GOA PEARL OF THE ORIENT - February 2018 - IBEF
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Table of Content Executive Summary……………….….…….3 Advantage State…………………..….……..4 Goa Vision 2035…………………….………5 Goa – An Introduction…………….……..….6 Annual Budget 2016-17.…………..............18 Infrastructure Status……………...………... 20 Business Opportunities…………...…………37 Doing Business in Goa…………..………… 55 State Acts & Policies………….….………… 56
EXECUTIVE SUMMARY Around 32.29 million tonnes of iron ore was extracted from 44 operational mines in the state between India’s major iron ore September 2015 and October 2017. producer Exports of iron ore reached 17.64 million tonnes between September 2015 and November 2017. During 2016-17, the total traffic handled by Mormugao port was recorded to be 33.18 million tonnes, Mormugao Port, registering a growth of 59.70% over the previous year, which is the highest growth rate among 12 major reflected remarkable ports of the country. The port handled 21.35 million tonnes of cargo in 2017-18*. growth The average output per ship berth day was recorded to be 12,042 million tonnes during the same period. Strong economic Goa is one of the fastest growing states in the country. Goa’s net state domestic product (NSDP) was US$ growth 8.55 billion in 2016-17. Goa is a popular tourist destination due to its natural beauty and bountiful avenues for leisure and relaxation. Tourist paradise During 2016, Goa was the ninth most visited state in terms of footfall of foreign tourists with Foreign Tourist Arrivals (FTAs) reaching 680,683. Note: * up to January 2018 Source: Economic Survey of Goa, Mormugao Port Trust Goa, Ministry of Mines, Ministry of Tourism, Indian Express 3 GOA For updated information, please visit www.ibef.org
ADVANTAGE GOA March 2015 High Economic Growth Facilitating infrastructure January GSDP compounded annual growth rate was at about Goa has a well-developed social, physical and 2018 Installed 12.55% between 2011-12 and 2016-17. industrial infrastructure, and virtual connectivity. Installed thermal The state has one of the highest per capita GSDP in the It has an international airport that is in line its ambition thermal power country and stands at about US$ 6,044.5 in 2016-17. to be a globally recognised leisure destination. It also power capacity: has significant port infrastructure. capacity: 400.02 MW 521.32 MW Advantage Goa Strong presence in Rich labour pool mining, tourism and pharmaceuticals Goa’s high rate of literacy has attracted knowledge- Abundant reserves of iron ore. based industries such as pharmaceuticals, biotechnology and IT. Established base for the pharmaceuticals industry and an emerging destination for knowledge-based A large proportion of the population can speak English, industries such as biotechnology and IT. which helps boost the state’s tourism and ITeS industries. High inflow of international tourists driving tourism revenue. Note: 2016-17 estimate for GSDP based on NSDP figures – GSDP is calculated as percentage of NSDP based on data for FY12-16 Source: Economic Survey of Goa, 2014-15, Press Information Bureau GSDP: Gross State Domestic Product 4 GOA For updated information, please visit www.ibef.org
GOA VISION 2035 The foundation of high The state plans to preserve its quality governance should natural beauty at all costs be fairness, accountability To ensure vibrant future for the and transparency. habitats of the state. Goa plans to emerge as the To conserve Goa’s biodiversity, most well-governed state in Governance Preserve beauty embrace responsible mining, India. and serenity develop tourism sites. Vision 2035 Goa’s per capita GDP is Value chains to Knowledge centric In spite of its higher literacy twice that of India and the success rate, the state plans to move state aims to exceed that in one step ahead. the next 25 years. To depend on natural resources and related logistic The state plans to be a industries, tourism and related knowledge-centric destination in services, healthcare & pharma the upcoming years. industry, etc. Source: Goa Chamber of Commerce and Industry 5 GOA For updated information, please visit www.ibef.org
GOA FACT FILE Parameters Arunachal Pradesh Capital Panaji Geographical area (sq km) 3,702 Administrative districts (No) 2 Population density (persons per sq km) 364 Total population (million) 1.46 Male population (million) 0.74 Female population (million) 0.72 Sex ratio (females per 1,000 males) 973 Literacy rate (%) 88.7 Goa is located in the western region of India. The state shares its border with the Arabian Sea to the west, Maharashtra to the north and Karnataka to the south and the east. Languages spoken are Konkani, Marathi, Portuguese, Hindi and English. Goa’s administrative headquarters are located at Panaji (the state capital) and Margao. The state has two districts: North Goa and South Goa. Goa has a tropical climate, with a monsoons lasting from June to September. Due to its long coastline, the weather is hot and humid for the rest of the year. Source: Census 2011 6 GOA For updated information, please visit www.ibef.org
GOA IN FIGURES … (1/2) Parameter Goa All states Source Economy 2016-17 2016-17 Aranca Estimates based on NSDP figures provided by GSDP as a percentage of all states’ GSDP 0.4 100.0 Directorate of Economics and Statistics, Goa Aranca Estimates based on NSDP figures provided by GSDP growth rate (%) 12.5 10.98 Directorate of Economics and Statistics, Goa Aranca Estimates based on NSDP figures provided by Per capita GSDP (US$) 6,044.5 1,611 Directorate of Economics and Statistics, Goa Physical Infrastructure 2016-17 2016-17 Installed power capacity (MW) 548.08 334,399.83 Central Electricity Authority, as of January 2018 Telecom Regulatory Authority of India, as of Wireless subscribers (No)1 93,210,472 11,624,7043 November 2017 Telecom Regulatory Authority of India, as of Internet subscribers (million) 35 429.24 September 2017 National Highway length (km) 262 100,087.08 NHAI & Roads and Building Department Major and minor ports (No) 1+5 13+187 India Ports Association Airports (No) 1 125 Airports Authority of India 1Denotes Goa including Maharashtra 7 GOA For updated information, please visit www.ibef.org
GOA IN FIGURES … (2/2) Parameter Goa All states Source Social Indicators Literacy rate (%) 88.7 73.0 Census 2011 Birth rate (per 1,000 population) 12.9 20.4 SRS Bulletin, September 2017 Investments Department of Industrial Policy & Promotion, From FDI equity inflows (US$ billion) 0.964 357.47 April 2000 to September 2017 Industrial Infrastructure Completed and Operational PPP projects DEA, Ministry of Finance, Government of India, July 9 1,565 (No) 2016 Ministry of Commerce & Industry, Department of Exporting SEZs (No) 0 222 Commerce, December 2017 Note: PPP: Public Private Partnership, SEZ: Special Economic Zone, 1Only notified and formally approved SEZ 8 GOA For updated information, please visit www.ibef.org
