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Best Business Opportunities in Goa - Identification and Selection of right Project, Thrust areas for Investment, Industry Startup and Entrepreneurship Projects

Agriculture: Project Opportunities in Goa

PROFILE:

Agriculture sector contributes one-fourth of the country’s GDP. India is the largest producer of milk, fruits, pulses, cashew nuts, coconuts and tea in world and accounts for 10 % of the world fruit production. India’s food grain production is expected to rise to 208.5 million tons by March 2006, from 204.6 million tons in 2005. Horticulture sector contributes 30 % of the agriculture GDP and accounts for 8.5 % of cultivated area. In the Global food processing industry Asia-pacific is accounting for 31.10 % of global market. India is the World’s second largest producer of food, next to China and has potential to be number one.

RESOURCES:

The major food crops in the State are rice, paddy, maize, jawar, bajra and ragi. While, main cash crops are coconut, cashew nut, arecanut, sugarcane and fruits like pineapple, mango and banana. Out of the total geographical area of 3702 sq km, the State has a rich forest cover of about 1424.46 sq km. Of this, 1224.46 sq km has been classified as Government forest (of which about 62% has been brought under Protected Areas (PA) of Wildlife Sanctuaries and National Parks) and the rest as private forests.

GOVERNMENT POLICIES:

Indian agriculture policy is aimed essentially at improving food self sufficiency and alleviating hunger through food distribution. In India, agricultural trade policy is a part of a larger food and agriculture policy regime that seeks to maintain food self-sufficiency while providing income support to the agricultural sector and poor consumers. The salient features of the new agricultural policy are:

•        Over 4 per cent annual growth rate aimed over next two decades.

•        Greater private sector participation through contract farming.

•        Price protection for farmers.

•        National agricultural insurance scheme to be launched.

•        Dismantling of restrictions on movement of agricultural commodities throughout the country.

•        Rational utilisation of country's water resources for optimum use of irrigation potential.

•        High priority to development of animal husbandry, poultry, dairy and aquaculture.

•        Capital inflow and assured markets for crop production.

•        Exemption from payment of capital gains tax on compulsory acquisition of agricultural land.

•        Minimise fluctuations in commodity prices.

•        Continuous monitoring of international prices.

•        Plant varieties to be protected through legislation.

•        Adequate and timely supply of quality inputs to farmers.

•        High priority to rural electrification.

•        Setting up of agro-processing units and creation of off-farm employment in rural

Fisheries and Aquaculture Sector: Project Opportunities in Goa

PROFILE:

The 'fisheries and aquaculture sector' is recognized as the sunshine sector in Indian agriculture. It stimulates growth of number of subsidiary industries and is the source of livelihood for a large section of economically backward population, especially fishermen, of the country. Fish production in India has increased more than tenfold since its independence in 1947. According to the Food and Agriculture Organization of the United Nations, fish output in India doubled between 1990 and 2010. India has 8118 Km of marine coastline, 3827 fishing villages, and 1914 traditional fish landing centres. India's fresh water resources consists of 195,210 Km of rivers and canals, 2.9 million hectares of minor and major reservoirs, 2.4 million hectares of ponds and lakes, and about 0.8 million hectares of flood plain wetlands and water bodies. As of 2010, the marine and freshwater resources offered a combined sustainable catch fishing potential of over 4 million metric tonnes of fish.

RESOURCES:

Fishing is another traditional and important economic activity of the State. Goa, being located on the west coast of India, has a coastline extending over 100 Km and inland waterways of another 250 Km, rich in marine wealth. Prawns, the valuable foreign exchange earner, mackerels, sardines, etc. are available in plenty in Goa coast. Fish is a protein rich food. It forms a chief component in the diet of about 90% of the population of Goa. Capture fisheries of Goa (India) constitute a highly productive sector. They remain one of the major sources of valuable food and employment and a net contributor in the foreign exchange earnings. As a result of this dramatic increase some marine fish stocks have started showing the sign of over-exploitation. Many small scale units based on fisheries resources like salt curing of mackerels, fish meat, fish oils, dehydration of fishes etc. are being set up under the State. The fishing activity has also given a big boost to canning, freezing and other fish processing units in the State. A couple of fish oil extraction as well as fish meal manufacturing units can also be set up in the State by utilising the rich fisheries resources.

