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Second largest iron oreproducer

Goa was the second largest producer of iron ore in India during 2011-12. The stateproduced 20.3 per cent of the countrys total iron ore and exported over 70.0 per cent ofoutput.

Leading medicine

manufacturer

Goa accounts for around 12 per cent of total medicines produced in India. The states

pharmaceuticals industry generated revenue of US$ 2.1 billion over 2011-12.

Strong economic growth Goa is one of the fastest growing states in the country. It had the second highest per

capita NSDP in the country during 2011-12.

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

Source: Economic Survey of Goa 2012-13, Aranca Research

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Strong growth infisheries sector

The fisheries sector in Goa recorded the highest growth rate of 41.8 per cent among allsectors during 2011-12. Fish exports from the state increased to 40,000 tonnes in 2012from 37,827 tonnes in 2011.

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 states in thecountry to achieve 100 per cent rural electrification.

Fourth highest roaddensity in India

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

High literacy rate According to 2011 census provisional data, Goa has the fourth highest literacy rate in thecountry 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,Government of India, Aranca Research

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The engineering sector is delicensed;100 per cent FDI is allowed in thesector

Due to policy support, there wascumulative FDI of USD14.0 billion intothe sector over April 2000 February2012, making up 8.6 per cent of totalFDI into the country in that period

Growing demand

High economic growth

Average GSDP growth rate was atabout 16.0 per cent between 2004-05 and 2011-12

The state has one of the highest percapita incomes in the country.

Facilitating infrastructure

Goa has a well-developed social,physical and industrial infrastructureand virtual connectivity.

It has an international airport that isin line with its importance as a

globally-recognised leisure destination. It also has significant

port infrastructure.

Rich labour pool

Goas high rate of literacy hasattracted knowledge-based industriessuch as pharmaceuticals,biotechnology and IT.

Moreover, a large proportion of thepopulation can speak English, whichhelps boost the states tourism andITeS industries.

Strong presence in mining,tourism and pharmaceuticals

Abundant reserves of iron-ore

Established base for thepharmaceuticals industry and anemerging destination forknowledge-based industries suchas biotechnology and IT

High inflow of international touristsdriving tourism revenue

2011-12

Installedpower

capacity:

430 MW

2021F

Powerdemand

Forecast:

708 MW

AdvantageGoa

GSDP : Gross Domestic State Product

Source: Economic Survey of Goa, 2012-13, Planning commission of India

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Goa is located in the western region of India. The state

shares a border with the Arabian Sea to the west,Maharashtra to the north and Karnataka to the south andthe east.

Languages spoken are Konkani, Marathi, Portuguese, Hindiand English.

Goas administrative headquarters are located at Panaji(which is also the state capital) and Margao. The state has

two districts: North Goa and South Goa.

Goa has a tropical climate with a monsoon season, whichlasts from June to September. Due to its long coastline, theweather 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 sqkm)*

394

Total population (million)* 1.46

Male population (million)* 0.74

Female population (million)* 0.71

Sex ratio (females per 1,000 males)* 968

Literacy rate (%)* 87.4

Sources: Government of Goa Website: www.goa.gov.in,*Provisional data Census 2011

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Parameter Goa All-States Source

Economy 2011-12 2011-12 2012-13

GSDP as a percentage of all states GSDP 0.4 100 100Planning Commission Databook,

current prices

Average GSDP growth rate (%)* 16.0 15.9 15.6**Planning Commission Databook,

2004-05 to 2011-12, current prices

Per capita GSDP (US$) 4,166.3 1,434.8 1,414.2 Planning Commission Databook,current prices

Physical Infrastructure

Installed power capacity (MW) 430.0 225,133.1 Central Electricity Authority, as of May 2013

National Highway length (km) 269 79,116Ministry of Road Transport & Highways,

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

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Parameter Goa All-States Source

Investment

FDI equity inflows (US$ billion) 0.8 193.4Department of Industrial Policy & Promotion,

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

SEZs (No) 3 386.0Notified as of January 2013,

www.sezindia.nic.in

PPP: Public Private Partnership, SEZ: Special Economic Zone

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2.83.2

3.6

4.95.5

6.1

7.4 7.5

2004-2005

2005-2006

2006-2007

2007-2008

2008-2009

2009-2010

2010-2011

2011-2012

At current prices, Goas gross state domestic product(GSDP) was about US$ 7.5 billion during 2011-12.