ECONOMIC SNAPSHOT – GSDP At current prices, Goa’s gross state domestic product (GSDP) was GSDP Visakhapatnam of Goa at current port traffic prices(million (in US$tonnes) billion) about US$ 9.16 billion in 2016-17. The GSDP increased at a compound annual growth rate (CAGR) of 10.00 CAGR 7.6% 7.6% between FY12-17.. 9.00 9.16 Goa’s economic growth is driven by the strong performance of industrial sectors such as mining, tourism and pharmaceuticals. 8.00 8.14 7.00 7.17 6.00 6.35 5.72 5.39 5.00 4.00 3.00 2.00 1.00 0.00 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17E Note: 2016-17 estimate for GSDP based on NSDP figures – GSDP is calculated as percentage of NSDP based on data for FY12-16 Source: Directorate of Economics and Statistics Goa, Government of Goa, Economic Survey 2016-17, Aranca Research 9 GOA For updated information, please visit www.ibef.org
ECONOMIC SNAPSHOT – NSDP Goa’s net state domestic product (NSDP) was about US$ 8.55 billion NSDP Visakhapatnam of Goa at current port traffic prices(million (in US$tonnes) billion) in 2016-17. The NSDP grew at a CAGR of 7.70% between 2011-12 and 2016- 9.00 CAGR 7.70% 17. 8.55 8.00 7.00 6.00 6.31 5.90 5.63 5.37 5.00 4.97 4.00 3.00 2.00 1.00 0.00 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 Source: Directorate of Economics and Statistics Goa, Government of Goa, Economic Survey 2016-17 10 GOA For updated information, please visit www.ibef.org
ECONOMIC SNAPSHOT – PER CAPITA GSDP The state’s per capita GSDP was US$ 6,044.5 one of the highest in GSDP Visakhapatnam per capita of port Goa traffic at current (million prices tonnes) (in US$) India, during 2016-17. Goa’s per capita GSDP increased at a CAGR of 6.86% between CAGR 6.86% 2011-12 and 2016-17. 7,000.0 6,000.0 6,044.5 5,409.3 5,000.0 4,797.4 4,337.9 4,000.0 3,876.6 3,628.4 3,000.0 2,000.0 1,000.0 0.0 2011-12 2012-13 2013-14 2014-15 2015-16 2016- 17E Note: 2016-17 estimate for GSDP based on NSDP figures – GSDP is calculated as percentage of NSDP based on data for FY12-16 Source: Directorate of Economics and Statistics Goa, Government of Goa, Aranca Research 11 GOA For updated information, please visit www.ibef.org
ECONOMIC SNAPSHOT – PER CAPITA NSDP The state’s per capita NSDP was US$ 5,637.96 in 2016-17. NSDP Visakhapatnam per capita of port Goa traffic at current (million prices tonnes) (in US$) Goa’s per capita NSDP increased at a CAGR of 6.96% between 2011-12 and 2016-17. CAGR 6.96% Certain factors, such as substantial foreign exchange earnings from 6000.00 mining and tourism industries, contributed to the high per capita 5637.86 NSDP in the state. 5000.00 4000.00 4193.09 4026.93 3767.74 3637.50 3349.14 3000.00 2000.00 1000.00 0.00 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 Source: Directorate of Economics and Statistics Goa, Government of Goa, Economic Survey 2016-17 12 GOA For updated information, please visit www.ibef.org
ECONOMIC SNAPSHOT – PERCENTAGE DISTRIBUTION OF GSDP In 2015-16, the tertiary sectorµ accounted for 46.67% of GSDP at Visakhapatnam GSDP composition port trafficby (million sectortonnes) constant prices, followed by secondary sector with a share of 46.45% and the primary sector contributing a share of 6.88%.. 100% At 7.11%, the tertiary sector had the highest growth among all three 45.19% CAGR 46.67% sectors between 2004-05 and 2015-16. It was followed by the 90% secondary sector (6.92%), and the primary sector (1.67%). 80% Growth in the tertiary sector has largely been driven by the tourism 7.11% industry, which facilitated growth of other related industries such as 70% banking and financial services, real estate, and business services. 60% 50% 42.54% 46.45% 40% 6.92% 30% 20% 10% 12.27% 1.67% 6.88% 0% 2004-05 2015-16 Primary Sector Secondary Sector Tertiary Sector Source: Directorate of Economics and Statistics Goa, Government of Goa Sector-wise %share of GSDPµ -Geometric mean of YoY calculation from 2004-05 to 2015-16 13 GOA For updated information, please visit www.ibef.org
ECONOMIC SNAPSHOT – AGRICULTURAL PRODUCTION Cashew processing has been a traditional industry in the state. Annual production Category Cashew apple is also used in the production of feni, a local liquor, 2016-17 (in thousand tonnes) which has become internationally popular. During 2016-17, cashew Food-grains 122 nut production in the state was estimated at 30,200 tonnes. Rice 116.07 Agriculture in Goa comprises cultivation of crops like paddy, cashew, coconut and seasonal vegetables and pulses, and provides Cashew 30.2 livelihood support to nearly 12% of the state’s 1.5 million population. Arecanut 3 Sugarcane 40.2 Milk 51.36 Source: Economic Survey of Goa, 2014-15, Indian Horticulture Database 2014-15, National Horticulture Board, State Budget 2016-17, DAHD 14 GOA For updated information, please visit www.ibef.org
ECONOMIC SNAPSHOT – EXPORTS Commodity wise container traffic handled at Mormugao port (tonnage in metric tonnes) 2013-14 2014-15 2015-16 2016-17 Item TEUS Tonnage TEUS Tonnage TEUS Tonnage TEUS Tonnage Frozen fish 2,328 32,804 3,064 42,940 2,308 32,271 3,128 44.735 Zinc oxide 96 1,697 138 2,476 19 320 - - Pig iron 381 10,328 1,228 33,580 641 17,570 472 12,977 Battery plates 17 354 6 126 3 63 3 67 Coke 36 608 77 1,769 13 180 - - Iron casting 418 6,455 510 7,511 472 7,226 533 7,586 Pharmaceutical 325 2,537 750 6,151 636 5,076 555 4,522 products Total export 6,445 101,453 8,682 144,423 8,682 108,286 NA NA Visakhapatnam Fisheriesport exports trafficfrom (million Goatonnes) Iron oreVisakhapatnam exports from Mormugao port trafficPort Trust (million (‘000 tonnes) tonnes) 37.8 42.7 32.8 42.9 15000 14,723 80.0 37.2 60.0 60.0 21.5 27.0 40.0 12000 40.0 18.3 42.9 41.3 63.3 70.7 69.8 68.3 70.2 20.0 9000 2007-08 23.2 20.0 6,729 0.0 0.0 6000 3,570 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 3000 604 0 Value (US$ million, LHS) Quantity ('000 tonnes) 2014-15 2015-16 2016-17 2017-18* Note: * up to January 2018, Data is as per latest available information Source: Ministry of Mines, Mormugao Port Trust Goa 15 GOA For updated information, please visit www.ibef.org
ECONOMIC SNAPSHOT – GOA EXPORT POTENTIAL Commodities exported from Mormugao Port Commodities 2013-14 (in million tonnes) 2014-15 (in million tonnes) 2015-16 (in million tonnes) 2016-17 (in million tonnes) Iron ore & iron ore pellets 0.04 0.60 3.57 14.72 Other ores 0.16 0.27 0.21 NA Total ores 0.20 0.87 3.78 14.72 Alumina NA 0.02 0.02 0.05 Steel slabs 0.06 0.06 NA 0.14 Hot rolled coils 1.21 1.63 0.84 1.82 Container cargo 0.12 0.17 0.14 0.17 Granite 0.36 0.30 0.31 0.29 Other cargo 0.28 0.27 0.31 0.14 Wheat 0.04 NA NA NA Sugar 0.06 0.01 0.01 NA Total exports 2.33 3.33 5.41 17.33 Date: Data is as per latest available information Source: Mormugao Port Trust, Goa; NA – Not available 16 GOA For updated information, please visit www.ibef.org
