Investment and Industrial Policies- Goa
Goa Industrial Policy, 2003
The Mission of the Industrial Policy is to ensure accelerated Industrial Development, catalyze Economic Growth, ensure balanced Regional Growth, protect Environment and above all create sustainable Employment to local youth of the State.
Goa today has over 6700 Small Scale Industrial units, 147 Large and Medium Scale Industries employing over 50,000 people. The State has developed/ established 20 industrial estates; some of them are among the best in the country. The industrial activities encompass about 50 sub sectors which include tourism, pharmaceuticals, electrical and automobile accessories etc. Inspite of this, we are yet to achieve lot in the industrialisation process. The Government is now gearing up for accelerated industrial development and overall economic growth. While drafting this policy, proper environmental concern, social infrastructure, well being of its people and needs of existing industries have been taken into consideration.
With a well-spread network of banking and financial institutions, the State is in an ideal position to attract investments. In fact, Goa has one of the best deposit to credit ratios, which means that there is ample money with the institutions to advance for economic development. The per capita deposit is around Rs. 70,915/- per annum, whereas the per capita income at current prices is around Rs. 61,301/- per annum.
The policy document strives to achieve overall economic growth of the State through accelerated industrial development. The policy document focuses on the creation of sustainable employment opportunities for the people of the State. This will be achieved by providing industry an access to high quality infrastructure, extending institutional support, technology upgradation, deregulating the business environment for an efficient, proactive and transparent administrative framework and catalysing the entrepreneurial as well as creative capabilities of the human resources and providing market support.
Information Technology Policy of Goa
Information Technology is bringing about a revolution in the way we see the world. It is demolishing territorial boundaries and integrating the world in a way never considered possible. It is redefining the structure of economic systems by making it possible to track production processes separated globally without the physical presence of managers. Electronic data interchange and electronic commerce are replacing paper transactions. Capital is moving across the globe in seconds at the press of a key of the computer console. Innovation, change, accuracy of data, consumer driven economy and social change are redefining human relations and making us more and more driven by information technology.
The Government of Goa is committed to make Goa a leading Information Technology State in India. It is committed to make Margao-Verna-Vasco-Panaji-Mapusa corridor, one of the leading centres for software development in the world. The Government of Goa is committed to use Information Technology in the process of governance, education and in the development of infrastructure in the State.
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