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1 1 AUGUST 2015 For updated information, please visit www.ibef.org

GOA PEARL OF THE ORIENT

2 2

Executive Summary……………….…… 3 Advantage State…………………….….. 5

Goa Vision 2035…………………….….. 6

Goa – An Introduction…………….……. 7

Annual Budget 2015-16…………........ 19

Infrastructure Status……………...…… 21

Business Opportunities…………...….. 37 Doing Business in Goa…………..…… 48

State Acts & Policies………….….…… 56

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AUGUST 2015

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EXECUTIVE SUMMARY … (1/2)

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 per cent in 2014-15 over 2013-14.

Mormugao Port, reflected remarkable

growth

• During 2014-15, the Mormugao port handled a traffic of 14.71 million tonnes, thereby registering a strong growth of 25 per cent which is the highest growth rate on a year to year basis, among all the 12 major ports functioning in India. The port also exceeded the target of 13.35 million tonnes decided by the Ministry of Shipping.

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 • Goa is traditionally known as a tourist paradise for its natural scenery, beautiful beaches

and cultural diversity. In 2014, the state attracted 4.05 million tourists, including 0.51 million foreign visitors.


Source: Economic Survey of Goa, 2014-15, Mormugao Port Trust Goa, Ministry of Mines, Ministry of Tourism, TechSci Research

AUGUST 2015


Strong growth in fisheries sector

• In 2014, the fisheries sector in Goa recorded the highest production since 2009, at 128,100 tonnes of marine fish catch and 3,700 tonnes of inland fish. Fish exports from the state stood at 68,300 tonnes during 2013.

Quality infrastructure • Goa is the second state in India to achieve a 100 per cent automatic telephone system

with a solid network of telephone exchanges. Goa is also one of the few power surplus states in the country, and achieved 100 per cent rural electrification in 2011-12.

Fourth-highest road density in India

• The state had a road density of 285.49 kms per 100 sq km of area, as of 2014-15. Goa had a total of 224 km of national highways, as of May 2014-15. Length of state and district highways is 232 km and 815 km respectively.

High literacy rate • According to the 2011 census data, Goa has the fourth-highest literacy rate in the country

at 88.7 per cent against the national average of 73 per cent.


EXECUTIVE SUMMARY … (2/2)

Source: Economic Survey of Goa 2014-15 Ministry of Road Transport and Highways, Government of India

AUGUST 2015


Growing demand High economic growth

• GSDP growth rate was at about 11.23 per cent between 2004-05 and 2014-15.

• The state has one of the highest per capita incomes in the country at about US$ 5,512 in 2014-15.

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.

2014-15

Installed power

capacity:

400.02 MW

2016-17F

Peak electric load:

815 MW

Advantage Goa

ADVANTAGE GOA


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

AUGUST 2015



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.

AUGUST 2015


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

AUGUST 2015


GOA IN FIGURES … (1/2)


AUGUST 2015

Parameter Goa All states Source

Economy 2014-15 2014-15

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 7.3 TechSci Estimates based on “Advanced


Per capita GSDP (US$) 5,512 1,389.61 TechSci Estimates based on “Advanced


Physical Infrastructure

Installed power capacity (MW) 400.02 272,502.95 Central Electricity Authority, as of May 2015

Wireless subscribers (No) 76,863,343^ 973,347,094 Telecom Regulatory Authority of India, April 2015

Broadband subscribers (No) 10,460,000* 100,760,000 Telecom Regulatory Authority of India, April 2015

National Highway length (km) 224 92,851.07 National Highway Authority of India April-2015

Major and minor ports (No) 1+5 13+187 Indian Ports Association 2015

Airports (No) 1 132 Airports Authority of India

^Including Maharashtra; *As of March 2014


GOA IN FIGURES … (2/2)


AUGUST 2015

Parameter Goa All states Source

Social Indicators

Literacy rate (%) 88.7 73.0 Census 2011

Birth rate (per 1,000 population) 14.6 21.4 SRS Bulletin September 2014

Investment

FDI equity inflows (US$ billion) 0.823 248.5 Department of Industrial Policy & Promotion

Outstanding investments (US$ billion) 3.5 2,414.2 CMIE (2013-14)

Industrial Infrastructure

PPP projects (No) 6 1,409 DEA, Ministry of Finance, Government of India

SEZs (No) 3 347 Notified as of March 2015, Ministry of

Commerce & Industry

PPP: Public Private Partnership, SEZ: Special Economic Zone

10 10

At current prices, Goa’s gross state domestic product (GSDP) was about US$ 8.23 billion in 2014-15.