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

Goas economic growth is driven by the strong performance

of industrial sectors such as mining, tourism andpharmaceuticals.

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

CAGR16.0%*

Source: Economic Survey of Goa, 2012-2013*In Indian rupee terms

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2.4

2.83.2

4.24.8

5.36.3

6.3

2004-2005

2005-2006

2006-2007

2007-2008

2008-2009

2009-2010

2010-2011

2011-2012

Goas net state domestic product (NSDP) was about US$6.3 billion over 2011-12.

The NSDP grew at a compound annual growth rate(CAGR*) of 15.5 per cent over 2004-05 and 2011-12.

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

CAGR15.5%*


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1,979.12,195.0 2,405.4

3,100.93,398.1 3,633.0

4,210.94,166.3

2004-2005

2005-2006

2006-2007

2007-2008

2008-2009

2009-2010

2010-2011

2011-2012

The states per capita GSDP was US$ 4166.3, one of thehighest in India, over 2011-12.

Goas per capita GSDP increased at a compound annualgrowth rate (CAGR*) of 12.3 per cent between 2004-05 and2011-12.

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

CAGR12.3%*


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1,712.31,913.3

2,095.5

2,701.5

2,961.6 3,146.3

3,620.0 3,501.0

2004-2005

2005-2006

2006-2007

2007-2008

2008-2009

2009-2010

2010-2011

2011-2012

The states per capita NSDP was US$ 3,501.0, one of thehighest in India, during 2011-12.

Goas per capita NSDP increased at a CAGR* of 11.8 percent between 2004-05 and 2011-12.

Certain factors, such as substantial foreign exchange

earnings from mining and tourism industries, contributed tothe high per capita NSDP in the state.

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

CAGR11.8%*


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12.3%23.7%

42.5%30.1%

45.2% 46.2%

2004-05 2011-12

Primary sector Secondary sector Tertiary sector

During 2011-12, the tertiary sector accounted for 46.2 percent (US$ 3.4 billion) of GSDP, followed by secondary (30.1per cent; US$ 2.2 billion), and primary (23.7 per cent; US$1.7 billion).

At 27.0 per cent, the primary sector had the highest growthamong all three sectors between 2004-05 and 2011-12. It

was followed by the tertiary sector (16.0 per cent), andsecondary (10.1 per cent).

Growth in the tertiary sector has largely been driven by thetourism industry, which facilitated growth of other relatedindustries such as banking and financial services, realestate and business services.

GSDP composition by sector

CAGR*

27.0%

16.0%

10.1%

Source: Economic Survey of Goa, 2012-2013* In Indian rupee terms

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CropAnnual production2012-13 (in tonnes)^

Rice 121,753*

Coconut 88.96**

Vegetables 78,308

Sugarcane 46,584*

Banana 25,885

Cashew nut 29,950

Mango 8,542

Groundnuts 8,000*

Pulses 8,286*

Pineapple 4,580

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

Over 2011-12, the rice production in Goa totaled 121,753tonnes.

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

Coconut production in Goa totaled 88.96 million nuts during2012-13.

Cashew processing has been a traditional industry in thestate. Cashew apple is also used in the production of feni, alocal liquor, which has become internationally popular.Cashew nut production totaled 29,950 tonnes over 2012-13.

Source: Economic Survey of Goa, 2012-13, Goa Economy in Figures2012, Directorate of Agriculture, Goa,

*As of 2011-12, **Million nuts,^Second advanced estimates

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20.6

49.242.6

60.972.7 76.9

18.3

21.5

27.0

37.2 37.8

40.0

0.0

10.0

20.0

30.0

40.0

50.0

0.0

10.0

20.0

30.040.0

50.0

60.0

70.0

80.0

90.0

2007 2008 2009 2010 2011 2012

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

Mining and mineral products are major exporting items fromthe state.

Tourism is a key foreign-exchange earning sector for thestate.

In 2012, fish exports from the state reached around 40,000

tonnes, realising foreign exchange worth US$ 76.9 million.

Goa is a major iron ore exporting state in the country.During 2011-12, iron ore exports from Goa were estimatedat 43.3 million tonnes (worth US$ 4.5 billion).