ECONOMIC SNAPSHOT – FDI INFLOWS & INVESTMENTS According to the Department of Industrial Policy & Promotion (DIPP), FDI equity Visakhapatnam inflows, 2008-09 port traffic to 2017-18 (million(US$ tonnes) million) FDI inflows into the state of Goa, during April 2000 to September 2017, was US$ 964 million. 302 350 300 250 169 200 150 83 100 40 38 35 29 18 17 50 9 0 1 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 Note: 1Up to September 2017 Current Ongoing Projects under GSIDC Source: Department of Industrial Policy & Promotion Project Category Start date End date Status as on July 2016 Estimated cost (in US$ million) Construction of Bridge across river Mandovi Connectivity July 2014 September 2017 40% completed 54.23 at Panaji Construction of Panchayat Complex at Public March 2014 February 2016 75% completed 1.26 Chicalim Amenities Establishing infrastructure for Organic February Environment August 2016 80% completed 0.45 Waste Management Facility 2014 Infrastructure works for Sanjay Centre for Sports & November November 2016 60% completed 1 Special Education at Bogda, Vasco. Education 2014 Construction of Primary Health Centre at Healthcare July 2015 October 2016 32% completed 0.51 Navelim, Margao, Goa. Facilities Date: Data is as per latest available information 17 GOA For updated information, please visit www.ibef.org
ANNUAL BUDGET 2017-18… (1/2) The Gross Budget presented for 2017-18 is US$ 2.42 billion as against US$ 2.19 billion in 2016-17. A sum of US$ 145.59 million has been allocated for social sector, US$ 70.65 million has been allocated for child & women empowerment and US$ 28.26 million for tribal welfare. Increase in PWD budget allocation of US$ 282.61 million. 20 MLD water treatment plant for Panaji will be completed till 2018. 100 dual pump solar power water supply projects in remote areas will be introduced. New sewage system in Candolim & Bicholim. US$ 15.62 million provided for creating additional infrastructure for 36th National Games in 2018. US$ 22.31 million allotted to improve public transport, especially to tourist destinations. Dedicated traffic management plan for all major cities in Goa. Betul, Chapora & Talpana jetties will be upgraded. Focus on total implementation of current IT policy; Startup Promotion Board to be established. Regional plan to be completed & notified by December 2017. Source: Finance Department, Government of Goa 18 GOA For updated information, please visit www.ibef.org
ANNUAL BUDGET 2017-18 … (2/2) Annual budget (estimates in US$ million) Departments Budget allocations (2017-18) Education 234.79 Public works 307.76 Sanitation 51.99 Water resources 52.08 Mining 8.59 Agriculture 26.72 Social welfare 48.46 Medical and Public Health 79.63 Tourism 31.07 Panchayats 29.83 Urban development and municipalities 1.49 Sports & youth affairs 32.03 Transport 42.38 Source: State Budget 2015-16, Government of Goa 19 GOA For updated information, please visit www.ibef.org
PHYSICAL INFRASTRUCTURE – ROADS NH-17 runs along India's West Coast & links Goa to Mumbai in the Road type Road length (km) north & Mangalore to the south. NH-4A running across the state connects Panaji to Belgaum (Karnataka) in the east. As of May 2015, National highways 262 the construction of 4 state highways, 10 major district roads & 76 rural roads are under progress. State highways 232 The state had a road density of 68.7 km per 1,000 sq. km of area, as District highways 815 of December 2016. As per budget 2016-17, under the National Highway Development Programme (NHDP- Phase III), projects for 4 laning of NH-17 as well as NH-4 received the in-principle approval during 2015-16. The project was under progress as of February 2017. As per Budget 2017-18, dedicated cell would be made in PWD to look after PM Gram Sadak Yojana and other infrastructure works. Around 65% of the work on New Mandovi bridge was completed as of August 2017 while work on the new Khandepar bridge costing US$ 44.18 million will be completed before 2020. Road safety audit worth US$ 32.73 million to be taken up in 2017. Source: Directorate of Transport PWD: Public Works Department, State Budget 2016-17 20 GOA For updated information, please visit www.ibef.org
PHYSICAL INFRASTRUCTURE – RAILWAYS The total railway route in Goa is around 167 km long, comprising two rail tracks: the Konkan Railways line & the South-Western Railways line. These routes connect the state to other parts of the country. The Konkan Railways line runs from the north to the south and the South-Western Railways line runs from west to 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 & Mangalore, has considerably boosted tourism. The Mormugao port is connected through a broad gauge line. The government has pulled off a new double-decker luxury train service on Konkan Railways route that commutes tourists from Mumbai to Goa. The Government of India introduced a Double Decker Express train on December 6, 2015 to improve connectivity between Goa & Mumbai, t. An amount of US$ 14.87 million has been allocated under 2017-18 budget towards Konkan Railways. 4 railway overbridges are to be built in Goa with financial support from the Rail Ministry. On May 22, 2017, state-of-the-art, high-speed, 15 coach train Tejas Express, with a speed of 200 km/hour, made its debut. The train would run between Mumbai to North Goa, covering a distance of 579 km in 8.5 hours. The train has 2 classes — executive chair car & chair car, and is equipped with facilities like automatic doors, secured gangways, Wi-Fi, LCD screens, magazines, tea-coffee vending machines, bio- toilets, etc. Source: Maps of India 21 GOA For updated information, please visit www.ibef.org
PHYSICAL INFRASTRUCTURE – AIRPORTS … (1/2) Goa has one airport at Dabolim, which functions as a domestic as well as an international airport. The state is connected to most Indian cities by air. The state ranks among the top 10 in all-India air traffic, most of which is tourism related. The state has good connectivity in terms of international flights, including chartered flights from European countries. Passenger footfalls at the Goa airport during 2016-17 reached 68,56,362 with aircraft movement reaching 47,801 flights. The state introduced a new terminal in February 2014 at Dabolim. As per state budget 2016-17, for the establishment of an international airport at Mopa in Taluka Pernem, on PPP basis, the Government of Goa has already issued proposals to shortlisted builders. The state has acquired 7.4 million sq. metres of land for the airport. The airport is being designed to handle 4 million passengers, in addition to the 4 million capacity at Dabolim, to create a total capacity of 8 million by 2018. The project will be developed by GMR Airports Ltd. The 1st phase of the airport is expected to be commissioned during financial year 2019-20. Moreover, for the development of the civil aviation sector in the state, an allocation of US$ 22.33 million has been proposed by the state government. As per Budget 2017-18, Dabolim airport will be upgraded on a time- to-time basis even after the completion of Greenfield Mopa international airport. In January 2018, the state government appointed consultants to monitor the construction of the airport. Source: Airports Authority of India, Department of Tourism, Government of Goa Economic Survey of Goa, Goa Investment Policy 2014 22 GOA For updated information, please visit www.ibef.org