The GSDP increased at a compound annual growth rate (CAGR) of 11.23 per cent between 2004-05 and 2014-15.

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


AUGUST 2015

2.84 3.25

3.66

4.86 5.51

6.14

7.37

9.23

7.81 8.11 8.23 CAGR

11.23%

Source: TechSci Estimates based on “Advanced Estimates” provided by Directorate of Economics and Statistics Goa, Government of Goa

11 11

2.45 2.83

3.19

4.23 4.8

5.32

6.44

8.12

6.82 7.06 7.24

Goa’s net state domestic product (NSDP) was about US$ 7.24 billion in 2014-15.

The NSDP grew at a CAGR of 11.44 per cent between 2004-05 and 2014-15.

NSDP of Goa at current prices (in US$ billion)


ECONOMIC SNAPSHOT – NSDP


CAGR 11.44%

AUGUST 2015


12 12

1985 2202

2413

3099 3381

3632

4212

5129

4228

5432 5512

The state’s per capita GSDP was US$ 5,512 one of the highest in India, during 2014-15.

Goa’s per capita GSDP increased at a CAGR of 10.75 per

cent between 2004-05 and 2014-15.

GSDP per capita of Goa at current prices (in US$)


ECONOMIC SNAPSHOT – PER CAPITA GSDP


AUGUST 2015

CAGR 10.75%


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The state’s per capita NSDP was US$ 4,449, one of the highest in India, in 2014-15.

Goa’s per capita NSDP increased at a CAGR of 10.93 per cent between 2004-05 and 2014-15.

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$)


ECONOMIC SNAPSHOT – PER CAPITA NSDP


AUGUST 2015

1,718 1,919

2,102

2,699 2,947

3,146

3,683

4,513

3,692

4,728 4,849

CAGR 10.93%


14 14

12.27% 12.17%

42.54% 41.46%

45.19% 46.37%

2004-05 2014-15

Primary Sector Secondary Sector Tertiary Sector

2004-05 2014-15

In 2014-15, the tertiary sector accounted for 46.37 per cent (US$ 3.81 billion) of GSDP, followed by the secondary sector (41.46 per cent; US$ 3.41 billion) and the primary sector (12.17 per cent; US$ 1.00 billion).

At 11.51 per cent, the tertiary sector had the highest growth among all three sectors between 2004-05 and 2014-15. It was followed by the primary sector (11.14 per cent), and the secondary sector (10.94 per cent).

Growth in the tertiary sector has largely been driven by the tourism industry, which facilitated growth of other related industries such as banking and financial services, real estate, and business services.

GSDP composition by sector


ECONOMIC SNAPSHOT – PERCENTAGE DISTRIBUTION OF GSDP


CAGR

11.14%

11.51%

10.94%

AUGUST 2015


15 15

Crop Annual production

2013-14 (in tonnes)

Paddy 189,760

Coconut 128.15*

Vegetables 79,920

Sugarcane 47,669

Banana 26,308

Cashew nut 24,332

Mango 8,944

Groundnuts 6,590

Pulses 8,926

Pineapple 4,900

Rice is the major crop in the state followed by coconut, vegetables, sugarcane, banana and cashew nut.

Over 2013-14, the paddy production in Goa was 189,760 tonnes.

Groundnut is the principal field oil seed crop in the state.

Coconut production in Goa totalled 128.15 million nuts during 2013-14.

Cashew processing has been a traditional industry in the state. Cashew apple is also used in the production of feni, a local liquor, which has become internationally popular. Cashew nut production reached 24,332 tonnes in 2013-14.

Agriculture in Goa comprises cultivation of crops like paddy, cashew, coconut and seasonal vegetables and pulses, and provides livelihood support to nearly 12 per cent of the state’s 1.5 million population.


