goa state report - february 2017

11FEBRUARY 2017FEBRUARY 2017 For updated information, please visit www.ibef.org

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

33FEBRUARY 2017 For updated information, please visit www.ibef.org

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

TechSci Estimates based on “Advanced


and Statistics Goa

Per capita GSDP (US$) 6,371.6 1,546TechSci Estimates based on “Advanced


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 1,033,157,014Telecom Regulatory Authority of India, as of May

2016

Internet subscribers (No) 29,000,0001

334,340,000Telecom 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) 0.841 288.51Department 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 186Ministry of Commerce & Industry, Department of

Commerce, July 2016

PPP: Public Private Partnership, SEZ: Special Economic Zone1Only 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 3.253.66

4.865.51

6.14

7.378.12

6.82

8.23

9.30

200

5-0

6

200

6-0

7

200

7-0

8

200

8-0

9

200

9-1

0

201

0-1

1

201

1-1

2

201

2-1

3

201

3-1

4

201

4-1

5

201

5-1

6


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

4.234.80

5.32

6.44

8.12

6.82 7.06 7.24

200

5-0

6

200

6-0

7

200

7-0

8

200

8-0

9

200

9-1

0

201

0-1

1

201

1-1

2

201

2-1

3

201

3-1

4

201

4-1

5

201

5-1

6


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

30993381

4212

5129

4228

5432 5512

6372

200

5-0

6

200

6-0

7

200

7-0

8

200

8-0

9

200

9-1

0

201

0-1

1

201

1-1

2

201

2-1

3

201

3-1

4

201

4-1

5

201

5-1

6


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

26992947 3146

3683

4513

3692

4728 4849

200

5-0

6

200

6-0

7

200

7-0

8

200

8-0

9

200

9-1

0

201

0-1

1

201

1-1

2

201

2-1

3

201

3-1

4

201

4-1

5

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

CropAnnual 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 21.527.0

37.2 37.842.7 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)

Item2013-14 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

Commodities2013-14 (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

389 17 35 18

20

08-0

9

20

09-1

0

20

10-1

1

20

11-1

2

20

12-1

3

20

13-1

4

20

14-1

5

20

15-1

6

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 PanajiConnectivity July 2014 September 2017 40% completed 54.23

Construction of Panchayat Complex at

ChicalimPublic Amenities March 2014 February 2016 75% completed 1.26

Establishing infrastructure for Organic

Waste Management FacilityEnvironment February 2014 August 2016

80% completed0.45

Infrastructure works for Sanjay Centre

for Special Education at Bogda, Vasco.

Sports &

EducationNovember 2014

November 2016 60% completed1

Construction of Primary Health Centre

at Navelim, Margao, Goa.

Healthcare

FacilitiesJuly 2015 October 2016

32% completed0.51



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)

DepartmentsBudget 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

fisheries64.98

Social welfare, women and child

development and tribal welfare151.06

Annual budget (estimates in US$ million)

DepartmentsBudget allocations

(2015-16)

Health, medical, allied sciences &

nursing116.36

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 NameProject 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

2.633.08

3.52 3.543.89

4.51

5.37

2009-10

2010-11

2011-12

2012-13

2013-14

2014-15

2015-16

24,326 24,01827,430 26,804

28,90433,422

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

20

08-0

9

20

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0

20

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20

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2

20

12-1

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20

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15-1

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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 India1Including 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 12th

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 StatusTotal cost

(US$ million)

Solid Waste Management (Pernem) Project Water SanitationUnder

construction2.29

Construction of Berth 5 A & 6 A at Mormugao Transport

Operation and

maintenance

stage

38.49

Cruise Terminal at Aguada TransportUnder

construction12.22

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 DeveloperNumber of

SEZs

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

BiotechnologyPeninsula Pharma Research

Centre Pvt. Ltd1

PharmaceuticalsMeditab 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, GoaPharmaceuticals 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 LimitedVerna, Goa

Gems and

jewellery13.28

Inox Mercantile Company

Private LimitedVerna, 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 301

Teachers training institutes 51

Universities & colleges for general

education25

1

Universities & colleges for professional

education27

1

Industrial Training Institutes (ITIs) 141

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

3434FEBRUARY 2017

Health indicators (2015)

Birth rate1

14.6

Death rate1

8.5

Infant mortality rate2

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

VernaRubber, 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.

MargaoPrinting, plastics, herbal hair oils, cosmetics, ice blocks, engineering items and industrial diamond

tools.

Mormugao Shipbuilding and repair.

CorlimMetal 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

88.780.6 87.0 86.1 86.6 87.9

128.1

105.7

2.4

3.0 3.2 3.3 3.53.8

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 andorderly 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 managegovernment-promoted financial schemes.

• It acts as an investment company and provides financial assistance to entrepreneurs forstarting 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 developinfrastructure 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 importedraw material, especially for small scale units.

• It has been instrumental in starting the ‘Deen Dayal Swayamrojgar Yojana’, a schemeto 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, medicaltourism and event tourism.

Goa Horticulture Corporation

• It promotes investments in export-oriented projects, especially for the cultivation ofexotic fruits and vegetables, floriculture, etc.

• It is entrusted with the development of horticulture estates and establishment of salesoutlets 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 ofthe 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: [email protected]

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 approvalGoa State Pollution Control Board and Ministry of

Environment and Forests60

No objection certificate and consent

under Water and Pollution Control ActsGoa 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 planTown 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 DepartmentN.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 agencyUnder 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

earmarked30 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

http://www.goadmg.gov.in/UPLOADS/288.PDF

https://www.goa.gov.in/pdf/Information_Technology_policy_draft_2015.pdf

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

5858FEBRUARY 2017

Goa Special Economic Zone Policy 2006

• To augment infrastructure facilities to boost exports.

Read moreObjective




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

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

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

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



CONFERENCES/SUMMITS FOR 2016-17

Summit / ConferenceVenue of Summit /

ConferenceDate

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

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DISCLAIMER


goa state report - february 2017

Economy & Finance