News Alert

August 16, 2018
The essentials: 5 things you must do for your startup to succeed 
The Indian startup ecosystem has accelerated over the last few years and come into its own, powered by factors such as funding, evolving technologies and an expanding domestic market. The progress of this thriving ecosystem has caught the attention of investors worldwide. .…more

June 07, 2018
World Bank Forecasts 7.3% Growth for India

April 29, 2018.
“Goa could be logistics and startup hub, says Suresh Prabhu”
Union minister for commerce and industry Suresh Prabhu, on Saturday, said that Goa has immense potential to be the next startup and logistics hub of the country. Speaking at the Goa Startup and Innovation Day organised by the state information and technology department, Prabhu said the Union ministry had already initiated steps to develop Goa in this direction.

“I am very happy that Goa will be the future hub of startups in India. In fact, we are already working towards it,” Prabhu said.…more

March 9, 2018
“Government eases norms for e-way bill generation.”
The government has made some changes to the e-way bill rules to further simplify the procedure for movement of goods under the Goods and Services Tax regime, giving more relief to smaller businesses, FMCG, courier and e-commerce companies.

Under the new rules, in the case of intra-state movement of goods, there will be no need for eway bill if the consignment’s total value is over Rs 50,000 but the individual consignment is valued at less than Rs 50,000, giving relief to e-commerce and courier companies that move packages for delivery… more

February 23, 2018
“Projects Rs 144.7Cr Revenue Surplus For 2018-19 Fiscal.”

Notwithstanding the expected closure of Goa’s mining industry, a mainstay of the state’s economy, Chief Minister Manohar Parrikar projected a revenue surplus budget for the fifth year in succession.

In his annual financial statement for 2018-19, Parrikar on Thursday said his government expects to show a revenue surplus of Rs 144.7 crore.

The chief minister also indicated that the public debt to the gross state domestic product (GSDP) ratio was expected to be sharply lower at 18.06% in the 2018-19 fiscal, as against 23.88% for 2017-18 as mentioned in the economic survey report for the current financial year…more

February 23, 2018
“Parrikar presents Rs.17,123-crore Goa budget.”
Chief Minister Manohar Parriker on Thursday presented a revenue surplus budget of Rs.144.65 crore for the financial year 2018-2019, with major focus on generating local employment in the State…more

February 9, 2018.
“Goa among 14 coastal economic zones.”
The Centre has identified Goa as one of the 14 Coastal Economic Zones along India’s coastline under the Sagarmala programme. Refining, steel and food processing industries have been shortlisted as potential sectors whose growth will be targeted in Goa, using Mormugao port as the linkage port.

The 14 zones have been identified as part of the National Perspective Plan of the Sagarmala programme. The idea behind developing the zones is to promote ‘development of port-proximate industrial clusters’…more

February 9, 2018.
“Goa’s draft startup policy to be ready by Mar 31’
Khaunte says policy will make Goa as a best startup destination in Asia by 2025.
Goa’s draft Startup Policy will be finalized by March 31, informed IT Minister Rohan Khaunte, on Thursday and added that the policy will make Goa as a best start up destination in Asia by 2025.

Khaunte was speaking as the chief guest at the three day Goa Biz Fest 2018 at Shyama Prasad Mukherjee stadium, Bambolim…more

February 3, 2018.
“Need to lay down strong edifice of Intellectual Property Right Regime:” Kunkolienkar
A one day seminar on Intellectual Property Rights(IPR) was held at Institute of Menezes Braganza on Tuesday. The programme was organized by MSME – Development Institute, Government of India, Margao, in association with World Trade Centre, Goa branch and Verna Industries Association, Verna; and was felicitated by V.M. Salgaocar College of Law (VMSCL), Miramar

The chief guest of the function was the president of MAIT, director (Member of the Board) at Synerga EMS Ltd. Nitin Kunkolienkar, who said that for the development of the nation, innovation has to sustain which warrants protecting strong edifice of IPR regime…more

February 2, 2018
“AIAI welcomes growth-led Budget for MSMEs”
The Budget has given a big thrust to Micro, Small and Medium Enterprises (MSMEs) to boost employment and economic growth providing Rs 3,794 crore for giving credit support, capital and interest subsidy and for innovations.

MUDRA Yojana launched by the government has sanction of Rs 4.6 lakh crore in credit from Rs. 10.38 crore MJUDRA loans, informed Mr. Vijay Kalantri, President, All India Association of Industries.(AIAI)…more

February 1, 2018.
Seminar on ‘Intellectual Property Rights’ held.
Intellectual Property (IP) battles plethora of challenges in modern world and this mandates awareness amongst the stakeholders, entrepreneurs, IP practitioners, teachers who play an active role in IP regime. Upholding the moto, a day- long seminar on “Intellectual Property Rights” was organized by MSME – Development Institute, Ministry of MSME Government of India, Margao in association with World Trade Centre, Goa branch and Verna Industries Association, at the Institute of Menezes Braganza Hall on Tuesday 30th January,2018…more

January 15, 2018.
“Talk on doing business in the US”
Goa’s business community had an enlightening talk recently with Purnima Voria, Founder and CEO of the National US India Chamber of Commerce. Voria who served as advisor to the Obama Administration on the National Advisory Council on Minority Business Enterprises for two years was a part of the Ivanka Trump led US delegation at the eighth annual Global Entrepreneurship Summit(GES) Hyderabad…more

January 1,2018.
“Local retail chains script success.”
Goa’s retail industry is witnessing accelerated growth and local retailers are growing faster vis-à-vis the outside chains.

Shrugging off competition from the online giants, Goa’s retail industry is growing at a fast clip. And among the players in the fray, the local supermarkets and showrooms are holding tenaciously to the market…more

December 11, 2017.
“The future boost from solar power.”
Goa for sure is trailing in the generation of solar power, but the recent announcement of the solar power policy has boosted industry and suppliers of solar systems in a big way.

After several states have robust solar policies in place and following huge strides made by them in the substitution of fossil energy with solar energy, Goa finally firmed up its solar power policy on December 6, 2017…more

December 11, 2017.
“To boost Make in India, framework for SEZs set for a complete makeover.”
India is eyeing a revamp of its framework for special economic zones (SEZs) to boost manufacturing, including the exemption of factories located in them from minimum alternate tax (MAT), seen as a key factor that has stunted the zones.

Other ideas include slashing the category of deemed exports besides reducing minimum area requirement for smaller and special category states. The proposals are likely to be considered during budget talks, but a final call will be taken keeping in view revenue considerations and government’s intent to cut corporate exemptions …more

December 10, 2017.
“Deep sea fishing will soon become reality for Goa’s traditional fishermen: Singh”

Stating that the deep sea fishing will soon become a reality for the Goan traditional fishermen, Union Minister for Agriculture and Farmers Welfare Radha Mohan Singh, on Saturday, informed that Goa government has agreed to make allocation in its next financial budget to provide financial assistance to the traditional fishermen to acquire deep sea fishing vessels equipped with modern technology. A deep sea fishing vessel costs approximately Rs 80 lakh…more

December 6, 2017.
“Under new solar policy, Goa eyes to produce 150 MW power by 2021.”
The Goa cabinet today approved the much-awaited Solar Power Policy, under which the state expects to generate 150 MW of power by 2021, Chief Minister Manohar Parrikar said here.

Parrikar, after chairing the cabinet meeting, also informed that the policy would become functional by the end of current financial year.
“Lot of people were anticipating the solar power policy. We had extensive discussions on the policy before finalising it,” he said…more

December 2, 2017.
“Ivanka’s message boosts Goa’s women entrepreneurs.”
Goa has recently seen a spurt in the start up sector, particularly among the ladies who are leading their businesses and ensuring that the impact to the society is felt by their presence…more

November 30, 2017.
“CM urges farmers to bring more land under cultivation. Launches app for one-stop solution on agri-information and cultivation.”
Urging Goans to hold on to ancestral land, Chief Minister Manohar Parrickar on Wednesday called for increased cultivation of horticulture crops by local farmers.

He said that most of the horticulture produce consumed in Goa is imported from Belgaum adding, “Locals are selling off their land which is not a good thing. One way to hold on to land is by carrying out economy activity on it.”…more

November 30, 2017.
“Minister mulls hefty fee on fish sale to other states.”
Fisheries minister Vinod Palyekar on Wednesday said the state fisheries department was planning on imposing a fee on the sale of seafood to other states, a domain that has so far gone unmonitored.