ECONOMIC SNAPSHOT – AGRICULTURAL PRODUCTION


Source: Economic Survey of Goa, 2014-15, Indian Horticulture Database 2014-15, National Horticulture Board,

*Million nuts

AUGUST 2015


ECONOMIC SNAPSHOT – EXPORTS


Fisheries exports from Goa Iron ore exports from Goa (‘000 tonnes)

Source: Ministry of Mines, Mormugao Port Trust Goa

AUGUST 2015

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

0.020.040.060.0

0.020.040.060.080.0

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

40

600

2013-14 2014-15

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

Item 2012-13 2013-14 2014-15

TEUS Tonnage TEUS Tonnage TEUS Tonnage

Frozen fish 3,011 42,737 2,328 32,804 3,064 42,940

Zinc oxide 120 1,966 96 1,697 138 2,476

Pig iron 362 9,543 381 10,328 1,228 33,580

Battery plates 22 475 17 354 6 126

Coke 73 1,088 36 608 77 1,769

Iron casting 351 5,682 418 6,455 510 7,511

Pharmaceutical products 196 2,157 325 2,537 750 6,151

Total export 6,048 88,558 6,445 101,453 8,682 144,423


ECONOMIC SNAPSHOT – GOA EXPORT POTENTIAL


Commodities exported from Mormugao Port

Commodities 2013-14 (in million tonnes) 2014-15 (in million tonnes)

Iron ore & iron ore pellets 0.04 0.60

Other ores 0.16 0.27

Total ores 0.20 0.87

Alumina NA 0.02

Steel slabs 0.06 0.06

Hot rolled coils 1.21 1.63

Container cargo 0.12 0.17

Granite 0.36 0.30

Other cargo 0.28 0.27

Wheat 0.04 NA

Maize NA NA

Sugar 0.06 0.01

Total exports 2.33 3.33

AUGUST 2015

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

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According to the Department of Industrial Policy & Promotion (DIPP), FDI inflows for Goa totalled US$ 823 million from April 2000 to March 2015.

Some of the large projects under construction include the Konkan Railway’s Sky Bus metro rail, the Tillari irrigation project and a part of Power Grid Corporation’s Western Grid Strengthening Scheme-II.

Major projects under the planning stage include Mopa airport, Panaji-Vasco sea link, oceanarium and water augmentation project.


ECONOMIC SNAPSHOT – FDI INFLOWS & INVESTMENTS


Source: Department of Industrial Policy & Promotion

AUGUST 2015

FDI equity inflows, 2008-09 to 2014-15 (US$ million)

29

169

302

38 9 17

35

2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15



ANNUAL BUDGET 2015-16 … (1/2)

The total size of the budget for the forthcoming financial year (2015-16) has increased by 26.48 percent to US$ 2.2 billion, compared to 2014-15.

The Budget proposed following developments in Infrastructure:

The bridges connecting Amona and Virdi, Keri and Tiracol and construction of grade separator at Dabolim airport will be completed in 2015-16 at an estimated cost of US$ 24.3 million.

Upgradation of Captain of Ports jetty and fisheries jetty in Panaji has been taken up at an estimated cost of US$ 3.85 million.

Upgradation of roads from Miramar to Dona Paula and Dona Paula Circle to Bambolim is ongoing and will be completed in this financial year at a cost of US$ 20.4 million.

As per the Budget 2015-16, following plans were announced:

Creating 50,000 jobs in the next five years;

Facilitating US$ 4.16 billion of new investment into Goa in the next five years;

Providing high quality logistics infrastructure to industries;

Providing 24*7 high-quality power supply and quality core infrastructure to industries;

Using innovative and socially acceptable mechanisms to make land available for industrial development

AUGUST 2015

Source: Government of Goa *2015-16 numbers are converted using exchange rate of INR 60/US$



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

AUGUST 2015

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


Goa had a total of 224 km of national highways, as of May 2014-15. Length of state and district highways are 232 km and 815 km. 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 of March 2015, the upgradation of roads from Miramar to Dona Paula and Dona Paula Circle to Bambolim is under progress. The upgradation is expected to be completed by the end of 2015 with total investment of US$ 20.33 million. 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.

Road type Road length (km)

National highways 224

State highways 232

District highways 815

PHYSICAL INFRASTRUCTURE – ROADS


Source: Maps of India, Directorate of Transport PWD: Public Works Department

AUGUST 2015


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) will be constructing three new railway stations, at Sarzora in South Goa and Neura and Mayem in North Goa, in addition to its existing nine stations.

Source: Maps of India

AUGUST 2015


PHYSICAL INFRASTRUCTURE – AIRPORTS


Goa has one airport at Dabolim, which functions as a domestic as well as an international airport. The state is connected to most Indian cities by air.

The state ranks among the top 10 in all-India air traffic, most of which is tourism related.

The state has good connectivity in terms of international flights, including chartered flights from European countries.

The Goa airport received 95,672* passengers and handled 488 flights during 2014-15.

