GOA HOLDS THE POTENTIAL TO BECOME THE STARTUP PARADISE

Arrangements, i m i t e d C o v e r a g e o f U t i l i t y Infrastructure such as Water u p p l y a n d Sewerage. P o t e n t i a l opportunities for u c c e s s f u l Business in GoaGreat potential in the residential a r k e t , Emerging real- s t a t e a n d t o u r i s m d e v e l o p m e n t ,

Goa is one of the most soughtafter tourist destinations not only by Domestic tourists but by visitors from all over the world. The State Goa lying in the Western Coast is India's smallest state. It is highly known for its huge farming, Tourism, Fisheries, and agriculture market. Unlike others, it is known for its Golden Shore, Tempting Food choices, Portuguesei n f l u e n c e d a r c h i t e c t u r e , Historical Background, and Banging Chaotic Nightlife. Goa Lies in the Kokand Region. Goa is one of the only few destinations which is open 24/7, and because of its happy ambiance and beautiful hospitality, it attracts Tourists from all over the world.

Considering Goa's Business Opportunities and Potential aspects, Goa Is Rapidly Improving i n c o n n e c t i v i t y , P h y s i c a l infrastructure. Goa is a supportive state, and the Government Connects in every industrial sector, which ultimately makes Goa an Ideal destination to Build a Successful Business. With 22 industrial estates present in the state, Goa has a strong presence i n M i n i n g , To u r i s m , a n d Pharmaceutical sectors. S o m e M i n i n g I n d u s t r i e s , pharmaceuticals, and iron/ steel Industry sectors are present in North Goa. Whereas the rest of the Mining Industries and shipbuilding industries are present in South Goa. Similarly,

Of India

Country. Goa is Well Distributed in the north and South Sectors. It is connected to Metropolitan Cities and centers in Trade and Commerce through roan, Rail, sea-ways, and Air.

Goa's economic growth is driven by the Strong performance of its industrial sectors Goa has maintained the Stellar record in key development Indices. Education and health standards in goa have been kept a top priority since the beginning. Goa is India's Richest State with the Highest GDP per capita- Two and a half times that of the Country with One of Its Highest Growth rates of 8.23%.

the Capture Fisheries of Goa ( I n d i a ) c o n s t i t u t e H i g h l y P r o d u c t i v e s e c t o r s T h e y contribute as one of the major sources of Valuable food and e m p l o y m e n t a n d a m a j o r contributor to foreign exchange. Along with all these, Cashew processing has also been a traditional industry in the state.

How Does Goa Holds the Potential For The Startups?

Being Both Investor-Friendly and Environment-Friendly Goa has one of the Highest per Capita Income ratios in the Country with well-developed social, physical, and industrial infrastructure and virtual connectivity. The state is highly dependent on Foreign exchange which has helped fuel the growth of resorts, helped in structural development, hotels, and other businesses related to tourism. The state has a healthy mix of startups across a variety of verticals, led by key sectors. Let us understand Goa's potential for business opportunities through some of its focused Pointers.

The strengths that work as the fuel to startups are- High Economic G r o w t h , F a c i l i t a t i n g Infrastructure, Strong presence in M i n i n g T o u r i s m a n d Pharmaceuticals, Rich labour Pool.

The Parts that Goa has to work on t o h a v e a b

P o t e n t i a l t o emerge as the most preferred economy or industrial destination. Challenging fields in Goa for startups-Maintain the Quality of historical places and Hospitality Services, Change in government policies.

Untapped and Profitable Business Fields in Goa-

1 Food Industry –The food Industry has a major demand in the lands of Goa. These are secondly known as the most convenient fields because of the availability of raw materials. Some of the opportunities seen in this sector are- Cashew Processing industry, Fish farming and trade, Cold spices Industry and processing sales, Feni export, Bakery, Mobile Food Vendors (food trucks), Catering Business, Candy and Chocolate Business.

2 Hospitality and TourismTransport business (bike or car rental business), A travel agent or guide, Gaming Zone, Putting up a Tattoo Parlor, Photography

3 Healthcare Industries-Medical

B u s i n e s s s e r v i c e s , O n l i n e Pharmacy, Drug treatment and rehabilitation center, Digitized health tracking app, Herbal Cosmetic Production Business.

