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Home › Goa › Goa Industry

Goa Industry

Goa is an important centre for pharmaceutical manufacturing, with many plants around Verna, Kundaim and Ponda. Goa Shipyard at Vasco builds ships for the Navy and Coast Guard, and Mormugao port handles iron ore and other cargo. Food processing and electronics are also present.

The Goa Industrial Development Corporation manages the state's industrial estates.

Key industries

  • Tourism
  • Pharmaceuticals
  • Mining
  • Shipbuilding
  • Fishing and food processing

Specialties of Goa

Feni

Feni is Goa's own spirit, distilled from the fermented juice of cashew apples (the fruit the cashew nut hangs from) or from coconut toddy. Cashew feni is made in March to May, when the cashew apples ripen, often in small village stills.

Goa cashews

Cashew trees, brought to Goa by the Portuguese in the 16th century, now cover much of the state's hill slopes. Goa's cashew factories shell, peel and grade the nuts, and Goa cashews are known for their taste and size.

Help for entrepreneurs and local industries

Every district has a District Industries Centre (DIC), run by the state's industries department. It is the first place to go to register a unit, to apply for the state's incentives and subsidies, and for help with central schemes such as PMEGP.

From the Goa government

From the Government of India

  • Udyam Registration: free online registration for micro, small and medium enterprises, with an Aadhaar number; the Udyam certificate is needed for most MSME schemes and for priority-sector bank loans
  • Prime Minister's Employment Generation Programme (PMEGP): loans to start a new micro enterprise, with a government subsidy of 15 to 35 per cent of the project cost (higher in rural areas and for women, SC/ST and other special categories); apply through the District Industries Centre or the Khadi and Village Industries Commission
  • Pradhan Mantri MUDRA Yojana: loans without collateral from banks, small finance banks and microfinance institutions: Shishu up to Rs 50,000, Kishor up to Rs 5 lakh, Tarun up to Rs 10 lakh, and Tarun Plus up to Rs 20 lakh for those who have repaid a Tarun loan
  • Stand-Up India: bank loans of Rs 10 lakh to Rs 1 crore to set up a new enterprise, for women and for Scheduled Caste and Scheduled Tribe entrepreneurs
  • Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE): guarantees bank loans to micro and small enterprises, so they can borrow without collateral or a third-party guarantee
  • Startup India: recognition by the Department for Promotion of Industry and Internal Trade, which brings tax and patent benefits, the Startup India Seed Fund and mentoring
  • PM Vishwakarma: for artisans and craftspeople in 18 traditional trades: recognition, skill training with a stipend, a toolkit grant and low-interest loans without collateral
  • PM Formalisation of Micro Food Processing Enterprises (PMFME): for small food-processing units: a 35 per cent credit-linked subsidy (up to Rs 10 lakh a unit), seed capital for self-help groups, and help with branding and marketing
  • Government e-Marketplace (GeM): sell goods and services online to government departments and public sector companies
  • MSME Samadhaan: file a case when a buyer has not paid a micro or small enterprise within 45 days
  • MSME Champions: the Ministry of MSME's help desk for complaints and problems with finance, approvals and markets
  • MSME Development and Facilitation Offices: the Ministry of MSME's offices in every state: advice, training, testing and the ministry's schemes
  • Small Industries Development Bank of India (SIDBI): the bank for small industries: loans, and refinance through other lenders
  • National Single Window System: one place to apply for central approvals and licences, and for many states' approvals
  • One District One Product: promotes a chosen product of each district, with help to find buyers and export
  • NIESBUD: the national institute for entrepreneurship training, under the Ministry of Skill Development and Entrepreneurship
  • myScheme: search central and state government schemes by state, occupation and other details

Schemes, limits and subsidies change with each budget: check the official site before applying.

Sources

Summarised from the state's industrial policy and the official profiles linked below. Specialties: Feni (Geographical Indication: Feni; One District One Product: North Goa and South Goa); Goa cashews (Geographical Indication: Goa Cashew (Kaju or Caju); One District One Product: North Goa and South Goa).

Reference links