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

The Goa government is planning to construct a new greenfield international airport at Mopa, in the Pernem taluka, on a BOOT basis. A global tender for the construction of the new airport at Mopa would be floated by the end of July 2014. Around 16 infrastructure development companies from various nations have shown interest in construction of the airport.

The state has acquired 7.4 million sq metres of land for the airport, which is expected to have a tourist capacity of eight million.

As of 2014, 287,725 square meter of Government land has also been transferred for the project in Amberem village.

Source: Airports Authority of India, Department of Tourism, Government of Goa

Economic Survey of Goa, 2014-15 *As of January 2015

AUGUST 2015

24 24

Goa has 255 km of rivers and canals, providing an economical mode for goods transport. The River Navigation Department was established to provide safe, dependable and affordable transport facilities on different ferry routes of Goa’s inland waters. The Mormugao harbour, a multi-purpose general cargo berth situated in the port town of Vasco-da-Gama, handles local and international maritime cargo traffic. During 2014-15 the Mormugao port handled a traffic of 14.71 million tonnes thereby registering a strong growth of 25 per cent which is the highest growth rate on a year to year basis, among all the 12 major ports functioning in India. The port has also exceeded the target of 13.35 million tonnes that was set by the Ministry of Shipping.

In January 2015, the Mormugao Port Trust (MPT) announced plans to award nine major projects, including capacity augmentation schemes with an investment of US$ 521.1 million. Export of liquor from the Mormugao port has increased from 5,860 metric tonnes in 2012-13 to 14,342 metric tonnes in 2014-15. For the same period, the export of glass fibre has increased from 1,929 metric tonnes in 2012-13 to 2,998 metric tonnes in 2014-15.


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

AUGUST 2015

25 25

As of June 2015, Goa had a total installed power generation capacity of 400.02 MW. The state had per capita power consumption of 2,076 kWh over 2014-15. Out of the total installed capacity 351.97 MW is managed by central utilities and 48 MW is by private utilities. Thermal power plants accounts for significant share in the total installed capacity with 374.17 MW whereas nuclear energy contributes to 25.80 MW. Goa is one of the few states in India to achieve 100 per cent rural electrification. The state generates power from its 48 MW naphtha-based plant of Reliance Infrastructure Limited and it depends, largely, on the power allocated from the central generating stations. The industrial sector is the largest consumer of electricity, followed by the domestic sector. Goa Electricity Department controls power infrastructure in the state.

The project for laying a gas pipeline by GAIL from Gokak to Goa for gas transportation to Goa has been completed.

Installed power capacity (MW)


PHYSICAL INFRASTRUCTURE – POWER


Source: Central Electricity Authority, Economic Survey of Goa, 2014-15

*Till June 2015

The government is in the process of framing congenial regulatory policies to encourage participants to generate power from renewable sources. In January 2015, Oil and Natural Gas Corporation (ONGC) and Goa Energy Development Agency plan to build a one megawatt solar power plant at ONGC's base at Betul.

AUGUST 2015

357.20

380.90 386.90

400.20

430.02

400.02 400.02

2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15*

26 26

Telecom infrastructure (2014-15)

Wireless subscribers^ 76,863,343^^

Wireline subscribers^ 2,075,502^^

Broadband subscribers^ 10,460,000*

Post offices 258

Public call offices (PCOs) 1,419

Telephone connections 149,879

Mobile connections 197,225

Goa is among the few states in the country to have 100 per cent automatic telephone systems with a good network of telephone exchanges.

Goa has a fibre-optic cable network spread through the state; it provides high-speed access for a wide range of internet-related services.

As of March 2015, Goa had 149,879 telephone connections.

India’s biggest telecom tower company Indus Towers has announced plans to install 400 towers in Maharashtra and Goa in 2014-15.

As of June, 2015, Vodafone India has invested over US$ 12.04 million to ramp up its network, distribution and retail presence in Goa.


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, May 2015 ^Including Maharashtra, ^^As of May 2015, *As of March 2014

AUGUST 2015

27 27

Panaji is one of the 65 cities identified under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM).

The JNNURM city development plan has identified several infrastructure projects, with the bulk of investments to be made in the areas of water supply, urban environment, traffic and transportation.

Under JNNURM, two projects costing around US$ 15.6 million have been sanctioned for Panaji. Areas of development under these projects are heritage conservation and water supply for Panaji and surrounding areas under the jurisdiction of the corporation of the city of Panaji, Goa.