Fisheries exports from Goa

Source: Economic Survey of Goa, 2012-2013

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According to the Department of Industrial Policy &Promotion (DIPP), FDI inflows for Goa totaled US$ 771million from April 2000 to March 2013.

During 2012-13, outstanding project investments in the statewere US$ 13.6 billion, with the services sector accountingfor 71.7 per cent.

Some of the large projects under construction include theKonkan Railways Sky Bus metro rail, the Tillari irrigationproject, and a part of Power Grid Corporations WesternGrid Strengthening Scheme-II.

Major projects under planning stage include Mopa airport,Panaji-Vasco sea link, Oceanarium and water augmentationproject.

Break up of outstanding investments by sectors(2012-13)

72%

12%

8%

6%

2% Services

Manufacturing

Irrigation

Real Estate

Others

Others include mining and electricitySource: CMIE

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As of March 2012, total length of roads in the state was10,768.18 kms.

Goa had a total of 269 km of National Highways, as of June2012.

NH-17 runs along India's West Coast and links Goa toMumbai in the north and Mangalore to the south. NH-4Arunning across the state connects the capital Panaji toBelgaum (Karnataka) in East.

The state had a road density of 285.5 km per 100 sq km ofarea, as of March 2012.

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

Road typeRoad length (km)As of March 2011

National highways 269*

Roads under PWD 5,044.58

Roads under municipalities 381.74

Roads under panchayats 4,724.17

Roads under forests 74.13

Source: Maps of India,Ministry of Road Transport & Highways, Economic Survey of Goa 2011-12

PWD: Public Works Department , *As of March 2013

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The total railway-route length in Goa is around 69 kmconsisting two rail tracks, the Konkan Railways line and theSouth-Western Railways line; which connect it to other partsof the country.

The Konkan Railways line runs from the north to the southand the South-Western Railways line runs from the west to

the east.

The rail tracks cross at the most important junction of thestate, the Madgaon railway station; Vasco-da-Gama is theother important railway station.

Konkan Railways, which connects Mumbai, Goa andMangalore, has helped tourism considerably.

The Mormugao port is connected through a broad gaugeline.

Source: Maps of India

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Goa has only one Airport at Dabolim, which functions as adomestic as well as an international airport. The state isconnected to most Indian cities by air.

It ranks among the top ten in all-India air traffic, most ofwhich is tourism-related.

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

The Goa airport received 3,156,536 passengers andhandled 24,162 flights during 2012-13*.

The state is planning to construct a new international airportat Mopa, in the Pernem taluka, on Build-Own-Operate-Transfer (BOOT) basis. The land acquisition for the project

in in the final stages and the airport is expected to beoperational by 2016.

Source:Airports Authority of India*Data from April 2012 till February 2013

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Goa has 255 km of rivers and canals, providing aneconomical mode for goods transport.

The River Navigation Department was established toprovide safe, dependable and affordable transport facilitieson different ferry routes ofGoas inland waters.

The Mormugao harbour, a multi-purpose general cargoberth situated in the port town of Vasco-da-Gama, handleslocal and international maritime-cargo traffic.

During 2012-13, the Mormugao port handled a cargo trafficof around 17.7 million tonnes, which was around 3 per centof total cargo traffic handled by Indias 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 27.4per cent of total iron ore exports from all ports in India.

Ports

Major ports Mormugao

Minor ports

Panaji Chapora Betul Talpona Tiracol

Source: Ministry of Shipping, Government of IndiaIndian Ports Association

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As of May 2013, Goa had a total installed power generationcapacity of 430.02 MW. The state had per capita powerconsumption of 1,883.8 kWh over 2011-12.

Goa is one of the few states in India to achieve 100 per centrural electrification.

The state generates power from its 48 MW naphtha-basedplant of Reliance Infrastructure Limited and it depends,largely, on the power allocated from the central generatingstations.

The industrial sector is the largest consumer of electricity,followed by the domestic sector.

The Goa Electricity Department controls power

infrastructure in the state.

The state has received an allocation of a coal block inChhattisgarh from the Government of India, which has apower generating capacity of 1800 MW. Under theagreement with the developer of the block, Goa is entitledto receive minimum power of 270 MW.

