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Economy of Goa
| Goa - Infrastructure |
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| Phone services |
Reliance Nynex |
| Phone Services |
DoT |
| Railway Track Length |
79 km |
| Domestic Airports |
1(Dabolim) |
| Cities Linked |
Bangalore, Delhi, Hyderabad,
Mumbai, and Thiruvananthpuram |
| Road Length |
6,300 km |
| National Highway Length |
224 km |
| Ports |
5(Panaji, Marmugao, Margao, Mapusa, Ponda) |
| Industrial Zones & Parks |
10 |
| State-Identified Priority Sectors |
Cash Crops, Electronics, Industrial Estates, Infrastructure, Development,Marine Products, Mining,
Technology, Products, Tourism |
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Goa - Industry
The state has number of large and medium sector units, besides around 6,000 small-scale units working here. There are 16 industrial estates besides the electronic city in the state.
The state has vast resources of minerals. The major minerals in the state are ferro-manganese, bauxite, and iron ore, which contribute substantially to the state economy.
Goa - Agriculture
Rice is the main food crop. Pulses, ragi and other food crops are also grown in the state. The main cash crops are coconut, cashew nut, areca nut, sugarcane and fruits like pineapple, mango and banana.
Goa - Incentives
Subsidy of 25% of equity, up to Rs 2.5 million, for new units and expansion projects
Sales tax exemption on finished products for Small Scale Industries (15 years), medium-and-large-scale units (12 years)
Income-Tax deduction on 20% of profits of hotels and industrial units
Loans of up to Rs 50,000 to entrepreneurs, repayable in 11 years, with 8% interest on a 5% margin
Rebate of 25% on commercial water-and-power-supply tariffs for new units
50% stamp duty exemption on bonds/mortgages in favor of state financial institutions/scheduled commercial banks
Assistance of up to Rs 2 million on a 15% margin for competent technicians/technocrats
Permission for NRIs to import plant and machinery and raw materials with their own foreign exchange
Price preference of 15% on purchases by government departments from registered units
Availability of sheds on a hire-purchase basis, with 10% down payment and rest payable over 10 years
Duty-free import of capital goods, components and raw materials for 100% export-oriented units
Total exemption from central excise duty and other levies for 100% export-oriented units
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