In the 2015-16 state budget, the investment for solid waste management is US$ 1.49 million, on Integrated Development of Major Towns scheme it was US$ 9.95 million, while US$ 2.49 million were allotted for each JNNURM and Compensation to Municipalities in lieu of Octroi, separately .


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

AUGUST 2015

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 137 towns/cities in the country.


DEVELOPMENT PROJECTS: PUBLIC PRIVATE PARTNERSHIP (PPP) PROJECTS


Source: Ministry of Finance, Government of India

AUGUST 2015

PPP Projects - Goa

Project Name Sector Status Total cost

(US$ million)

Cruise terminal at Aguada Transport Under

construction 4.98

Development of Multipurpose Cargo Terminal at the Port of

Mormugao, Goa

Transport

Others 157.6


DEVELOPMENT PROJECTS: SEZ AND INDUSTRIAL ESTATES … (1/3)


As of March 2015, Goa had seven formally approved and three notified special economic zones (SEZs).

On completion, the SEZs would primarily cover knowledge-based industries such as biotechnology and IT/ITeS. The Goa Industrial Development Corporation (Goa-IDC) assists in establishing industries in specific industrial areas and estates. Goa-IDC has established 20 industrial estates in various talukas of Goa. It plans to expand eight of these existing units and establish another five industrial estates.

The 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

AUGUST 2015

Growth in number of MSMEs since 1970

Year No. of units

1970 305

1975 756

1980 1,323

1985 2,310

1990 3,924

1995 4,995

2000 5,949

2005 6,954

2010 7,350

2014 7,793


DEVELOPMENT PROJECTS: SEZS AND INDUSTRIAL ESTATES … (2/3)


Source: Ministry of Commerce & Industry, Department of Commerce

AUGUST 2015

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


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

AUGUST 2015

32 32

Literacy rate (%)

Total 88.70

Male 92.65

Female 84.66

The state has a literacy rate of 88.7 per cent according to the data of Census 2011; the male literacy rate is 92.65 per cent and the female literacy rate is 84.66 per cent.

Over 2014-15, student enrolments at the primary, middle and secondary school levels were 96,139, 72,121 and 74,641, respectively.

As of 2014-15, the state had 1,210 primary schools, 460 middle schools, 400 secondary schools and 103 higher secondary schools.

The government is making efforts to reinforce its educational policy towards bridging regional and gender gaps, reducing the drop-out rate, emphasising skill development and vocational programmes to curb unemployment.

Goa is planning to set up an Indian Institute of Science, Education and Research, an Indian Institute of Technology (IIT) and an Indian Institute of Management (IIM) by 2035; to become a leading educational hub in the country.

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 Economy in Figures – 2015,

Goa Investment Policy 2013

AUGUST 2015

33 33

Goa has a number of leading engineering, business management, medical and legal institutes.

The Maritime School, under the Captain of Ports Department, Government of Goa, is among the first of its kind in the country.

As of 2014-15, the state had 30 vocational and professional institutes, 27 universities and colleges for professional education, 25 universities and colleges for general education and four teachers training institutes.

The state government is planning to set up its second medical college in an under-construction district hospital at Margao.

Goa College of Pharmacy, set up in 1842, is one of the oldest institutes in India. It offers bachelor’s, master’s and diploma courses in pharmacy. In 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.

The state’s education department plans to open seven higher secondary schools (HSS) in 2015. The schools will have arts, commerce, science and vocational streams.

In the Budget 2015-16, the state government announced plans to invest US$ 185.18 million for the growth of the education sector in the state.


SOCIAL INFRASTRUCTURE – EDUCATION … (2/2)


Educational infrastructure, 2014-15

Primary schools 1,210

Middle schools 460

Secondary schools 400

Higher secondary schools 103

Vocational and professional institutes 30

Teachers training institutes 5

Universities & colleges for general education

25

Universities & colleges for professional education

27

Industrial Training Institutes (ITIs) 14

Source: Educational Statistics at a Glance 2014-15, Government of Goa

AUGUST 2015

34 34

Health indicators (2014)

Population served per hospital bed 276

Birth rate* 14.6

Death rate* 8.5

Infant mortality rate** 9.62


SOCIAL INFRASTRUCTURE – HEALTH


Source: Goa Economy in Figures - 2015, Economic Survey of Goa, 2014-15 *Per thousand persons, **Per thousand live births

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 2014-15, Goa accounts for about 3.63 hospital beds per thousand population.

In the Budget 2015-16, the state government of Goa has announced plans to increase the bed strength of government hospitals by 68 beds at the primary health centre level.