Installed power capacity (MW)

357.2

380.9 386.9

400.2

430.0 430.0

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

Source: Central Electricity Authority

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Telecom infrastructure (2011-12)

Post offices 263#

Public call offices (PCOs)^ 4,157

Telephone connection^ 150,654*

Mobile connection^ 179,927*

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

Goa has a fiber-optic cable network spread through thestate; it provides high-speed access for a wide range ofinternet-related services.

As of December 2010, Goa had 150,654 telephoneconnections and 179,927 mobile connections of BharatSanchar Nigam Limited (BSNL).

As of March 2011, there were 137 telephoneexchanges/telex (BSNL) in the state.

Some of the major telecom service providers

Bharat Sanchar Nigam Limited (BSNL)

Tata Indicom

Bharti AirtelAircel 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

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

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

Under the Jawaharlal Nehru National Urban RenewalMission (JNNURM), two projects costing around US$ 15.6million have been sanctioned for Panaji. Areas ofdevelopment under these projects are heritage conservationfor the city of Panaji and water supply for Panaji city andsurrounding areas under the jurisdiction of the corporationof the city of Panaji at Goa.

Water supply

The supply of water in urban areas of Goa is 143litres per capita per day (LPCD) and 82 LPCD in therural areas.

Goas water tariffs are among the cheapest in the

country.

The state has proposed an investment outlay ofUS$ 160.1 million for water supply and sanitationprojects in its 12

thFive-Year Plan (2012-17).

Source: JNNURM, Ministry of Urban Development,www.urbanindia.nic.in,

Public Works Department of Goa

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Contract authority ProjectInvestment

(US$ million)PPP type Stage

Ports

Captain of Ports, Goa Cruise terminal at Aguada 6.5 BOT-Annuity Under construction

Mormugao Port Trust, GoaConstruction of berth 5A and 6A at Mormugao

port47.8 BOT-Toll In operation

Mormugao Port Trust, Goa Development of coal terminal at Mormugao port 48.5 DBFOT Approved

Roads

Ministry of Road Transport &Highways

Construction of four/six lanes ofMaharashtra/Goa border to Panaji-Goa/Karnataka border of section NH-17

410.7 BOT-Toll Under construction

Ministry of Road Transport &Highways

Four-laning of Goa/Karnataka border-Panaji,Goa stretch of NH-4A

78.7 BOT-Toll Under construction

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

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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 andestates.

Goa-IDC has established 20 industrial estates; there is at least one industrial estate in each taluka. The state is alsoplanning 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 Canacona taluka inline with the Regional Plan for Goa 2021, is in progress. The state government is also planning to set up new industrialestates at Tuem Phase III and Tuem Phase IV, Sancoale Phase IV, Sircaim (Bardez) and Latambarcem (Bicholim).

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

Source: www.sezindia.nic.inGoa Industrial Development Corporation

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Notified special economic zones (SEZ)s

Name/developer Primary industry Location

Meditab Specialities Private Limited Pharmaceuticals Goa

Penisula Pharma Research Centre Pvt

Ltd

Biotechnology Mormugao

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

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Taluka Industrial estate

Ponda Bethora, Madkaim, Kundaim, 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

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Literacy rate (%)

Total 87.4

Male 92.8

Female 81.8

The state has a literacy rate of 87.4 per cent according tothe provisional data of Census 2011; the male literacy rateis 92.8 per cent and the female literacy rate is 81.8 per cent.

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

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

Goa is planning to set up an Indian Institute of Science,Education and Research, an Indian Institute of Technologyand an Indian Institute of Management by 2035; to becomea leading educational hub in the country.

Some of the higher education institutions

Shree Rayeshwar Institute of Engineering andInformation Technology

Padre Conceicao College of Engineering National Institute of Oceanography

Parvatibai Chowgule College of Arts & Science Don Bosco College St. Xaviers College BITS Pilani Goa campus

Sources: Economic Survey of Goa, 2010-11,Goa Economy in Figures 2012

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Leading engineering, business management, medical andlegal institutes are present in Goa.

The Maritime School, under the Captain of PortsDepartment, Government of Goa, is among the first of itskind in the country.

As of 2011-12, the state had 33 vocational and professionalinstitutes, 29 universities and colleges for professionaleducation, 21 universities and colleges for generaleducation and four teachers training institutes.

The state government is planning to set up its secondmedical college in an under-construction district hospital atMargao.

