Goa - Investment and Industrial Policies
Beach Shack Policy 2016-2019
If the number of eligible applicants is more than the number of beach shack permitted on any particular beach, the selection shall be decided by draw of lots, and the beach shacks shall be allotted as provided below. 90 % of the total beach shacks located on Government/ public beach areas shall be allotted to those applicants having a minimum of 03 years‘ experience;
Investment Policy 2014
Industrial activity in Goa received a boost during the period from 1993 to 2002 as a result of special income tax status from the Government of India and a sales tax holiday from the Government of Goa. Post these incentives, the state continued to grow. Goa' GSDP at current prices grew at 18% in the 2004-05 to 2009-10 period with the manufacturing sector growing at a healthy 14%. However, growth has been muted over the last few years due to the economic slowdown, and lack of a robust framework for industrial growth. The closure of mining activities in the state has further adversely impacted the state economy. The manufacturing sector grew at a low 2.8% in 2011-12 over 2010-11 while the overall GSDP growing at 5.9% largely due to the relatively healthy growth rate of 12.1% in the tertiary sector.
Industrial Policy of Goa
At the time of Liberation in 1961, there were hardly any industrial activities in Goa with the exception of mining. Contributing to this was that the State had lost out on two FiveÂYear Plans that had provided the rest of the Country a valuable lead in economic growth. Goa today has over 6700 Small Scale Industrial units, 147 Large and Medium Scale Industries employing over 50,000 people. The State has developed/ established 20 industrial estates; some of them are among the best in the country. The industrial activities encompass about 50 sub sectors which include tourism, pharmaceuticals, electrical and automobile accessories etc. Inspite of this, we are yet to achieve lot in the industrialisation process. The Government is now gearing up for accelerated industrial development and overall economic growth. While drafting this policy, proper environmental concern, social infrastructure, well being of its people and needs of existing industries have been taken into consideration.
Goa Biotech Policy 2006
Recognizing the potential of this sunrise sector, the Government of Goa is keen to facilitate accelerated development of biotechnology utilizing the natural,scientific, human and other resources in the State and the region by providing the required policy support keeping in view the unique requirements of the sector.
Information Technology
Investment Policy
2015-20
IT Industry: Will include development, production and services related to IT products and IT Software. IT Software: IT software is defined as any representation of instruction, data, sound or image, including source code or object code, recording in machine readable form and capable of being manipulated to provide interactivity to the user.
Start-up Policy-2017
Demographic dividend is one of India's biggest strengths. However, our demographic dividend can be leveraged only when a suitable ecosystem is made available for the youth to meaningfully deploy their energies, skills and talents towards the nation building and economic development processes. Hence facilitating entrepreneurship, which in turn leads to value creation and job creation, is a governance and a moral imperative which the Government of Goa is unflinchingly committed to. Hence the Government of Goa has released this start-up policy, which pertains to proliferation of technology start-ups and unleashing of economic opportunities across the state of Goa.
Solar Policy-2017
Solar energy is the most secure of all energy sources. It is abundantly available. It can be easily converted into electrical energy. Production of electrical power and its easy availability at regulated rates is an established benchmark of development. No major economic activity can be sustained without adequate and reliable sources of power. The challenges of Climate Change and Global Warming resulting from burning of fossil fuels are continuously threatening the world community. Solar Power generation offer an environmentally safe and sustainable alternative.
