,480.
Source: Economic Survey of Goa, 2014-15, Mormugao Port Trust Goa, Ministry of Mines,
Ministry of Tourism, TechSci Research

Growing demandHigh economic growth
• GSDP growth rate was at about
11.39% between 2004-05 and
2015-16.
• The state has one of the highest per
capita GSDP in the country and
stands at about US$ 6,371.6 in
2015-16.
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
August 2016
Installed thermal
power capacity:
412.45 MW
Advantage
Goa
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.
Source: Goa Chamber of Commerce and Industry
• To conserve Goa’s biodiversity,
embrace responsible mining,
develop tourism sites.

GOA FACT FILE
Goa is located in the western region of India. The state
shares its border with the Arabian Sea to the west,
Maharashtra to the north and Karnataka to the south and
the east.
Languages spoken are Konkani, Marathi, Portuguese, Hindi
and English.
Goa’s administrative headquarters are located at Panaji (the
state capital) and Margao. The state has two districts: North
Goa and South Goa.
Goa has a tropical climate, with a monsoons lasting from
June to September. Due to its long coastline, the weather is
hot and humid for the rest of the year.
Parameters Goa
Capital Panaji
Geographical area (sq km) 3,702
Administrative districts (No) 2
Population density (persons per sq
km)
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
Source: Census 2011

GOA IN FIGURES … (1/2)
Parameter Goa All states Source
Economy 2015-16 2015-16
GSDP as a percentage of all states’ GSDP 0.4 100.0
TechSci Estimates based on “Advanced
Estimates” provided by Directorate of Economics
and Statistics Goa
GSDP growth rate (%) 1.48 8.64
and Statistics Goa
Per capita GSDP (US$) 6,371.6 1,546
and Statistics Goa
Physical Infrastructure
Installed power capacity (MW) 412.45 304,505.75 Central Electricity Authority, as of June 2016
Wireless subscribers (No) 84,268,281 1,033,157,014
Telecom Regulatory Authority of India, as of May
2016
Internet subscribers (No) 29,000,000
1
334,340,000
Telecom Regulatory Authority of India, as of
January 2016
National Highway length (km) 262 100,087.08 NHAI & Road & Building Department
Major and minor ports (No) 1+5 13+187 India Ports Association
Airports (No) 1 125 Airports Authority of India
Source: 1Include Maharashtra

GOA IN FIGURES … (2/2)
Parameter Goa All states Source
Social Indicators
Literacy rate (%) 88.7 73.0 Census 2011
Birth rate (per 1,000 population) 14.6 21.6 SRS Bulletin
Investment
FDI equity inflows (US$ billion) 0.841 288.51
Department of Industrial Policy & Promotion,
From April 2000 to March 2016
Industrial Infrastructure
Completed and Operational PPP projects
(No)
5 1,246
DEA, Ministry of Finance, Government of India,
July 2016
Operational SEZs (No) 101 186
Ministry of Commerce & Industry, Department of
Commerce, July 2016
PPP: Public Private Partnership, SEZ: Special Economic Zone
1Only notified and formally approved SEZ

At current prices, Goa’s gross state domestic product
(GSDP)* was about US$ 9.30 billion in 2015-16.
The GSDP increased at a compound annual growth rate
(CAGR) of 12.59% between 2005-06 and 2015-16.
Goa’s economic growth is driven by the strong performance
of industrial sectors such as mining, tourism and
pharmaceuticals.
GSDP of Goa at current prices (in US$ billion)
ECONOMIC SNAPSHOT – GSDP
Source: TechSci Estimates based on “Advanced Estimates” provided by Directorate
of Economics and Statistics Goa, Government of Goa
GSDP* - Goa Budget 2016-17
CAGR
12.59%
2.84 3.25 3.66
4.86
5.51
6.14
7.37
8.12
6.82
8.23
9.30
2005-06
2006-07
2007-08
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16

ECONOMIC SNAPSHOT – NSDP
Goa’s net state domestic product (NSDP)# was about US$
7.24 billion in 2015-16.
The NSDP grew at a CAGR of 11.44% between 2005-06
and 2015-16.
NSDP of Goa at current prices (in US$ billion)
NSDP# - calculated using per capita NSDP x Population in million
CAGR
11.44%
2.45 2.83 3.19
4.23
4.80
5.32
6.44
8.12
6.82 7.06 7.24
2005-06
2006-07
2007-08
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16

ECONOMIC SNAPSHOT – PER CAPITA GSDP
The state’s per capita GSDP^ was US$ 6,372 one of the
highest in India, during 2015-16.
Goa’s per capita GSDP increased at a CAGR of 12.37%
between 2005-06 and 2015-16.
GSDP per capita of Goa at current prices
(in US$)
Per Capita GSDP^ - calculated using GSDP million US$/Population in million
CAGR
12.37%
1985 2202 2413
3099
3381
4212
5129
4228
5432 5512
6372
2005-06
2006-07
2007-08
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16