Goa College of Pharmacy, set up in 1842, is one of theoldest institutes in India. It offers bachelors, masters anddiploma level courses in pharmacy. In 2012, the institutehad 60 seats for bachelor's degree, 60 seats for diplomaand 23 seats for masters degree in various fields ofpharmacy.

Educational infrastructure - 2011-12 (provisional)

Primary schools 1,232

Middle schools 444

Secondary schools 380

Higher secondary schools 86

Vocational and professional institutes 33

Teachers training institutes 4

Universities & colleges for generaleducation

21

Universities & colleges for professionaleducation

29

Industrial training institutes (ITIs) 15*

Sources: Goa Economy in Figures 2012,Goa at a Glance 2010, *As of 2009-10

Goa College of Pharmacy, Government of Goa

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Health indicators (2011)

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

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

The state has better health ratios as compared to the rest ofthe country. Annually, around 271^ persons are served perhospital bed.

Some of the renowned hospitals in the state include ApolloVictor Hospital in Margao, Manipal Hospital in Panaji andVrundavan Shalby Hospital in Mapusa.

A new district hospital with a capacity of 500 beds is underconstruction in Margao. The state government is targetingto start operations at this hospital by the end of 2014.

Health infrastructure (As of 2011-12)

Hospitals 161

Community health centres 5

Primary health centres 20

Sub-centres 205

Dispensaries 30

Total beds in hospitals 5,336

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

Goa has a number of churches, chapels and convents of unmatched architectural beauty; most of these were built duringthe Portugese rule. Some of the famous churches include Church of St. Francis Of Assisi, Basilica of Bom Jesus (mortalremains 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 VascoSports Club.

The main sports arenas are the Jawaharlal Nehru Fatorda Stadium and the Dr Rajendra Prasad Stadium in Margao, theTilak Maidan Stadium 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 theIntercontinental 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, Tiatr and Zagor, as well as for modern artforms such as Goan trance.

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

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

Goa-IDC has established 20 industrial estates, spread across the states talukas, and is currently working on the expansionof existing industrial estates as well as establishing new estates.

Industry clusters Industries

VernaRubber, plastics, petroleum products, pharmaceuticals, electronics andtelecommunication equipment

BicholimEngineering, oil products, plastics, leather, textiles, food processing, soaps andagro products

KundaimRubber, plastics, petroleum products, pharmaceuticals, steel fabrications andaluminum furniture

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

industrial diamond tools

Mormugao Shipbuilding and repair

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

Vasco Shipbuilding and repair

Source: Goa Industrial Development Corporation

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Apart from having an established iron ore mining industry,Goa has emerged as a manufacturing base for severalleading companies in areas such as fertilisers, tyres andtubes, cement, electrical machinery, fish-net makingmachines, automatic washing machines, printed circuitboards, pharmaceuticals and pharmaceutical machinery.

Mining (iron ore and manganese), pharmaceuticals, iron andsteel industries are present in North Goa while mining andshipbuilding industries are present in South Goa.

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

As of January 2013, the state had 7,621 micro, small and

medium enterprises (MSMEs) and 189 large scaleindustries.

Over 2011-12 (up to November 2011), 409 entrepreneurshave filed Entrepreneurs Memorandum PartI with aproposed investment of US$ 20.50 million in the state.

Key industries In Goa

Tourism Food processing

IT/ITeS

Mining

Biotechnology

Pharmaceuticals

Fishing

Number of enterprises registered during 2006-12(up to December 2012)

Parameter Micro Small Medium

Units (no) 3,176 280 20

Proposed investment

(US$ million)36.83 67.91 19.62

Expectedemploymentgeneration (no)

25,784 12,077 1,794


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Pharmaceutical Cluster

The cluster is run by the Goa Manufacturers Association (GPMA) and accounts for around12 per cent of the medicines produced in the country.

Principal products manufactured are tablets, capsules, ointments, liquid orals andinjectibles.

The cluster has an annual growth rate of 18-20 per cent and currently 40 units arefunctioning 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.

Cashew Cluster

Cluster is run by Goa Cashew Entrepreneurs Welfare Society with 300 functional units Cashew kernel is the major product manufactured. 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

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

It is one of the most literate states in India, with a literacyrate of over 87.0 per cent; most Goans are conversant withthe English language, which is the lingua franca for the IT

industry.

