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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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Bauxite Calcination (by Rotary Kiln with Fine Grinding Ball Mill)

Calcined bauxite is an important raw material for two main markets: refractories and abrasives.Bauxite is a naturally occurring, heterogeneous material comprised primarily of one or more aluminum hydroxide minerals plus various mixtures of silica (SiO2), iron oxide (Fe2O3), titaniai (TiO2), alumino silicates (clay, etc.), and other impurities in trace amounts. India currently imports 60% of its Calcined Bauxite from China. Spurred by expansion of domestic steel production, a scarcity of acceptable quality of bauxite from China and raising import cost, drives are now under way in India to produce high grade bauxite from domestic bauxite sources.Global Calcined Bauxite Market was valued at $16,680 million in 2016, and is expected to reach $29,648 million by 2023. Thus, due to demand it is best to invest in this project. Few Indian major players are as under • Bombay Minerals Ltd. • Gujarat Bauxite Ltd. • Gujarat Mineral Devp. Corpn. Ltd. • Hind AluminiumInds. Ltd. • IntelliproAviatech Ltd. • M M T C Ltd.
Plant capacity: Calcined Bauxite: 40 MT/dayPlant & machinery: Rs. 219 lakhs
Working capital: -T.C.I: Cost of Project: Rs766 lakhs
Return: 26.00%Break even: 56.00%
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Bauxite Calcination (by Rotary Kiln with Fine Grinding Ball Mill)

Calcined bauxite is an important raw material for two main markets: refractories and abrasives.Bauxite is a naturally occurring, heterogeneous material comprised primarily of one or more aluminum hydroxide minerals plus various mixtures of silica (SiO2), iron oxide (Fe2O3), titaniai (TiO2), alumino silicates (clay, etc.), and other impurities in trace amounts. India currently imports 60% of its Calcined Bauxite from China. Spurred by expansion of domestic steel production, a scarcity of acceptable quality of bauxite from China and raising import cost, drives are now under way in India to produce high grade bauxite from domestic bauxite sources.Global Calcined Bauxite Market was valued at $16,680 million in 2016, and is expected to reach $29,648 million by 2023. Thus, due to demand it is best to invest in this project. Few Indian major players are as under • Bombay Minerals Ltd. • Gujarat Bauxite Ltd. • Gujarat Mineral Devp. Corpn. Ltd. • Hind AluminiumInds. Ltd. • IntelliproAviatech Ltd. • M M T C Ltd.
Plant capacity: Calcined Bauxite: 40 MT/dayPlant & machinery: Rs. 219 lakhs
Working capital: -T.C.I: Cost of Project: Rs766 lakhs
Return: 26.00%Break even: 56.00%
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High Temperature Aluminium Based Paint

Heat Resistant Aluminum Paint. 600°C. These paints can resist heat, flames, grease, rust and smoke, which make them ideal for specific applications.Paint is prepared by mixing a particular binder or binder combination, solvent or solvent blend, additives and, perhaps, pigment or group of pigments together in an exact way to produce a specific formulation that, when cured, will possess certain properties. Global demand for paint and coatings is forecast to rise 3.7 percent per year to 54.7 million metric tons in 2020, valued at $193 billion.The market has observed a surge in demand for High Temperature Coatings from the automotive industry for its usage in vehicle protection and is a crucial driver of the market. High Temperature Coatings are extensively used cookware, stoves & grills, bakeware as it provides excellent resistance against heat.Which facilitates the development of new technologies and ensure a high quality product. Few Indian major players are as under • A P Coatings Ltd. • Advance Paints Pvt. Ltd. • Akzo Nobel Coatings India Pvt. Ltd. • Asian Paints Indl. Coatings Ltd. • Asian Paints P P G Pvt. Ltd. • Bombay Paints Ltd.
Plant capacity: High Temperature Aluminium Based Paint: 200 Kg/dayPlant & machinery: Rs 8 lakhs
Working capital: -T.C.I: Cost of Project : Rs. 52 lakhs
Return: 28.00%Break even: 66.00%
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Dehydrated Fruits

