       • was the second largest producer of iron ore in during 2011-12. The state Second largest iron ore produced 20.3 per cent of the country’s total iron ore and exported over 70.0 per cent of producer output.

Leading medicine • Goa accounts for around 12 per cent of total medicines produced in India. The state’s manufacturer pharmaceuticals industry generated revenue of US$ 2.1 billion over 2011-12.

• Goa is one of the fastest growing states in the country. It had the second highest per Strong economic growth capita NSDP in the country during 2011-12.

• Goa is traditionally known as a tourist paradise for its natural scenery, unique beaches Tourist paradise and cultural diversity. The state attracted 2.8 million tourists, including 450,530 foreign visitors, in 2012.

Source: Economic Survey of Goa 2012-13, Aranca Research Strong growth in • The fisheries sector in Goa recorded the highest growth rate of 41.8 per cent among all sectors during 2011-12. Fish exports from the state increased to 40,000 tonnes in 2012 fisheries sector from 37,827 tonnes in 2011.

• Goa is the second state in India to achieve a 100 per cent automatic telephone system Quality infrastructure with a solid network of telephone exchanges. Goa is also one of the few states in the country to achieve 100 per cent rural electrification.

Fourth highest road • Goa has the fourth highest road density in the country; road density was 285.5 km per 100 density in India sq km as of March 2012 against the national average of 142 km.

• According to 2011 census provisional data, Goa has the fourth highest literacy rate in the High literacy rate country at 87.4 per cent, against the national average of 74.0 per cent.

Source: Economic Survey of Goa 2012-13, Ministry Of Road Transport and Highways, , Aranca Research 2011-12 HighGrowing economic demand growth Facilitating infrastructure 2021F • Average GSDP growth rate was at Installed about 16.0 per cent between 2004- • Goa has a well-developed social, Power power 05 and 2011-12 physical and industrial infrastructure demand capacity: and virtual connectivity. Forecast: • It has an international airport that is 430 MW • The state has one of the highest per 708 MW capita incomes in the country. in line with its importance as a globally-recognised leisure • destination. It also has significant • port infrastructure. Advantage Goa Strong presence in mining, Rich labour pool • The engineering sector is delicensed; tourism and pharmaceuticals 100 per cent FDI is allowed in the • Goa’ssector high rate of literacy has • Abundant reserves of iron-ore attracted knowledge-based industries • Established base for the • suchDue to as policy pharmaceuticals, support, there was pharmaceuticals industry and an biotechnology and IT. emerging destination for cumulative FDI of USD14.0 billion into • Moreover,the sector overa large April proportion 2000 – February of the knowledge-based industries such population can speak English, which as biotechnology and IT 2012, making up 8.6 per cent of total helpsFDI into boost the countrythe state’s in that tourism period and • High inflow of international tourists ITeS industries. driving tourism revenue

GSDP : Gross Domestic State Product Source: Economic Survey of Goa, 2012-13, Planning commission of India Goa has a tropical climate with a monsoon season, which lasts from June to September. Due to its long coastline, the weather is hot and humid for the rest of the year.

Parameters Goa

Capital Geographical area (sq km) 3,702 Administrative districts (No) 2 Population density (persons per sq 394 km)* Total population (million)* 1.46 Goa is located in the western region of India. The state shares a border with the Arabian Sea to the west, Male population (million)* 0.74 to the north and to the south and Female population (million)* 0.71 the east. Sex ratio (females per 1,000 males)* 968 Languages spoken are Konkani, Marathi, Portuguese, Hindi Literacy rate (%)* 87.4 and English.

Goa’s administrative headquarters are located at Panaji Sources: Website: www.goa.gov.in, (which is also the state capital) and . The state has *Provisional data – Census 2011 two districts: North Goa and South Goa. Parameter Goa All-States Source

Economy 2011-12 2011-12 2012-13

Planning Commission Databook, GSDP as a percentage of all states’ GSDP 0.4 100 100 current prices Planning Commission Databook, Average GSDP growth rate (%)* 16.0 15.9 15.6** 2004-05 to 2011-12, current prices Planning Commission Databook, Per capita GSDP (US$) 4,166.3 1,434.8 1,414.2 current prices Physical Infrastructure

Installed power capacity (MW) 430.0 225,133.1 Central Electricity Authority, as of May 2013 Ministry of Road Transport & Highways, National Highway length (km) 269 79,116 as of March 2013

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

Airports (No) 1 133 Airports Authority of India Social Indicators Literacy rate (%) 87.4 74.0 Provisional data – Census 2011

Birth rate (per 1,000 population) 13.3 21.8 SRS Bulletin (www.censusindia.gov.in), 2012

*Calculated in Indian rupee terms, ** 2004-05 to 2012-13, SRS: Sample Registration System Parameter Goa All-States Source

Investment

Department of Industrial Policy & Promotion, FDI equity inflows (US$ billion) 0.8 193.4 April 2000 to March 2013 Outstanding investments (US$ billion) 13.6 10,499.2 CMIE (2012-13)

Industrial Infrastructure

PPP projects (No) 2 881.0 www.pppindiadatabase.com Notified as of January 2013, SEZs (No) 3 386.0 www.sezindia.nic.in

PPP: Public Private Partnership, SEZ: Special Economic Zone At current prices, Goa’s gross state domestic product GSDP of Goa at current prices (in US$ billion) (GSDP) was about US$ 7.5 billion during 2011-12.