PHYSICAL INFRASTRUCTURE – AIRPORTS … (2/2) Goa passenger traffic (million) Goa aircraft movement (Nos.) 8 60,000 7 50,000 6.86 6 47,801 40,000 5 5.42 5.37 39,030 36,904 4 30,000 4.51 33,422 3.89 28,904 27,430 26,804 3 3.54 3.52 24,326 20,000 24,018 3.08 2.63 2 10,000 1 0 0 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18* 2017-18* Freight handled by Goa airport (tonnes) 2013-14 2014-15 2015-16 2016-17 2017-18* 4,767 4,498 4,880 4,103 3,564 Note: * April – December 2017 Source: Airports Authority of India 23 GOA For updated information, please visit www.ibef.org
PHYSICAL INFRASTRUCTURE – PORTS Goa has 255 km of rivers & canals, providing an economical mode Ports for goods transport. As of March 2016, the total capacity at Mormugao port stood at 48.79 million MT. A total of 5.03 MT of Major ports Mormugao capacity was added during period 2015-16. The port had a capacity Panaji of 50.04 million MT during 2016-17. Chapora • During 2017-18*, the general cargo traffic handled at the port was Minor ports Betul recorded to be 21.35 million tonnes. Talpona The River Navigation Department was established to provide safe, Tiracol dependable & affordable transport facilities on different ferry routes of Goa’s inland waters. Commodity-wise Traffic Handled at Mormugao Port during 2016-17 The Mormugao harbour, a multi-purpose general cargo berth situated in the port town of Vasco-da-Gama, handles local & Commodity Quantity (metric tonnes) international maritime cargo traffic. POL (Petroleum, Oil & Lubricants) 630,000 During 2016-17, the total traffic handled by Mormugao port was recorded to be 33.18 million tonnes, thereby registering a growth of Iron ore 14,720,000 59.70% over the same period in the previous year, which is the highest growth rate among 12 major ports of the country. Coke and coal 12,750,000 State-of-the-art patrol vessel ICGS Shaunak, the largest & most Granite 290,000 advanced new generation OPV was added to Coast Guard fleet in February 2017. Container cargo 230,000 Phosporic Acid 3,40,000 Note: P – Provisional, *up to January 2018 Source: Ministry of Shipping, Government of India, Indian Ports Association, Mormugao Port Trust 24 GOA For updated information, please visit www.ibef.org
PHYSICAL INFRASTRUCTURE – POWER As of January 2018, Goa had a total installed power generation Visakhapatnam Installed power port traffic capacity (million (MW)tonnes) capacity of 548.08 MW. 600.0 Of the total installed capacity, 499.32 MW was managed by central utilities, 48.71 MW by private utilities and 0.05 MW by state utilities.. 548.1 Thermal power plants accounted for a significant share in the total 540.56 500.0 installed capacity with 521.32 MW, whereas nuclear energy and renewable energy contributed 26 MW and 0.76 MW respectively. 430.02 Goa is one of the few states in India to achieve 100% rural 400.0 412.45 400.2 400.02 400.02 electrification. 386.9 380.9 357.2 The state generates power from its 48 MW naphtha-based plant of 300.0 Reliance Infrastructure Limited and it depends, largely, on the power allocated from the central generating stations. The industrial sector is the largest consumer of electricity, followed 200.0 by the domestic sector. Goa Electricity Department controls power infrastructure in the state. 100.0 The project for laying a gas pipeline by GAIL from Gokak to Goa for gas transportation to Goa has been completed. As per the state budget 2016-17, the state government has taken up 0.0 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18* various underground cabling projects for 2016-17 and has made required financial provisions for these projects. As per the state budget 2017-18, the state government will build an MVA Gas insulated Sub-station at Tuem along with a line to feed this Sub- station which will cost approximately US$ 16 million. Note: * as of January 2018 Source: Central Electricity Authority, State Budget 2016-17 Economic Survey of Goa, 2014-15 25 GOA For updated information, please visit www.ibef.org
PHYSICAL INFRASTRUCTURE – TELECOM Goa is among the few states in the country to have 100 per cent Telecom infrastructure – November 2017 automatic telephone systems with a good network of telephone exchanges. Wireless subscribers(1) 93,210,472 Goa has a fibre-optic cable network spread through the state; it Wireline subscribers(1) 1,779,189 provides high-speed access for a wide range of internet-related services. All the gram panchayats in the state of Goa are connected Internet subscribers(1)(2) 30,870,000 with optical fiber. Tele-density(1) 109.06 In Goa, all the Gram Panchayats are already connected with optical fibre cable. By the middle of December 2015, total number of post offices functioning in the state was recorded at 258, Moreover, the tele-density in the state stood at 109.061, as of Some of the major telecom service providers October 2017. Bharat Sanchar Nigam Limited (BSNL) In December 2016, the Government of Goa announced the launch of Tata Indicom Goa Yuva Sanchar Yojna, under which the state would be providing 100 minutes of free talk time and 3 GB of internet data every month, Bharti Airtel free with a new SIM card. Aircel Limited Reliance Communications Note: 1Denotes Maharashtra including Goa, 2As of September 2017 Source: Economic Survey of Goa, 2014-15, Telecom Regulatory Authority of India 26 GOA For updated information, please visit www.ibef.org