GOVERNMENT POLICIES:

The Indian government announced NDSP as part of the economic reforms programme. The policy involved three schemes - leasing out of foreign fishing vessels to operate in the Indian EEZ, engaging foreign fishing vessels for test fishing and forming joint ventures between foreign companies and Indian companies on 49:51 equity basis in deep sea fishing, processing and marketing. Government of India started giving licenses to joint venture, lease and test fishing vessels.

Tourism: Project Opportunities in Goa

PROFILE:

Tourism in India is the largest service industry, with a contribution of 6.23% to the national GDP and 8.78% of the total employment in India. Tourism has become an important industry in many countries of the world, both in the east and the west. Various initiatives are being taken by the Government and other organizations to promote tourism here. Tourism is one of the fastest growing industries in the world. The number of tourists worldwide has been registering phenomenal growth and it is expected that this number would shortly touch 1.5 billion. Tourism contributes about 11% of the world work force and 10.2% of the global gross domestic products. The dynamic growth of this industry is evident from the fact that a new job is added to this sector every 2.5 second.

RESOURCES:

Goa is one of the most preferred places of holiday in India. It may not be the state to receive maximum number of tourists in India but the state is well known to receive international tourists on a large scale, more than probably any other state in the country. Thus, it is evident that tourism is the main source of income for the state government as well as residents who rely heavily on the tourists to boost of their trade. Notably, Goa is the state with the highest GDP in India. Agonda, Candolim, Calangute and Dona Paula are some of the Goa beaches that are most inviting. However, these are not the only beaches in the state. The beaches are known to witness a massive footfall throughout the year. Besides, the churches in the state are the living reminiscent of the Portuguese rule in the state of Goa. The beautifully adorned churches are one of the major contributors that led the state earn the sobriquet of "Pearl of the Orient".

GOVERNMENT POLICIES:

The basic Government policy would be to raise the quality of the infrastructure, which is a foundation for the sustainable growth of tourism and is crucial for accelerated benefits to the people of the state. Accordingly, Government would endeavour to provide:-

•        Encouragement to existing private initiatives through an appropriate package of fiscal and friendly taxation measures.

•        Investor friendly environment for new private initiatives through a combination of prompt processes and progressive fiscal and taxation policies.

•        Develop tourism as a non-invasive instrument of revitalization, conservation and growth.

•        A balanced tourism development as a part of the overall Area Development Strategy.

•        Public infrastructural facilities including local planning and zoning arrangements.

•        Entrust regulatory measures to ensure social, cultural and environmental sustainability.

•        Ensure that the type and scale of tourism development is compatible with the environment and social cultural milieu of the area.

•        Ensure that the local community is involved and the benefits of tourism accrue to them.

•        Ensure availability of trained manpower primarily from amongst the local pollution.

•        Undertake research, prepare Master Plans, formulate marketing strategies and organize domestic and overseas promotion and marketing jointly with the industry.

•        Ensure Regulation of Indigenous Tourism related Health Care System.

•        Measures to ensure promotion, facilitation and regulation of Tourist Trade.

Mineral and Mining: Project Opportunities in Goa

PROFILE:

A mineral is a naturally occurring solid chemical substance formed through biogeochemical processes, having characteristic chemical composition, highly ordered atomic structure, and specific physical properties. Common rocks are often made up of crystals of several kinds of minerals. There are some substances, like opal, which have the appearance of a mineral but lack any definite internal structure, are sometimes called "mineraloids". The minerals produced in India constitute one-quarter of the world's most popular mineral resources.