ECONOMIC SNAPSHOT – PER CAPITA NSDP
The state’s per capita NSDP& was US$ 4,849, one of the
highest in India, in 2015-16.
Goa’s per capita NSDP increased at a CAGR of 9.52%
between 2005-06 and 2015-16.
Certain factors, such as substantial foreign exchange
earnings from mining and tourism industries, contributed to
the high per capita NSDP in the state.
NSDP per capita of Goa at current prices
(in US$)
per capita NSDP& - Geometric mean of YoY calculation from 2004-05 to 2014-15
CAGR
9.52%
1919 2102
2699
2947 3146
3683
4513
3692
4728 4849
2005-06
2006-07
2007-08
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15

1313FEBRUARY 2017
In 2015-16, the tertiary sectorµ accounted for 46.64% (US$
4.54 billion) of GSDP, followed by secondary sector with a
share of 39.15% (US$ 3.81 billion) and the primary sector
contributing a share of 14.21% (US$ 1.38 billion).
At 16.43%, the tertiary sector had the highest growth among
all three sectors between 2004-05 and 2015-16. It was
followed by the primary sector (16.34%), and the secondary
sector (15.61%).
Growth in the tertiary sector has largely been driven by the
tourism industry, which facilitated growth of other related
industries such as banking and financial services, real
estate, and business services.
GSDP composition by sector
ECONOMIC SNAPSHOT – PERCENTAGE DISTRIBUTION OF GSDP
Sector-wise %share of GSDPµ -Geometric mean of YoY calculation from 2004-05 to
2014-15
12.27% 14.21%
42.54% 39.15%
45.19% 46.64%
2004-05 2015-16
Primary Sector Secondary Sector Tertiary Sector
CAGR
16.34%
16.43%
15.61%

1414FEBRUARY 2017
Crop
Annual production
2015-16 (in thousand tonnes)
Fruits 81.28
Vegetables 82.59
Flowers (loose) 0.12
Spices 0.25
Plantation crops 109.45
Cashew processing has been a traditional industry in the
state. Cashew apple is also used in the production of feni, a
local liquor, which has become internationally popular.
Cashew nut production in the state witnessed an increase
of 15% during 2015-16, with the volume produced reaching
30,291 tonnes, by 2015-16.
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.
ECONOMIC SNAPSHOT – AGRICULTURAL PRODUCTION
Source: Economic Survey of Goa, 2014-15,
Indian Horticulture Database 2014-15, National Horticulture Board,
State Budget 2016-17

ECONOMIC SNAPSHOT – EXPORTS
Fisheries exports from Goa Iron ore exports from Mormugao Port Trust
(‘000 tonnes)
Source: Ministry of Mines, Mormugao Port Trust Goa
23.2 42.9 41.3 63.3 70.7 69.8 32.8 70.2
18.3 21.5
27.0
37.2 37.8 42.7 68.3 42.9
0.0
20.0
40.0
60.0
0.0
20.0
40.0
60.0
80.0
2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15
Value (US$ million, LHS) Quantity ('000 tonnes)
Commodity wise container traffic handled at Mormugao port (tonnage in metric tonnes)
Item
2013-14 2014-15 2015-16
TEUS Tonnage TEUS Tonnage TEUS Tonnage
Frozen fish 2,328 32,804 3,064 42,940 2,308 32,271
Zinc oxide 96 1,697 138 2,476 19 320
Pig iron 381 10,328 1,228 33,580 641 17,570
Battery plates 17 354 6 126 3 63
Coke 36 608 77 1,769 13 180
Iron casting 418 6,455 510 7,511 472 7,226
Pharmaceutical products 325 2,537 750 6,151 636 5,076
Total export 6,445 101,453 8,682 144,423 8,682 108,286
604
3,570
2014-15 2015-16

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)
Iron ore & iron ore pellets 0.04 0.60 3.57
Other ores 0.16 0.27 0.21
Total ores 0.20 0.87 3.78
Alumina NA 0.02 0.02
Steel slabs 0.06 0.06 NA
Hot rolled coils 1.21 1.63 0.84
Container cargo 0.12 0.17 0.14
Granite 0.36 0.30 0.31
Other cargo 0.28 0.27 0.31
Wheat 0.04 NA NA
Sugar 0.06 0.01 0.01
Total exports 2.33 3.33 5.41
Source: Mormugao Port Trust, Goa; NA – Not available

1717FEBRUARY 2017
According to the Department of Industrial Policy &
Promotion (DIPP), FDI inflows into the state of Goa, during
April 2000 to March 2016, totaled to US$ 841 million.
Under the State Budget 2016-17, government has made a
provision of US$ 1.53 million for the Tillari project.
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 estimated project cost is US$
467.2 million. The project will be developed by GMR
Airports Limited.
ECONOMIC SNAPSHOT – FDI INFLOWS & INVESTMENTS
Source: Department of Industrial Policy & Promotion
FDI equity inflows, 2008-09 to 2015-16 (US$ million)
29
169
302
38
9 17 35 18
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
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