DEVELOPMENT PROJECTS: URBAN INFRASTRUCTURE Panaji is one of the 65 cities identified under the Jawaharlal Nehru National Urban Information System was introduced by Ministry of National Urban Renewal Mission (JNNURM). Urban Development in March 2006. The purpose of this scheme is to develop the geographic information system database for 152 Under JNNURM, two projects costing around US$ 15.6 million have towns/cities in the country. In Goa, 5 towns/cities are covered under been sanctioned for Panaji. Areas of development under these projects this scheme. are heritage conservation and water supply for Panaji and surrounding areas under the jurisdiction of the corporation of the city of Panaji, Goa. In April 2017, six rivers of Goa – Mandovi, Zuari, Chapora, Sal, Mapusa and Chumbharjua were notified by the union government as As per the state budget 2017-18, the state government has planned national waterways under the National Waterways Act, 2016. construction of second integrated Municipal Waste Treatment Plant along with transfer station at Cacora in South Goa on Designed Built Finance Operate & Transfer (DBFOT) basis. As per budget 2017-18, US$ 81.81 million would be allocated for Panaji under the Smart City mission, 5 major cities to be connected with tourist places with frequent plying of KTC with a budget of US$22.31 million. All Funds allocated to Goa under SJSRY and NULM (US$ million) street lights would be converted to LED lights by December 2017, a 2nd solid waste treatment plant to be built at Cacora in South Goa, an 0.6 amount of US$ 17.25 million has been allocated for garbage management. 0.5 0.51 0.4 Water supply 0.3 0.37 Water supply in Goa’s urban and rural areas is 143 and 82 litres per 0.2 capita per day (LPCD), respectively. 0.23 0.2 0.1 0.14 0.13 Goa’s water tariffs are among the cheapest in the country. 0 The state has proposed an investment outlay of US$ 160.1 million for 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 water supply and sanitation projects in its 12th Five-Year Plan (2012-17). Source: JNNURM, Ministry of Urban Development, Public Works Department of Goa SJSRY – Swarna Jayanti Shahari Rozgar Yojana NULM – National Urban Livelihoods Mission 27 GOA For updated information, please visit www.ibef.org
DEVELOPMENT PROJECTS: PUBLIC PRIVATE PARTNERSHIP (PPP) PROJECTS As of November 2017, Goa had 9 PPP projects, of which one project is in pre-construction stage, three projects are under construction and five projects are in operation and maintenance stage. PPP Projects - Goa Project Name Sector Status Total cost (US$ million) 100 TPD solid waste management Water sanitation Operation and Maintenance Stage 22.65 facility unit at Calangute Implementation of municipal solid waste Water sanitation Operation and maintenance stage 23.10 treatment plant at Bardez in North Goa Development of Berth No. 7 Transport Operation and maintenance stage 33.60 Construction of Berth 5A; 6A at Transport Operation and maintenance stage 34.15 Mormugao in South Goa Bulk cargo berths No. 5A & 6A Transport Operation and maintenance stage 37.42 Re-development of berth 8, 9 and Barge berth with a capacity of 19.2 MMTPA at Transport Under Construction 188.14 Marmugao port Setting up of 10 TPD solid waste Water sanitation Under Construction 2.33 management unit at Pernem Construction of cruise terminal at Transport Under Construction 12.42 Aguada International Airport (Mopa) Project Transport Pre-construction Stage 465.64 28 GOA For updated information, please visit www.ibef.org
DEVELOPMENT PROJECTS: SEZ AND INDUSTRIAL ESTATES … (1/3) As of December 2017, Goa had seven formally approved and three Sector-wise formally approved SEZs in Goa, December notified special economic zones (SEZs). However, there are no operational SEZs in the state and no in-principle approved SEZ. IT/ITES On completion, the SEZs would primarily cover knowledge-based 14% 29% Biotech industries such as biotechnology and IT/ITeS. The Goa Industrial 14% Development Corporation (Goa-IDC) assists in establishing IT industries in specific industrial areas and estates. Goa-IDC has 14% Pharmaceuticals established 20 industrial estates in various talukas of Goa. It plans to 29% expand eight of these existing units and establish another five Gems and Jewellery industrial estates. The Government is committed to make Goa an aspirational Sector-wise formally approved SEZs in Goa, December 2017 investment destination for best-in-class manufacturing, tourism, entertainment and other service industries, including research and Sector Developer Number of SEZs knowledge-based industries. Accordingly, the Government has set IT/ITeS K. Raheja Corp Pvt. Ltd. 1 an ambitious target of creating 50,000 jobs by 2019, facilitating new investments of around US$ 4.2 billion in the state during 2014-19. Peninsula Pharma Research Biotechnology 1 Centre Pvt Ltd Pharmaceuticals Meditab Specialities Pvt Ltd 1 Paradigm Logistics and IT/ITeS 1 Distribution Pvt Ltd Gems and Planet Mercantile Company 1 Jewellery Biotechnology Inox Mercantile company 1 IT Panchbhoomi Infrastructure 1 Source: Ministry of Commerce & Industry, Department of Commerce, Goa Industrial Development Corporation, Economic Survey of Goa 29 GOA For updated information, please visit www.ibef.org
DEVELOPMENT PROJECTS: SEZS AND INDUSTRIAL ESTATES … (2/3) Formal approvals granted in the Board of Approvals after coming into force of SEZ Rules Name of the developer Location Type Area (hectares) Meditab Specialities Private Limited Bhut Kham, Kerim Industrial Estate, Taluka Ponda, Goa Pharmaceuticals 123.20 Paradigm Logistics and Distribution Private Phase IV - Verna Industrial Estate, Goa. IT/ITeS 40.25 Limited K. Raheja Corp Pvt. Ltd. Verna Industrial Area, Goa IT/ITeS 105.91 Peninsula Pharma Research Centre Pvt. Ltd. Sancoale Tal- Mormugao, Goa Biotech 20.365 Planetview Mercantile Company Limited Verna, Goa Gems and jewellery 13.28 Inox Mercantile Company Private Limited Verna, Goa Biotech 48.48 Survey No. 260, Village Socorro, Bardez Taluka, North Panchbhoomi Infrastructure Private Limited IT 18.5 Goa District, Goa Source: Ministry of Commerce & Industry, Department of Commerce 30 GOA For updated information, please visit www.ibef.org
DEVELOPMENT PROJECTS: SEZS AND INDUSTRIAL ESTATES … (3/3) Taluka Industrial estate Ponda Bethora, Madkai, Kundai, Shiroda Pernem Tuem Bardez Colvale, Mapusa, Pilerne, Tivim Bicholim Bicholim Sattari Honda and Pissurlem Tiswadi Corlim Salcete Verna, Margao and Cuncolim Mormugao Sancoale Quepem Kakoda Sanguem Sanguem Canacona Canacona Source: Goa Industrial Development Corporation 31 GOA For updated information, please visit www.ibef.org
