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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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Electric Geyser

The geyser consists of a water tank fitted with two pipes – one for inlet of cold water and the other for outlet of hot water. The water tank is fitted with heating elements which are controlled by thermostats. The thermostats ensure that water is not heated above a set temperature value. The tank is normally covered with some insulating material and enclosed inside a metal casing. Water heating is a heat transfer process that uses an energy source to heat water above its initial temperature. Typical domestic uses of hot water include cooking, cleaning, bathing, and space heating. In industry, hot water and water heated to steam have many uses. India water heater market projected to surpass $ 600 million by 2023. Growth in the market is led by increasing number of new residential units and other construction activities coupled with rising per capita disposable income. Moreover, improving standard of living, technological advancements, and rising demand for low-cost and efficient water heaters is further expected to propel growth in India electric water heaters market over the next five years. Electric water heaters are currently one of the most popular water heaters among consumers globally. Though the global electric water heater market is moving towards maturity, continuous innovation on the part of manufacturers is driving the growth in the global electric water heater market.
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Hoses (Air-Based-Welding Hoses & Pesticides Spray Pipe)

Hose is a flexible hollow tube designed to carry fluids from one location to another. Hoses are also sometimes called pipes (the word pipe usually refers to a rigid tube, whereas a hose is usually a flexible one), or more generally tubing. The shape of a hose is usually cylindrical (having a circular cross section). Hose design is based on a combination of application and performance. Common factors are size, pressure rating, weight, length, straight hose or coil hose, and chemical compatibility. A hose is a long, flexible pipe made of rubber or plastic. Water is directed through a hose in order to do things such as put out fires, clean cars, or water gardens. Global Industrial Hose Assemblies market is driven by increasing construction, mining, agricultural and several other industrial activities that have led to improved demand for fluid transfer and handling equipment. One of the highlights of using Industrial Hose Assemblies in such applications is their capability to deliver or transfer the material with higher efficiency indirectly providing cost-effective solutions.
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PVC Stabilizer (Lead Stearate & Calcium Stearate)

Stabilizers are a class of chemical additives commonly added to polymeric materials, such as plastics, to inhibit or retard their degradation. Polymers can be subject to various degradation processes, including oxidation, UV-damage, thermal degradation, ozonolysis, or combinations thereof like photo-oxidation. These processes all degrade the polymer on a chemical level, leading to chain scission that can adversely affect its mechanical properties such as strength and malleability, as well as its appearance and colour. PVC Stabilisers are added either directly into PVC or in combination to prevent oxidation, chain scission, uncontrolled recombination, and cross-linking reactions caused by photo oxidation. Essentially, they protect PVC from the harmful effects of extreme temperature and ultraviolet radiations. PVC Stabilisers are of different types like Heat Stabilisers which are mainly used in Construction projects. The global PVC stabilizers market is estimated to register a CAGR of 5.90% during the forecast period, 2018-2023. Asia-Pacific is expected to dominate the market among other regions, supported by the growing automotive & electronics industry in countries, like China and India. Building & construction is expected to dominate the consumption of PVC stabilizers through the forecast period. Polyvinyl chloride (PVC) is one of the most important commercial plastic materials, but it is thermally unstable at processing temperature and hence, the processing of PVC at elevated temperatures requires the use of stabilizers. PVC stabilizers are used in various PVC applications such as pipes & fittings, window profiles, rigid & semi-rigid films, wire & cables, coatings & flooring, and others. PVC pipes & fittings application is the largest market for PVC stabilizers globally.
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Flexible Polyurethane Foam

Flexible polyurethane foam (FPF) affects our lives in many ways and new applications are rolling out on a regular basis. It is used as cushioning for a wide variety of consumer and commercial products including furniture, carpet cushion, transportation, bedding, packaging, textiles and fibers. FPF usage consists mostly of slabstock, which is used primarily for carpet cushion and furniture. Polyurethane foam articles without even noticing. Its applications are virtually endless, ranging from small but essential items such as sponges in the kitchen, medical dressings to large filters and soundproofing systems that keep our environment clean and quiet. Polyurethane is a leading member of the wide-ranging and highly diverse family of polymers or plastics. Flexible polyurethane foam is foam that is flexible (bendable and compressible) made of polyurethane. Polyurethane (PUR) is a polymer, linking carbamate molecules in chains which are cross-linked into three-dimensional webs. The growth of the polyurethane foam market in North America is mainly driven by the increasing demand for flexible polyurethane foam from end-use industries in this region. Moreover, there is a significant demand for polyurethane foam for specific applications, such as automotive seating and customer needs. The growth of the polyurethane foam market is primarily driven by the rising demand for polyurethane foam from the bedding & furniture and building & construction industries and ongoing urbanization in the Asia Pacific region. The unique properties of polyurethane foam are projected to drive the demand for polyurethane foam across the globe. In building & construction industry, polyurethane foams find promising application in insulated panels, wall and roof insulation, and for doors and windows gap fillers. Versatility, energy efficiency, thermal/mechanical performance, and environmental savings characteristics of polyurethane foams making it an ideal material for this industry. The global flexible polyurethane foam market is expected to grow at a CAGR of almost 8%, during the forecast period. Flexible polyurethane foams are light, durable and comfortable and can be molded into different shapes. They resist mildew and are hypoallergenic. Cushioning made of flexible polyurethane foam is resilient, durable and strong and it absorbs energy.
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N-Paraffin