Dehydration is a process by which shelf life of the fruits can be extended by evaporating water while preserving the taste.Dehydrated products can be used during off season and the fresh produce of far off places can be saved from decomposition due to severe weather conditions and inefficient transport facilities. It is one of the oldest methods of preserving fruit is removes moisture stops the growth of bacteria, yeasts & molds that normally spoil fruit. The Indian dried fruits industry size is currently pegged at Rs 15,000 crore (4,50,000 tons approx.). By 2020, this is likely to reach almost a million tonnes in volume, leading to an industry size exceeding Rs 30,000 crore. As a whole any entrepreneur can venture in this project without risk and earn profit. Few Indian major players are as under • EstelAgrotech Ltd. • Freshtrop Fruits Ltd. • Infragro Industries Ltd. • Konkan Mango Processing (Ratnagiri) Pvt. Ltd. • Peninsular Agro Pvt. Ltd. • Ready Foods Ltd.
Plant capacity: Dehydrated Fruits: 400 Kgs./dayPlant & machinery: Rs. 1084 lakhs
Working capital: -T.C.I: Cost of Project : Rs1425 lakhs
Return: 26.00%Break even: 45.00%
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Magnesium Sulphate (Fertiliser Grade)

Magnesium Sulphate is commercially available as heptahydrate, monohydrate, anhydrous or dried form containing the equivalent of 2-3 waters of hydration.Magnesium Sulphate occurs naturally in seawater, mineral springs and in minerals such as kieserite and epsomite.Magnesium Sulphate is used as fertiliser for supplying trace amounts of magnesium and Sulphate to the plant. Magnesium Sulphate of fertiliser grade manufactured by using magnesium ores. ? The fertilizers market in India is expected to reach a market value of USD XX in 2022 from USD 27.1 billion in 2016, growing at a CAGR of XX%.Global Magnesium Sulphate Market has very wide market in 21st century and it has been valued as $ 10,731.05 million by 2027 with a CAGR of 4.28%.This facilitates the development of new technologies and ensures a high quality product. Few Indian major players are as under • Liberty Phosphate Ltd. • Mahavir Green Crop Ltd. • Narmada Bio-Chem Ltd. • Pioneer Magnesia Works Pvt. Ltd. • Samruddhi Nutrients India Pvt. Ltd. • Sikko Industries Ltd.
Plant capacity: Magnesium Sulphate (Fertiliser Grade): 24 MT/dayPlant & machinery: Rs. 147 lakhs
Working capital: -T.C.I: Cost of Project: Rs. 434 lakhs
Return: 28.00%Break even: 56.00%
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Caffeine from Tea Waste

Caffeine belongs to a family of naturally occurring compounds known as xanthines. The xanthines, which come from plants, are possibly the oldest known stimulants. Caffeine is widely used in pharmaceuticals as free base and mixtures, such as 'Citrated Caffeine’s caffeine and sodium benzoate. Caffeine is very much used as a stimulant of the central nervous system and also as a diuretic, although its action as a diuretic is weaker than that of the ophyline. There is about 10% demand growth increase per annum. Up to 400 milligrams (mg) of caffeine a day appears to be safe for most healthy adults. That's roughly the amount of caffeine in four cups of brewed coffee, 10 cans of cola or two "energy shot" drinks.The global caffeine market is predicted to expand at a steady CAGR of around 2.5% by 2022.Entrepreneurs who invest in this project will be successful. Few Indian major players are as under • Aarti Drugs Ltd. • Aarti Industries Ltd. • Ankur Drugs &Pharma Ltd. • AstecLifesciences Ltd. • Bajaj Healthcare Ltd. • Bengal Chemicals & Pharmaceuticals Ltd.
Plant capacity: Caffeine: 20 MT/dayPlant & machinery: Rs. 350 lakhs
Working capital: -T.C.I: Cost of Project: Rs. 2268 lakhs
Return: 30.00%Break even: 61.00%
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Chilli Oleoresin

Paprika oleoresin is a natural food colorant used to obtain a deep red colour in any food that has a liquid/fat phase. The oleoresin is slightly viscous, homogenous red liquid with good flow properties at room temperature. Among the various market types of chilli, paprika type is being presently grown in very limited scale in restricted areas in India The global chillioleoresin market is expected to reach USD 695.1 million by 2024. India controls 60% of the 13,500-tonne global spice oleoresins market even as China has emerged as a strong contender in paprika oleoresin, the most in-demand spice oil.As a whole any entrepreneur can venture in this project without risk and earn profit. Few Indian major players are as under • A V T Natural Products Ltd. • AkayFlavours& Aromatics Pvt. Ltd. • AshianHerbex Ltd. • Biomax Life Sciences Ltd. • Enjayes Spices & Chemical Oils Ltd. • Indian ChilliesTrdg. Co. Ltd.
Plant capacity: Chilli Oleoresin: 250 Kgs./dayPlant & machinery: Rs 75 lakhs
Working capital: -T.C.I: Cost of Project: Rs. 237 lakhs
Return: 27.00%Break even: 60.00%
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Workwear, Uniform Clothing for factory (Thousers& High Visibility Long Sleeves Jackets)