CAGR 7.4 7.5 The GSDP grew at a compound annual growth rate 16.0%* 6.1 (CAGR*) of 16.0 per cent over 2004-05 and 2011-12. 5.5 4.9

3.6 Goa’s economic growth is driven by the strong performance 3.2 of industrial sectors such as mining, tourism and 2.8

pharmaceuticals.

2004-2005 2005-2006 2006-2007 2007-2008 2008-2009 2009-2010 2010-2011 2011-2012

Source: Economic Survey of Goa, 2012-2013 *In Indian rupee terms Goa’s net state domestic product (NSDP) was about US$ NSDP of Goa at current prices 6.3 billion over 2011-12. (in US$ billion)

The NSDP grew at a compound annual growth rate 6.3 (CAGR*) of 15.5 per cent over 2004-05 and 2011-12. 6.3 CAGR 5.3 15.5%* 4.8 4.2 3.2 2.8

2.4

2004-2005 2005-2006 2006-2007 2007-2008 2008-2009 2009-2010 2010-2011 2011-2012

Source: Economic Survey of Goa, 2012-2013 *In Indian rupee terms The state’s per capita GSDP was US$ 4166.3, one of the GSDP per capita of Goa at current prices highest in India, over 2011-12. (in US$)

Goa’s per capita GSDP increased at a compound annual 4,166.3 growth rate (CAGR*) of 12.3 per cent between 2004-05 and CAGR 4,210.9 2011-12. 12.3%* 3,398.1 3,633.0 3,100.9 2,405.4 2,195.0

1,979.1

2004-2005 2005-2006 2006-2007 2007-2008 2008-2009 2009-2010 2010-2011 2011-2012

Source: Economic Survey of Goa, 2012-2013 *In Indian rupee terms The state’s per capita NSDP was US$ 3,501.0, one of the NSDP per capita of Goa at current prices highest in India, during 2011-12. (in US$)

Goa’s per capita NSDP increased at a CAGR* of 11.8 per CAGR 3,620.0 3,501.0 cent between 2004-05 and 2011-12. 11.8%* 2,961.6 3,146.3 2,701.5 Certain factors, such as substantial foreign exchange 1,913.3 2,095.5 earnings from mining and tourism industries, contributed to 1,712.3

the high per capita NSDP in the state.

2004-2005 2005-2006 2006-2007 2007-2008 2008-2009 2009-2010 2010-2011 2011-2012

Source: Economic Survey of Goa, 2012-2013 *In Indian rupee terms During 2011-12, the tertiary sector accounted for 46.2 per GSDP composition by sector cent (US$ 3.4 billion) of GSDP, followed by secondary (30.1 per cent; US$ 2.2 billion), and primary (23.7 per cent; US$ CAGR* 1.7 billion).

45.2% 16.0% 46.2% At 27.0 per cent, the primary sector had the highest growth among all three sectors between 2004-05 and 2011-12. It was followed by the tertiary sector (16.0 per cent), and secondary (10.1 per cent). 30.1% 10.1% 42.5% Growth in the tertiary sector has largely been driven by the tourism industry, which facilitated growth of other related 27.0% 23.7% 12.3% industries such as banking and financial services, real estate and business services. 2004-05 2011-12 Primary sector Secondary sector Tertiary sector

Source: Economic Survey of Goa, 2012-2013 * In Indian rupee terms Rice is the major crop in the state followed by coconut, Annual production vegetables, sugarcane, banana and cashew nut. Crop 2012-13 (in tonnes)^

Over 2011-12, the rice production in Goa totaled 121,753 Rice 121,753* tonnes. Coconut 88.96**

Vegetables 78,308 Groundnut is the principal field oil seed crop in the state. Sugarcane 46,584* Coconut production in Goa totaled 88.96 million nuts during Banana 25,885 2012-13. Cashew nut 29,950

Cashew processing has been a traditional industry in the Mango 8,542 state. Cashew apple is also used in the production of feni, a Groundnuts 8,000* local liquor, which has become internationally popular. Cashew nut production totaled 29,950 tonnes over 2012-13. Pulses 8,286* Pineapple 4,580