“Sale of fish from Goa to other states will attract a heavy fee to discourage fish from Goa’s coast being sold in other states. The intention is to make seafood abundantly available for Goans in Goa,” Palyekar said. He, however, added that the department is yet to draw out a list of states seeking fish from Goa and decide the amount they will be charged…more

November 24, 2017.
“Goa ranked third most tourist-friendly state.”
In the survey report, Goa is placed among the top three positions in four parameters: State Expenditure on Tourism, Presence of Branded Hotel Rooms, GSDP per capita and Urbanisation.

The report states that Goa has the second-highest density of branded hotel rooms in India and has consistently been maintaining its rank over the last four surveys. Both these aspects highlight Goa’s attractiveness as a tourist destination from the perspective of tourists, hoteliers and the government alike…more

November 21, 2017.
“Norwegian delegation in Goa to explore business opportunities.”
“We have expertise and most modern technologies in maritime issues, defence, surveillance equipments, solid waste management especially micro plastics and we hope that we can share our expertise with this beautiful State.

We have a huge business delegation accompanying us, which is already working with the Gujarat government and have shown keen interest in Goa,” said the Consul General of Norway, Ann Ollestad…more

October 31, 2017.
“Ban on fish exports bad for economy, say stakeholders.”
Following fisheries minister Vinod Palyekar’s statement that he is in favour of banning the export of fish from Goa, industry stakeholders said that the move will have a detrimental effect on the state’s overall economy.

“Exports form a major contributing factor to India’s economy. The minister cannot think of having a blanket ban on exports. That way Goa will only be looking at its benefit, not the overall benefit of the country,” said adviser, trade and education, World Trade Centre, Mumbai, A. O. Kuruvila…more

October 31, 2017.
“Tourism may set sail from Indian shores soon.”
Come 2018 and Indian sea farers can set sail for Australia, the Middle East, Thailand or Indonesia without having to first fly to Singapore or Bangkok to board a cruise liner.The government has prepared a plan to develop cruise tourism from India and is in talks with international companies to kick-start the facility by next year as part of efforts to promote the country as a complete tourist destination. The move is expected to boost revenue from tourism and create jobs. …more

October 23, 2017.
“Goa’s Startup Policy was announced last month on September 13, 2017.”
Goa’s Startup Policy has the target of launching 100 startups in a year. The policy has provisions for financial incentives for employing local youth in startups. It a part of the IT Investment Policy 2015 and has been made after talking to all stakeholders. The policy’s aim is to make Goa among the top 25 startup destination in Asia by 2025…more

October 17, 2017
“Remax Spacedeal hopes to change dynamics in realty brokerage business.”
Shawn Gracias, CEO, SpaceDeal Pvt. Ltd said “It was a very good deal for brokers who would be able to sell properties in the state to interested parties all over the country and make a tidy margin…more

October 17, 2017
“Mapusa to have nation’s first co-op mall in 2020.”
The country’s fist co-operative mall in the co-operative sector is likely to come up in Mapusa in the next three years, with Bardez Bazaar Co-operative Society designing and proposing the mall in the region. Covering an area of 3000 square metres , with an estimated cost of Rs.35 crore, the complex will consist of six floors…more

October 7, 2017.
“GST relief for SMEs, exporters; tax rates on 27 items cut.”
Highlights: Traders will pay1% manufacturers 2% and restaurants 5% under the composition scheme. Refund cheques for July exports will be processed by October 10 and refund cheques for August exports will be processed by Oct 18…moremore

October 7, 2017
“Goa has good borrowers, faces issue of low bank lending.”
The Reserve Bank of India (RBI) conducted the Sustained Credit Outreach for Rural Empowerment (SCORE) programme for banks in the state, in a major bid to increase the volume of bank lending…more

September 26, 2017
“Murthy ready to mentor Goa start-ups”
In a boost to promote Goa as a destination for start-ups, the state government on Monday received a positive response to its pitch from none other than Narayan Murthy, founder and chairman emeritus of Infosys Limited…more

September 25, 2017
“Solar energy policy draft formulated.”
The draft solar energy policy has been formulated by Goa Energy Development Agency (GEDA) and is waiting for the government approval.

The draft states that Goa is richly endowed with moderate climate and bright sunshine for almost 8-9 months in a year for generating solar power. The state of Goa entirely depends on thermal energy generated in other states…more

September 23, 2017.
“Non-IT start-ups urge government to make policy inclusive.”
With the announcement of the Goa Start-Up Policy which mainly covers the IT SPACE, Goa Inc is now waiting for the extensions of this policy into non-IT start-up areas which has shown phenomenal growth. The start-up policy should give the same leverage to those engaged in social sector as those given to IT space…more

September 21, 2017.
“Things Should Normalise for Pharma Sector from FY20-21.”
I will talk about Goa and Pithampur. For sure, we are expecting clearances. We do not expect in fact the issues to be escalated and we do think that Goa would get resolved in the shortest time frame possible. We are expecting it anytime and that is the case with Pithampur also said S.Ramesh, CFO Lupin…more

September 20, 2017.
“Goa to be priority state for start-ups: Prabhu.”
When I was Railways Minister, we got Rs.40,000 crore worth of investment/orders which in turn will create a huge supply chain and eco-system. In the Commerce and Industries Ministry, I am also working on how to integrate India into global supply chain. I am deliberating on this with various experts in this field, Mr. Prabhu told Herald”…more

September 19, 2017.
“Huge potential for Goan Marine Industry.”
India is moving towards blue revolution with an envisioned target of an estimated 5 million increase in fish production by 2020. The department she said is promoting ‘resource specific fishing like tuna, and have identified ‘open sea’ ‘cage culture’ as an ideal avenue in aquaculture. She urged the community to take optimum benefits of the schemes available…more

September 19, 2017.
“Suresh Prabhu meets Goan trade associations to boost exports.”
Manguirush Pai Raikar, national MSME Board member, said, “The idea behind Prabhu’s meetings with trade associations was to find ways to grow exports so that our country’s balance of payments situation improves. A number of products, which we import, can be manufactured in India under ‘Make-in-India’ initiative,which will also result in more employment.”…more

September 17, 2017.
“Entrepreneurs urged to look at biz opportunities in aqua farming.”
India is moving towards a blue revolution with an envisioned target of an estimated 5 million tone increase in fish production by 2010. The Department is promoting ‘resource specific fishing like tuna’ and have identified ‘open sea cage culture’ as an ideal avenue in aquaculture, “Fisheries Director Shamila Monteiro said at a seminar on Export Potential of Marine Products hosted by World Trade Centre ,Goa…more

September 16, 2017.
“Fisheries chief pitches for open sea cage culture.”
“We need to go for resource specific fishing and venture deeper into the seas, to enhance marine fisheries. Goa is suitable for open sea cage culture owing to its vast expanse of seas,” she said. Monteiro especially laid stress on the art of cage culture of fish, an activity that the department has been successfully carrying over the past few years…more

September 16, 2017.
“Marine exports has growth potential.”
India is moving towards a blue revolution with an envisioned target of an estimated five million tone increase in fish production by 2020. This was highlighted by Dr. Shamila Monteiro, Director of Fisheries, at a seminar on export potential of marine products organized by World Trade Centre, Goa…more

August 18,2017
“Open House Meet with Dy.DGFT Goa every Monday from 2pm onwards.”
Dy DGFT office at Goa will be open for Exporters for addressing their grievances related to foreign Trade. This important announcement was made by Dr. Sonia Sethi,IAS Addl Dir General Foreign Trade Mumbai.…more

August 17,2017
“Portugal India Business Hub inaugurated in Goa.”
PIB Hub looks to boost bilateral trade. Following Portugal Prime Minister Antonio Costa’s vist to Goa in January this year and Prime Minsiters Modi’s recent visit to Portugal, a Goa desk of Portugal India Business (PIB) was inaugurated on Wednesday by the Indian Ambassador to Portugal, K. Nandini Sangla…more

August 15, 2017
“Dy Director DGFT to meet exporters every Monday.”
Ever since Goods-and-Service-Tax (GST) was rolled out, exporters have remained worried about the compliance related issues of the newly introduced tax. What makes their life more difficult is the fact that there is no full-time Director of Directorate General of Foreign Trade (DGFT) as of now in Goa…more