ANNUAL BUDGET 2016-17… (1/2)
A budget of US$ 2.24 billion has been allocated for the year 2016-17, which is around 9.06% higher than the previous
year.
The Budget has proposed the following developments in Infrastructure:
Under road safety as well as Bharat Mala project, sanctions of US$ 39.71 million and US$ 381.91 million are
expected from the central government during 2016-17.
Provision of US$ 2.29 million has been made by the state government for constructing terminal building at Panaji’s
Captain of Ports jetty. Further, the state government has also made a provision of US$ 763,820 and US$ 381,910
for the maintenance and construction of various jetties as well as light houses in the state.
The scheme of sewerage treatment is also expected to be undertaken for execution during 2016-17 at Porvorim,
Ponda, Patto and Colva Phase II.
As per Budget 2016-17, following plans were announced:
An amount of US$ 18.33 million has been allocated under 14th Finance Commission for the next five years for the
development of rural areas of the state.
At a cost of US$ 1.83 million, construction of a 10 MLD water treatment plant has been planned.
The state government has proposed to install 100 solar powered dual water pumps at an amount of US$ 3.05
million with 50% assistance by the Government of India, in the remote areas of Goa.
Source: Finance Department, Government of Goa

ANNUAL BUDGET 2015-16 … (2/2)
Source: State Budget 2015-16, Government of Goa
Annual budget (estimates in US$ million)
Departments
Budget allocations
(2015-16)
Education, craftsmen training and skill
development
185.18
Public works, roads and bridges 53.92
Water supply 13.77
Sanitation 15.26
Power 108.00
Water resources 58.09
Mining 19.91
Agriculture, animal husbandry and
fisheries
64.98
Social welfare, women and child
development and tribal welfare
151.06
Annual budget (estimates in US$ million)
Departments
Budget allocations
(2015-16)
Health, medical, allied sciences &
nursing
116.36
Tourism 43.15
Panchayats and rural development 28.44
Urban development and municipalities 1.49
Sports & youth affairs 1.66
Housing 3.32
Transport 18.25
Information technology 9.12
Total budget 2,211.59

NH-17 runs along India's West Coast and links Goa to
Mumbai in the north and Mangalore to the south. NH-4A
running across the state connects Panaji to Belgaum
(Karnataka) in the east. As of May 2015, the construction of
four state highways, ten major district roads and 76 rural
roads are under progress.
The state had a road density of 285.49 km per 100 sq. km of
area, as of 2014-15.
As per budget 2016-17, under the National Highway
Development Programme (NHDP- Phase III), projects for
four-laning of NH-17 as well as NH-4 received the in-principle
approval during 2015-16.
As of May 2015, work on Zuari Bridge and Mumbai-Goa state
highway is expected to start by the end of 2015 as
announced by State Transport Department, Goa.
During 2016-17, for construction of a high-level road bridge
between Cottombi and Savoi-Verem, across the Mandovi
river, the state government has proposed an allocation of
US$ 3.20 million. Similarly, for undertaking a 2-lane bridge in
order to connect Caranzalem and Kharwada in Madkai, an
amount of US$ 2.49 million has been proposed during 2016-
17.
Road type Road length (km)
National highways 262
State highways 232
District highways 815
PHYSICAL INFRASTRUCTURE – ROADS
Source: Directorate of Transport
PWD: Public Works Department
Road Development Projects Undertaken in
2015-16
Project Name
Project Cost
(US$ Million)
Khandepar Bridge 49.27
4 Laning & Dhavali Bye Pass 10.18
Missing Link of NH 4A 30.53
Margao Western Bye Pass 49.44
Talpona Galgibag Bridge 46.48
Ribandar Bye Pass 20.17

PHYSICAL INFRASTRUCTURE – RAILWAYS
The total railway route in Goa is around 167 km long, comprising two
rail tracks: the Konkan Railways line and the South-Western Railways
line. These routes connect the state to other parts of the country.
The Konkan Railways line runs from the north to the south and the
South-Western Railways line runs from the west to the east. The rail
tracks cross at the most important junction of the state, the Madgaon
railway station; Vasco-da-Gama is the other important railway station.
Konkan Railways, which connects Mumbai, Goa and Mangalore, has
considerably boosted tourism. The Mormugao port is connected through
a broad gauge line.
The Government has pulled off a new double-decker luxury train service
on Konkan Railways route that commutes tourists from Mumbai to Goa.
In 2015, the Konkan Railway Corporation (KRC) commenced
construction of three new railway stations, at Sarzora in South Goa and
Neura and Mayem in North Goa, in addition to its existing nine stations.
In order to improve the connectivity between Goa and Mumbai, the
Government of India introduced a Double Decker Express train on
December 6, 2015.
Source: Maps of India

PHYSICAL INFRASTRUCTURE – AIRPORTS … (1/2)
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 2015-16 reached
5,375,555 with aircraft movement reaching 39,030 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.
GMR secured a deal worth US$ 687.33 million with the
Government of Goa to develop a greenfield airport at Mopa. Source: Airports Authority of India,
Department of Tourism, Government of Goa
Economic Survey of Goa, 2014-15, Goa Investment Policy 2014

PHYSICAL INFRASTRUCTURE – AIRPORTS … (2/2)
Source: Airports Authority of India
Goa passenger traffic (million) Goa aircraft movement (Nos.)
Freight handled by Goa airport (tonnes)
2013-14 2014-15 2015-16
4,767 4,498 4,880
2.63
3.08
3.52 3.54
3.89
4.51
5.37
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
24,326 24,018
27,430 26,804
28,904
33,422
39,030
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16