SOCIAL INFRASTRUCTURE – EDUCATION … (1/2) The state has a literacy rate of 88.7 per ent according to the data of Literacy rate (%) Census 2011; the male literacy rate is 92.65% & the female literacy rate is 84.66%. Total 88.70 During 2016-17, the total enrolments in schools were recorded to be Male 92.65 275,464. As per state budget 2017-18, the Government of Goa has proposed to Female 84.66 allocate US$ 6.24 million as financial assistance for Goa University, Goa is planning to set up an Indian Institute of Science, Education and Some of the higher education institutions Research, an Indian Institute of Technology (IIT) and an Indian Institute of Shree Rayeshwar Institute of Engineering and Information Management (IIM) by 2035; to become a leading educational hub in the Technology country. Padre Conceicao College of Engineering Vasco, Margao & Panaji are proposed to be developed as a smart cities in the state. National Institute of Oceanography In Budget 2017-18 the state government allocated US$ 0.89 million Parvatibai Chowgule College of Arts & Science additional grants for primary schools, that impart education in Marathi & Don Bosco College Konkani, 15 additional supervisors & 50 counsellors in all schools & higher secondary’s to be recruited, 11th standard students to be given laptops St. Xavier’s College with a budget of US$ 7.44 million, transport facility for students, integrated BITS Pilani Goa campus educational complexes at Mapusa & Margao to be developed. Source: Economic Survey of Goa, 2014-15, Goa State Budget 2016-17 32 GOA For updated information, please visit www.ibef.org
SOCIAL INFRASTRUCTURE – EDUCATION … (2/2) Goa has a number of leading engineering, business management, Educational Statistics, 2016-17 medical and legal institutes. The Maritime School, under the Captain of Ports Department, Primary schools 1,181 Government of Goa, is among the first of its kind in the country. Middle schools 68 As per the state budget 2016-17, under Goa Scholarship Scheme, the state government proposed to add ten more scholarships for Secondary schools 401 students by providing a unique 2 year funding window from the date of their selection. Higher secondary schools 99 The state government is planning to set up its 2nd medical college in Primary level teacher – pupil ratio 1:24 an under-construction district hospital at Margao. Higher secondary level teacher – Goa College of Pharmacy, set up in 1842, is one of the oldest 1:19 pupil ratio institutes in India. It offers bachelor’s, master’s & diploma courses in Vocational and professional 1 pharmacy. In 2015, the institute had 60 seats for bachelor's degree, 30 institutes 60 seats for diploma & 23 seats for master’s degree in various fields 1 of pharmacy. Teachers training institutes 5 As per state budget 2017-18, the Government of Goa has proposed Universities & colleges for general 1 25 to implement a new programme in the state for providing yoga education training as well as value education to the students of 350 primary Universities & colleges for 1 schools through Education Development Corporation of Goa. 27 professional education 1 Industrial Training Institutes (ITIs) 14 Source: Educational Statistics at a Glance 2015-16, Government of Goa, 12014-15 33 GOA For updated information, please visit www.ibef.org
SOCIAL INFRASTRUCTURE – HEALTH The state has better health ratios compared to the rest of the country. Health infrastructure (as of June 2017) Annually, around 276 persons were served per hospital bed during 2014-15. Primary health centres 47 Some of the renowned hospitals in the state include Apollo Victor Sub centers 218 Hospital in Margao, Manipal Hospital in Panaji & Vrundavan Shalby Hospital in Mapusa. Community health centres 10 As of October 2017, the number of primary health centres & sub Active district hospitals 3 centres in Goa were recorded to be 47 and 218, respectively. In Budget 2016-17, the state government has proposed to construct Active sub-district hospitals 2 a new building of 44 bedded PHC Cansaulim & a new building of 12 bedded PHC Prina during 2016-17. The projects are under Health indicators (September 2017) construction as per Budget 2017-18. 1 Further, the state government has also made a provision of US$ 2.43 Birth rate 12.9 million for buildings, US$ 0.18 million for books & periodicals & US$ 1 0.70 million for various equipment for Goa Medical College. Death rate 6.7 2 A provision of US$ 0.12 million has also been made for supplies and Infant mortality rate 8 materials & US$ 3.10 million is allocated for the completion of the 2nd phase of the building of Goa Dental College. In the Budget 2017-18 an amount of US$ 22.31 million has been set aside to set up a burns unit in Goa Medical College (GMC). Primary health centres will be upgraded with more beds & the New South Goa District hospital to be ready for public use in 2018. The state government announced ban on use of plastic bags effective from July 2017. Manufacturing, selling and carrying plastic bags would lead to imposition of a fine of up to US$ 74.37. Source: Goa Economy in Figures - 2015, Economic Survey of Goa, 2014-15 1Per thousand persons, 2Per thousand live births PHC# -Primary Health Centre, State Budget 2016-17 34 GOA For updated information, please visit www.ibef.org
CULTURAL INFRASTRUCTURE There are several sports complexes in Panaji, Margao, Ponda & other cities. Football is the major sporting activity; cricket is also growing in popularity. The state is home to the Goa Football Association & many renowned clubs like Sporting Clube de Goa & the Vasco Sports Club. Goa has a number of churches, chapels & convents of unmatched architectural beauty; most of these were built during the Portuguese rule. Some of the famous churches include Church of St. Francis of Assisi, Basilica of Bom Jesus (mortal remains of St. Francis Xavier enshrined), Lady Rosary and St. Augustine. The 5th Youth Delphic Games 2016 was hosted in Goa from February 1-14, 2016. The game combined 6 art categories & over 70 sub-categories, with many artistic events and activities. The age limit for participating in these games was between 15 to 25 years. The key hotels in Goa include Leela Kempinski, at Cavelossim, Taj Fort Aguada at Bardez, Park Hyatt at Cansaulim & the Intercontinental at Canacona. The Panjim Inn, Cidade-de-Goa & Majorda Beach Resort are well-known hotels in Margao. Goa is popular for traditional forms of performance arts like Natak, Tiatr & Zagor as well as modern art forms like Goan trance. Directorate of Sports & Youth Affairs of Goa has launched the Vision 2020 programme in an effort to encourage sports & produce Olympic players from the state. Department of Art & Culture organizes ‘Lokotsav’, to promote handicrafts & folk forms. The 18th Lokotsav festival was organized in January 2016. Construction of Konkani Bhavan under Konkani Academy is proposed under state budget 2017-18. In December 2016, Goa hosted a new music festival “Wonderwall”, which was curated by the Indian DJ Nikhil Chinappa. At the Goa carnival, the Indian Navy float showcased the profile of naval branch of the Indian armed forces, which provides coastal security & carries out anti-piracy operations. Goan film industry announced plans to collaborate with Jharkhand for making films. Under the central government 'Ek Bharat Shreshtha Bharat’ programme, the government of both the states organized a festival at ‘’Inox Courtyard’’ at Panaji on May 27 2017. 35 GOA For updated information, please visit www.ibef.org