August 15, 2017
“DGFT initiates weekly open house interaction with exporters.”
During a meeting organized on the “Niryat Bandhu Scheme & Open House on GST”, Guest of Honour ,
Dr. Sonia Sethi, IAS, Additional Director General Foreign Trade, Government of India, announced that weekly Open house meetings on Monday afternoons will be held in Goa at the DGFT office…more

August 15, 2017
“Open house for Goan exporters on Every Monday.”
In a major impetus to exports from Goa, the Director General Foreign Trade(DGFT) will be holding open house meetings on Monday afternoons for local exporters at the DGFT office, Panaji. The open house aims to resolve several issues pertaining to exports by local SMEs…more

August 15, 2017
“DGFT initiates weekly open house interaction with exporters to give impetus to exports.”
Additional Director General Foreign Trade, Dr Sonia Sethi, today announced that weekly open house meetings will be held in Goa at the DGFT office to facilitate exports from the state. Speaking at a meeting organized on the Niryat Bandhu Scheme and Open House on GST at World Trade Centre, Goa, in the city, she said the meetings to be presided by KM Harilal, deputy director,DGFT Goa, would resolve several issues pertaining to exports and would also encourage Small and Medium Enterprises (SMEs).…more

August 5, 2017
“State aims at 100 startups in 5 years”
With the aim of creating 100 new startups over the next five years, the department of information technology will soon launch the Goa Startup Policy after the Cabinet grants approval, minister for information and technology Rohan Khaunte said…more

July 31, 2017
“GTA will strive to place Goa on global IT map:”Salelkar
From 2015 onwards the things started to move and IT Policy got notified in 2016. We were all happy with it but it did not get in motion and it did not take off. The IT minister now is quite focused. He knows what he wants and he knows what he has to do for the industry…more

July 31, 2017
“MPT set for new look by 2019.”
Mormugao Port Trust (MPT) is one of the most important ports in the Konkan region, especially when Goa was exporting large quantities of iron ore. Several modernisation projects, at least half a dozen of them are underway now to not only give MPT a facelift, but also ensure environment is not damaged. …more

July 29, 2017.
“Need not be tech savvy to pay GST:” K. Anpazhakan,GST Commissioner Goa
Input tax credit (ITC) is the crux of GST regime where an honest tax payer can avail ITC credit, if he is honestly paying all taxes, filing returns on time and passing eligible credit to his buyer, GST regime has a concept of GST compliance rating where a tax payer will be rated, based on their performance…more

July 21, 2017
Parrikar: State govt will control nationalised rivers
A tripartite memorandum of understanding (MoU) will be signed in two months between the state, Centre and Inland Waterways Authority of India (IWAI ) on nationalization of rivers in Goa, CM Manohar Parrikar, who also holds the ports portfolio, told the assembly during Question Hour on Thursday…more

July 21, 2017
Awareness on GST is on: Commercial tax dept
Suggesting that it will take some time for the benefits of the Goods and Services Tax (GST) to create an impact, officials from the department of commercial taxes affirmed that they are taking measures to increase public awareness about the new tax regime…more

July 11, 2017
GMR secures 1,330 cr funding for Goa airport from Axis Bank.
“Having tied up funding for the project, we are working towards starting ground construction activity after the monsoons. We are confident that the new airport will significantly boost tourism in the state and also lead to jobs creation for the Goans.” Srinivas Bommidala, Chairman (Airports)GMR Group…more

July 1, 2017
“Goa joins nation’s migration to GST.”
With Goods and Services Tax (GST) coming into force, the indirect taxation landscape in Goa will change completely. While preparations for the roll out of the historic tax reform have been on for more than six months, the unorganized sector appears to be poorly informed about GST’s impact on business operationsmore

June 28, 2017.
“Plans afoot for five cruise terminals worth Rs 1500cr”: Nitin Gadkari.
The government will invest Rs 1,500 crore to develop five cruise terminals in the country, shipping and roads minister Nitin Gadkari said on Tuesday.

Gadkari said these terminals will be built in Mumbai, Goa, Chennai, Cochin and near Kandla port by the world’s best cruise tourism and terminal operation companies. …more

June 27, 2017
“Jobs for locals, incentives focus of startup policy.”
Making clear the government’s intention of providing jobs to locals, the startup policy, expected to be rolled out in 20 days, will focus on employment generation and incentives for Goan entrepreneurs.

“We will try and give whatever the IT industry wants as long as the focus is on local employment. We are not interested in huge industries coming to Goa and setting up shop. We want our Goan entrepreneurs to grow,” IT minister Rohan Khaunte said…more

June 27, 2017
“Local IT industry survived despite odds: Goa Technology Association.”
The Goa Technology Association (GTA), an association of about 80 local IT companies, held its first meeting on Monday with almost full attendance by all its members, government officials and stake holders…more

June 24, 2017.
“On track to become global brand: Team Buoyancy
Buoyancy Consultants and Engineering LLP is a purley Goan company with offices around the world. It is involved in offering ship and offshore design engineering apart from technical consultancy, project management to cite a few services…more

June 19, 2017
“Start-up competitions: Exposure, money, learning key takeaways for participants”.
Government of Goa along with private bodies has been hosting regular competitions to help start-ups get a leg up. Goa is buzzing with activity on the start-up front. In the past two years, the State has seen three major start-up competitions which have attracted from age 20 to 52.

June 13, 2017
“For Panaji urban transport, Centre OKs Rs 80cr projects”
The Union ministry of urban development on Monday approved urban mobility projects worth Rs 80.14 crore under the Atal Mission for Rejuvenation and Urban Transformation (Amrut) for Panaji. The funds, 50% of which will be contributed by the centre, will go towards development of urban transport systems in the capital that bid to reduce vehicular traffic congestion…more

June 12, 2017.
“Startups make almost 70 percent of the IT eco system in Goa.”
Launched recently in April 2017, the Goa Technology Association (GTA) is the first representative body of the local IT industry. Their aim is to work along with the government and educate them about the current IT ecosystem and bring forward the world class services and products developed by these companies …more

June 10, 2017.
Revised IT Policy likely to prop Goa Inc for success.”
President of the Goa Technology Association (GTA) Mangirish Salelkar said that “ GTA is working close with the government for drafting the new IT Policy which will work in the favour of the betterment of the industry in Goa.”…more

June 5, 2017
“Eight new trains introduced in Goa during last 3 yrs of NDA rule: Report”
Eight new trains were introduced in Goa during the last three years of the Narendra Modi-led National Democratic Alliance (NDA) Government at the Centre, according to a brochure released by Union Minister for Railways Suresh Prabhu recentlymore

June 3, 2017
“New startup policy likely to focus on IT-anywhere”
In a span of less than three months, the government is ready with draft Goa Startup Policy which is likely to focus on promotion of IT startups and the concept of IT anywhere. The policy aims at creating 5,000 jobs in the IT sector over the next five years and will work towards putting Goa on the global startup ecosystem map by 2025…more

June 1,2017
“Modi govt has focused on investment in infrastructure, governance.” Suresh Prabhu
Stating that problem with Railways was that there was no investment in it for the past many years, Union Railways Minister Suresh Prabhu today said the Modi government has focused on investing in rail infrastructure and governance, as Railways was going to be the major growth engine for infrastructure…more

June 1, 2017
“Indian Railways earned Rs.10,100 crores in 2016-17.”
Indian Railways achieved non-fare revenue of Rs.10,100 crore in 2016-17, which is almost 80 percent increase in one year, Union Minister of Railways Suresh Prabhu said here on Wednesday. We took long term calls to improve modal share for the first time ever in Indian Railways…more

June 1, 2017
“Railways eyeing for Chinese investment has requirement of Rs.8.56 crores.
Indian railways is looking for investment of Rs. 8,56,020 crores in next five years. A sizeable portion of this amount is expected to come from Chinese investors. This will eventually help boost the infrastructure development in the sector; Union Minister of Railways Suresh Prabhu said here on Wednesday…more

June 1, 2017
Mr. Prabhu said 16 per cent of the Indian rail network handled 60 per cent of railways work and that was the reason that most of the networks were operating on capacity of 150 per cent or 160 per cent”.
”I am happy to say that during the last two and half years, we have sanctioned 16,500 km of doubling or tripling. During the previous 70 years, it was just about 20,000 km. During the last five years average of capex of investment was Rs 35,000 crore…more