Workwear is clothing worn for work, especially work that involves manual labour. Often those employed within trade industries elect to be outfitted in workwear because it is built to provide durability and safety.Garments of simple and typically very durable construction usually in poly/cotton fabrics, including boiler suits and coveralls, bib and brace, coats, jackets and trousers, as well as a wide variety of similar styles used in the catering and wholesale/distribution sectors. Indian consumer durables market is broadly segregated into urban and rural markets, and is attracting marketers from across the world.Per capita GDP of India is expected to reach US$ 3,273.85 in 2023 from US$ 1,983 in 2012.The global Workwear/Uniforms (Uniforms &Workwears) market is valued at 56700 million US$ in 2017 and will reach 79000 million US$ by the end of 2025, growing at a CAGR of 4.2% during 2018-2025.Thus, due to demand it is best to invest in this project. Few Indian major players are as under • All Colour Garments Pvt. Ltd. • Alpha Garments Pvt. Ltd. • Amartex Industries Ltd. • Ambattur Clothing Pvt. Ltd. • Dupont Sportswear Ltd. • E-Land Apparel Ltd.
Plant capacity: Trousers: 3000 Pcs/day High-Visibility Long Sleeve Jackets: 1000Pcs/dayPlant & machinery: Rs. 136 lakhs
Working capital: -T.C.I: Cost of Project : Rs1271 lakhs
Return: 29.00%Break even: 67.00%
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Liquid Urea-Formaldehyde Resin for Wood Application

Urea-formaldehyde resin is a major commercial adhesive, especially within the forest products industry. It offers a number of advantages when compared with other adhesive systems. Urea-formaldehyde resins are the most prominent examples of the class of thermosetting resins usually referred to as amino resins. The use of urea-formaldehyde resins as a major adhesive by the forest products industry is due to a number of advantages, including low cost, ease of use under a wide variety of curing conditions etc. The urea-formaldehyde market is expected to register a CAGR of 6.9% between 2018 and 2023. The market is expected to be augmented by growing demand for resins in the automotive. Furthermore, the increase in demand for UF resins is further propelled by the long shelf life and less maintenance costs.This facilitates the development of new technologies and ensures a high quality product. COST ESTIMATION CAPACITY Liquid Urea-Formaldehyde Resin : 8 MT/day Plant & Machinery : Rs. 71lakhs Cost of Project : Rs. 209 lakhs Rate of Return : 29% Break Even Point : 79%
Plant capacity: Liquid Urea-Formaldehyde Resin: 8 MT/dayPlant & machinery: Rs.71 lakhs
Working capital: -T.C.I: Cost of Project: Rs. 209 lakhs
Return: 29.00%Break even: 79.00%
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PVC Pipes

PVC pipes are produced by extrusion process followed by calibration to ensure maintenance of accurate internal dia with smooth internal boxes. These pipes generally come in lengths of 6 meters. A wide range of injection moulded fittings, including tees, elbows, reducers, caps, pipes saddles, inserts and threaded adaptors for pipe sizes 15-150 mm are available.The PVC pipes are much lighter than cast iron or A. C. pipes. Because of their lightweight PVC pipes are easy to handle, transport, and install. Global PVC Pipe Market size was valued at $54,246 million in 2015, and is anticipated to grow at a CAGR of 6.7% to reach $85,565 million by 2022. Polyvinyl chloride (PVC) is the third largest selling plastic commodity after polyethylene & polypropylene. It is beneficial over other materials owing to its chemical resistance, durability, low cost, recyclability and others; thus, it can replace wood, metal, concrete, and clay in different applications. Piping and piping systems are a major application of PVC resin.Entrepreneurs who invest in this project will be successful. ? Few Indian major players are as under • Ajay Industrial Corpn. Ltd. • Anant Extrusions Ltd. • Apollo Pipes Ltd. • Ashirvad Pipes Pvt. Ltd. • Ashish Polyplast Ltd. • Captain Pipes Ltd.
Plant capacity: PVC Pipes (Size 1 inches): 510 MT/Annum PVC Pipes (Size 1.50 inches): 825 MT/Annum PVC Pipes (Sizes 2 inches): 1107 MT/Annum PVC Pipes (Size 2.50 inches): 1758 MT/AnnumPlant & machinery: Rs. 58 lakhs
Working capital: -T.C.I: Cost of Project : Rs. 184 lakhs
Return: 32.00%Break even: 71.00%
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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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