Goa is also expected to receive a new 210-bed super-speciality hospital by the name of Healthway Hospitals at Kadamba, for a cost of US$ 28.2 million. The hospital, promoted by 33 medical practitioners, would be based on a distinctive ownership principle.

Health infrastructure (as of 2014-15)

Hospitals 164

Community health centres 4

Primary health centres 21

Sub-centres 207

Dispensaries 31

Total beds in hospitals 5,914

AUGUST 2015


CULTURAL INFRASTRUCTURE


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

Goa has a number of churches, chapels and convents of unmatched architectural beauty; most of these were built during the Portuguese rule. Some of the famous churches include Church of St. Francis of Assisi, Basilica of Bom Jesus (mortal remains of St. Francis Xavier enshrined), Lady Rosary and St. Augustine.

The state is home to the Goa Football Association and many renowned clubs such as Sporting Clube de Goa and the Vasco Sports Club.

The main sports arenas are the Jawaharlal Nehru Fatorda Stadium and the Dr Rajendra Prasad Stadium in Margao, the Tilak Maidan Stadium in Vasco da Gama and the Campal Sports complex in Panaji.

The fifth Youth Delphic Games 2016 will be hosted in Goa from February 1-14, 2016. The game will combine six art categories and over 70 sub-categories, with many artistic events and activities. The age limit for participating in these games will be between 15 and 25 years.

The key hotels in Goa include Leela Kempinski, at Cavelossim, Taj Fort Aguada at Bardez, Park Hyatt at Cansaulim and the Intercontinental at Canacona. The Panjim Inn, Cidade-de-Goa and Majorda Beach Resort are well-known hotels in Margao.

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

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

AUGUST 2015


INDUSTRIAL INFRASTRUCTURE


Goa Industrial Development Corporation (Goa-IDC) is the nodal agency established for setting up of industrial estates and offering developed plots to industrial units in the state.

Goa-IDC has established 20 industrial estates, spread across the state’s talukas, and is currently working on the expansion of existing industrial estates as well as establishing new ones.

Industry clusters Industries

Verna Rubber, plastics, petroleum products, pharmaceuticals, electronics and telecommunication equipment.

Bicholim Engineering, oil products, plastics, leather, textiles, food processing, soaps and agro products.

Kundaim Rubber, plastics, petroleum products, pharmaceuticals, steel fabrications and aluminum furniture.

Margao Printing, plastics, herbal hair oils, cosmetics, ice blocks, engineering items and industrial diamond tools.

Mormugao Shipbuilding and repair.

Corlim Metal works, engineering, cold storage, food processing, electronic products, paper products, chemicals, paints and varnishes.

Vasco Shipbuilding and repair.

Source: Goa Industrial Development Corporation

AUGUST 2015

37 37

Apart from having an established iron ore mining industry, Goa has emerged as a manufacturing base for several leading companies in areas such as fertilisers, tyres and tubes, cement, electrical machinery, fish-net making machines, automatic washing machines, printed circuit boards, pharmaceuticals and pharmaceutical machinery.

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

Tourism is the largest segment in the services sector; the Goa Tourism Development Corporation (GTDC) is responsible for promoting tourism in the state.

As of 2014-15, the state had 7,967 Micro, Small and Medium Enterprises (MSMEs) and 192 large scale industries.

Over 2014-15 (up to December 2014), 485 entrepreneurs have been recognised under the Entrepreneurs Memorandum Part-I (EMP-I), which is expected to have generated 6,609 jobs.

The state is in the process of developing the logistics sector in Goa by forming a special logistics group and constructing several bridges to address the existing deficiencies with regard to logistics and warehousing.


KEY INDUSTRIES … (1/2)

Key industries In Goa

• Tourism

• Food processing

• IT/ITeS

• Mining

• Biotechnology

• Pharmaceuticals

• Fishing


Number of enterprises registered during 2014-15 (up to December 2014) under EMP-I

Parameter Micro Small Medium

Units (no) 371 112 2

Proposed investment

(US$ million) 5.4 15.2 2.9

Expected employment generation (no)

3,343 2,585 681

Source: Economic Survey of Goa, 2014-15

AUGUST 2015


KEY INDUSTRIES – MAJOR CLUSTERS … (2/2)


Pharmaceutical cluster

• The cluster is run by the Goa Pharmaceutical Manufacturers’ Association (GPMA) and accounts for around 12 per cent of the country’s medicine production.