June 1, 2017
“India to replicate China model for railways: Prabhu”
Speaking at an event here on Wednesday about the railways’ performance in the last three years, Prabhu said that they will become the biggest recipient of investments in the coming years and will also become financially viable in the long run by creating crore jobs…more

May 29, 2017
‘Farmers need to take up organic farming”
Stating that Goa’s identity lay in local produce and that the government was committed to support the farmers, Sardesai said, “Goenkarponn is the philosophy of this government. Goa’s produce is about Goa’s pride. And we have to leverage this pride to derive benefits for the farmers by promoting ‘Made in Goa’ brand.” Stating that ‘brand Goa’ produce will be promoted by the government in the next six months…more

May 27, 2017
Make in Goa sell abroad: Ticlo “World Trade Day” observed.
Goa is known for its tourism, iron ore and pharmaceuticals exports but very few people are aware of small entrepreneurs who manufacture ophthalmic lens, handicrafts, automobile parts etc, and sell in foreign markets informed MLA Glen Souza Ticlo, who is also the Chairman of Goa Industrial Development Corporation(GIDC) on Friday…more

May 27, 2017
“Tourism stakeholders, bizmen welcome Tejas Express.”
The new high speed premium Tejas Express will run 5 days a week between Mumbai & Goa and will reduce to 3 times during the monsoon…more

May 24, 2017
Seminar on exports by WTC
The World Trade Centre Goa, in association with WTC Mumbai, Director General of Foreign Trade and Rosary College Navelim, is organizing an export orientation program. The seminar “Beyond Borders’ will be held be held at Rosary College Navelim, Goa on Thursday May 25, from 2.30pm. on wards to mark the “World Trade Day”…more

May 13, 2017
“IPB to work with Invest India for more biz in Goa”
In a move that could attract bigger investment and high quality manufacturing to Goa, the investment promotion board (IPB) has been tasked with coordinating with Invest India, the national investment promotion agency set up by the Union government…more

April 24, 2017
“Goan firms warming to apps”.
MNCs use it with finesse and so do national players. Now, Goan companies are slowly but steadily turning to apps to held generate new business. Ajit John spoke to business owners and app developers abut the situation in Goa…more

April 23, 2017
“Sagarmala to provide fillip to coastal shipping”:
Dr. Malini Shankar, Director General of Shipping, has said that Sagarmala project, launched by the Centre, is expected to integrate coastal trade and provide a fillip to coastal shipping. Addressing a round table meeting on shipping industry ‘An Economic Enhancer for International Trade’ organized jointly by World Trade Centre-Goa and World Trade Centre-Mumbai on 21st April, 2017 at EDC House, Panaji, Goa…more

April 23, 2017
“Several initiatives being taken for shipping development, facilitating ease of doing business:” DG Shipping.
Director General of Shipping Malini V Shankar has said that several initiatives are being taken for shipping development and facilitation of doing business in the sector. Speaking at a round table meeting on ”Shipping Industry an Economic Enhancer for International Trade, organised by World Trade Centre Goa, and World Trade Centre (WTC) Mumbai, said here yesterday…more

April 22, 2017
Round Table Meeting on the Shipping Industry- “An Economic Enhancer for International Trade.
“The challenge before the shipping industry is to increase tonnage and to align its services with requirements of the user industries” said Dr. Malini V Shankar, IAS Director General of Shipping while addressing a Round Table Meeting on the Shipping Industry- An Economic Enhancer for International Trade.” held on 21st April, 2017 at EDC House, Panaji, Goamore

March 24, 2017
“E-Waste Management Workshop “
A Workshop on ‘E-Waste Management- Challenges, Prospects and Strategies “was organized by PHD Chamber of Commerce,(PHDCCI) in association with World Trade Centre Goa and Ministry of Environment Forest and Climate Change was held on March 22, 2017at EDC House, Panaji,Goa…more

March, 23, 2017
“E-Waste Management Workshop
A Workshop on “E-Waste Management – Challenges, Prospects and Strategies was organized by PHD Chamber of Commerce and Industry in Association with Ministry of Environment Forest & Climate Change and World Trade Centre, Goa on 22nd March, 2017 at EDC House, Panaji, Goa…more

March 23, 2017
Workshop on ‘E-Waste Management- Challenges, Prospects & Strategies’ organized on March 22, 2017.
PHD Chamber of Commerce and Industry, in association with World Trade Center, Goa, Ministry of Environment Forest & Climate Change and Goa State Pollution Control Board organised a workshop on “E-Waste Management – Challenges, Prospects and Strategies held on 22nd March, 2017 at EDC House, Panaji, Goa…more

February 22, 2017
“Export awareness programme held.”
World Trade Centre, Goa in association with Dy. Director General Foreign Trade, Goa, Reserve Bank of India and World Trade Centre, Mumbai organized an Exports Facilitation Seminar at Panaji today. The objective of the seminar was to highlight the various schemes that the Ministry of Commerce and Industry has launched in its Foreign Trade Policy for 2015-20 to encourage exports…more

February 22, 2017
“Goan exporters not consistent in their export efforts: DGFT.
Goan exporters are not consistent in their export efforts, according to the local office of the Director General of Foreign Trade (DGFT).

Speaking at export facilitation on Tuesday, Ramesh Holeyachi, deputy director general, DGFT-Goa, said that export from Goa fluctuates in volumes despite the number of registered exporters increasing over the years…more

February 21, 2017
“Lack of awareness of schemes main reasons for low exports”
Lack of awareness of the various schemes of the government was one of the main reasons for low exports from the country, Ramesh Holeyachi, ITS, deputy director general of Foreign Trade, Goa, said today…more

February 14, 2017.
“MPT commissions solar power plant.”
The rooftop grid connected solar power plant which is operational within the premises of Mormugao Port Trust (MPT) at Headland-Sada for generation of power is proving to be very effective…more

February 6,2017.
“Goa’s agro- climatic condition makes it best suited for tropical vegetables.
Trend setting vegetable cultivation in Canacona. The agriculture department has targeted 20 hectares in the kharif as well as current rabi season for vegetable farming…more

February 2, 2017.
“Reduced Tax rate for MSMEs in the Budget to benefit 96% of India’s companies.”
With the reduced rate for the MSME sector, 96% of India’s companies will benefit from lower taxation. “25% rate for 96% of the companies. Excellent. Top 4% pay lower effective tax anyway. Loss carryover of 15 years under MAT is correct. However, no mention made on the GAAR preparation despite the tax administration challenge being immense,” …more

February 2, 2017.
“Economic Survey Promises economy to recover back to 6.75% to 7.5% in 2017-18.”
The Economic Survey tabled in Parliament by Finance Minister Arun Jaitley on Tuesday paints a rosy picture of the Indian economy overcoming ‘transitional ‘adverse impact of demonitisation on the GDP growth and promises the economy to recover back to 6.75% to 7.5% in 2017-18…more

January 26, 2017.
“Exporters from Goa briefed on schemes, GST”
With implementation of new tax regime, the Goods and Services Tax(GST) drawing close; efforts are being made to inform, educate and involve business leaders who may be directly affected by this new forms of tax. One such effort was made by the World Trade Centre, Goa by bringing together the exporters from Goa at Tivim Industrial Estate…more

January 26, 2017.
“WTC organises Open House Meet with Exporters.”
With implementation of new tax regime, the Goods and Services Tax(GST) drawing close; efforts are being made to inform, educate and involve business leaders who may be directly affected by this new forms of tax. One such effort was made by the World Trade Centre, Goa by bringing together the exporters from Goa at Tivim Industrial Estate…more

January 26, 2017.
“WTC organises Open House Meet with Exporters.”
The Government of India in its Foreign Trade Policy for 2015-20 has targeted to increase the share of exports from current two per cent to 3.5 per cent corresponding to USD 900 billion, Ramesh Holeyachi, deputy director general of Foreign Trade, Goa, said today…more

January 12, 2017.
“Dabolim registers 13.6%rise in foreign tourist arrival on e-visa.
This high growth may be attributed to introduction of e-tourist visa for 161 countries as against the earlier coverage of 113 countries…more

December 28, 2016
‘Goa bags three prestigious awards.’
Goa tourism has been endorsed as the Best Conference Destination at the recently concluded IITM, Pune. The award for Best Conference Destination at IITM, Pune was received by Jayant Jadhav, member of GTDC’s Board of Directors…more

