Goa is a coastal state located in Western India. Goa is accessible through sea-route and has a presence of one of the 12 major ports in India at Mormugao. The state is also well-connected through rail and road routes. Beautiful heritage sites, white sand beaches, rich flora and fauna make Goa a tourist haven. The smallest state in India is also the richest one with the highest GDP per capita. This biodiversity hotspot is rich in ores and minerals and has mining as its second largest industry, while its economy is mainly tourism driven.
Goa has an international airport that is in line with its importance as a globally-recognised leisure destination. It also has significant port infrastructure. The state has an established base for the pharmaceuticals industry and an emerging destination for knowledge-based industries such as biotechnology and IT. According to the Department for Promotion of Industry and Internal Trade (DPIIT), FDI inflows into the state of Goa, during April 2000 to December 2018, were USD $981 mn.
Tourism is the highest contributor to the GDP of the state. Goa is a host of multiple social and cultural events on a global scale. It is the ‘ultimate party destination’ of India.
Export of pharmaceutical products from Goa was recorded to be 5,076 metric tonnes during 2015-16.
Goa has a mining belt covering a large area which is mainly concentrated in Bicholim, Salcete, Sanguem and Quepem. The mining industry has witnessed significant growth over the past years, producing 3.57 mn tonnes in 2015-16, from 0.6 mn tonnes in 2014-15.
As per the state budget of 2016-17, Government of India granted the approval to the state government for constructing the Electronics Manufacturing Cluster in Tuem by providing a central assistance of USD $7.6 mn to the state government.
Andhra Pradesh, the 10th most populated state in India, is home to about 4.1% of the country's total population. The state's population of 49.4 mn is equivalent to the population of Spain.
The Big Picture - Wooing FDI - FDI India
If India is prosperous and growth is high, FDI will come in: Abhijit Banerjee
Big announcement by Finance Minister Niramala Sitharaman for FDI in this year's budget.
RSS Chief Mohan Bhagwat's Full Speech To The Swayamsevaks In Nagpur On Vijayadashmi
Cabinet clears 100% FDI in coal mining, associated infrastructure