4 Energy and Cleantech IndustryWaste recycling plant, Biodegradable processing, E-waste recycling Plant.

Experts Analysis-Goa has a high r a t e o f e c o n o m i c g r o w t h considered the Highest in the

The government of Goa has announced the policies regarding new Startups It Promised to create 100 successful startups in 5 Years. The revamped Policy Will address regulatory bottlenecks and enhance funding avenues for startups. Which will help New entrepreneurs at the Initial stage of Business. Furthermore, due to Various industrial developments. It allows the existing Business to further extend its Market and services.

Final words-

Goa has recently discovered the best profits you might enjoy as an entrepreneur because of its Multiple Business opportunities that can be taken up as detailed above Factors like high per capita income tourism-friendly, impressive literacy rate, strong connectivity with the other states of India, and low crime rate are rising the industrial growth in Goa.

A nice balance of urban and Rural areas makes it a good spot for the establishment of a better and more successful Business.

10TH EDITION OF GOA MARATHON 2023 ORGANISED BY EL-SHADDAI

“It's a great joy to see that a culture of Marathon is developing in Goa, especially in rural areas and El Shaddai charitable Trust has taken a further step to conduct a marathon for a noble cause,” --- Shri Govind Gaude, Sports Minister expressed his joy while he was present for Goa Marathon 2023 at Goa University grounds on 12th February 2023 as the chief Guest.

The 10th Edition of Goa Marathon was organised by El Shaddai Charitable trust in association with Goa Athletic Association, this year, with a motive “Home for Homeless, hope for hopeless,” a motto to raise funds for the underprivileged children on the streets, in slums and those who are in need of dire care. The Run flagged off at 6:00 am from Goa University ground, moved towards GMC and then to Miramar circle and back The other runs followed were 10 km, school run for Under-14 and Under-16 boys and girls and 5 km run in various categories Participants from various parts of the country and other countries participated in the marathon.

While addressing the gathering of estimated 2500 plus runners and spectators which included the IG of Goa Omvir Singh, SP Nidhin Valsan and other VIPs of various corporates and teams, Mr Govind Gaude, the sports Minister who was the chief guest for the day expressed his deep joy in seeing such huge turnout of participants for the noble cause for which the Goa Marathon 2023 was organised.

He then further said “ it is a great joy to see that the culture of Marathons is developing in Goa. This is exactly what the Prime Minster Narendra Modi is trying to promote through Fit India movement. Moreover in rural areas of Goa too are promoting such culture, which is a good thing. Goa Marathon is one of the first Marathons to be held in Goa and this is the 10th edition we are witnessing. El Shaddai Charitable trust has taken a further step by conduct this marathon for a noble cause to raise funds for under privileged children.”

Mr. Matthew Kurien, the co-founder of El Shaddai Charitabel Trust thanked the Chief Guest and sponsors for supporting the Goa Marathon and all the participants for making it a wonderful and huge success.

The whole event concluded with prize distribution for the winners in various categories at the hands of dignitaries present for the day.

The Launch Of Brisa Do Mar On 12th February 2023

THE LAUNCH OF BRISA DO MAR ON 12TH FEBRUARY 2023 and it was attended by the who's who of hospitality industry in Goa. Brisa Do Mar is a RestoBar situated on the rooftop of Fern Habitat on the most happening lanes of Goa, near to the candolim beach with 180 degree Arial view of the Arabian sea and an infinity swimming pool adjacent to the Brisa Do Mar with an 180 degree mountain view open to greenery, and it is a perfect place to unwind with your friends and family with world class liquid mixology at the Bar, curated by the top 50 ranked bars of the world to create an experience and the perfection to our delivery of our cocktails matching to the taste bud of our customers, adding to this their food menu options have delicious spread known for its Mediterranean, Asian, continental and Goan cuisine.

“As we launched Brisa Do Mar with brunch affair which we are planning to have every Sundays with Live Music, Delicious food, live seafood grills, mind blowing mixology with unlimited alcoholic and nonalcoholic beverages, various activities for kids and adults likewise pool table, goose ball, Infinity swimming pool, toddler and kids play area and more,” said the hotel GM.

By Gaurav Kenkre