RESOURCES:

The State of Goa is a tiny emerald land on the west coast of the Indian Peninsula. The rich and varied mineral resources of the State have contributed handsomely towards the development and industrialization of the State. The State of Goa has an important position in the Mineral Map of the Country.  The production of iron ore accounts to about 13% of the iron ore production in India and its exports accounts to about 35% of the Country exports. The State of Goa is endowed with Mineral Resources.  Iron ore, Manganese ore, Bauxite are minerals of economic importance.  Besides there are minor minerals like Basalt, Laterite stones and rubbles, River sand, Murrum etc., which are in great demand as construction material.  This industry is labour intensive and provides work to large number of people. The Bauxite Mines are situated in South Goa over an area of 1263.678 Ha. with estimated reserves of 70 million tons. These are metallurgical grade bauxite which can also be used for various applications such as cement, alumina chemicals, etc.

GOVERNMENT POLICIES:

Strategy for mineral development and exploitation:

•        Notification for re-grant of mineral concessions.

•        Sustainable Development

•        Mine Rehabilitation

•        Simplification of Procedure

•        Environmental and ecological balance.

•        Development of Infrastructure Facilities

•        Financial Assistance

•        Value Addition and Upgradation of Minerals

•        Information Dissemination

•        Foreign Capital Investment

Waste Management and Recycling: Project Opportunities in Goa

PROFILE:

Waste utilization, recycling and reuse plays a major role in limiting resource consumption and the environmental impact of waste. Recycling is an integral part of any waste management system as it represents a key utilization alternative to reuse and energy recovery (Waste-to-Energy). Which option is ultimately chosen depends on the quality, purity and the market situation. Hazardous waste management is a new concept for most of the Asian countries including India. The lack of technical and financial resources and the regulatory control for the management of hazardous wastes in the past had led to the unscientific disposal of hazardous wastes in India, which posed serious risks to human, animal and plant life.

RESOURCES:

Goa produces around 300 tonnes of garbage, but with municipal bodies. The proliferation of plastic wastes in the urban and village environments of Goa, and the abysmally hopeless and inadequate arrangements of municipalities and authorities for the disposal of this plastic litter, are subjects which many environment NGOs and citizens have expressed anguish over right from the inception of the Goa Environment Federation (GEF). Goa receives around 2 million of domestic and international tourists per year. A tourist produces an average of 1kg of waste a day. If we calculate the waste therefore, generated by the tourism industry in Goa the figures are shocking and huge. This waste is leading to a loss of biodiversity which is linked to human activities and loss of landscape attractiveness affect a number of tourist destinations. Though a few civic bodies, including CCP, have initiated solid waste management programmes, the problem is also in coping with the huge outflow of non-biodegradable waste from tourism industry, shops and establishments and plastic-oriented packaging in a consumerist society. Around 2,000 composting units to treat wet waste have been set up at various levels, including individuals and housing colonies.

GOVERNMENT POLICIES:

National policy on waste management is set out in the October 1998 policy statement on waste management - Changing our Ways. It outlines the Government's policy objectives in relation to waste management, and suggests some key issues and considerations that must be addressed to achieve these objectives. The policy is firmly grounded in an internationally recognised hierarchy of options, namely prevention, minimisation, reuse/recycling, and the environmentally sustainable disposal of waste which cannot be prevented or recovered.