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

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

• In 2014-15, the pharma industry recorded revenues of US$ 1,658 million. The export of pharmaceutical products from the state has increased from 2,157 metric tonnes in 2012-13 to 6,151 metric tonnes in 2014-15.

Cashew cluster

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

• Cashew kernel is the major product manufactured. • Fixed investment of US$ 5.2 million has been made. • Exports of cashew kernels has increased from 532 metric tonnes in 2012-13 to 947 metric

tonnes in 2014-15.

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

AUGUST 2015

39 39

Despite being a small state and a late starter in the IT industry, Goa is ideally placed to capitalise on the opportunities available in the sector.

Goa is one of the most literate states in India, with a literacy rate of over 88.7 per cent; most Goans are conversant with the English language, which is the lingua franca for the IT industry.

As per the state budget 2015-16, IT parks would be set up at Chimbel (Kadamba Plateau) and Tiswadi. For this purpose, an area of 450,000 sq meters will be utilised. Investments worth US$ 6.64 million will be made for the IT parks. Also, a contribution of US$ 2.49 million will be done towards the growth of Info Tech Corp of Goa Ltd.

The state is close to several business centres, such as Mumbai, Pune and Bangalore, of the country that provide growth opportunities.

Goa University offers a postgraduate course in computer sciences, and there are over 250 other institutes imparting IT training and education.

Info Tech Corporation of Goa Ltd, an undertaking of the state government, is planning to redesign Rajiv Gandhi IT Habitat at Dona Paula that has been built to attract IT/ITeS/BPO/KPO industries.


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

AUGUST 2015

40 40


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 2014-15, the company earned US$ 15 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$ 16.5 million in 2014-15. 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.

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41 41

The mining belt of Goa covers an area of approximately 700 sq km and is mostly concentrated in the four talukas of Bicholim, Salcete, Sanguem and Quepem.

The iron ore production in the state has increased from 22.30 million tonnes in 2004-05 to 150 million tonnes in 2014-15.

Besides iron, bauxite ore is the major minerals found in Goa. Goa accounted for 2 per cent of India’s total bauxite production of 26.8 million tonnes in 2014-15. The bauxite production in the state has increased from 444.4 thousand metric tonnes in 2013-14 to 536.1 thousand metric tonnes in 2014-15.

Most mines in Goa are of open-cast type, which necessitates the removal of over burden overlying the iron ore formations. In the 2015-16 state budget a new scheme named “Debt relief Scheme for mining affected borrowers of financial institutions” was announced in order to deliver financial assistance to the borrowers.


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

AUGUST 2015

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

42 42

Sesa Sterlite Ltd

The Dempo Group

V.M. Salgaocar & Bro

Pvt Ltd

V.S. Chowgule and

Company Ltd


• Sesa Sterlite, also known as Sesa Goa, is a well-known mining company in India. It is the flagship company of the Vedanta Group and is India's largest iron ore exporter in the private sector. The Sesa Group of companies have been involved in iron ore mining for over five decades. Over the last two decades, the company has diversified into manufacturing of pig iron and metallurgical coke. As of March 2013, Sesa Goa has the rights to exploration & production of an estimated 433 million tonnes of iron ore. In 2012-13 and 2013-14, the company produced 3.7 million tonnes and 1.5 million tonnes of iron ore, respectively. Apart from Goa, it has mining operations in Karnataka. During 2014-15, the company reported revenues of US$ 5.3 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)


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43 43

Goa's pharmaceuticals industry generated revenue of US$ 1.66 billion over 2014-15.

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.

In 2014, Goa Antibiotics and Pharmaceuticals Limited (GAPL) was acquired by the PSU firm HLL Lifecare, which has paved the way for the latter’s expansion. GAPL opened its first public pharmacy outlet in Panaji in November 2014.


KEY INDUSTRIES – PHARMACEUTICALS … (1/3)



• Ranbaxy Laboratories Ltd

• Aventis Pharma Ltd

• Blue Cross Laboratories Ltd

• Cipla Ltd

Source: Ministry of MSME, Government of India

AUGUST 2015

According to the 2015-16 state budget, a first of its kind initiative has been launched, which will cover mental health, ayurvedic treatment as well as medication for diseases like - hypertension and diabetes. An initial investment of US$ 4.98 million would be allotted for this scheme.

44 44

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. In 2014-15, the total revenue of the company was around US$ 4.55 billion. 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. The company generated revenue of US$ 320.6 million in 2014.

