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SNAPSHOT

Goa is a coastal state located in Western India and is one of the fastest-growing states in the country. The state is also well-connected through rail and road routes and offers a coastline of ~106 Km and 255 Km of inland waterways.

The state is traditionally known as a tourist paradise, but it also has a robust presence in agriculture and fisheries as well as mining (iron ore and manganese). The state has one of the highest literacy rates in the country, and thus a flourishing set of knowledge-based industries including pharmaceuticals, biotechnology, and IT.

The state is richly endowed with minerals such as iron ore, manganese, ferromanganese, bauxite, and silica sand. It has about 23 industrial estates established by Goa Industrial Development Corporation and an installed power capacity to produce 595 MW and offers a low crime rate and strong infrastructure, including seven formally approved and three notified special economic zones (SEZs) (as of March 21 ).

Highest Literacy

3rd highest literacy rate amongst Indian states

Cargo Traffic

Goa is the most urbanized state in India with 62.2% urban population

Iron Ore

Highest per capita Net State Domestic Product in the country

Focus sectors Goa

Tourism

Tourism is the highest contributor to Goa's GSDP under the service sector.

The state recorded tourist arrivals of 8 mn in 2019 and is a key contributor to the Goan economy. The tourism industry directly contributes 16.43% to Goa’s Gross Domestic Product (GDP) and directly employs ~35% of the state's population. The state hosts multiple social and cultural events on a global scale annually.

Focus sectors Goa

IT and ITeS

As per state budget 2016-17, Government of India granted the approval to the state government for constructing the Electronics Manufacturing Cluster in Tuem.

Given the high literacy and presence of knowledge-based industries in the state, the Government of India has granted approval to the state government for constructing a world-class Electronics Manufacturing Cluster in Tuem.

Goa released its new IT policy 2018 with a vision to generate 10,000 additional jobs in the state.

Focus sectors Goa

Pharmaceuticals

Goa is a key exporter of pharmaceutical products, and over 90% of the formulations manufactured are exported.

Goa is the 4th largest Pharma producer of the country with more than 100 manufacturing units in the pharmaceutical sector. Exports from Goa in the pharma sector account for 12% of the total pharmaceutical exports of India.

Focus sectors Goa

Mining

The state conducted 22 e-auctions of the mineral ore stacks in various mines and stackyards. A total quantity of 13.54 Million Tons of mineral ore was sold.

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

62.17

Urbanisation Rate

Females/ 1000 Males
973

Female/Male Ratio

Male/Female Ratio

Demographics

About 67% of Goa's population is in the working-age group of 15-59 years.

Goa stands at 26th position in terms of population among all states in India. The total population of the state is 1.5 mn.

Industrial Land Bank Portal

GIS - based map displaying available infrastructure for setting up business operations in the state.

Data On Map

MAJOR INVESTORS

Updates From Goa