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Leather Shoes

Leather footwear are premium products occupying a significant market share in the global market for footwear. Additionally, rising health concerns are influencing individuals to perform indoor and outdoor physical activities. This trend has generated a high demand for athletic shoes, in turn increasing the demand for footwear. Over the past decade, the global market for footwear has witnessed a steady growth and is anticipated to continue at the same pace in the years to come. The estimation of global market is based on revenue generated by the sale of footwear across different geographic regions. All types of leather boots and shoes are manufactured in India. A modern boot or shoe consists of an “upper” which is attached to a `bottom'. Each of the two parts may consist of a single piece of leather or of two or more pieces. The upper and the bottom are attached to each other by means of thread, tacks, rivets, staple, screws, nails, adhesives etc. Fashion may come and go, leather antique is well as modern. Its substitutes are only its poor supplements. There is nothing like, leather. India is bound to take a lead in the manufacture of leather and leather products and top the list in the world within this century.
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Return: 1.00%Break even: N/A
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Coloured Flame & Perfumed Candles

Scented candles refer to the candles that have artificial/synthetic or natural fragrance material mixed into the wax emitting pleasant smell while burning. Scented Candles are commercially available in different shapes, sizes, and colors which are used as decorative items or for gifting purpose. Scented candles are mostly used to create ambience and relieve stress. The high sales of these candles can be attributed to growing popularity of various e-commerce sites, which has helped in creating a strong connection between manufacturers, suppliers and buyers. Vanilla is the most preferred fragrance for scented candles, amounts to almost 50% of the total sales of scented candles. Other popular fragrances include cinnamon, strawberry, peach, and apple or spiced apple scented candles. The upcoming trend of organic scented candles and customizing candle flavors is also leading to surge in sales of scented candles. With the rise in the number of working population, increasing urbanization coupled with growth in the disposable income along with other social factors such as increasing consumer interest in luxurious lifestyle, changing spending habits with shift towards recreation along with growing consumer awareness will continue to drive the market growth of scented candles from 2016-2022. The colour candles are covered in Fireworks industry. This type of candles may give any coloured flame depending upon the formulation. This type of candles are quite different than ordinary type of candles. It gives attractive flame in different colors and appeal to the people.
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Compact Disk (CD) Player

CD player is an electronic device that plays audio compact discs, which are a digital optical disc data storage format. CDs typically contain recordings of audio material such as music. CD players are often a part of home stereo systems, car audio systems, and personal computers. With the exception of CD boom boxes, most CD players do not produce sound by themselves. Most CD players only produce an output signal via a headphone jack and/or RCA jacks. To listen to music using a CD player with a headphone output jack, the user plugs headphones or earphones into the headphone jack. To use a CD player in a home stereo system, the user connects an RCA cable to the RCA jacks or other outputs and connects it to a hi-fi (or other amplifier) and loudspeakers for listening to music. They are also manufactured as portable devices, which are battery powered and typically used with headphones. Modern units can play other formats in addition to PCM audio coding used in CDs, such as MP3, AAC and WMA. DJs playing dance music at clubs often use specialized players with an adjustable playback speed to alter the pitch and tempo of the music. Audio engineers using CD players to play music for an event through a sound reinforcement system use professional audio-grade CD players. CD playback functionality is also valuable on CD-ROM/DVD-ROM drive equipped computers as well as on DVD players and CD-ROM/DVD-ROM based game consoles.
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Chokes and Patti

Choke is a simple device used in fluorescent lamp circuits to provide a H.V. Sure across the lamp electrodes during starting to initiate discharge through the low pressure gaseous medium between the two electrodes. It also limits the current during normal operation after the discharge has been established. Choke also called as ballast, consists of highly inductive insulated wire wound over sheet iron lamination enclosed in sheet metal covering. In electronics, a choke is an inductor used to block higher-frequency alternating current (AC) in an electrical circuit, while passing lower-frequency or direct current (DC). A choke usually consists of a coil of insulated wire often wound on a magnetic core, although some consist of a doughnut-shaped "bead" of ferrite material strung on a wire. The choke's impedance increases with frequency. Its low electrical resistance passes both AC and DC with little power loss, but it can limit the amount of AC due to its reactance. The F.T. Patties are manufactured as per the OEM specifications only is galvanized steel sheet material of 18 swg to 20 swg sheet thickness and channel width=48mm, channel depth=15mm. The fixing hole, are well specified for chokes, starter, holders and other purposes that these patties are made in mild steel sheets which don't easily deform under simple handlings. These are painted bright with Aluminium paints or zinc plated for attractive appearances.
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Nursing Home