2424FEBRUARY 2017
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 MT. A total of 5.03
MT of capacity was added during period 2015-16.
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 2015-16, the total traffic handled by Mormugao port
was recorded to be 20.78 million tonnes, thereby registering
a growth of 41% over the previous year, which is the highest
growth rate among 12 major ports of the country.
In addition, the general cargo traffic handled at the port was
recorded to be 15.75 million tonnes. Moreover, containerised
cargo of 345.42 thousand tonnes of gross tonnage was also
handled by Mormugao port.
State-of-the-art patrol vessel ICGS Shaunak, the largest &
most advanced new generation OPV was added to Coast
Guard fleet in February 2017.
PHYSICAL INFRASTRUCTURE – PORTS
Ports
Major ports • Mormugao
Minor ports
• Panaji
• Chapora
• Betul
• Talpona
• Tiracol
Source: Ministry of Shipping, Government of India,
Indian Ports Association, Mormugao Port Trust
(1) As of October 2015
Traffic handled at major ports in Goa during
2015-16 (metric tonnes)
Commodity Mormugao Port
POL (Petroleum, Oil & Lubricants) 2,166
Iron ore 3,569,863
Bauxite 209,745
Granite 313,140
Container cargo 108,286
Pig iron 306,624
Total 4,509,824

2525FEBRUARY 2017
As of August 2016, Goa had a total installed power
generation capacity of 412.45 MW.
Of the total installed capacity, 338.60 MW was managed by
central utilities and 48 MW by private utilities. Thermal
power plants accounted for a significant share in the total
installed capacity with 386.60 MW, whereas nuclear energy
and renewable energy contributed 25.80 MW and 0.05 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.
Installed power capacity (MW)
PHYSICAL INFRASTRUCTURE – POWER
Source: Central Electricity Authority, State Budget 2016-17
Economic Survey of Goa, 2014-15
During 2015-16, the state government commissioned a
separate sub-station at Cuncolim for enhancing the
distribution of power in the South Goa.
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.
357.2 380.9 386.9 400.2 430.02 400.02 400.02 412.45
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16

2626FEBRUARY 2017
Telecom infrastructure – May 2016
Wireless subscribers(1) 84,268,281
Wireline subscribers(1) 1,928,841
Internet subscribers(1) 29,000,000(2)
Tele-density(1) 98.71
Post offices 2583
Goa is among the few states in the country to have 100%
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,
By the end of May 2016, 15,343,488 subscribers had
submitted requests for mobile number portability in the
state. Moreover, the tele-density in the state stood at
98.71%, as of May 2016.
In December 2016, the Government of Goa announced the
launch of Goa Yuva Sanchaar Yojna, under which the state
would be providing 100 minutes of free talktime and 3 GB of
internet data every month, free with a new sim card.
PHYSICAL INFRASTRUCTURE – TELECOM
Some of the major telecom service providers
Bharat Sanchar Nigam Limited (BSNL)
Tata Indicom
Bharti Airtel
Aircel Limited
Reliance Communications
Source: Economic Survey of Goa, 2014-15, Telecom Regulatory Authority of India
1Including Maharashtra, 2As of January 2016, 3As of December 2015

2727FEBRUARY 2017
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 2016-17, the state government has
committed to establish a new solid waste management plant
at Cacora- Curchorem, after the complete construction of the
solid waste management facility in Calangute in May 2016.
DEVELOPMENT PROJECTS: URBAN INFRASTRUCTURE
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 12
th
Five-Year Plan (2012-17).
Source: JNNURM, Ministry of Urban Development, Public Works Department of Goa
SJSRY – Swarna Jayanti Shahari Rozgar Yojana
NULM – National Urban Livelihoods Mission
In 2015, under National Urban Information System (NUIS)
scheme, Cuncolim, Curchorem Cacora, Mapusa, Margao,
Mormugao of Goa have received US$ 1.9 million and US$
1.3 million is yet to be received. 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.
Funds allocated to Goa under SJSRY and NULM
(US$ million)
0.23
0.37
0.14
0.51
2012-13 2013-14 2014-15 2015-16

DEVELOPMENT PROJECTS: PUBLIC PRIVATE PARTNERSHIP (PPP) PROJECTS
Source: Department of Economic Affairs, Government of India
PPP Projects - Goa
Project Name Sector Status
Total cost
(US$ million)
Solid Waste Management (Pernem) Project Water Sanitation
Under
construction
2.29
Construction of Berth 5 A & 6 A at Mormugao Transport
Operation and
maintenance
stage
38.49
Cruise Terminal at Aguada Transport
Under
construction
12.22
Development of Berth No. 7 Transport
Operation and
maintenance
stage
33.60
Bulk cargo berths No. 5A & 6A Transport
Operation and
maintenance
stage
37.42
As of July 2016, Goa had 5 PPP projects, of which two projects are under construction and three projects are in operation and
maintenance stage.

