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Doing business in Goa
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The first thoughts of Goa, gets you
thinking of a holiday, but Goa also happens to be an attractive place to do
business. With is thriving tourism and iron ore mining industry, Goa is one of
the largest earnerís of foreign exchange. These industries have given a fillip
to other industries such as retailing, transportation, etc. Besides Goa has
become a hub for pharmaceutical manufacturers who wanted to take advantage of
the income tax holiday in Goa.
Advantages of doing business in Goa
- Conveniently located, Goa is located
equidistant from the major commercial hubs of Mumbai, Bangalore and Pune.
- Well connected, Goa is well connected
by air, rail, road and sea to all major cities in India as well locations
- Skilled and trained work force. Goa
has a high density of education institutions which ensures a regular supply of
- Excellent infrastructure, Goa boast
of an excellent network of roads and communication infrastructure which it a
convenient location to set business.
- High capita income, Goa boasts of a
high capita income which makes it an attractive market for retailers.
Drawbacks of doing business in Goa
- Slow pace of doing business, the
relaxed pace of doing business is the grouse many individuals have used to the
fast pace of life in big cities have, which gives results in the short term
but take a toll on them by way of lifestyle diseases.
- Limited market, though Goa boast of a
high per capita income, Goa has limited market due the small population. This
results in being dependent on tourist inflows which are seasonal.
Preferred businesses to do in Goa
- Tourism related comprising of hotels,
restaurants, travel, adventures sports, entertainment and events organizers. A
word of caution, hotels are highly capital intensive so it is recommended for
those with deep pockets, but one would be rewarded with appreciation in the
value in property over a period of time.
- Mining related industry comprise of
taking mines on sub lease, excavation contractors, truck and barge
transportation and other services related to mining industry. The mining boom
which is driven by the Chinese demand could peter out very soon.
List of major
business websites in Goa
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