Source: Economic Survey of Goa, 2012-13, Goa Economy in Figures – 2012, Directorate of Agriculture, Goa, *As of 2011-12, **Million nuts, ^Second advanced estimates Mining and mineral products are major exporting items from Fisheries exports from Goa the state. 90.0 50.0 40.0 80.0 Tourism is a key foreign-exchange earning sector for the 37.8 37.2 40.0 state. 70.0 60.0 27.0 30.0 50.0 In 2012, fish exports from the state reached around 40,000 21.5 40.0 tonnes, realising foreign exchange worth US$ 76.9 million. 72.7 76.9 20.0 30.0 60.9 18.3 49.2 42.6 Goa is a major iron ore exporting state in the country. 20.0 10.0 During 2011-12, iron ore exports from Goa were estimated 10.0 20.6 at 43.3 million tonnes (worth US$ 4.5 billion). 0.0 0.0 2007 2008 2009 2010 2011 2012

Value (US$ million, LHS) Quantity (Thousand Tonnes, RHS)

Source: Economic Survey of Goa, 2012-2013 According to the Department of Industrial Policy & Break up of outstanding investments by sectors Promotion (DIPP), FDI inflows for Goa totaled US$ 771 (2012-13) million from April 2000 to March 2013.

2% Services During 2012-13, outstanding project investments in the state 6% were US$ 13.6 billion, with the services sector accounting 8% for 71.7 per cent. Manufacturing

Some of the large projects under construction include the 12% ’s Sky Bus metro rail, the Tillari irrigation Irrigation project, and a part of Power Grid Corporation’s Western Grid Strengthening Scheme-II. Real Estate 72% Major projects under planning stage include Mopa airport, Panaji-Vasco sea link, Oceanarium and water augmentation Others project.

Others include mining and electricity Source: CMIE The state had a road density of 285.5 km per 100 sq km of area, as of March 2012.

Goa has earmarked an outlay of US$ 234 million towards the development of roads and bridges in its 12th Five Year Plan (2012-17).

Road length (km) – Road type As of March 2011 National highways 269* Roads under PWD 5,044.58

Roads under municipalities 381.74

As of March 2012, total length of roads in the state was Roads under panchayats 4,724.17 10,768.18 kms. Roads under forests 74.13 Goa had a total of 269 km of National Highways, as of June 2012. Source: Maps of India, Ministry of Road Transport & Highways, Economic Survey of Goa 2011-12 NH-17 runs along India's West Coast and links Goa to PWD: Public Works Department , *As of March 2013 Mumbai in the north and Mangalore to the south. NH-4A running across the state connects the capital Panaji to Belgaum (Karnataka) in East. The total railway-route length in Goa is around 69 km consisting two rail tracks, the Konkan Railways line and the South-Western Railways line; which connect it 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 helped tourism considerably.

The port is connected through a broad gauge line.

Source: Maps of India Goa has only 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.

It ranks among the top ten 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 3,156,536 passengers and handled 24,162 flights during 2012-13*.

The state is planning to construct a new international airport at Mopa, in the , on Build-Own-Operate- Transfer (BOOT) basis. The land acquisition for the project in in the final stages and the airport is expected to be operational by 2016.

Source: Airports Authority of India *Data from April 2012 till February 2013 Goa has 255 km of rivers and canals, providing an economical mode for goods transport. Ports

The River Navigation Department was established to Major ports • Mormugao provide safe, dependable and affordable transport facilities • Panaji on different ferry routes of Goa’s inland waters. • Chapora Minor ports • Betul

The Mormugao harbour, a multi-purpose general cargo • Talpona berth situated in the port town of Vasco-da-Gama, handles • Tiracol local and international maritime-cargo traffic.

During 2012-13, the Mormugao port handled a cargo traffic Source: Ministry of Shipping, Government of India of around 17.7 million tonnes, which was around 3 per cent Indian Ports Association of total cargo traffic handled by India’s 13 major ports.

About 7.4 million tonnes of iron ore was exported over 2012-13 from the Mormugao port to China, Japan and Italy.

Iron ore exports from the Mormugao port accounted for 27.4 per cent of total iron ore exports from all ports in India. As of May 2013, Goa had a total installed power generation Installed power capacity (MW) capacity of 430.02 MW. The state had per capita power consumption of 1,883.8 kWh over 2011-12.

430.0 430.0 Goa is one of the few states in India to achieve 100 per cent rural electrification. 400.2

380.9 386.9 The state generates power from its 48 MW naphtha-based plant of Reliance Infrastructure Limited and it depends, 357.2 largely, on the power allocated from the central generating stations.

The industrial sector is the largest consumer of electricity, followed by the domestic sector. 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14

The Goa Electricity Department controls power infrastructure in the state. Source: Central Electricity Authority

The state has received an allocation of a coal block in Chhattisgarh from the Government of India, which has a power generating capacity of 1800 MW. Under the agreement with the developer of the block, Goa is entitled to receive minimum power of 270 MW. Goa is among the few states in the country to have 100 per cent automatic telephone systems with a good network of Telecom infrastructure (2011-12) telephone exchanges. # Post offices 263

Goa has a fiber-optic cable network spread through the Public call offices (PCOs)^ 4,157 state; it provides high-speed access for a wide range of internet-related services. Telephone connection^ 150,654*

As of December 2010, Goa had 150,654 telephone Mobile connection^ 179,927* connections and 179,927 mobile connections of Bharat Sanchar Nigam Limited (BSNL).