DEVELOPMENT PROJECTS: SEZ AND INDUSTRIAL ESTATES … (1/3)
As of July 2016, 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.
Source: Ministry of Commerce & Industry, Department of Commerce
Goa Industrial Development Corporation,
Economic Survey of Goa 2014-15
29%
29%
14%
14%
14%
IT/ITES
Biotech
IT
Pharmaceuticals
Gems and Jewellery
Sector-wise formally approved SEZs in Goa, July 2016
Sector-wise formally approved SEZs in Goa, July 2016
Sector Developer
Number of
SEZs
IT/ITeS K. Raheja Corp Pvt. Ltd. 1
Biotechnology
Peninsula Pharma Research
Centre Pvt. Ltd
1
Pharmaceuticals
Meditab Specialities Private
Limited
1

DEVELOPMENT PROJECTS: SEZS AND INDUSTRIAL ESTATES … (2/3)
Source: Ministry of Commerce & Industry, Department of Commerce
Formal approvals granted in the Board of Approvals after coming into force of SEZ Rules
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
Growth in number of MSMEs since 2000
Year No. of units
2000 5,949
2005 6,954
2010 7,350
2014 7,793

DEVELOPMENT PROJECTS: SEZS AND INDUSTRIAL ESTATES … (3/3)
Taluka Industrial estate
Ponda Bethora, Madkai, Kundai, Shiroda
Pernem Tuem
Bardez Colvale, Mapusa, Pilerne, Tivim
Bicholim Bicholim
Sattari Honda and Pissurlem
Tiswadi Corlim
Salcete Verna, Margao and Cuncolim
Mormugao Sancoale
Quepem Kakoda
Sanguem Sanguem
Canacona Canacona
Source: Goa Industrial Development Corporation

3232FEBRUARY 2017
Literacy rate (%)
Total 88.70
Male 92.65
Female 84.66
The state has a literacy rate of 88.7% according to the data
of Census 2011; the male literacy rate is 92.65% and the
female literacy rate is 84.66%.
During 2015-16, the total enrolments in schools were
recorded to be 239,884.
As of 2015-16, the number of government as well as
government-aided and unaided primary schools was
recorded to be 1,190. Similarly, the state recorded 77
middle schools, 396 high schools and 96 higher secondary
schools under these categories.
As per state budget 2015-16, the Government of Goa has
proposed to allocate US$ 6.07 million for Goa University,
US$ 3.81 million for the upgradation of computer labs and
US$ 152,760 as financial assistance for higher education in
the state.
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 and Panaji are proposed to be developed as
a smart cities in the state.
SOCIAL INFRASTRUCTURE – EDUCATION … (1/2)
Some of the higher education institutions
• Shree Rayeshwar Institute of Engineering and
Information Technology
• Padre Conceicao College of Engineering
• National Institute of Oceanography
• Parvatibai Chowgule College of Arts & Science
• Don Bosco College
• St. Xavier’s College
• BITS Pilani Goa campus
Source: Economic Survey of Goa, 2014-15,
Goa State Budget 2016-17

3333FEBRUARY 2017
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 second medical
college in an under-construction district hospital at Margao.
Goa College of Pharmacy, set up in 1842, is one of the oldest
institutes in India. It offers bachelor’s, master’s and diploma
courses in pharmacy. In 2015, the institute had 60 seats for
bachelor's degree, 60 seats for diploma and 23 seats for
master’s degree in various fields of pharmacy.
As per state budget 2016-17, 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 primary schools through Education Development
Corporation of Goa.
SOCIAL INFRASTRUCTURE – EDUCATION … (2/2)
Educational infrastructure, 2015-16 (Government,
Government Aided & Unaided)
Primary schools 1,190
Middle schools 66
Secondary schools 396
Higher secondary schools 96
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
Source: Educational Statistics at a Glance 2015-16, Government of Goa,
12014-15

3434FEBRUARY 2017
Health indicators (2015)
Birth rate
1
14.6
Death rate
1
8.5
Infant mortality rate
2
9.62
SOCIAL INFRASTRUCTURE – HEALTH
Source: Goa Economy in Figures - 2015, Economic Survey of Goa, 2014-15
1 Per thousand persons, 2Per thousand live births
PHC# -Primary Health Centre, State Budget 2016-17
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 and
Vrundavan Shalby Hospital in Mapusa.
As of January 2016, the number of active primary health
centres and sub centres in Goa were recorded to be 40 and
204, respectively.
In Budget 2016-17, the Government of Goa has proposed to
construct a new building of 44 bedded PHC# Cansaulim, and a
new building of 12 bedded PHC# Prina during 2016-17.
Further, the state government has also made a provision of
US$ 3.36 million for buildings, US$ 0.22 million for books &
periodicals and US$ 0.61 million for various equipment for
Goa Medical College.
A provision of US$ 7.79 million has also been made for
supplies and materials and US$ 5.34 million is allocated for
the completion of the second phase of the building of Goa
Dental College.
Health infrastructure (As of January 2016)
Active primary health centres 40
Active sub centers 204
Active community health centres 10
Active district hospitals 3
Active sub-district hospitals 2

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 16th Lokotsav festival organized in 2015
was attended by over 100,000 people from all over the country. Further, as per the budget 2016-17, the state government has
proposed to implement a project on Goa’s intangible cultural heritage for its identification, mapping & development across the state.
From November 12-22, 2016, the state hosted an international event with 15 of the world's best travel bloggers, to showcase its rich
cultural diversity, history, food, adventure & luxury experience. According to the state tourism department, the event was expected to
be witnessed by 4.5 million people across 30 countries, digitally.
The All India Football federation has ruled out the state of Goa from its membership for the first time, since 1984.
In December 2016, Goa will be the host to a new music festival – Wonderwall, which will be curated by the Indian DJ Nikhil
Chinappa.