Normal paraffins (n-paraffins) are linear, aliphatic hydrocarbons of C9-C17 chain lengths that are usually separated from kerosene or gas oil fractions of crude oil using molecular sieves. High levels of midrange n-paraffins, suitable for producing linear alkylbenzene (LAB), are produced at a gas-to-liquids. Paraffin is a mixture of hydrocarbons; it usually consists of about 10 different hydrocarbons, each containing from 10 to 16 carbon atoms per molecule; the constituents include n-dodecane, alkyl benzenes, and naphthalene and its derivatives. Paraffins are also called alkanes and have the general formula of CnH2n+2, where n is the number of carbon atoms in a given molecule. Paraffins are divided into two groups of normal and isoparaffins. Normal paraffins or normal alkanes are simply written as n-paraffins or n-alkanes, and they are open, straight-chain saturated hydrocarbons. Paraffin is used in cosmetics and personal care products to thicken formulations. With emollient and protective qualities, they provide stability to skincare and cosmetics and boost their viscosity and consistency. The personal care industry accounted for a healthy share of the global paraffin market, in 2017. Global demand of N-Paraffin is anticipated to reach 3.7 Million MT by end of 2021 mainly driven by the demand from LAB market. Though N-Paraffin demand is anticipated to grow at a CAGR of 1.6% Y-o-Y until 2018, industry has to operate at 92-94% to meet the global demand until 2020.
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Buttons from Hooves & Horns

Button is a small fastener, now most commonly made of plastic, but also frequently made of metal, wood or seashell, which secures two pieces of fabric together. In archaeology, a button can be a significant artifact. In the applied arts and in craft, a button can be an example of folk art, studio craft, or even a miniature work of art. In archaeology, a button can be a significant artifact. Textile industries is the major client of button manufacturing business.
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Spark Plug

Spark plug is a device for delivering electric current from an ignition system to the combustion chamber of a spark-ignition engine to ignite the compressed fuel/air mixture by an electric spark, while containing combustion pressure within the engine. A spark plug has a metal threaded shell, electrically isolated from a central electrode by a porcelain insulator. The central electrode, which may contain a resistor, is connected by a heavily insulated wire to the output terminal of an ignition coil or magneto. The spark plug is a seemingly simple device, although it is tasked with a couple of different but critical jobs. Global spark plug market is expected to reach $2,904 million by 2022, growing at a CAGR of 4.2% during the forecast period 2014 - 2022. Spark plug is an electrical device threaded into the cylinder of spark ignition engine, which produces spark at the required time to ignite the combustible air-fuel mixture in the cylinder bore. The device comprises shell, resistance, electrodes, and insulator. During the engine operation, when high tension current flows through the center electrodes, it ionizes the gas present between the electrode gaps, producing spark. A spark plug or a sparking plug is used to deliver electric current during the combustion process to produce spark. It has a metal threaded shell and finds its usage in numerous applications such as furnaces, marine, ignition and outdoor applications among others. It is an electrical device threaded into the cylinder of spark ignition engine. Spark Plug market stood is forecast to exhibiting a CAGR of more than 11% over the next five years. Growing automobile production and sales coupled with increasing preference for dual-fuel option passenger cars and various ongoing and upcoming technological advancements are expected to boost the sales of automotive spark plugs in India over the coming years. Spark Plugs are the device to transfer the electric current from ignition system to combustion chamber of a vehicle. Stringent regulations & norms by government regarding emissions & fuel efficiency and growth of automotive industries are driving the market for spark plugs.
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Acrylic Mirror

Acrylic Mirror is a lightweight, reflective thermoplastic sheet material used to enhance the look and safety of displays, POP, signage, and a variety of fabricated parts. Acrylic mirror is ideal for retail, food, advertising, and security applications. Acrylic mirrors are often used in place of glass because they are much stronger and don’t shatter like glass. Acrylic is also lighter, so carrying it and hanging it on a wall is easier.
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4, 4, Diamino Stilbene 2-2-Di-Sulphonic Acid

4, 4?-Diamino-2, 2?-stilbenedisulfonic acid is the organic compound with the formula (H2NC6H3SO3H) 2C2H2. It is a white water-soluble solid. Structurally, it is a derivative of trans-stilbene, containing amino and sulfonic acid functional groups on each of the two phenyl rings. The compound is a popular optical brightener for use in laundry detergents. It is produced by reduction of 4, 4?-dinitro-2, 2?-stilbenedisulfonic acid with iron powder.
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Khaini (Chewing Tobacco)

Khaini is a type of smokeless tobacco product consumed by placing a portion of the tobacco between the cheek and gum or upper lip teeth and chewing. Unlike dipping tobacco, it is not ground and must be manually crushed with the teeth to release flavour and nicotine. Chewing tobacco is typically manufactured as several varieties of product – most often as loose leaf (or scrap), pellets (tobacco "bites" or "bits"), and "plug" (a form of loose leaf tobacco condensed with a binding sweetener). Khaini is sometimes known as spitting tobacco. It is available in two forms, snuff and chewing tobacco. Snuff and chewing tobacco are commonly available in tins or pouches; popular brand names include Skoal and Copenhagen. Chewing tobacco holds significant market share due to easy availability and lower cost as compared to cigarettes. Growing demand of chewing tobacco, majorly among the low-income community of consumers is also influencing the market growth. Popularity of consumption of smokeless tobacco among the daily wage workers, is projected to be high due to the low cost and high production capacity of tobacco in the developing country.
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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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