As of March 2011, there were 137 telephone Some of the major telecom service providers exchanges/telex (BSNL) in the state. Bharat Sanchar Nigam Limited (BSNL) Tata Indicom Bharti Airtel Aircel Limited Reliance Communications

Sources: Economic Survey of Goa, 2010-11, Goa Economy in figures – 2012, India Post *As of December 2010 ^Relates to BSNL, #As of January 2013 Panaji is one of the 65 cities identified under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM). Water supply • The supply of water in urban areas of Goa is 143 The JNNURM city development plan has identified several litres per capita per day (LPCD) and 82 LPCD in the infrastructure projects, with the bulk of investments to be rural areas. made in the areas of water supply, urban environment, traffic and transportation. • Goa’s water tariffs are among the cheapest in the country. Under the Jawaharlal Nehru National Urban Renewal • Mission (JNNURM), two projects costing around US$ 15.6 The state has proposed an investment outlay of US$ 160.1 million for water supply and sanitation million have been sanctioned for Panaji. Areas of th projects in its 12 Five-Year Plan (2012-17). development under these projects are heritage conservation for the city of Panaji and water supply for Panaji city and surrounding areas under the jurisdiction of the corporation of the city of Panaji at Goa. Source: JNNURM, Ministry of Urban Development, www.urbanindia.nic.in, Public Works Department of Goa Investment Contract authority Project PPP type Stage (US$ million) Ports Captain of Ports, Goa Cruise terminal at Aguada 6.5 BOT-Annuity Under construction

Construction of berth 5A and 6A at Mormugao Mormugao Port Trust, Goa 47.8 BOT-Toll In operation port Mormugao Port Trust, Goa Development of coal terminal at Mormugao port 48.5 DBFOT Approved Roads Construction of four/six lanes of Ministry of Road Transport & Maharashtra/Goa border to Panaji- 410.7 BOT-Toll Under construction Highways Goa/Karnataka border of section NH-17

Ministry of Road Transport & Four-laning of Goa/Karnataka border-Panaji, 78.7 BOT-Toll Under construction Highways Goa stretch of NH-4A Airport

Government of Goa New international airport at Mopa in North Goa 460.3 BOOT In planning

Sources: http://www.pppindiadatabase.com, National Highways Authority of India, Mormugao Port Trust, Goa BOT: Build-Own-Transfer, BOOT: Build-Own-Operate-Transfer As of March 2013, Goa had seven formally approved and three notified special economic zones (SEZ).

Once ready, 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; there is at least one industrial estate in each taluka. The state is also planning to establish 20 additional industrial estates.

Land acquisition of 1,777,593 square metres for expansion of industrial estates at Sancoale, Madkai, Tuem, Colvale & Verna as well as for setting up of new industrial estates at Dhargal in Pernem taluka and Poinguinim in taluka in line with the Regional Plan for Goa 2021, is in progress. The state government is also planning to set up new industrial estates at Tuem Phase III and Tuem Phase IV, Sancoale Phase IV, Sircaim () and Latambarcem ().

The state government, in its notifications issued in 2012; named Goa-IDC Allotment Regulations, 2012, has provided guidelines for the allotment process in industrial estates to make the procedure completely transparent.

Source: www.sezindia.nic.in Goa Industrial Development Corporation Notified special economic zones (SEZ)s

Name/developer Primary industry Location

Meditab Specialities Private Limited Pharmaceuticals Goa

Penisula Pharma Research Centre Pvt Biotechnology Mormugao Ltd

K Raheja Corp Pvt Ltd IT/ITeS Verna

Special economic zones (SEZs) with formal approval

Industry Location SEZ (No)

Biotechnology Verna, Sancoale 2

IT/ITeS Verna, Bardez 2

Pharmaceuticals/chemicals Tal-ponda 1

Services Verna 1

Gems and jewellery Verna 1

Source: www.sezindia.nic.in Taluka Industrial estate

Ponda Bethora, Madkaim, Kundaim, Shiroda Pernem Tuem

Bardez Colvale, , 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 The state has a literacy rate of 87.4 per cent according to the provisional data of Census 2011; the male literacy rate Literacy rate (%) is 92.8 per cent and the female literacy rate is 81.8 per cent. Total 87.4

Over 2011-12, the student enrolments at the primary, Male 92.8 middle and secondary school levels were 100,256, 75,863 and 63,603, respectively. Female 81.8

As of 2011-12, the state had 1,232 primary schools, 444 middle schools, 380 secondary school and 86 higher secondary schools. Some of the higher education institutions

Goa is planning to set up an Indian Institute of Science, • Shree Rayeshwar Institute of Engineering and Education and Research, an Indian Institute of Technology Information Technology and an Indian Institute of Management by 2035; to become • Padre Conceicao College of Engineering a leading educational hub in the country. • National Institute of Oceanography • Parvatibai Chowgule College of Arts & Science • Don Bosco College • St. Xavier’s College • BITS Pilani Goa campus