INDUSTRIAL INFRASTRUCTURE
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.
Industry clusters Industries
Verna
Rubber, plastics, petroleum products, pharmaceuticals, electronics and telecommunication
equipment.
Bicholim Engineering, oil products, plastics, leather, textiles, food processing, soaps and agro products.
Kundaim Rubber, plastics, petroleum products, pharmaceuticals, steel fabrications and aluminum furniture.
Margao
Printing, plastics, herbal hair oils, cosmetics, ice blocks, engineering items and industrial diamond
tools.
Mormugao Shipbuilding and repair.
Corlim
Metal works, engineering, cold storage, food processing, electronic products, paper products,
chemicals, paints and varnishes.
Vasco Shipbuilding and repair.
Source: Goa Industrial Development Corporation

3737FEBRUARY 2017
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.
For the development of ‘Ease of doing business’ and ‘investor friendly ecosystem’ initiatives in the state, the state government has
proposed to establish an EMS (Electronic Monitoring System) that will track the progress of all IPB granted single window
clearances, as per state budget 2016-17.
As per state budget 2016-17, the state government decided to impart skill-based training across various sectors to around 5,000
youths every year.
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.
KEY INDUSTRIES … (1/2)
Key industries In Goa
• Tourism
• Food processing
• IT/ITeS
• Mining
• Biotechnology
• Pharmaceuticals
• Fishing
Source: Economic Survey of Goa, 2014-15, State Budget 2016-17
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.

KEY INDUSTRIES – MAJOR CLUSTERS … (2/2)
Pharmaceutical cluster
• 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.
Cashew 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.
Source: Ministry of MSME, Government of India,
Brief industrial profile of South Goa district

3939FEBRUARY 2017
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 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.
Info Tech Corporation of Goa Ltd, an undertaking of the state government,
initiated the work of establishing an IT Park at Kadamba Plateau and an
electronic manufacturing cluster at Tuem during 2015-16.
KEY INDUSTRIES – IT/ITeS … (1/2)
Rajiv Gandhi IT habitat, Dona-Paula
• Situated seven kilometres away from the
state capital of Panaji.
• Developed on an area of around 95
acres with the aim to attract
IT/ITeS/BPO/KPO industries.
• IT habitat is expected to attract
investments to the tune of US$ 147–184
million.
• Government aims to create employment
for 10,000–12,000 persons through this
park.
Some of the key players
• Smartlink Network Systems Ltd
• Zenith Computer Pvt Ltd
• PCS Technology Ltd
• Crompton Greaves
Source: The Directorate of Industries,
Trade and Commerce, Government of Goa

KEY INDUSTRIES – IT/ITeS … (2/2)
Smartlink Network
Systems Ltd
• Formerly D-Link (India) Private Limited, Smartlink Network Systems Ltd is one of India’s leading
networking companies, offering an integrated value proposition that includes design and
development, manufacturing, sales & marketing and service & support. It was established in
1993.
• The company has certified state-of-the-art manufacturing plants as well as a software and
Research & Development (R&D) centre at Verna, Goa. In 2015-16, the company earned US$
15.77 million in revenue. It has 17 offices in the country.
Zenith Computer Pvt Ltd
• Established in 1980, the company is one of the largest personal computer companies in India. It
employs around 800 professionals and has 15 branches across the country, with a 60,000 sq ft
of production facility in Sancoale Industrial Estate, Zuari Nagar.
• In 2014-15, the company earned US$ 3.9 million in revenue.
PCS Technology Ltd
• PCS is an Indian technology company headquartered in Mumbai. The company focuses on
facilities management services, software services as well as computer hardware. The
company’s net revenue from operations reached US$ 9.7 million in 2015-16.
• 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.

4141FEBRUARY 2017
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.
Iron ore exports from the state increased from 0.60 million tonnes in
2014-15 to 3.57 million tonnes in 2015-16, thereby witnessing a
huge growth.
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.
KEY INDUSTRIES – MINING … (1/2)
• Sesa Goa
• The Dempo Group
• V.M. Salgaocar and Company Ltd
• V.S. Chowgule and Company Ltd
Source: Ministry of Mines, Government of India
Goa mineral reserves
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 bauxite exports (tonnes)
2013-14 2014-15 2015-16
153,400 267,220 209,745