December 26, 2016
“WTC-Goa ramps up efforts on women empowerment.”
The World Trade Centre Goa in association with their Mumbai office and Canara Bank recently organized a workshop for women entrepreneurs. The theme, “Enhancing Women’s Economic Empowerment was to encourage women to pursue their economic livelihood even as they go about taking care of their familymore

December 17, 2016
“Airlines in  India expect IT Budget increase in 2017”
The airports in India are positive about IT spending, with 80% of airports expecting an IT budget increase in 2017 over 2016. This vital investment in technology will ensure that India can fully capitalize on the growth that is expected in the next few years, said SITA vice-president Maneesh Jaikrishnamore

December 15, 2016
“GITP Releases IT Manifesto”
The association of Goa IT Professionals (GITP ) releases IT manifesto asks for fast track IT Investment Policy 2015 and formation of Goa IT advisory council in its IT manifesto. The manifesto released on Wednesday says that the government should provide eco-friendly IT parks for locals, attractive and transparent incentives to create the eco-system for IT Industry in the statemore

December 10, 2016
“CAI EXPO opens in a big way”
The three- day, The Hindu Business Line CAI(Construction, Architecture & Interior) Expo 2016, began on Friday in Dr. Shyama Prasad Mukherjee stadium Goa, with active participation of various players in the construction sectormore

December 2, 2016
Goa is not just meant as a tourist destination or wedding destination in the world, but is also on the forefront for promoting industries and companies which are environment friendly, pollution free and employment-generating” said the Chief Minister Mr. Laxmikant  Parsekar at  the iinaugural ceremony of Optel Vision – a provider of inspection, serialisation systems for global pharmaceuticals industry recently opened, based in IDC Vernamore

November 8, 2016
The state government is expected to roll out benefits under Goa’s information technology (IT) investment policy 2015-20 by mid-December, sources in the department of information and technology saidmore

November 3, 2016
20 new projects cleared, CM says Goa is ideal place to do business.”
The IPB has cleared 20 new projects at the 13th meeting held today. Chaired by the CM Laxmikant Parsekar, these projects will bring in 1107 crores and guarantee 2619 jobs to the youth of the state…more

October 17, 2016
During the Chinese Business delegation meeting at World Trade Centre Goa, they discussed of their plan to set up a 3-D printing manufacturing unit…more

October 14, 2016
Chinese investor delegation met business leaders in Goa under the agies of World Trade Center…more

October 14, 2016
World Trade Centre Goa, in collaboration with Rosary College, Navelim and I-Create organized a workshop on “Startups Basics for budding entrepreneurs” at the college premises…more

October 14, 2016
3D printing hub: Chinese co proposes MoU with Goa”. The Chinese delegation includes a few tour operators, who will be interacting with local stakeholders to see how Goa could be opened as a tourist destination for China. The delegation met with World Trade Centre Goa officials on Thursday evening to discuss partnership and trade linksmore

October 3, 2016
“Looking at the Goa scenario, most industries are medium, small and micro. The industry has come of age and has progressed to world standards.”…more

September 17, 2016
US Government’s officials from department of agriculture in India and FIFA, local chefs, departmental store owners get together to promote US foodsmore

September 16, 2016
World Trade Centre Goa celebrates “Engineers Day,” the birth day of Bharat Ratna, Sir M. Visvesvaraya. He initiated the entry of World Trade Centre in India, enabling the international business to prosper…more

September 10, 2016
“IT biggies intel, IBM, Wipro, Lenovo set to attend retreat for strategic discussion in Goa on September 16,17. IT companies to explore Goa as a possible destination.more

September 9, 2016
“The BRICS Summit 2016 in Goa” will be the 8th annual BRICS Summit, an international relations conference attended by the five member states which include Brazil, Russia, India, China and South Africa. For the first time Goa is hosting such an international event”…more

August 24, 2016
“Digital India” going to be a reality in the next few years and immense opportunity for the people especially in Information Technologymore

August 23, 2016
Industry expects more charter arrivals this yrmore

August 23, 2016
Goa Shipyard Limited has emerges as the fastest growing shipyard in the country with best operational/financial/productivity ratios and has received CCS Sanction for 5 Coast Guard vessels at a cost of over 2,000 cr…more

August 22, 2016
“The future with GST.” An analysis on the impact of the future tax on Goa’s economy…more

August 20, 2016
India, China hold Financial and Economic Dialogue…more

August 19, 2016.
Goa’s construction industry reacts positively to GST: Home buyer could benefit if rates are moderate…more

August 17, 2016.
The state government is preparing to showcase Goa as one of the best tourist destinations in India to attract foreign visitors from Brazil, Russia, China and South Africa (BRICS) during the upcoming summit…more

August 16, 2016
India : Rs 376 Cr Disbursed to Goan SMEs Via Mudra Bank
In order to highlight Mudra Bank’s tagline, World Trade Centre, Goa in partnership with WTC Mumbai, Micro Units Development & Refinance Agency Limited (MUDRA Bank), Reserve Bank of India (RBI) and The International Centre of Goa (ICG) held a programme called “Microfinance: A Game Changer for Financial Inclusion” on Friday…more

August 13, 2016.
“The BRICS Summit will do for Goa what CHOGM did all these years ago”. It will give us a lot of positive mileage in the world, said Savio Messias president of TTAG…more

August 13, 2016.
With changing buying habits, entrepreneurs big and small, are shifting from their ‘mom and pop’ shops and embracing the mall culture…more

August 13, 2016.
MPT cruise terminal to be ready by Dec. More cruise vessels expected in next season. says Jeyakumar Chairman, MPT.Cruise traffic is expected to grow in the current financial year bringing in high spending visitors to Goa, he said.more

August 11, 2016.

“Chinese President Xi Jinping sending minister to do recce of Goa ahead of BRICS. ”
Chinese Foreign Minister Wang Yi, on a visit to India to build confidence-building measures in the backdrop of bilateral tensions, arrives in Goa later this week — ahead of his dialogue in Delhi on Saturday — in what is rather an unusual step for an external affairs minister to oversee preparation of an international summit that will be attended by his President...more

August 8, 2016

“GST likely to boost realty space in Goa.”
GST ROLL OUT: Builders would like the GST to be pegged at 18%. Will allow for greater margins in units for builders. Ensure possibility of discounts in a year when required by consumersmore

 August 04, 2016
GST will result in better tax compliance due to a robust IT infrastructure. Because of efficiency gains and prevention of leakages, the overall tax burden on most commodities will come down, which will benefit consumers – Finance Ministrymore

August 1, 2016.
“Medical tourism is a part of the forthcoming tourism policy of the state. Many foreigners come to Goa to recuperate.Upgradation of medical facilities and also good emergency services are the essentials of medical tourism according to me,”says Savio Messias, President TTAGmore

July 27, 2016
“Centre, states make headway on GST issues”. ‘Ordinary businessman and common tax man will benefit from GST by way of lower tax rates…more

July 21, 2016
Banking on support from regional parties for passage of the GST Bill, Government today expressed hope that the Rajya Sabha will clear the indirect tax reform in the first week of Augustmore

July 20, 2016
In an attempt to boost aquaculture in the state, the state fisheries department recently launched new schemes for enhancing mussel and crab cultivationmore

July 20, 2016
As per the 14th Finance Commission, service tax is not shared with states. The earlier you pass the GST, the better it is for states so that they get a share in the Service Tax.” said Mr. Arun Jaitley Finance Minister…more

July 18, 2016.
“Spicing up Goa’s agriculture”
Spice cultivation is adding flavor to agricultural production in Goa with farmers reporting robust profits from it. The climatic conditions in Goa are suitable for cultivation of different variations of spices…more

July 11, 2016
“START – UP GOA” -The Government of Goa is now prepared to push themselves at par with other States. The Department of Information and Technology, Government of Goa, is planning to help those ‘ideating ‘start-ups by initiating the concept of “mind to market.”…more

July 9, 2016
WTC Goa: Goa’s business centre: “WTC Goa is doing an excellent service for Goan entrepreneurs by giving them a wide spectrum to increase their business horizon.” They are helping entrepreneurs not only to source material from suppliers all across the world but also to look at world markets which was not possible earlier. I am sure WTC Goa would help us a long way in the future says Mahendra Khandeparkar,Director Lift Controls Pvt. Ltd…more