The state is close to several business centres, such asMumbai, Pune and Bangalore, of the country that provideopportunities for growth.

The Goa University offers a postgraduate course incomputer sciences, and there are over 250 other institutesimparting IT training and education.

Info Tech Corporation of Goa Ltd, an undertaking of thestate government, is planning to redesign Rajiv Gandhi ITHabitat at Dona Paula that has been built to attractIT/ITeS/BPO/KPO industries.

Rajiv Gandhi IT habitat ,Dona-Paula

Situated seven kilometers away from the statecapital of Panaji.

Developed on an area of around 95 acres with theaim to attract IT/ITeS/BPO/KPO industries.

IT habitat is expected to attract investments to thetune 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,

http://www.infotechgoa.com/

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Smartlink Network

Systems Ltd

Zenith Computer Pvt Ltd

PCS Technology Ltd

Crompton Greaves Ltd

Formerly, D-Link (India) Private Limited. Smartlink Network Systems Ltd is one of the Indiasleading networking companies, offering an integrated value proposition that includes design anddevelopment, manufacturing, sales & marketing and service & support. It was established in1993.

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$ 14.46million. It has 17 branch offices in the country. As of March 2012, the company had 497 full timeemployees.

The company was established in 1980 and is among the largest personal computer companiesin India. It employs around 800 professionals and has 15 branches across the country, with a60,000 sq ft of production facility in the Sancoale Industrial Estate, Zuari Nagar.

PCS is an Indian technology company headquartered in Mumbai. The company focuses onfacilities 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 itproduces desktop computers, notebook computers and servers. It has a production capacity of7,000 to 8,000 desktop computers per month.

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 billionin 2011-12. It has over 20 manufacturing units in the country, four of which are located in Goa.

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

Goa is the second largest iron ore producer in India, with aproduction of 34.4* million tonnes over 2011-12. The stateaccounted for 20.3 per cent of total iron ore production in

India.

Mining (especially of iron ore), along with tourism, is animportant industry; the state accounted for over 70.0 percent of the countrys total iron ore exports (43.3* milliontonnes over 2011-12).

Most mines in Goa are of the open-cast type, whichnecessitates the removal of over-burden overlying the iron-

ore formations.

Iron, manganese and bauxite ores are the major mineralsfound in Goa. The state produced 850,000 tonnes of bauxiteand 19,000 tonnes of manganese ore over 2011-12.


Sesa Goa

The Dempo Group

V.M. Salgaocar and Company Ltd

V.S. Chowgule and Company Ltd

Source: Ministry of Mines, Ministry of MSME,Government of India,

* Provisional

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Goa's pharmaceuticals industry generated revenue of US$2.1 billion over 2011-12; the state accounts for about 12 percent of India's pharmaceutical production.

The pharmaceuticals industry is one of the major employersin the state.

A large number of companies, such as Cipla, Aventis andBlue Cross, have set up manufacturing facilities in Goa.

Apart from the incentives and policy thrust, Goa has beenselected because of its ambience and pollution freeenvironment, which is conducive to the pharmaceuticalsindustry.

Goa Pharmaceutical Manufacturers' Association (GPMA) is

a registered body formed with the objective of uniting thepharmaceutical manufacturers in Goa.


Ranbaxy Laboratories Ltd

Aventis Pharma Ltd

Blue Cross Laboratories Ltd

Cipla Ltd

Source: Ministry of MSME, Government of India

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Ranbaxy

Laboratories Ltd

Aventis Pharma Ltd

Blue Cross Laboratories

Ltd

Ranbaxy is among Indias leading pharmaceutical companies with business operations in43 countries and manufacturing facilities in eight countries. It has a manufacturing facility atPonda, Goa, where it manufactures steroidal, non-steroidal creams, ointments and lotionsand non-beta-lactom tablets. In 2008, Japanese conglomerate Daiichi Sankyo Company Ltdbecame the largest shareholder in Ranbaxy. The company generated revenue of US$ 2.3billion in 2012.

Established in May 1956, Aventis Pharma Ltd has Sanofi-Aventis and Hoechst GmBH asmajor share holders. The Goa site has been certified by the World Health Organisation(WHO). The companys Goa facility is a global sourcing site for products including theDaonil range, Cardace, Frisium, Stilnoct and AmaryI. The Goa site employs around 230people. 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 Indianpharmaceuticals market. In addition to its plant in Nashik, the company has a 12,000 sq mplant in Verna, Goa.