• 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.



AUGUST 2015

Sun Pharmaceutical Industries Ltd

45 45

Cipla Ltd


• Established in 1935, Cipla is one of the oldest pharmaceutical companies in the country. It manufactures and markets bulk drugs and formulations. The company posted revenues of US$ 1.67 billion in 2014-15, 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.



AUGUST 2015

46 46

For the year 2015-16, the budget allotted for tourism is US$ 43.15 million as compared with US$ 23.38 million 2014-15. A special purpose vehicle worth US$ 1.66 million is expected to commence. This would prove beneficial for the international convention centre at Panaji to give world class facilities at one place. Innovative marketing strategies to project Goa as an all-time leisure destination have resulted in higher tourist inflows over the years. On 15th March 2015, the number of foreign tourists in Goa under ‘e-Visa’ category was 12,639. In 2014-15, the state attracted 4.05 million tourists, of which 0.51 million were foreign tourists. The tourist inflows increased by 30% in 2014, as compared with 2013. This was the highest growth recorded by any state in India in percentage terms. For FY 2014, the number of charters that landed in Goa stood at 1,128 and the number for FY 2015 is expected to be 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.


KEY INDUSTRIES – TOURISM

Tourist arrivals in Goa (in million)


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

P - Provisional

AUGUST 2015

2.21 2.02 2.13 2.20 2.22 2.33 2.62

3.54

0.39 0.35 0.38 0.44 0.45 0.45

0.49

0.51

2007 2008 2009 2010 2011 2012 2013 2014P

Domestic Foreign

47 47

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 128,107 tonnes of marine fish and 3,718 tonnes of inland fish were harvested in 2014.

In the 2015-16 state budget, fisheries have been allotted a sum of US$ 11.71 million. During 2014-15, 7 fishing ramps have been constructed along with 2 net mending sheds, 50 metre jetty at Malim and repairof the existing fishing jetty at Panaji was done.

During 2015-16, 4 main fish landing centres of Chapora, Malim, Cortalim and Cutbona would be upgraded, involving an investment of US$ 16.59 million. For the same year, fishing ramps will be built at Padribhat, Azossim and Mandur and repair work at existing Fisheries Administration Building and internal roads at Fisheries Complex of Colva would be done. For all this work, a sum of US$ 3.5 million will be initially allotted.

During 2014-15, exports of frozen fish from Mormugao Port were recorded to be 42,940 tonnes.


KEY INDUSTRIES – FISHERIES

Annual fish catch (‘000 tonnes)


Source: Economic Survey of Goa, 2014-15

AUGUST 2015

91.1

88.7 80.6

87.0 86.1 86.6 87.9

128.1

2.4

3.0 3.2 3.3

3.5 3.8

4.6

3.7

0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0

4.5

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

Marine (LHS) Inland (RHS)

48 48

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)


AUGUST 2015

49 49

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)


AUGUST 2015

50 50

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


AUGUST 2015

51 51

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

Incorporation of company Registrar of Companies NA

Registration, Industrial Entrepreneurs Memorandum (IEM), Industrial Licences

High Powered Coordination Committee (HPCC) for large and medium-sized projects, Director of Industries, Trade and Commerce for small and

micro projects

NA

Allotment of land Goa-IDC 8 to 15

Permission for land use Goa-IDC 8 to 15

Site environmental approval Goa State Pollution Control Board and Ministry of

Environment and Forests 60

No objection certificate and consent under Water and Pollution Control Acts

Goa State Pollution Control Board 7 to 14


KEY APPROVALS REQUIRED … (1/2)


AUGUST 2015

52 52

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

Approval of construction activity and building plan

Town and Country Planning Authority 30

Sanction of power State Electricity Department Up to 60

Registration under the State Sales Tax Act and Central and Excise Act

Sales Tax Department and Central and State Excise Department

NA


KEY APPROVALS REQUIRED … (2/2)


AUGUST 2015


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 of Investment handled

AUGUST 2015


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 days 30 days 30 days

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55 55

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

Official Gazette dated 7-3-2013, Government of Goa


AUGUST 2015


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.

AUGUST 2015




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

AUGUST 2015

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

58 58

Goa Special Economic Zone Policy 2006

• To augment infrastructure facilities to boost exports.

Read more Objective




AUGUST 2015

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


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 Q1 64.01

Average exchange rates

AUGUST 2015

Source: Reserve Bank of India

60 60

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DISCLAIMER


AUGUST 2015

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