4242FEBRUARY 2017
Vedanta Limited
The Dempo Group
V.M. Salgaocar & Bro
Pvt Ltd
V.S. Chowgule and
Company 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. During 2015-16, the company reported revenues of US$ 9.84 billion.
• The Dempo Group is one of the state’s leading mining and export companies. It has two
subsidiaries for the mining business, i.e., Dempo Mining Corporation Private Limited and V S
Dempo Corporation Private Limited. The company’s key products are iron ore fines, calibrated
iron ore lumps and low-phosphate magnetite concentrates. Dempo has 19 mining leases in
Goa, which are spread across 1,800 hectares.
• The company was founded in 1952 as a mining and export company. It is one of the leading
suppliers of processed iron ore to large steel makers such as POSCO and Nippon Steel
Corporation (NSC). The company has its corporate office at Vasco-de-Gama and mining
facilities in four different locations in Goa. It has diversified into the hospitality, shipping, real
estate and education sectors. Over 10 million tonnes of material is handled at the mines every
year during iron ore extraction.
• Chowgule Mining Division is a part of the Chowgule Group. The company has mines and three
beneficiation plants in Goa (at Pale, Tudou and Costi). Chowgule’s run-of-mine ore production
exceeds five million tonnes per annum, and its beneficiation plants produce over 3.5 million
tonnes of iron ore and pellets every year.
KEY INDUSTRIES – MINING … (2/2)

4343FEBRUARY 2017
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 2016-17 state budget, the state
government came up with the concept of Deen Dayal
Swasthya Seva, for providing the people of the state with a
health cover through the insurance policy scheme, which
includes a total of 443 medical treatments and procedures.
KEY INDUSTRIES – PHARMACEUTICALS … (1/3)
• Ranbaxy Laboratories Ltd
• Aventis Pharma Ltd
• Blue Cross Laboratories Ltd
• Cipla Ltd
Source: Ministry of MSME, Government of India
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.

4444FEBRUARY 2017
Aventis Pharma Ltd
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 US$ 4.31 billion during 2015-16. 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.
• 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.
• 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.
Sun Pharmaceutical
Industries Ltd

4545FEBRUARY 2017
Cipla Ltd
• Established in 1935, Cipla is one of the oldest pharmaceutical companies in the country. It
manufactures and markets bulk drugs and formulations. The company posted revenues of US$
2.08 billion in 2015-16, 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.

4646FEBRUARY 2017
During 2014-15, the Ministry of Tourism of India
sanctioned US$ 1.46 million for the promotion of
tourism at heritage sites located in Goa.
KEY INDUSTRIES – TOURISM
Tourist arrivals in Goa (in million)
Source: Department of Tourism, Government of Goa,
Economic Survey of Goa, 2014-15
For the year 2016-17, the state government made a provision of
US$ 12.22 million for the infrastructure of tourism and US$ 7.63
million for the endorsement and promotion of the sector in the state.
Innovative marketing strategies to project Goa as an all-time leisure
destination have resulted in higher tourist inflows over the years.
As of 2015-16, the number of passengers who arrived in the state
on the basis of e-tourist visas was recorded to be 80,928.
Moreover, the state recorded a total of 541,480 foreign tourists from
over 141 countries across the globe.
For FY 2014, the number of charters that landed in Goa stood at
1,128 and the number for FY 2015 was estimated at 1,400. As of
2014-15, Goa had 3,010 hotels, with a total of 30,248 rooms and a
bed capacity of 53,177.
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.
2.21 2.02 2.13 2.20 2.22 2.33 2.62 3.54 4.76
0.39 0.35 0.38 0.44 0.45 0.45 0.49 0.51 0.54
2007 2008 2009 2010 2011 2012 2013 2014 2015
Domestic Foreign

4747FEBRUARY 2017
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; over 105.7 thousand tonnes of
marine fish and 4,601 tonnes of inland fish were harvested
in 2015.
As per the state budget 2016-17, 1,17,976 tonnes of fish
were caught during 2015-16. Moreover, in order to boost
ornamental fish farming in the state, a model ornamental
fish farm is expected to be set up during 2016-17 by the
Department of Fisheries.
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 2015-16, production of fish in Goa was recorded to
be 115.09 thousand tonnes as compared to 114.06
thousand tonnes in 2013-14.
KEY INDUSTRIES – FISHERIES
Annual fish catch (‘000 tonnes)
Source: Economic Survey of Goa, 2014-15
91.1
88.7
80.6 87.0 86.1 86.6 87.9
128.1
105.7
2.4
3.0 3.2 3.3 3.5
3.8
4.6
3.7
4.6
0.0
1.0
2.0
3.0
4.0
5.0
0.0
20.0
40.0
60.0
80.0
100.0
120.0
140.0
2007 2008 2009 2010 2011 2012 2013 2014 2015
Marine (LHS) Inland (RHS)
Fish production in Goa (‘000 tonnes)
Source: Department of Animal Husbandry, Dairying and Fisheries,
Ministry of Agriculture, Government of India
77.88
114.06 117.85 115.09
2012-13 2013-14 2014-15 2015-16

4848FEBRUARY 2017
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.
KEY INVESTMENT PROMOTION OFFICES … (1/2)

4949FEBRUARY 2017
Agency • Description
Goa Tourism Development
Corporation
• It promotes tourism and related activities in Goa.
• It focuses on developing eco-tourism, heritage tourism, adventure tourism, medical
tourism and event tourism.
Goa Horticulture Corporation
• It promotes investments in export-oriented projects, especially for the cultivation of
exotic fruits and vegetables, floriculture, etc.
• It is entrusted with the development of horticulture estates and establishment of sales
outlets for local produce through establishments called ‘Krishi Ghars’.
Info Tech Corporation of Goa
Ltd (ITG)
• It looks after the development of IT-related infrastructure, ITeS and implementation of
the government’s e-governance objectives.
KEY INVESTMENT PROMOTION OFFICES … (2/2)