July 5, 2016.
“GIDC to focus on improving infra at industrial estates.”
The GIDC has decided to focus on improving infrastructure in various industrial estates in the State…more

July 1, 2016
“Umang first Goan company to join Nasscom.”
Goa based Umang Software Tachnologies has taken that decisive step by becoming the first IT company from the State to becoming the first IT Company to become a member of Nasscom

June 28, 2016
“The Talk on “Microfinance: A game changer for financial inclusion,” was organised by World Trade Centre Goa on June 24, 2016. The Mudra Bank aims to disburse Rs.1,80,000 crore loans in 2016-2017..more

June 28, 2016
“Goa to host 12 BRICS events”.
The BRICS Summit 2016 under the leadership of Prime Minister Narendra Modi will be held in the state, reaffirmed Chief Minister Laxmikant Parsekar…more

June 27, 2016.
“Rs.376 Cr disbursed to SMEs in Goa through Mudra Bank.”
WTC Goa in association with WTC Mumbai, MUDRA Bank, RBI & the ICG Goa, organised a programme on ‘Micro Finance. A Game Changer for Financial Inclusion’…more

June 24, 2016
“World Trade Centre Goa, in association with the Micro Units Development and Refinance Agency Limited (Mudra Bank), Reserve Bank of India and The International Centre of Goa (ICG), will organize a programme on ‘Microfinance: A game changer for financial inclusion’ from 3pm onwards on June 24 at the ICG Hall, Dona Paula…more

June 21, 2016
IPB  okays 14 new projects:
Electronics manufacturing unit to come up at Verna…more

June 21, 2016
The Union government has radically liberalized the FDI regime today. 100% FDI in defence, 4 other sectors…more

June 07, 2016
Pranaam Goa! This initiative would be beneficial to tourists as well as medical tourism in our state…more

June 21, 2016
“IPB okays 14 new projects:” Electronics manufacturing unit to come up at Verna…more

June 21, 2016
The Union government has radically liberalized the FDI regime today. 100% FDI in defence, 4 other sectorsmore

June 20, 2016
“Union Railways Minister Suresh Prabhu laid the foundation stone for multi-model logistics Park at Balli,” in the presence of Union Defence Minister Mahohar Parrkiar on Sunday. This will be a first of its kind in Goa…more

June 18, 2016
“Goa – based SMEs could bag railway contracts.”
With a firm commitment to the Make in India programme, there could be a possibility of Goa-based SMEs getting some of the work, said Union Railways Minister Suresh Prabhu…more

June 18, 2016
“World’s most expensive luxury train could run on Goan Tracks.”
“There is ample scope for tourism development in Goa and Konkan belt and hence we have asked IRCTC to run the world’s most expensive luxury train Maharajas’ Express in the Southern India, covering Goa, Maharashtra and Kerala” said Union Railways Minster Suresh Prabhu…more

June 17, 2016
“Goa should bid for a coal block”.
The Centre would surely give Goa an opportunity, but the state government will have to make a fresh bid at the next auction, said Union Power Minister Piyush Goyal…more

June 14, 2016.
“BRICS to bring Goa enhanced infrastructure, facilities”.
This is one of the biggest international high-profile events with all VVIPS attending, said Chief Minister Laxmikant Parsekar…more

June 14, 2016.
“GST roll – out from April 1 if law passed in next session:
There are implementation issues which are working, but we feel that we can get all that done in time, said Minister of State for Finance Jayant Sinha…more

June 9, 2016
“World- class facilities at Dabolim in view of BRICS Summit” to be held in Goa on October 15 and 16, 2016.
Top dignitaries and diplomats from the member countries, besides about 10,000 delegates from India and abroad would come down to, Goa for attending the event said Union Minister for External Affairs Sushma Swarajmore 

June 9, 2016
“A two day summit on the theme ‘Smart Cities in the Era of Digital India” will be held in the city on June 10 and 11, 2016.
The particular event will serve as a platform for knowledge exchange between the key stakeholders, who are active in various fields of governance, urban development, education, health and finally, Banking, Financial Services and Insurance said City MLA and Vice Chairman of (GSIDC) Mr. Sidharth Kunkalienkar…

June 7, 2016.

“In 7 years, Goa will outshine south states in IT”.  Goa has not missed the ‘IT bus’ and would soon turn issues faced by the southern states into opportunities to attract investments, said  Chief Minister Laxmikant Parsekar…more

June 3, 2016
“Goa set for new tourism ties with Croatia, Iceland and Israel”
Indian Ambassadors to Croatia, Iceland and Israel have extended an invitation to Goa to promote its tourism facets which will boost travel and trade ties between this State and theirs in the coming future.

Interacting with the Hon’ble MLA & Chairman of Goa Tourism Development Corporation (GTDC) on Wednesday, all three Indian Ambassadors expressed the desire of promoting Goa Tourism in their respective countries in the wake of several commonalities of various aspects on the tourism front…more

May 25, 2016.

His Excellency Saut Siringoringo, Indonesia’s Consul General made an impassioned pitch for “Goans to work in tandem with Indonesia”.  He called upon Indians to invest in Indonesia to bridge the gap between the two nations and highlighted the potential trade opportunities…more

May 19, 2016
“Government agency looks at grid-connected solar power for future.”
The stakeholders from different fields will get technical insight into the establishment of solar power networks and grid connectivity at the session which will be conducted on June 10 at the secretariat, Porvorim.
Professionals will explain the working of a solar plant, maintenance required, how the distribution network functions, how fluctuations can be taken care of and necessary safety aspects among other related issues…more

May 10, 2016
‘India-Portugal trade potential unexplored.’
Despite the century-old ties between Goa and Portugal, vast trade opportunities between India and Portugal remain untapped, said Ambassador of Portugal to India, Dr Joao da Camara. World Trade Centre (WTC) Goa, which hosted a closed-door meeting with a Portuguese delegation, has proposed to bridge the gap between both nations and promote the development of trade, said WTC officials…more


May 9, 2016.

“Key macro-economic data to drive equity markets” 

Key Macro-economic data, combined with quarterly earnings’ results and the progress in parliament, are expected to flare-up volatility in the Indian equity markets during the upcoming week...more


May 9, 2016.
“Goa successful in solar cookers”
There are a couple of projects coming up in future that will hopefully set Goa on the solar map, says Dr. Pramod Pathak, member secretary GEDA…more

May 3, 2016.

“Master plans soon for projects on electronic city and IT park.
“Though the electronic City would be fully operational in next four to five years, it will start creation of job, in its IT units, startups and incubation centre, within one and a half year including training of the workforce, said Chief Minister Laxmikant Parsekar…more


April 29, 2016
“Indonesia’s Consul General favours strengthening of trade ties with Goa.”
Says Goa has a flourishing trading culture and is well connected by road, air and sea. The Consul General of the Republic of Indonesia. Saut Siringoringo is on a visit to Goa to promote India-Indonesia economic relations…more


April 27, 2016
“GTDC e-commerce portal, mobile app to help tourists plan holidays” – Corporation’s Managing Director believes 25-30 new hotels would dot the Goan landscape. Goa Tourism Development Corporation (GTDC) today launched its all new e-commerce portal and mobile application on the android and iOS platforms that will provide tourists assistance in planning their holidays in a planned manner whilst in the State…more

April 23, 2016.
“Looking to build Rs 100 cr venture capital fund”-Software Associates is one of the new breed of strategy consulting majors which has chosen to have a regional base in its operations. With a permanent off-site base in Goa for its global advisory business…more

April 20, 2016
“Entrepreneurs to interact over business prospects in Indonesia.” The Consul General of the Republic of Indonesia in Mumbai,  will be on a visit to Goa between April 28-30 to enhance business relations between Goa and Indonesia…more

April 20, 2016
“Seminar for start-ups by WTC – Goa” – To promote “Make in India” the World Trade Centre – Goa organized an interactive seminar on sustainable entrepreneurship.”Leapfrogging the barriers in your entrepreneurial journey” was the theme of the seminar, where the participants were urged to build their own enterprise…more

April 18, 2016
“Lot of scope for fire fighting industries“- Goa’s business potential in fire fighting industry is good and it is reflected in doubling of his turnover each year, adds Tiwari…more