INDUSTRIAL INFRASTRUCTURE Goa Industrial Development Corporation (Goa-IDC) is the nodal agency established for setting up of industrial estates & offering developed plots to industrial units in the state. Goa-IDC has established 20 industrial estates, spread across the state’s talukas & is currently working on the expansion of existing industrial estates as well as establishing new ones. 7 ITIs (industrial training institutes) in the state of Goa are covered under the World Bank Assisted Vocational Training Improvement Project (VTIP) while 1 ITI in the state has been taken up by the central government for upgradation through public private partnership. Industry clusters Industries Verna Rubber, plastics, petroleum products, pharmaceuticals, electronics and telecommunication equipment. Bicholim Engineering, oil products, plastics, leather, textiles, food processing, soaps and agro products. Kundaim Rubber, plastics, petroleum products, pharmaceuticals, steel fabrications and aluminum furniture. Margao Printing, plastics, herbal hair oils, cosmetics, ice blocks, engineering items and industrial diamond tools. Mormugao Shipbuilding and repair. Metal works, engineering, cold storage, food processing, electronic products, paper products, chemicals, paints Corlim and varnishes. Vasco Shipbuilding and repair. Source: Goa Industrial Development Corporation 36 GOA For updated information, please visit www.ibef.org
SMART CITY & AMRUT Panaji city is one of the 13 shortlisted cities in Fast Track Mode of City Challenge under Smart Cities Mission of the Ministry of Urban Development, Government of India. Through participation in this challenge, Panaji aims to fast track the achievement of a world- class city while retaining its heritage and cultural values. In order to convert Goa into a smart state, the CCP (Corporation of the City of Panaji) has set forth sub goals to create an enabling environment to preserve local heritage and to promote cultural tourism, to increase engagement of citizens to improve quality of life, to transform the city into a biodiverse and a sustainable city, to redesign Panaji as an inclusive ecomobile city and to enhance resource efficiency to attain a landfill- free city. The winning area based strategies proposed by Panaji include Retrofitting of Open Spaces Management, of Lake, River Precinct and sea shore protection, of Heritage areas, of Flood Management and unique projects such as building incubation centers and GIS based property and land management system. As per the Smart City Proposal, the list of projects in Panaji include: • Area Based Development: Service improvement for urban poor in Mala Fontainhas area, Integrated Urban Water Management, Church Square Revitalization, Provision of basic services in entire area (2 sq km), etc • Smart Transportation and Eco Mobility: Digital Enabled System for Public Bike Share System, Air Quality monitoring stations, Smart Parking, Smart Component for buses (GPS, automated fare collection etc.), etc • Smart Environmental Services: Trolley Bins with RFID tags, Biometric Attendance in 12 Zonal Offices, CCTV Surveillance of black spots, etc Under AMRUT (Atal Mission for Rejuvenation & Urban Transformation) scheme by the Government of India, the city of Panaji has been selected from the state of Goa. The main aim of the scheme is to promote use of public & non-motorised transport, & provide each household with tap connections as well as enhance & develop greenery across these local bodies during 2015-16 to 2019-20. Source: Census Organization of India, Smart Cities Mission, Corporation of the City of Panaji, AMRUT 37 GOA For updated information, please visit www.ibef.org
KEY INDUSTRIES … (1/2) Apart from having an established iron ore mining industry, Goa has emerged as a manufacturing base for several leading companies in areas such as fertilisers, tyres & tubes, cement, electrical machinery, fish-net making machines, automatic washing machines, printed circuit boards, pharmaceuticals & pharmaceutical machinery. Mining (iron ore and manganese), pharmaceuticals, iron & steel industries are located in North Goa, while mining & shipbuilding industries are present in South Goa. Tourism is the largest segment in the services sector; the Goa Tourism Development Corporation (GTDC) is responsible for promoting tourism in the state. The state is in the process of developing the logistics sector in Goa by forming a special logistics group and constructing several bridges to address the existing deficiencies with regard to logistics and warehousing. As per the state budget 2016-17, the state government proposed to take up the establishment work of a state-of-the-art festival venue as well as an IFFI Secretariat in the state on PPP basis. For the same purpose, an allocation of US$ 152.8 thousand has been made by Government of Goa. A dedicated task force is being set up to implement the project on fast track basis, as per Budget 2017-18. Key industries In Goa Biotechnology Tourism Mining Food processing Pharmaceuticals IT/ITeS Fishing Source: Economic Survey of Goa, 2014-15, State Budget 2016-17 38 GOA For updated information, please visit www.ibef.org
KEY INDUSTRIES – MAJOR CLUSTERS … (2/2) The cluster is run by the Goa Pharmaceutical Manufacturers’ Association (GPMA) and accounts for around 12% of the country’s medicine production. Principal products manufactured are tablets, capsules, ointments, liquid orals & injectibles. Pharmaceutical cluster The cluster has an annual growth rate of 18-20%; and, currently, 40 units are functioning under the cluster. Export of pharmaceutical products from Goa has increased from 2,157 metric tonnes in 2012-13 to 5,076 metric tonnes in 2015-16. The cluster is run by Goa Cashew Entrepreneurs’ Welfare Society with 300 functional units. Cashew karnel is the major product manufactured. Cashew cluster Fixed investment of US$ 5.2 million has been made. Export of cashew karnels has increased from 532 metric tonnes in 2012-13 to 775 metric tonnes in 2015-16. Source: Ministry of MSME, Government of India, Brief industrial profile of South Goa district 39 GOA For updated information, please visit www.ibef.org