5050FEBRUARY 2017
Agency Contact information
Directorate of Industries, Trade and Commerce
Udyog Bhavan,
Panaji- 403 001
Goa
Phone: 91-832-2226377
Website: http://www.goaditc.gov.in/
Goa Chamber of Commerce & Industry
Narayan Rajaram Bandekar Bhavan, T.B Cunha Road,
P.O. Box 59, Panaji - 403 001
Phone: 91-832-2424252
E-mail: goachamber@goachamber.org
Website: http://www.goachamber.org/
CONTACT LIST

5151FEBRUARY 2017
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
KEY APPROVALS REQUIRED … (1/2)
N.A. – Not Available

5252FEBRUARY 2017
Approvals and clearances required Departments to be consulted Estimated time in days
Approval of construction activity and
building plan
Town and Country Planning Authority 30
Sanction of power State Electricity Department Up to 60
Registration under the State Sales Tax
Act and Central and Excise Act
Sales Tax Department and Central and State
Excise Department
N.A.
KEY APPROVALS REQUIRED … (2/2)
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
Below US$ 1.09
million
HPCC
Department of
Industries,
Trade and
Commerce
Director of
Industries, Trade
and Commerce
The Chief
Minister
District
Industries
Centre
Goa Industrial
Development
Corporation
(Goa-IDC)
Nodal agency
Under the
Chairmanship ofInvestment handled

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.
Preliminary Project
Report submitted to
IPB
Evaluation and
recommendation by
satellite expert
consultant
IPB decision on
investment
proposal along with
all approving
authorities
Check on land
availability in
industrial estates
Process for industrial set up in Goa
15 days Rejection
IPB
approval
Detailed
templatised
proposal submitted
to IPB
Land not available
Land
earmarked
30 days
Evaluation and
recommendation by
satellite consultant
Nodal officer
approval who
would assist with
all approvals Approval
Rejection
Receipt of all
clearances for unit
to establish facility
and start operations
30 days30 days30 days

5555FEBRUARY 2017
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
COST OF DOING BUSINESS IN GOA
Source: Industry sources, Goa-IDC, Ministry of Labour and Employment,
Government of India, Electricity Department, Government of Goa

STATE ACTS & POLICIES … (1/3)
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.

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.
Read more
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.
Read more
Objective
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.
Read more
Objectives

5858FEBRUARY 2017
Goa Special Economic Zone Policy 2006
• To augment infrastructure facilities to boost exports.
Read more
Objective
Industrial Policy 2003
• To ensure accelerated industrial development, catalyse economic growth and balanced
regional growth, protect the environment and create sustainable employment for local youth of
the state.
• Key areas identified are pharmaceuticals, drugs and biotechnology, food processing, agro-
based, IT and IT-enabled services, eco-tourism/heritage tourism/adventure tourism/event
tourism/medical tourism and entertainment industries.
Read more
Objectives
Biotech Policy 2006
• To ensure accelerated growth in all areas of the biotechnology sector such as education,
research and economic sectors covering healthcare, agriculture, industry, services, environment
management and employment generation. Objectives of the policy include prioritisation of the
thrust areas for basic and applied research and technology development, and promotion of
innovations in R&D by providing financial and infrastructural support.
Read more
Objective

CONFERENCES/SUMMITS FOR 2016-17
Summit / Conference
Venue of Summit /
Conference
Date
International Conference on Electrical, Civil, Mechanical and Computer
Science Engineering (ICECMCE-16)
Goa 14th August, 2016
ASAR-International Conference on Electrical Engineering and Computer
Science(ICEECS-16)
Goa 4th September, 2016
International Congress on Engineering and Technology(ICET-16) Goa 10th September, 2016
ASAR-International Conference on Communication and Broadband
Networking (ICCBN-16)
Goa 25th January, 2016
International Conference on Traffic and Transport Engineering (ICTTE-16) Goa 16th October, 2016
International Conference on Advances in Engineering, Science &
Technology(ICET-16)
Goa 30th October, 2016
International Congress on Engineering and Technology(ICET-16) Goa 12th November, 2016
International Conference on Advances in Engineering, Science &
Technology(ICET-16)
Goa 20th November, 2016
SAIRAP-International Conference on Electrical, Civil, Mechanical and
Computer Science Engineering (ICECMCE-16)
Goa 18th December, 2016
Source: Conference Alert

ANNEXURE
Fiscal Year INR equivalent of one US$
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 48.13
2012-13 54.31
2013-14 60.28
2014-15 60.28
2015-16 65.46
Average exchange rates
Source: Reserve Bank of India

6161FEBRUARY 2017
India Brand Equity Foundation (IBEF) engaged TechSci to prepare this presentation and the same has been prepared
by TechSci in consultation with IBEF.
All rights reserved. All copyright in this presentation and related works is solely and exclusively owned by IBEF. The
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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 TechSci and IBEF’s knowledge and belief, the
content is not to be construed in any manner whatsoever as a substitute for professional advice.
TechSci and IBEF neither recommend nor endorse any specific products or services that may have been mentioned in
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DISCLAIMER

Goa State Report - February 2017

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Goa State Report - February 2017