Sources: Economic Survey of Goa, 2010-11, Goa Economy in Figures – 2012 Leading engineering, business management, medical and legal institutes are present in Goa. Educational infrastructure - 2011-12 (provisional) Primary schools 1,232 The Maritime School, under the Captain of Ports Department, Government of Goa, is among the first of its Middle schools 444 kind in the country. Secondary schools 380 As of 2011-12, the state had 33 vocational and professional institutes, 29 universities and colleges for professional Higher secondary schools 86 education, 21 universities and colleges for general education and four teachers training institutes. Vocational and professional institutes 33

The state government is planning to set up its second Teachers training institutes 4 medical college in an under-construction district hospital at Universities & colleges for general Margao. 21 education Goa College of Pharmacy, set up in 1842, is one of the Universities & colleges for professional oldest institutes in India. It offers bachelor’s, master’s and 29 education diploma level courses in pharmacy. In 2012, the institute had 60 seats for bachelor's degree, 60 seats for diploma Industrial training institutes (ITIs) 15* and 23 seats for master’s degree in various fields of pharmacy.

Sources: Goa Economy in Figures 2012, Goa at a Glance 2010, *As of 2009-10 Goa College of Pharmacy, Government of Goa The state has better health ratios as compared to the rest of the country. Annually, around 271^ persons are served per Health infrastructure (As of 2011-12) hospital bed. Hospitals 161 Some of the renowned hospitals in the state include Apollo Victor Hospital in Margao, Manipal Hospital in Panaji and Community health centres 5 Vrundavan Shalby Hospital in Mapusa. Primary health centres 20

A new district hospital with a capacity of 500 beds is under Sub-centres 205 construction in Margao. The state government is targeting Dispensaries 30 to start operations at this hospital by the end of 2014. Total beds in hospitals 5,336

Health indicators (2011)

Population served per hospital bed 271^ (2011-12)

Birth rate* 13.3

Death rate* 6.7

Infant mortality rate** 11

Sources: Goa Economy in Figures - 2012, Sample Registration System (SRS) Bulletin 2012 (www.censusindia.gov.in), *Per thousand persons, **Per thousand live births, ^Only government sector has been considered 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 Portugese rule. Some of the famous churches include Church of St. Francis Of Assisi, (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 and the Vasco Sports Club.

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

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, both, for traditional forms of performance arts such as Natak, and Zagor, as well as for modern art forms such as Goan trance.

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

Industry clusters Industries

Rubber, plastics, petroleum products, pharmaceuticals, electronics and Verna telecommunication equipment Engineering, oil products, plastics, leather, textiles, food processing, soaps and Bicholim agro products Rubber, plastics, petroleum products, pharmaceuticals, steel fabrications and Kundaim aluminum furniture Printing, plastics, herbal hair oils, cosmetics, ice blocks, engineering items and Margao industrial diamond tools

Mormugao Shipbuilding and repair

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

Vasco Shipbuilding and repair

Source: Goa Industrial Development Corporation Apart from having an established iron ore mining industry, Goa has emerged as a manufacturing base for several Number of enterprises registered during 2006-12 leading companies in areas such as fertilisers, tyres and (up to December 2012) tubes, cement, electrical machinery, fish-net making machines, automatic washing machines, printed circuit Parameter Micro Small Medium boards, pharmaceuticals and pharmaceutical machinery. Units (no) 3,176 280 20 Mining (iron ore and manganese), pharmaceuticals, iron and Proposed investment steel industries are present in North Goa while mining and 36.83 67.91 19.62 shipbuilding industries are present in South Goa. (US$ million)

Expected Tourism is the largest segment in the services sector; the employment 25,784 12,077 1,794 Goa Tourism Development Corporation (GTDC) is generation (no) responsible for promoting tourism in the state.

As of January 2013, the state had 7,621 micro, small and Key industries In Goa medium enterprises (MSMEs) and 189 large scale • Tourism industries. • Food processing

• IT/ITeS Over 2011-12 (up to November 2011), 409 entrepreneurs • Mining have filed Entrepreneurs Memorandum Part–I with a proposed investment of US$ 20.50 million in the state. • Biotechnology • Pharmaceuticals • Fishing

Source: Economic Survey of Goa, 2012-13 • The cluster is run by the Goa Manufacturers’ Association (GPMA) and accounts for around 12 per cent of the medicines produced in the country. • Principal products manufactured are tablets, capsules, ointments, liquid orals and injectibles. Pharmaceutical Cluster • The cluster has an annual growth rate of 18-20 per cent and currently 40 units are functioning under the cluster. • Total revenues of US$ 2,085.9 million and exports of US$ 1,043.0 million have been recorded in 2011-12. • Fixed investment of US$ 104.3 million have been made.