Nursing homes are a type of residential care that provide around-the-clock nursing care for elderly people. Twenty-four-hour nursing care is available. Nursing homes will provide short-term rehabilitative stays following a surgery, illness or injury which may require physical therapy, occupational therapy or speech-language therapy. Nursing homes offer other services such as planned activities and daily housekeeping services. Nursing homes may also be referred to as convalescent care, skilled nursing or a long-term facility. Nursing homes may offer memory care services or have a separate area specified for memory care. Some nursing homes are set up like a hospital. The staff provides medical care, as well as physical, speech and occupational therapy. There might be a nurses' station on each floor. Other nursing homes try to be more like home. They try to have a neighborhood feel. Often, they don't have a fixed day-to-day schedule, and kitchens might be open to residents. Staff members are encouraged to develop relationships with residents. Most nursing homes have nursing aides and skilled nurses on hand 24 hours a day. The market size of hospitals and nursing homes will be Rs 54,000 crore with 20 per cent growth rate per annum; medical equipment Rs 9,000 crore with 15 per cent growth; clinical lab diagnostics Rs 9,000 crore with 30 per cent growth. In FY17, Indian healthcare sector stood as the 4th largest employer as the sector employed a total of 319,780 people. Rising income levels, ageing population, growing health awareness and changing attitude towards preventive healthcare is expected to boost healthcare services demand in future.
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Filter (for All Vehicles)

Filters containing an absorbent or catalyst such as charcoal (carbon) may also remove odors and gaseous pollutants such as volatile organic compounds or ozone. A particulate air filter is a device composed of fibrous materials which removes solid particulates such as dust, pollen, mould, and bacteria from the air. Filters containing an absorbent or catalyst such as charcoal (carbon) may also remove odors and gaseous pollutants such as volatile organic compounds or ozone. Air filters are used in applications where air quality is important, notably in building ventilation systems and in engines. Automotive filter remove the solid matters such as dust, mould and pollen from the fuel and gas. Automotive filters help the engine to run smoothly and ensure that there is adequate air flow to the engine which further lessens the fuel consumption and carbon emission. High research & development and collaboration between companies have been seen as an emerging trend across the global automotive filter market. The global automotive filters market is expected to intensify in the near future. The fragmented nature of competitive landscape likely to remain so due to an unstoppable influx of new players. An automotive filter aids in extending engine life, as it competently traps dirt and debris that damages the internal parts of an engine such as pistons and cylinders. A small particle of salt can damage the engine, which further entails high repairing cost. Automotive filters enables proper air flow to the engine, thus maintaining optimal combustion through appropriate air-fuel mixture.
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Ayurvedic Pain Balm (Ointment)

Ayurvedic pain balm helps in balancing the blood circulation and reducing the inflammation. Inflammation can be caused by building up of toxins under the skin and Ayurvedic ointment for muscle pain helps in getting rid of them. Ayurveda, the traditional Indian medicinal system remains the most ancient yet living traditions with sound philosophical and experimental basis. It is a science of life with a holistic approach to health and personalized medicine. It is known to be a complete medical system that comprised physical, psychological, philosophical, ethical, and spiritual health. In Ayurveda, each cell is considered to be inherently an essential expression of pure intelligence hence called self-healing science. In addition, to the self-healing concept, the use of herbal treatment is equally important in this Indian traditional system of medicine.
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Electronic Cut Out For Automobile

