Goa, also a synonym for beaches and tourism, is now entering the many names of the industrial world. The state is genuinely witnessing rapid strides in industrial glory as industrial investments, infrastructure, and government support are growing. One of the questions most business followers and investors ask is: Which is the largest industrial area in Goa?
In this blog, we will examine the answer in detail regarding the relevant aspects of the largest industrial area in Goa, crucial industrial estates in Goa, and the ongoing momentum in the Goa industrial development process.
For more information: Business Ideas and Investments Opportunities
Introduction to Goa Industrial Development
Having gained significance in the last two decades, Goa’s industrial development has really taken up speed. Thus far, the developing industries in the state have gone through diversified manufacturing business units, covering everything from pharmaceuticals, food processing, and packaging to automobile components, wholly dependent on tourism and mining.
The Goa industrial development authority (GIDC) has been instrumental in the complete industrial framework through electricity, water supply, and land allocation, depending on the different industrial estates available in Goa.
Verna Industrial Estate – The Largest Industrial Area in Goa
The answer to the question: Which is the largest industrial area in Goa? would be Verna Industrial Estate. With an area of about 1035 acres, it is the largest area, and also the most advanced in terms of infrastructure and facilities, among others.
Located in South Goa, Verna has attracted both Indian and foreign companies in many fields, such as pharmaceuticals, biotechnology, food processing, and engineering. The presence of signature manufacturing giants has heightened Verna’s reputation in the Goa industrial development space.
Project Reports: Best Business Opportunities in Goa
Key Features of the Largest Industrial Area in Goa
1. Size and Infrastructure
The largest industrial area in Goa, Verna, is spread over a vast area with more than 300 operational industrial units. Roads, drainage, 24-7 power, and water supply make it a self-sufficient zone in terms of industrial setup.
2. Strategic Location
Verna, with all facilities for logistics and exports in close proximity to the National highway, Margao city, and International airport, has strong claims to being the foremost industrial estate in Goa.
3. Type of Industry Presence
Verna hosts pharmaceutical giant Cipla, food processing, and plastic industries, among others; thus, it provides an extensive range of manufacturing industries, thereby being the backbone of Goa’s industrial development.
4. Employment Generation
The biggest operational area in Goa, Verna, therefore, contributes largely towards employment generation in the state, with an estimated number of local and migrant workers running into thousands finding jobs in various manufacturing units.
Related Book: Bakery, Confectionery, Ice Cream, Chocolate and Cocoa Manufacturing
Top Companies in Verna Industrial Estate
Some of the well-known companies that have set up manufacturing units in Verna are:
- Cipla Ltd.
- Indoco Remedies
- Blue Cross Labs
- Nestle R&D
- Tulip Diagnostics
Their presence has turned Verna into a hub of Goa industrial development and inspired the growth of auxiliary businesses around it.
Other Noteworthy Industrial Estates in Goa
While Verna is the largest industrial area in Goa, other industrial estates in Goa also play a crucial role in boosting the manufacturing sector.
1. Kundaim Industrial Estate
Located in Ponda, it houses numerous medium-scale industries and contributes actively to the Goa industrial development landscape.
2. Pilerne Industrial Estate
This estate is known for its clean and eco-friendly environment and is close to North Goa, making it a favorite among startups.
3. Tuem Industrial Estate
Now being developed as an Electronic Manufacturing Cluster (EMC), it supports Goa’s ambition to be a tech manufacturing state.
Despite their individual strengths, these estates are smaller in comparison to the largest industrial area in Goa — Verna.
Related Article: What Is the Best Start Up Idea for Goa
Support for Manufacturing Business in Goa
For those of you contemplating entering the manufacturing business, Goa does have some advantages:
- Incentives & Subsidies under the Goa Industrial Policy
- Availability of skilled labor
- Quality power and water supply
- Access to ports and transport infrastructure
- GIDC provides ease of doing business
The push for Goa industrial development by the government continues to attract new entrepreneurs and MSMEs.
Business Ideas: Select Your Startup Ideas
Why Choose Verna for Manufacturing Business?
If you want to lay the foundation for your manufacturing business, you should prefer nothing but Verna, for the following reasons:
- It is the largest industrial area in Goa
- Well-planned infrastructure
- Ready market for B2B & B2C supply chains
- Excellent logistics support
Covering over 1000 acres, Verna has indeed set the benchmark for industrial activity in the state among all industrial estates in Goa.
Future of Goa Industrial Development
The future of Goa industrial development looks bright. With the development of the Tuem EMC, Agro-Processing Parks, and logistic hubs, Goa is expected to attract large-scale investments. The government is also promoting the ‘Make in Goa’ initiative, particularly targeting the manufacturing business sector.
Efforts are being made to improve ease of doing business, streamlining clearance processes, and offering investor support, especially in estates like Verna — the largest industrial area in Goa.
Youtube Video: Best Profitable Manufacturing & Processing Business Ideas in Goa | India to Start.
Conclusion
To conclude, when it comes to which is the largest industrial area in Goa, the answer is clear — Verna Industrial Estate. Its size, infrastructure, company presence, and strategic location make it a preferred choice for manufacturers and investors alike.
For entrepreneurs and manufacturers looking to set up shop in the state, understanding the significance of the largest industrial area in Goa, exploring various industrial estates in Goa, and leveraging the momentum of Goa industrial development are key to success.