April 14, 2016
“Programme for start-ups by WTC-Goa”– The World Trade Centre-Goa, is organising a programme for start-ups ‘Leap frogging the barriers in your entrepreneurial Journey ‘ in association with Centre of Incubation & Business Acceleration,(CIBA) and International Centre Goa, ICG, Dona Paula…more

April 11,2016
Goa to set up Processing units for Jackfruits”
Goa has bounty of jackfruit trees yielding large fruit whose weight is worth in money if processed, discovers. Plans are to start processing units in Goa to promote value addition in jackfruit while interested farmers are asked to attend training conducted at KVK, Old Goa…more

April 4, 2016
“Goa has highest average solar irradiation than even Nagpur”
Solar energy will definitely be cheaper and cost effective as compared to fuels such as LPG, diesel, furnace oil, etc. This irradiance factor is as the quality of the source of the power from the sun with regard to the average temperatures which has an impact on the efficiency of the solar panels….more

March 28, 2016
“Goa CM invites defence manufacturing companies to set shop in the coastal state” – Goa chief minister Laxmikant Parsekar on Monday used the stage of the DefExpo 2016 to telling effect by inviting defence manufacturing companies from across Indian and abroad “to set shop in Goa” under the NDA government’s Make in India programme. Speaking at the inaugural session of the four-day event at Naqueri-Betul in Goa, Parsekar emphasized his government’s commitment to facilitate a conducive climate to promote the growth of new industries in the state…more

March 28, 2016
“Pepper yields prosperity to farmers”
The king of spice is very much in demand today as one kg of black pepper is sold at Rs. 600 per kg while the rate for white pepper is Rs. 850 per kg. From April 2015 till date, the Goa Bhagaytdar, Canacona, purchased total 11,896 kg of pepper from the farmers. The National Horticulture Mission provides subsidy of Rs. 12000 per hectare of land…more

March 21, 2016.
“Rural SMEs bring in positive difference in Goa’s eco-system”. Time has come when SMEs need to diversify and widen their customer segment; both in terms of geographical location and also in industry sectors said Raj Kumar Kamat -VP, Goa State Industries Association…more

March 19, 2016
“WTC- Goa welcomes the Goa Budget” –
The World Trade Centre, Goa, reacted positively to the Goa Budget Y.R. Warerkar, director pointing out that it will create the much desired investment climate in the state…more

March, 17, 2016
CM announces populist schemes- 
Chief Minister Laxmikant Parsekar  on Wednesday presented the state budget for the year 2016-17 sized at Rs.14,694.17 crore, as against the previous budget of Rs.13,331.44 crore,showing an increase of 9.06 percent…more

March, 14 2016
“Goa’s non-alcoholic beverage market recently had a new player last week “with Mumbai based, Prystine Food & Beverages Pvt.  Ltd entering the fray on Thursday. The company launched Fruit Aqua, multi-flavoured water with Aloe Vera as its base…more

March, 10 2016
Fruit Aqua flavoured water launched – Packaged water industry growing at 20%; currently 2000 brands in market, 5 are national.  The launch of this product could not have come at a more opportune time. The overall beverage industry which has valued at Rs. 65000 Cr market is growing at 25-30 % growth ratio…more

March 8, 2016

GSL organises Vendor Development Meet – GSL organized Vendor Development Meet-2016 at GORC, Chicalim, Goa on March 5. Enhancing the indigenous content will not only result in reducing foreign dependence in defence manufacturing but also make Goa a ship building  hub in the country said Radm Shekhar Mital, NM (Retd), Chairman & Managing Director, GSL…more

March 8, 2016
Tourist arrivals to Goa cross five million mark in 2015. There was no drop in foreign tourist arrivals were up by 34 percent and foreign tourist arrivals up by 5.4 percent.  Goa Tourism also has reasons to cheer as foreign tourist arrivals from UK, Russia, UAE, USA, Portugal, South Africa and many others have shown an increase in arrivals to the state…more

March 7th, 2016
Retail witnessing a boom in Goa –
Retail is expected to grow with lesser rate of around 16% over next three years.   Gangaram Morajkar, chairman, Consumer Affairs Committee, GCCI felt the presence of malls in the State was a necessity given that the State had the money and people were going out to buy the brands that were not available here. He said “People have to go to specific areas of the city to buy clothes, or  jewellery or toiletries. In a mall all this is available in one spot. One can access the various brands available in the same category and compare and make the right decision. Earlier they would go to Mumbai, Pune, Bengaluru or even abroad to buy stuff.”…more

March 5th, 2016
DOIT places plan outlay of `12 cr before State budget –
The Department of Information and Technology (DOIT) has proposed before the State government to allocate Rs 12 crore for this year, in the upcoming budget. In case it is accepted, it will give a tremendous boost to the IT industry…more

Feb 27th, 2016
Retail gets a boost as Mall De Goa opens its doors today

Goa’s retail sector is all set to open a new chapter on Saturday with the state’s first full-fledged mall, Mall De Goa, set to allow both locals and tourists to explore international apparel as well as savour a variety of cuisine. The opening of a new mall will bring more entertainment options to families as well as tourists visiting the state. Mall De Goa is also expected to create direct employment for over 500 individuals and indirectly create employment for another 500, the directors said…more

Feb 22nd, 2016
Akar Suburbia to make luxury affordable to Goans: Borkar –
The real estate market in Goa went through a rough patch for about 24 – 30 months but since the last four months we have noticed an upbeat trend again.  We think that this trend is here to stay and are expecting significant improvements in the economy in the near future-said Chinmay Borkar, Director of Akar Reality…more

Feb 22nd, 2016
Goan inventors have to patent their inventions, says Ali –
In this ever changing global scenario, the issues of IPR have gained special importance for the micro, small and medium enterprise sector. IPR protection plays a key role in gaining competitive advantage in terms of technological gains for achieving higher economic growth in a market driven economy.   Goans have to become aware of the importance of intellectual property rights and more importantly take steps to ensure that what is intrinsically of this state is not taken advantage by others…more

Feb 22nd, 2016
Herbal’s hot run
A trend that is surely morale boosting for ‘Make in India’ is the spike in demand for herbal products. Goa is a western hub but westerners are coming to Goa for Ayurveda, yoga and giong back with great peace of mind.  The core of Allopathy is from abroad. India has rich repository of herbal medicines, but unfortunately we let it go for Allopathy.  It is coming back now. The trend is towards Ayurveda and natural not only in Goa but everywhere.  In Goa, Patanjali outlets have grown to almost 2,000. Our sales doubled in the last seven months and we expect it to double again in the next six months.  The region is doing a turnover of Rs 2 crore currently says Dr. Suraj Kanekar, super distributor, Patanjali…more

Feb 18th, 2016
Mines minister backs Goa miners on export duty-
“The Union mines ministry has written to the Union finance ministry for scrapping of 10% export duty on iron ore with Fe content below 58%, a move that is designed to make the mining industry in Goa more competitive.Quantum will be decided in a day or two,” mines secretary Balvinder Kumar told reporters here…more

Feb 12th, 2016
Goa tourism industry expecting support from upcoming Budget
Hoteliers said that they have kept fingers crossed on service tax reduction in the forth coming budget. It was increased in the previous Budget from 12.36% to 14% and made eating out expensive. Stakeholders in Goa’s hotel and hospitatlity industry are looking forward to tourism-friendly union budget that will support the local industry…more

Feb 12th, 2016
College youth will be sensitised on agricultural prospects
Efforts are aimed at providing boost to farmers. New marketing concepts will be introduced and we will be encouraging youth in colleges explaining them how they  can make their career in agriculture with the help of high – tech machinery.” Said Union Minister for Agriculture  Mohanbhai Kundariya… more

Feb 06, 2016
“Goans should take risks to create a business enterprise, says Manish Gosalia.”
I Create is an award winning non-profit entrepreneurship and employability skills training organization headquartered in Bengaluru. I Create has more than 20 centres across India, Mr Manish Gosalia, Regional Director, Goa & Master Trainer speaks at WTC organised Aspiring Entrepreneur workshop on how Goans are benefitting by…more

Jan 25, 2016
“No stake for Goa government in proposed Greenfield Airport ”
Goa airport will be the first airport project in the country where the state government will not be part owner. In another first, the building of an expressway between the airport and the city has also been included in the total project cost, which is estimated to be over Rs 3,000 crore…more

Jan 25, 2016
“Catch them Young”-Economic Development Corporation(EDC)recently announced a competition  recognising excellence in technology startups.”
To encourage entrepreneurs and create employment for locals and create employment for locals…more