Electronic cut-out is an electronic protection which can charge and discharge the battery as per the alternator requires current. A pair of wire is mounted on the cut-out, called as phase and neutral which comes from the alternator discharged from the alternator and pases through the circuit of the cut-out. As the speed of the alternator increases and its terminal voltage rises, current will flow from the alternation to battery through electronic cut-out. When the output voltage exceeds the predefined voltage, which is adjusted before at potentiometer, then the cut-out does not allow the battery to charge again. The current flow through the cut-out will be grounded. Again when the alternator voltage decreases compare to the battery voltage, then the battery will start supply the current to the alternator. The supply of the battery current will continue till the voltage of the alternator rises to its pre-define value. The cut out has no part in varying the rate of charge of the alternator, its only function being to connect the battery to the changing circuit as soon as the alternator terminal voltage rises above that of the battery, and to disconnect the battery when the alternator terminal voltage falls below this level. If the cut out contacts remain closed with the alternator stationary, a heavy current will flow from the battery through the alternator armature and will very quickly burn out the armature conductors. For this reason it is extremely unwise to close the cut-out contact whilst the engine of the vehicle is stationary.
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Pressure Die Casting

Pressure die casting is a quick, reliable and cost-effective manufacturing process for production of high volume, metal components that are net-shaped have tight tolerances. Basically, the pressure die casting process consists of injecting under high pressure a molten metal alloy into a steel mold (or tool). This gets solidified rapidly (from milliseconds to a few seconds) to form a net shaped component. It is then automatically extracted. Die casting process is preferred for nonferrous metal parts of intricate shapes. Examples of products are automobiles appliances, hand tools, computer peripherals, toys, optical and photographic equipment etc. Advantages of Pressure Die Casting: • Lower costs compared to other processes. • Economical - typically production of any number of components from thousands to millions before requiring replacement is possible. • Castings with close dimensional control and good surface finish • Castings with thin walls, and therefore are lighter in weight Depending upon the pressure used, there are two types of pressure die casting namely High Pressure Die Casting and Low Pressure Die Casting. While high pressure die casting has wider application encompassing nearly 50% of all light alloy casting production. Currently low pressure die casting accounts for about 20% of the total production but its use is increasing. High pressure castings are must for castings requiring tight tolerance and detailed geometry. As the extra pressure is able to push the metal into more detailed features in the mold. Low pressure die casting is commonly used for larger and non-critical parts.
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Solar Water Heater

Solar water heater is a device that can be used to capture sunlight in order to heat the water in your pipes to be used for baths, showers, etc. Solar water heater or SWH comprises a solar panel, inverter system, and a water storage tank. The sunlight that falls on the solar panels is used to heat the water inside the insulated storage tank either through a pump or directly through the thermosyphon principle. In the thermosyphon principle, fluid circulation is based on natural convention, where warm water rises and is replaced by cold water. Some of the advantages of SWHs over CWHs are: cost-effectiveness and reduced dependence on other fossil fuels. SWHs are generally installed on the roof of a building where the intensity of sunlight is maximum throughout the day. The market for solar water heaters in India is expected to reach INR 1369 crore till 2021. Karnataka and Bangalore are having maximum share in India. In India the SWH market has been through many ups and downs. The market changes drastically in some year, remains stable for a while and then again decreases as shown in the below graph. In solar water heaters the residential sector is driving the market. Residential sector has penetrated almost 80% in the market. Industries and other commercial institutes are also picking up solar water heater as a better option. Electric water heaters are still dominating the market, but solar water heater is also growing rapidly to make a considerate share in the water heater market. Global Solar Water Heater Market is projected to exceed USD 4 billion by 2024, growing demand for environment friendly, cost effective and reliable systems for water heating purposes across commercial, industrial, and residential sector will augment the solar water heater market. Ability to reduce electricity bill by 50% to 80% will encourage the product penetration over the forecast timeline.
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Information
  • One Lac / Lakh / Lakhs is equivalent to one hundred thousand (100,000)
  • One Crore is equivalent to ten million (10,000,000)
  • T.C.I is Total Capital Investment
  • We can modify the project capacity and project cost as per your requirement.
  • We can also prepare project report on any subject as per your requirement.
  • Caution: The project's cost, capacity and return are subject to change without any notice. Future projects may have different values of project cost, capacity or return.

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