• Cluster is run by Goa Cashew Entrepreneurs’ Welfare Society with 300 functional units • Cashew kernel is the major product manufactured. Cashew Cluster • Total revenues of US$ 9.4 million and exports of US$ 3.1 million recorded in 2011-12 • Fixed investment of US$ 5.2 million has been made. • It has an employment potential of 45,000 man days.

Source: Ministry of MSME, Government of India Despite being a small state and a late starter in the IT industry, Goa is ideally placed to capitalise on the Some of the key players opportunities available in the sector. • Smartlink Network Systems Ltd • Zenith Computer Pvt Ltd It is one of the most literate states in India, with a literacy • PCS Technology Ltd rate of over 87.0 per cent; most are conversant with • Crompton Greaves the English language, which is the lingua franca for the IT industry.

The state is close to several business centres, such as Rajiv Gandhi IT habitat ,Dona-Paula Mumbai, Pune and Bangalore, of the country that provide opportunities for growth. • Situated seven kilometers away from the state capital of Panaji. The offers a postgraduate course in • Developed on an area of around 95 acres with the computer sciences, and there are over 250 other institutes aim to attract IT/ITeS/BPO/KPO industries. imparting IT training and education. • IT habitat is expected to attract investments to the tune of US$ 147-184 million. Info Tech Corporation of Goa Ltd, an undertaking of the • Government aims to create employment for 10,000- state government, is planning to redesign Rajiv Gandhi IT 12,000 persons through this park. Habitat at Dona Paula that has been built to attract IT/ITeS/BPO/KPO industries. Source: The Directorate of Industries, Trade and Commerce, Government of Goa, http://www.infotechgoa.com/ • Formerly, D-Link (India) Private Limited. Smartlink Network Systems Ltd is one of the India’s Smartlink Network leading networking companies, offering an integrated value proposition that includes design and Systems Ltd development, manufacturing, sales & marketing and service & support. It was established in 1993. • The company has certified state-of-the-art manufacturing plants and a software and research & development centre at Verna in Goa. In 2011-12, the company had total revenue of US$ 14.46 million. It has 17 branch offices in the country. As of March 2012, the company had 497 full time employees.

Zenith Computer Pvt Ltd • The company was established in 1980 and is among 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 the Sancoale Industrial Estate, Zuari Nagar.

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. It had gross revenues of US$ 27.77 million over 2011-12. It 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.

Crompton Greaves Ltd • Crompton Greaves Ltd is a part of the US$4 billion Avantha Group, and specialises in electrical, industrial and consumer electronics equipments. The company had revenues of US$ 2.34 billion in 2011-12. It has over 20 manufacturing units in the country, four of which are located in Goa. The mining belt of Goa covers an area of approximately 700 sq km and is mostly concentrated in the four talukas of Some of the key players Bicholim, , Sanguem and Quepem. • Sesa Goa

• The Dempo Group Goa is the second largest iron ore producer in India, with a production of 34.4* million tonnes over 2011-12. The state • V.M. Salgaocar and Company Ltd accounted for 20.3 per cent of total iron ore production in • V.S. Chowgule and Company Ltd India.

Mining (especially of iron ore), along with tourism, is an Source: Ministry of Mines, Ministry of MSME, important industry; the state accounted for over 70.0 per Government of India, cent of the country’s total iron ore exports (43.3* million * Provisional tonnes over 2011-12).

Most mines in Goa are of the open-cast type, which necessitates the removal of over-burden overlying the iron- ore formations.

Iron, manganese and bauxite ores are the major minerals found in Goa. The state produced 850,000 tonnes of bauxite and 19,000 tonnes of manganese ore over 2011-12. • Sesa Goa is a well known mining company in India. It is the flagship company of the Sesa Goa Ltd Vedanta Group and is India's largest exporter of iron-ore 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, Sesa Goa has diversified into manufacturing of pig-iron and metallurgical coke. As of March 2012, Sesa Goa has the rights to exploration & production of an estimated 374 million tonnes of iron ore. In 2011-12, the company produced 13.8 million tonnes of iron ore, which generated revenues of US$ 1.56 billion. Apart from Goa, it has mining operations in Karnataka.

The Dempo Group • The Dempo Group is one of the state’s leading mining and export companies. It has two subsidiaries for 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.

V.M. Salgaocar & Bro • The company was founded in 1952 as a mining and export company. It is one of the leading Pvt Ltd 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 in the process of iron ore extraction.