Jan 22, 2016
“WTC to host meet for start- ups”
WTC Goa has arranged for the program -‘Aspiring Entrepreneurs’. This will be held on Feb 5, 2016, from 9.30 am – 12.30 p.m. at Panjim…more

Jan 22, 2016
“Entrepreneur programme on Feb 5 by WTC Goa”
An ‘Aspiring Entrepreneur’ programme will be held on February 5, 9.30 am -12.30 pm, organized by World Trade Centre Goa…more

Jan 22, 2016
“World Trade Centre comes forward to promote entrepreneurship in the state”more

Jan 20, 2016
‘Goa can take lead in Digital and Start-up India’
Goa’s initiative in Digital India and Start-up India has the possibility of powering the stating towards higher growth, according to Reserve Bank of India…..more

Jan 20, 2016
SUMUL entry will benefit dairy farmers ensure better milk collection
The government has authorised SUMUL to function on a pilot basis in the state. Addressing a press conference at the city Dr. Pramod Sawant said that there will be no financial  burden on the state……more

Jan 20, 2016
Chimbel residents feel IT park will lead to development
Large tracts of land have been acquired by the governmetn for the proposed project. Presently there are no opportunities in the state so students have to go to Hyderabad and Bangalore for IT Jobs…more

Jan 19, 2016
‘Electronic city,IT Park will complement startups:CM’
Startups competition to focus on supporting new entrepreneurs in the state, thus generating more jobs for locals….more

Jan 16, 2016
First International spice meet to be held in Goa: UNI
The All India Spices Exporters Forum, the premier spice industry and trade body of India, jointly with the Cochin Chamber of Commerce and Industry, will be hosting the first ever international spice conference in Goa from January 21 to 24. Informing this at a press conference here AISEF chairman Gulshan John said that the four-day event will be inaugurated by European Spice Association chairman Nils Meyer Pries and Managing Director Fuchs Gewurze Gmbh. Over 500 delegates including 150 international industry colleagues from 30 countries and several…more
For more details on the conference kindly click…here

Jan 16, 2016
Goa Agri-Expo 2016: Agri expo aimed at educating farmers
The State Agriculture Management and Extension Training Institute- Goa (SAMETI-GOA) Directorate of Agriculture, is organising an agriculture exhibition ‘Goa Agri Expo 2016’ till January 17 at Ravindra Bahavan, Margao. During the exhibition various technologies and services provided in the field of agriculture and allied sectors like horticulture, animal husbandry will be showcased for…more
For more information on the newly launched Hon. PM Modi’s initiative ‘Pradhan Mantri Fasal Bima Yojna’ to help farmers click… here

Jan 16, 2016
House passes bill allowing ecotourism projects in ESZs
Amidst yet another walkout by the Opposition, the state assembly on Friday passed an amendment bill allowing ecotourism projects in the eco-sensitive zones of wildlife sanctuaries of the state. The bill was relating to the ordinance promulgated by the government in November seeking amendment to the Goa Town and Country Planning Act 1975. The amendment bill has inserted new Section 42 A in the Act for facilitating ecotourism activities.
Section 42 of the Act says…more


Jan 15, 2016
Goa can be port facilitator for Central Asia: Srivastava
The Chief Secretary R K Srivastava on Wednesday suggested to senior journalist’s delegation from Central Asian countries, that Goa can be a good port facilitator besides Mumbai to navigate goods to landlocked countries of Central Asia. The delegation who is in India under Familiarisation Programme organized by the External Publicity Division, Ministry of External Affairs…more

Jan 15, 2016
Govt firm on its stand on Defexpo
Defying the opposition, government has decided to stand firm on its commitment to the Ministry of Defence to provide land at Naqueri- Quitol in the Quepem taluka for the ninth Defexpo India 2016, to be held  from March 28 to 31 this year. Chief Minister Laxmikant Parsekar said, “The land is provided to the Defence Ministry for the event for four days only. A decision on whether to allot the land for making it a permanent venue for the Defexpo will be taken…more

Jan 13, 2016
Tourism policy will be launched soon: govt
The government announced on Tuesday that the State Tourism Policy would soon be launched, after the former chief minister and the Margao MLA, Digambar Kamat took the Tourism Minister, Dilip Parulekar to task over the foreign junkets of the tourism departments, for holding tourism-related road shows in various countries, further stating that the government…more

Jan 13, 2016
International conference on psychology and allied sciences in Margao from Jan 16
Secretary of Association of Special Educators and Allied Professionals (ASEAP) Ravinder Dutt Hector said that the earlier research scholars and researchers had deep insights of the otucome of the last conferences which…more

January 2, 2016
“World Trade Centre gives thumbs up to Goa’s IT Policy”
The WTC on Friday welcomed the IT policy and said that it is a pragmatic policy that will create the much desired climate in the sector and generate employment in the state…more

January 2, 2016
Centre announces over 10,000 cr to Goa for infrastructure projects
The announcements came during the ceremeony held at Goa Velha for laying foundation stones by the central minister for  Rs.3,500 crore worth four projects…more

December 28, 2015
Goa has good ecosystem for IT, but still got a long way to go
Goa has a good ecosystem for IT companies but there is still a long way to go. We need to improve upon our Infrastructure. Internet is a basic need of an IT company and that needs to be better. The government should define a specific IT policy and take concrete steps to promote IT in Goa…more

October 18, 2015
Goa has become a hotbed for Startup activity and Talent
While Goa has the advantage of availability of a large number of engineering graduates from the colleges here, there are other unconventional areas such as food processing, clean technologies and solid waste management that are focus areas for the state government and are attracting young entrepreneurs to the state…more


September 17, 2015
Goa spreads its ‘wings’ to attract more Tourists
Conventionally known as a beach tourism destination which attracts three million tourists every year, Goa’s relatively unexplored hinterland is dotted by five wildlife sanctuaries and one bird sanctuary. Goa has greater potential for avi-tourism than is currently being realized. Goa offers the perfect setting for ornithologists and bird-watchers, which would include fanatics for the highly specialized ones and those who are into it as a hobby…more

September 1, 2015
Goa Government to form Farmers’ Public Limited Company
The government is working on to form a Farmers’ Public Ltd Company. Right now, there are various ideas under it, including value addition to seasonal fruits like jackfruit, mangoes and cashew. There is also an idea of producing low-calorie sugar from the toddy of high-breed coconuts….more


August 29, 2015
WTC Will Create Opportunities for Business in Goa: Warekar
The World Trade Centre which was inaugurated by the Goa Chief Minister here today will create a world of opportunities for business in the state, according to Y R Warekar, Executive Director of WTC Mumbai…more

August 19, 2015
Directorate of Mines and Geology has identified a total of 4.72 million tons of ore for e-auction in the eighth phase. Goa government has earned Rs. 7 crore through e-auctioning of 55,000 tonnes of iron ore…more

June 18, 2015

With Israeli help, agriculture to be Goa’s next Make in India story
Agriculture in Goa comprises cultivation of crops like paddy, cashew, coconut and seasonal vegetables and pulses, and provides livelihood support to nearly 12 per cent of the state’s 1.5 million population. Investment in agriculture and water technology could help make farming in Goa competitive…more

May 09, 2015
Goa gearing up for medical tourism
With a strong hospitality industry-oriented lineage and sound infrastructure in place, especially for a tier-II town, the state is being aggressively positioned by public and private players as a haven for medical procedures – with a dash of fun and relaxation – for domestic and foreign patients…more

May 08, 2015
Goa Government gives nod to 38 investment proposals
The investment proposals which have been cleared, include investments in pharma, manufacturing and tourism sector, he added. With the total 38 proposals, the investment of Rs 2,138 crore has been approved which will generate 6,500 jobs…more

Feb 10, 2015
Goa govt to rebrand state as IT destination
The state government, along with a group of IT professionals, is planning to rebrand Goa as a viable IT destination. The government has already started working to put in place a comprehensive IT policy, within the next 3-4 months, so that IT companies can start operations in the state within the shortest timeframe possible…more

Jan 17, 2015
Investment board nod for projects worth Rs 647crore
The Goa investment promotion board gave its approval to nine companies to set up or expand their operations in the state. The cleared projects will see 647 crore being pumped into the state. They are expected to generate 1,719 jobs…more



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