The companys products are sold in over 18 countries across the globe. WHO and local

Food and Drug Administration (FDA) have approved the Goan plant. The companyproduces drugs belonging to major therapeutic segments like anti-bacterial, painmanagement, antispasmodic, cough and cold preparations, cardiology, diabetes,dermatology, anti-ulcer, antipyretics, etc. The annual sales turnover of the company isaround US$ 52 million and it has an employee strength of over 1,000.

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Cipla Ltd Established in 1935, Cipla is one of the oldest pharmaceutical companies in the country. It

manufactures and markets bulk drugs and formulations. It posted revenues of US$ 1.5billion in 2011-12 and has a plant in Verna Industrial Estate. Among other formulations, theGoan plant manufactures anti-HIV/AIDS drugs that have earned Cipla a strong presenceacross the globe. It has been earmarked to produce the companys entire range of anti-cancer and hormonal drugs.

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Goa is a globally recognised tourist destination, famous forits beaches and cultural diversity.

A blend of eastern and western culture, friendly andhospitable people and the common use of English as aprominent language make Goa a veritable tourist paradise.

Tourism is a key economic activity of Goa. It has contributedsubstantially to the economic development of the state interms of employment generation and foreign exchangeearnings.

Innovative marketing strategies to project Goa as an all-timeleisure destination have resulted in higher tourist inflowsover the years.

In 2012, the state attracted 2.8* million tourists, of which450,530 were foreign tourists.

As of December 2012, Goa had 2,777 hotels, with a total of26,859 rooms and a bed capacity of 49,167.

The state government has been proactive in encouragingpublic-private partnerships for promoting tourism byinstituting a corpus fund.

Tourist arrivals in Goa (in million)

2.21 2.02 2.13 2.202.23 2.34

0.390.35

0.380.44 0.45

0.45

2007 2008 2009 2010 2011 2012

Domestic Foreign

Source: Department of Tourism, Government of GoaEconomic Survey of Goa, 2012-13

*Provisional

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Goa has a coastline of about 104 km and inland waterwaysof about 255 km.

The coast is full of creeks and estuaries formed by rivers;over 86,628 tonnes of marine fish and 3,887 tonnes of inlandfish were harvested in 2012.

Goa is a major exporter of sea-food to the US, Japan, China,Middle East and the European countries. Fish exports fromthe state increased to 40,000 tonnes (US$ 76.9 million) in2012 from 37,827 tonnes (US$ 72.7 million) in 2011.

The fisheries sector recorded the highest growth rate at 41.8per cent over 2011-12.

The government has made significant development to

provide and improve landing and berthing facilities to bothtraditional fishermen and fishing boat operators.

The fishing industry in the state mainly comprises ofmechanised vessels, fish processing plants, marketingnetwork and shrimps farms which are mainly in the privatesector. The state has been developing the necessaryinfrastructure required for the industry.

Annual fish catch (000 tonnes)

91.188.7

80.6

87.0

86.2

86.6

3.0 3.0

3.23.3

3.5

3.9

2.5

3.0

3.5

4.0

4.5

50.0

60.0

70.0

80.0

90.0

100.0

2007 2008 2009 2010 2011 2012

Marine (LHS) Inland (RHS)


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Agency Description

Goa IndustrialDevelopment Corporation

(GOA-IDC)

It has been established with the purpose of securing land and assisting in fast and orderlyestablishment of industries in the 20 designated industrial areas and estates.

Economic Development

Corporation

This is a state government-promoted financial institution to operate and managegovernment promoted financial schemes.

It acts as an investment company and provides financial assistance to entrepreneurs forstarting as well as expanding business units.

The Goa StateInfrastructure Development

Corporation

This was set up as a Special Purpose Vehicle (SPV), with the basic aim to developinfrastructure in a time-bound manner.

Goa Handicrafts Rural andSmall Scale Industries

Development Corporation

It promotes traditional arts and crafts, fashioned by the states artists and artisans.

It performs functions related to procurement and distribution of indigenous and importedraw material, especially for small scale units.