V.S. Chowgule and • Chowgule Mining Division is a part of the Chowgule Group. The company has mines and Company Ltd three beneficiation plants in Goa (at Pale, Tudou and Costi). Chowgule’s run-of-mine ore production exceeds 5 million tonnes per annum and its beneficiation plants produce over 3.5 million tonnes of iron-ore and pellets every year. Goa's pharmaceuticals industry generated revenue of US$ 2.1 billion over 2011-12; the state accounts for about 12 per Some of the key players cent of India's pharmaceutical production. • Ranbaxy Laboratories Ltd

• Aventis Pharma Ltd The pharmaceuticals industry is one of the major employers in the state. • Blue Cross Laboratories Ltd • Cipla Ltd A large number of companies, such as Cipla, Aventis and Blue Cross, have set up manufacturing facilities in Goa. Source: Ministry of MSME, Government of India 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. • Ranbaxy is among India’s leading pharmaceutical companies with business operations in Ranbaxy 43 countries and manufacturing facilities in eight countries. It has a manufacturing facility at Laboratories Ltd Ponda, Goa, where it manufactures steroidal, non-steroidal creams, ointments and lotions and non-beta-lactom tablets. In 2008, Japanese conglomerate Daiichi Sankyo Company Ltd became the largest shareholder in Ranbaxy. The company generated revenue of US$ 2.3 billion in 2012.

Aventis Pharma Ltd • Established in May 1956, Aventis Pharma Ltd has Sanofi-Aventis and Hoechst GmBH as 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$ 297.2 million in 2011.

• Established in 1981, Blue Cross has carved a significant niche for itself in the Indian Blue Cross Laboratories pharmaceuticals market. In addition to its plant in Nashik, the company has a 12,000 sq m Ltd 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. The annual sales turnover of the company is around US$ 52 million and it has an employee strength of over 1,000. • Established in 1935, Cipla is one of the oldest pharmaceutical companies in the country. It Cipla Ltd manufactures and markets bulk drugs and formulations. It posted revenues of US$ 1.5 billion in 2011-12 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. It has been earmarked to produce the company’s entire range of anti- cancer and hormonal drugs. Goa is a globally recognised tourist destination, famous for Tourist arrivals in Goa (in million) its beaches and cultural diversity.

A blend of eastern and western culture, friendly and 0.45 0.44 0.45 0.39 0.38 hospitable people and the common use of English as a 0.35 prominent language make Goa a veritable tourist paradise.

Tourism is a key economic activity of Goa. It has contributed 2.23 2.34 substantially to the economic development of the state in 2.21 2.02 2.13 2.20 terms of employment generation and foreign exchange earnings.

Innovative marketing strategies to project Goa as an all-time 2007 2008 2009 2010 2011 2012 leisure destination have resulted in higher tourist inflows Domestic Foreign over the years.

In 2012, the state attracted 2.8* million tourists, of which Source: Department of Tourism, Government of Goa 450,530 were foreign tourists. Economic Survey of Goa, 2012-13 *Provisional As of December 2012, Goa had 2,777 hotels, with a total of 26,859 rooms and a bed capacity of 49,167.

The state government has been proactive in encouraging public-private partnerships for promoting tourism by instituting a corpus fund. Goa has a coastline of about 104 km and inland waterways Annual fish catch (‘000 tonnes) of about 255 km. 100.0 4.5 91.1 The coast is full of creeks and estuaries formed by rivers; 88.7 90.0 87.0 86.6 over 86,628 tonnes of marine fish and 3,887 tonnes of inland 4.0 fish were harvested in 2012. 80.6 86.2 3.9 80.0 3.5 Goa is a major exporter of sea-food to the US, Japan, China, 3.5 Middle East and the European countries. Fish exports from 70.0 3.3 the state increased to 40,000 tonnes (US$ 76.9 million) in 3.2 3.0 60.0 2012 from 37,827 tonnes (US$ 72.7 million) in 2011. 3.0 3.0

The fisheries sector recorded the highest growth rate at 41.8 50.0 2.5 2007 2008 2009 2010 2011 2012 per cent over 2011-12. Marine (LHS) Inland (RHS) The government has made significant development to provide and improve landing and berthing facilities to both Source: Economic Survey of Goa, 2012-13 traditional fishermen and fishing boat operators.

The fishing industry in the state mainly comprises of mechanised vessels, fish processing plants, marketing network and shrimps farms which are mainly in the private sector. The state has been developing the necessary infrastructure required for the industry. Agency Description

Goa Industrial • It has been established with the purpose of securing land and assisting in fast and orderly Development Corporation establishment of industries in the 20 designated industrial areas and estates. (GOA-IDC)

• This is a state government-promoted financial institution to operate and manage Economic Development government promoted financial schemes. Corporation • It acts as an investment company and provides financial assistance to entrepreneurs for starting as well as expanding business units.

The Goa State • This was set up as a Special Purpose Vehicle (SPV), with the basic aim to develop Infrastructure Development infrastructure in a time-bound manner. Corporation

• It promotes traditional arts and crafts, fashioned by the state’s artists and artisans. Goa Handicrafts Rural and • It performs functions related to procurement and distribution of indigenous and imported Small Scale Industries raw material, especially for small scale units. Development Corporation • It has been instrumental in starting the “Deen Dayal Swayamrojgar Yojana”, a scheme to develop self-employment opportunities for the youth. Agency Description

• It promotes tourism and related activities in Goa. Goa Tourism Development Corporation • It focuses on developing eco-tourism, heritage tourism, adventure tourism, medical tourism and event tourism.