KEY INDUSTRIES – IT/ITeS … (1/2) Despite being a small state and a late starter in the IT industry, Goa is ideally placed to Some of the key players capitalise on the opportunities available in the sector. Smartlink Network Systems Ltd Goa is one of the most literate states in India, with a literacy rate of over 88.7%; most Goans are conversant with the English language, which is the lingua franca for the IT Zenith Computer Pvt Ltd industry. PCS Technology Ltd As per state budget 2016-17, Government of India granted the approval to the state Crompton Greaves government for constructing the Electronics Manufacturing Cluster in Tuem by providing a central assistance of US$ 7.63 million to the state government. The project is under progress and being developed by Info Tech Corporation of Goa Ltd. Rajiv Gandhi IT habitat, Dona-Paula The state government is also planning to develop an electropreneur park in the Goa Situated seven kilometres away from the state College of Engineering in association with India’s Software Technology Parks and capital of Panaji. contribution of local ESDM industry, as per the budget 2016-17. Developed on an area of around 95 acres with The state is close to several business centres, such as Mumbai, Pune and Bangalore, the aim to attract IT/ITeS/BPO/KPO industries. of the country that provide growth opportunities. Goa University offers a postgraduate course in computer sciences, and there are over 250 other institutes imparting IT IT habitat is expected to attract investments to training and education. the tune of US$ 147–184 million. Under the Budget 2017-18, work for setting up a new IT park in Chimbel is targeted for Government aims to create employment for completion on priority and the development of electronic city at Tuem has been 10,000–12,000 persons through this park. approved. In April 2017, the state government announced an IT fund worth US$ 25.13 million, out of which US$ 2.23 million is to be used for boosting the startup sector in the state. The government has also proposed a startup promotion board, and US$ 74,371.56 to encourage incubation centres across the state. Source: The Directorate of Industries, Trade and Commerce, Government of Goa 40 GOA For updated information, please visit www.ibef.org
KEY INDUSTRIES – IT/ITeS … (2/2) Formerly D-Link (India) Private Limited, Smartlink Network Systems Ltd is one of India’s leading networking companies, offering an integrated value proposition that includes design and development, manufacturing, sales & marketing and service & support. It was established in 1993. The company has certified state-of-the-art manufacturing plants as well as a software and Research & Development (R&D) centre at Verna, Goa. The company earned Rs 4.39 crore (US$ 0.68 million) in revenue Smartlink Network during the first third of 2017-18. It has 17 offices in the country. Systems Ltd Established in 1980, the company is one of the largest personal computer companies in India. It employs around 800 professionals and has 15 branches across the country, with a 60,000 sq ft of production facility in Sancoale Industrial Estate, Zuari Nagar. In 2015-16, the company earned US$ 0.27 million in revenue. Zenith Computer Pvt Ltd PCS is an Indian technology company headquartered in Mumbai. The company focuses on facilities management services, software services as well as computer hardware. The company’s total income reached Rs 3.04 crore (US$ 0.47) million in the third quarter of 2017-18. PCS has a manufacturing facility in Goa, where it produces desktop computers, notebook computers and servers. It has a production capacity of 7,000 to 8,000 desktop computers per month. PCS Technology Ltd 41 GOA For updated information, please visit www.ibef.org
KEY INDUSTRIES – MINING The mining belt of Goa covers an area of approximately 700 sq km & Goa mineral reserves is mostly concentrated in the 4 talukas of Bicholim, Salcete, Sanguem & Quepem. Mineral Reserves (In ‘000 tonnes) The iron ore in Goa is export oriented with average annual export Iron ore-hematite 6,42,113 from Goa at around 30 million tonnes. Most mines in Goa are of open-cast type, which necessitates the Iron ore-magnetite 2,15,557 removal of over burden overlying the iron ore formations. During 2015-16, the state government created a separate District Mineral Manganese 23,271 Foundation under the MMDR Act, 1957, as per which the state’s Bauxite 53,072 mining firms need to deposit an additional amount of 30% of the royalty paid to this fund. Quartz/silica sand 20,004 Under state budget 2017-18, US$ 8.6 million has been allocated to the mining sector. Goa bauxite exports (tonnes) 2013-14 2014-15 2015-16 Some of the key players 153,400 267,220 209,745 Sesa Goa The Dempo Group V.M. Salgaocar and Company Ltd V.S. Chowgule and Company Ltd Source: As per latest available data Source: Ministry of Mines, Government of India 42 GOA For updated information, please visit www.ibef.org
KEY INDUSTRIES – IT/ITeS … (2/2) Vedanta Limited, formerly known as Sesa Sterlite, is a well-known mining company in India. It is the flagship company of the Vedanta Group and is India's largest iron ore exporter in the private sector. The Sesa Group of companies have been involved in iron ore mining for over five decades. Over the last two decades, the company has diversified into manufacturing of pig iron and metallurgical coke. As of March 2013, Sesa Goa has the rights to exploration & production of an estimated 433 million tonnes of iron ore. In 2012-13 and 2013-14, the company produced 3.7 million tonnes and 1.5 million tonnes of iron ore, respectively. Apart from Goa, it has mining operations in Karnataka. The company reported revenues of Rs 12,888 crore (US$ 1.99 billion) during the third Vedanta Limited quarter of 2017-18. The Dempo Group is one of the state’s leading mining and export companies. It has two subsidiaries for the mining business, i.e., Dempo Mining Corporation Private Limited and V S Dempo Corporation Private Limited. The company’s key products are iron ore fines, calibrated iron ore lumps and low-phosphate magnetite concentrates. Dempo has 19 mining leases in Goa, which are spread across 1,800 hectares. The Dempo Group The company was founded in 1952 as a mining and export company. It is one of the leading suppliers of processed iron ore to large steel makers such as POSCO and Nippon Steel Corporation (NSC). The company has its corporate office at Vasco-de- Gama and mining facilities in four different locations in Goa. It has diversified into the hospitality, shipping, real estate and education sectors. Over 10 million tonnes of material is handled at the mines every year during iron ore extraction. V.M. Salgaocar & Bro Pvt Ltd Chowgule Mining Division is a part of the Chowgule Group. The company has mines and three beneficiation plants in Goa (at Pale, Tudou and Costi). Chowgule’s run-of-mine ore production exceeds five million tonnes per annum, and its beneficiation plants produce over 3.5 million tonnes of iron ore and pellets every year. V.S. Chowgule and Company Ltd 43 GOA For updated information, please visit www.ibef.org
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