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Goa: August 2012

August, 2012

Goa is located in the Western region of India. The state shares border with the Arabian Sea to the West, Maharashtra to the North and Karnataka to the South and the East. Goa has a coastline of about 104 km and inland waterways of about 255 km.

Goa is among the Indian states to have 100 per cent rural electrification. Goa is also among the few states in the country to have 100 per cent automatic telephone systems with a good network of telephone exchanges. Goa has a fiber-optic cable network spread through the state; it provides high -speed access for a wide range of internet-related services.

Apart from having an established iron-ore mining industry, Goa has emerged as a manufacturing base for several leading companies in areas such as fertilisers, tyres and tubes, cement, electrical machinery, fish-net making machines, automatic washing machines, printed circuit boards, pharmaceuticals and pharmaceutical machinery. Apart from the incentives and policy thrust, Goa is selected because of its ambience and pollution free environment, which is conducive to the pharmaceuticals industry. Tourism is the largest segment in the services sector; the Goa Tourism Development Corporation (GTDC) is responsible for promoting tourism in the state. Goa is a major exporter of sea-food to the US, Japan and the European countries.

The per capita GSDP of the state increased at a compound annual growth rate (CAGR) of 14.6 per cent between 2004-05 and 2011-12. The State has received cumulative foreign direct investment (FDI) inflows worth US$ 751 million during April 2000 to January 2012, according to Department of Industrial Policy & Promotion (DIPP).

In addition, Goa is also a globally recognised tourist destination, famous for its beaches and cultural diversity. Tourism is a key economic activity of Goa, has contributed substantially to the economic development of the state in terms of employment generation and a key foreign exchange earnings. The innovative marketing strategies to project Goa as an all-time leisure destination have resulted in higher tourist inflows over the years.

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