• It promotes investments in export-oriented projects, especially for the cultivation of exotic Goa Horticulture fruits and vegetables, floriculture, etc. Corporation • It is entrusted with development of horticulture estates and establishment of sales outlets for local produce through establishments called “Krishi Ghars”.

Info Tech Corporation of • It looks after the development of IT-related infrastructure, ITeS and implementation of e- Goa Ltd (ITG) governance objectives of the government. Agency Contact information

Udyog Bhavan, Panaji- 403 001 Directorate of Industries, Trade and Commerce Goa Phone: 91-832-2226377 Website: http://www.goaditc.gov.in/

Narayan Rajaram Bandekar Bhavan, T.B Cunha Road, P.O. Box 59, Panaji - 403 001 Goa Chamber of Phone: 91-832-2424252 Commerce & Industry E-mail: [email protected] Website: http://www.goachamber.org/ Approvals and clearances required Departments to be consulted Estimated time in days

Incorporation of company Registrar of Companies NA

High Powered Coordination Committee (HPCC) for Registration, Industrial Entrepreneurs large and medium-sized projects; Director- NA Memorandum (IEM), industrial licences Industries, Trade and Commerce for small and micro projects

Allotment of land Goa-IDC 8 to 15

Permission for land use Goa-IDC 8 to 15

Goa State Pollution Control Board and Ministry of Site environmental approval 60 Environment and Forests

No objection certificate and consent Goa State Pollution Control Board 7 to 14 under Water and Pollution Control Acts Approvals and clearances required Departments to be consulted Estimated time in days

Approval of construction activity and Town and Country Planning Authority 30 building plan

Sanction of power State Electricity Department Up to 60

Registration under the State Sales Tax Sales Tax Department and Central and State NA Act and Central and Excise Act Excise Department The Goa Industrial Policy 2003, has revamped the single-window clearance mechanism in the state. A high powered coordination committee, chaired by Goa’s Chief Minister, has been constituted 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 the small scale industries. The Goa-IDC and the District Industries Centre act as nodal agencies for the various projects in the state. Goa-IDC handles the creation of SEZs in the state.

UNDER THE NODAL INVESTMENT HANDLED CHAIRMANSHIP OF AGENCY

Goa Industrial High powered Greater than The Chief Development coordination Corporation US$ 1.09 million committee Minister (Goa-IDC)

Department of Director of District Below US$ 1.09 Industries, Industries, Trade Industries Trade and million Centre Commerce and Commerce Cost parameter Cost estimate

Industrial land (per sq ft) US$ 10-50

Office-space rentals US 60 cents to US$ 2 (per sq ft per month)

Residential rentals US$ 800-1300 (for a 2,000 sq ft house per month)

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

Sources: 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 The government of Goa is presently working on the drafting of a new industrial policy to be implemented in 2013 in order to boost investor confidence and to attract new industries to Goa.

Objectives of the new industry policy, 2013, are to encourage the setting up of industries, which are non-polluting and employment-oriented with the new thrust areas identified as electronics and pharmaceuticals.

Furthermore, 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 also 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. Biotech Policy 2006

Objective • 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

Goa Special Economic Zone Policy 2006

Objective • To augment infrastructure facilities for boosting exports. Read more IT Policy 2005

Objective • To improve productivity in government offices, provide efficient service to citizens at reduced costs and to increase export earnings from software, computers, computer peripherals, telecom and IT enabling services by encouraging industries through fiscal and regulatory benefits. Read more

Industrial Policy 2003

Objectives • 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 Exchange rates

INR equivalent of one Year US$

2004-05 44.95

2005-06 44.28

2006-07 45.28

2007-08 40.24

2008-09 45.91

2009-10 47.41

2010-11 45.57

2011-12 47.94

2012-13 54.31

Average for the year India Brand Equity Foundation (IBEF) engaged Aranca to prepare this presentation and the same has been prepared by Aranca in consultation with IBEF.

All rights reserved. All copyright in this presentation and related works is solely and exclusively owned by IBEF. The same may not be reproduced, wholly or in part in any material form (including photocopying or storing it in any medium by electronic means and whether or not transiently or incidentally to some other use of this presentation), modified or in any manner communicated to any third party except with the written approval of IBEF.

This presentation is for information purposes only. While due care has been taken during the compilation of this presentation to ensure that the information is accurate to the best of Aranca and IBEF’s knowledge and belief, the content is not to be construed in any manner whatsoever as a substitute for professional advice.

Aranca and IBEF neither recommend nor endorse any specific products or services that may have been mentioned in this presentation and nor do they assume any liability or responsibility for the outcome of decisions taken as a result of any reliance placed on this presentation.

Neither Aranca nor IBEF shall be liable for any direct or indirect damages that may arise due to any act or omission on the part of the user due to any reliance placed or guidance taken from any portion of this presentation.