Goa > Industrial Policy and Business Regulations
India’s goal of becoming a $5 trillion economy is dependent on the states’ ability to industrialize. Expanding industries and business is also crucial for providing employment in the state. States play a key role in framing sector specific as well as generalized policies to promote economic growth. This section covers state policies pertaining industries and businesses.
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Goa releases the Guidelines for Business Reforms Action Plan (BRAP) 2024 to enhance the ease of doing business (EoDB) in the state. Key reforms include mandatory use of permanent account number as a unique business identifier, integration of the "Know Your Approvals" module with the National Single Window System, and a compliance dashboard for reminders on renewals and filings. Priority sectors such as medical devices, IT, and e-commerce will receive focused support with streamlined approvals. These measures aim to improve transparency, accountability, and the overall business ecosystem in Goa.
Posted on January 29, 2025Goa releases the Guidelines for Business Reforms Action Plan (BRAP) 2024 to enhance the ease of doing business (EoDB) in the state. Key reforms include mandatory use of permanent account number as a unique business identifier, integration of the “Know Your Approvals” module with the National Single Window System, and a compliance dashboard for reminders on renewals and filings. Priority sectors such as medical devices, IT, and e-commerce will receive focused support with streamlined approvals. These measures aim to improve transparency, accountability, and the overall business ecosystem in Goa.
Goa approves the Goa Iron Ore Mining Dump Handling Policy, 2023, which allows the state government to auction unclaimed ore lying in the form of dumps at various private locations in the state. The policy aims to generate a revenue of $47.3-$59.1 million from auctioning 30-40 dumps.
Posted on December 4, 2024Goa approves the Goa Iron Ore Mining Dump Handling Policy, 2023, which allows the state government to auction unclaimed ore lying in the form of dumps at various private locations in the state. The policy aims to generate a revenue of $47.3-$59.1 million from auctioning 30-40 dumps.
Goa Industrial Development Corporation (GIDC) launches an online e-governance platform—OPEN—which enables industrial units to apply for and obtain regulatory approvals and ensure compliance. The platform has been rolled out for just four industrial estates and is expected to be introduced in all industrial estates by December.
Posted on November 20, 2024Goa Industrial Development Corporation (GIDC) launches an online e-governance platform—OPEN—which enables industrial units to apply for and obtain regulatory approvals and ensure compliance. The platform has been rolled out for just four industrial estates and is expected to be introduced in all industrial estates by December.
Goa constitutes the State Level Environmental Impact Assessment Authority (SEIAA)
Posted on May 1, 2024Goa constitutes the State Level Environmental Impact Assessment Authority (SEIAA), with the aim to ease the procedure to issue environmental clearance (EC) to mining companies.
Goa approves the Dump Handling Policy, 2023
Posted on March 20, 2024Goa approves the Dump Handling Policy, 2023 aimed at regulating the auctioning of low-grade ore lying in different private lands.
Goa releases the Goa Industrial Development Corporation (Allotment, Transfer and Sub-Lease) Regulations, 2023
Posted on January 10, 2024Goa releases the Goa Industrial Development Corporation (Allotment, Transfer and Sub-Lease) Regulations, 2023 aimed at attracting more investment in the industrial sector and enhance revenue and job opportunities in the state. The regulations include the introduction of single-window clearance for land allotment and construction of industries, liberalization of transfer and sublease processes, and “ease of business exit”.
Goa Industrial Development Corporation (Goa-IDC) notifies the Goa Industrial Development Corporation (Allotment, Transfer, and Sub-Lease Regulations), 2023
Posted on December 27, 2023Goa Industrial Development Corporation (Goa-IDC) notifies the Goa Industrial Development Corporation (Allotment, Transfer, and Sub-Lease Regulations), 2023 initiating the comprehensive reforms of the laws and regulations governing the functioning of Goa-IDC to align with the Goa Logistics and Warehousing Policy 2023 and Goa Industrial and Investment Policy 2022.
Goa notifies the Homestay and Bed and Breakfast Policy
Posted on December 20, 2023Goa notifies the Homestay and Bed and Breakfast Policy aimed to standardize services to the tourists through homestays and Bed & Breakfast (B&Bs) and also to supplement the availability of accommodation options of the state.
Goa reduces road tax for high end vehicles in the state
Posted on December 6, 2023Goa reduces road tax for high end vehicles in the state. According to the new reduced slabs, vehicles below $7,203 will pay 6 percent road tax, vehicles below $18,008 will pay 11 percent tax, vehicles below $42,018 will pay 13 percent tax and vehicles costing above $42,018 will pay road tax of 14 percent.
Goa Industrial Development Corporation (GIDC) board approves amendments to the GIDC Act
Posted on September 28, 2023Goa Industrial Development Corporation (GIDC) board approves amendments to the GIDC Act to attract industrial investment to the state. The approved amendments to the GIDC Act include major changes in the regulations relating to plot allotment, transfer, and sub-lease.