GOA - Market Research and Opportunity Analysis Report

Report Inclusions

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Executive Summary and Analysis •

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Goa is India's smallest state by area and the fourth smallest by population. It is surrounded by the Indian states of Maharashtra to the north and Karnataka to the east and south, with the Arabian Sea forming its western coast. The state is divided into two districts- South Goa and North Goa. Panaji is the capital of Goa and the headquarter of North Goa district. Margao is the headquarters of South Goa district. Goa is one of the most visited tourist places in India. It attracts a large number of tourists from all over the world, round the year. Goa is known for its striking scene, renowned beaches in India, astonishing landmarks and places of worship and bustling nightlife. Goa is the second state in India to achieve a 100 percent automatic telephone system with a solid network of telephone exchanges. Also, it is one of the few states in India to achieve 100 percent rural electrification.

Market Research and Opportunity Analysis Report - GOA

Economical Analysis • • • •

Goa is India's richest state with the highest GDP per capita. The estimated GDP of the state in 2019 was $11 billion. Currently, there are 16 planned SEZs in Goa. The Economy of Goa depends on the agricultural, industrial, mining, pharmaceuticals, and tourism sectors. Tourism is the primary industry which handles nearly 12% of foreign tourists influx in India. Goa is rich in minerals and ores and it is the 2 nd biggest industry in the state. The city is a leading producer and exporter of iron ore, manganese, bauxite, high magnesia, limestone and clay. Medium scale industries include the manufacturing of pesticides, fertilisers, tyres, tubes, footwear, chemicals, pharmaceuticals, wheat products, steel rolling, fruits and fish canning, cashew nuts, textiles, brewery products.

Market Research and Opportunity Analysis Report GOA

SWOT Analysis STRENGTHS

OPPORTUNITIES

WEAKNESSES

THREATS

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Connected by all mode of transport ,viz. rail, road, sea and air.

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Low labour cost as against the world standard.

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Narrow roads and shortage of transport facilities round the clock.

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The city has the large potential for the development of new areas.

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Social problems like drugs, abuse etc.

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Change in government and policy.

Market Research and Opportunity Analysis Report GOA

Untapped Business Opportunities in Goa AGRICUTURE INDUSTRY

E-COMMERCE • E-pharmacy • E-library • Daily Needs Delivery

ENERGY & CLEANTECH INDUSTRY

• Fish Farming

• Edible Cutlery • Biodiesel Production

• Agrotourism • Agricultural Drone Rental

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SERVICE INDUSTRY • Vending Machine • Adult Diaper Manufacturing

Market Research and Opportunity Analysis Report GOA

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HOSPITALITY

HEALTHTECH INDUSTRY • Medical Tourism • Wellness Center

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Floating Restaurant Breakfast Joint

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Market Research and Opportunity Analysis Report -GOA

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GOA - Market Research and Opportunity Analysis Report

Published on Apr 1, 2020

MeticulousBPlans

Goa is India's smallest state by area and the fourth smallest by population. It is surrounded by the Indian states of Maharashtra to the north and Karnataka to the east and south, with the Arabian Sea forming its western coast. The city is one of the most visited tourist places in India. Goa is the second state in India to achieve a 100 percent automatic telephone system with a solid network of telephone exchanges. Also, it is one of the few states in India to achieve 100 percent rural electrification. The Economy of Goa depends on the agricultural, industrial, mining, pharmaceuticals, and tourism sectors. Tourism is the primary industry that handles nearly 12% of foreign tourists influx in India.