It has been instrumental in starting the Deen Dayal SwayamrojgarYojana, a scheme todevelop self-employment opportunities for the youth.

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Agency Description

Goa Tourism DevelopmentCorporation

It promotes tourism and related activities in Goa.

It focuses on developing eco-tourism, heritage tourism, adventure tourism, medicaltourism and event tourism.

Goa HorticultureCorporation

It promotes investments in export-oriented projects, especially for the cultivation of exotic

fruits and vegetables, floriculture, etc. It is entrusted with development of horticulture estates and establishment of sales outlets

for local produce through establishments called Krishi Ghars.

Info Tech Corporation ofGoa Ltd (ITG)

It looks after the development of IT-related infrastructure, ITeS and implementation of e-governance objectives of the government.

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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 ofCommerce & 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/

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

Incorporation of company Registrar of Companies NA

Registration, Industrial EntrepreneursMemorandum (IEM), industrial licences

High Powered Coordination Committee (HPCC) forlarge and medium-sized projects; Director-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 approvalGoa State Pollution Control Board and Ministry ofEnvironment and Forests

60

No objection certificate and consentunder Water and Pollution Control Acts Goa State Pollution Control Board 7 to 14

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

Approval of construction activity andbuilding plan

Town and Country Planning Authority 30

Sanction of power State Electricity Department Up to 60

Registration under the State Sales TaxAct and Central and Excise Act

Sales Tax Department and Central and StateExcise Department

NA

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The Goa Industrial Policy 2003, has revamped the single-window clearance mechanism in the state.

A high powered coordination committee, chaired by Goas Chief Minister, has been constituted for dealing with largeprojects. 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 IndustriesCentre act as nodal agencies for the various projects in the state. Goa-IDC handles the creation of SEZs in the state.

Greater thanUS$ 1.09 million

Below US$ 1.09million

High poweredcoordinationcommittee

Department ofIndustries,Trade andCommerce

Director ofIndustries, Tradeand Commerce

The ChiefMinister

DistrictIndustries

Centre

Goa IndustrialDevelopmentCorporation(Goa-IDC)

NODALAGENCYUNDER THECHAIRMANSHIP OFINVESTMENT HANDLED

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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$ 800-1300

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

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The government of Goa is presently working on the drafting of a new industrial policy to be implemented in 2013 in order toboost 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 andemployment-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 engagewith private players to invest and develop infrastructure in the state.

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Goa Special Economic Zone Policy 2006

To augment infrastructure facilities for boosting exports.

Read moreObjective

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, environmentmanagement and employment generation. Objectives of the policy include prioritisation of thethrust areas for basic and applied research and technology development and promotion ofinnovations 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=43http://www.goachamber.org/html/joomdocs/Govt/Policies/GG-Bio2006_0607-27-SI-EOG-3.pdfhttp://www.goachamber.org/html/joomdocs/Govt/Policies/GG-Bio2006_0607-27-SI-EOG-3.pdfhttp://www.goachamber.org/html/index.php?option=com_content&view=article&id=82:goa-sez-policy-2006&catid=21&Itemid=43

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Industrial Policy 2003

To ensure accelerated industrial development, catalyse economic growth and balancedregional growth, protect the environment and create sustainable employment for local youth ofthe 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

IT Policy 2005

To improve productivity in government offices, provide efficient service to citizens at reducedcosts and to increase export earnings from software, computers, computer peripherals, telecomand IT enabling services by encouraging industries through fiscal and regulatory benefits.

Read more

Objective
http://www.goaditc.gov.in/industry.htmlhttp://www.goa.gov.in/portalapp/pdf/ITPolicy2005.pdfhttp://www.goa.gov.in/portalapp/pdf/ITPolicy2005.pdfhttp://www.goaditc.gov.in/industry.html

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Average for the year

YearINR equivalent of one

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

Exchange rates

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India Brand Equity Foundation (IBEF) engaged Aranca to prepare this presentation and the same has been preparedby Aranca in consultation with IBEF.

All rights reserved. All copyright in this presentation and related works is solely and exclusively owned by IBEF. Thesame may not be reproduced, wholly or in part in any material form (including photocopying or storing it in anymedium 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 thispresentation to ensure that the information is accurate to the best of Aranca and IBEFs knowledge and belief, thecontent is not to be construed in any manner whatsoever as a substitute for professional advice.

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