State Profile of Goa

• Goa Investment Policy 2014

• The Government of Goa proposes to set up an Investment Promotion Board as the nodal authority

• Single Window Clearance ( https://www.goaipb.goa.gov.in/single-window/ )

• Not available

• A capital subsidy of 30% of the cost of capital subject to a ceiling of Rs 10 lakh for micro units, provided the subsidy on building/office is restricted to Rs 5 lakh

• A capital subsidy of 30% of the cost of capital subject to a ceiling of Rs 20 lakh for small units provided the subsidy on building/office is restricted to Rs 10 lakh

• Micro, Small and Medium manufacturing industries listed under White category, Green category and Orange category, which have commenced production after 01/10/2017 are eligible interest subsidy with the ceiling of Rs. 25 lakhs

• For claims of interest paid on term loan, subsidy will be calculated to the extent of 30% of the interest paid, subject to ceiling under this scheme

• For claims of interest paid on working capital loan, subsidy will be calculated to the extent of 1½% of the total turnover or 30% of the interest paid by the units/enterprise, whichever is less.

Stamp duty rebate of 75% for MSMEs;

• New units setting up in Goa in the thrust areas will be offered a ‘Special Incentive’ of 70%/50% (backward talukas/other talukas respectively) on their total investment in the form of VAT rebate. In order to be eligible for the incentives, the unit will need to employ a minimum of 80% Goans. This criterion can be reduced to 60% employment of Goans for deserving cases as decided by the Investment Promotion Board. In such cases, the Special Incentive will be proportionately reduced based on the actual percentage (between 60% and 79%) of Goans employed

  Incentive	Upper Limit
  VAT/CST	25% of VAT/CST payable during the year
  Employee wages	Rs. 25 lakhs per unit per year or 15% of total wages per year, whichever is lower for Goan direct employees with monthly emoluments of a minimum of Rs. 15,000
  Stamp duty on land acquisition	50% of stamp duty payable in backward talukas 25% of stamp duty payable in other talukas to be set-off against VAT/CST paid in the first year of operation

• Entry tax will be waived for a period of 5 years for all new units being set up in the thrust areas in the backward talukas. Additionally, entry tax will continue to be waived for all MSME’s. The waiver will be applicable only for goods which are not available within Goa. Goods on the negative list will not be entitled to this waiver.
• Stamp duty rebate of 75% for MSMEs.

• Enterprises engaging a minimum of 60% of Goan manpower on regular employment are eligible for benefits under this scheme.Reimbursement shall be restricted to Rs.7,000/- per Goan employee per month. The total subsidy shall not exceed Rs.25.00 lakh per annum, on pro rata basis depending on the date of production.

• Not Available

In order to incentivize agro-based industries, the Government will, through suitable notifications, allow land use coverage of 25% in Orchard zones.

Intellectual Property Rights.

• Reimbursement of 50% of the professional fees for registration or fees paid to the registry for registration of Intellectual Property Rights (IPR) subject to a limit of Rs. 500,000 per unit.

• Financial incentives for certification and intellectual property rights include reimbursement of charges to the extent of 100% of actual expenditure per certification, during the validity period of the Scheme subject to a combined ceiling of Rs.8.00 lakh only for the entire period of the Scheme will be granted to the Unit/Institution.

Water & energy

• Audit: Reimbursement of 25% of the cost of water and energy audit by a recognized institution/consultant.

• Water & energy conservation equipment: Reimbursement of 25% of the cost of water and energy conservation equipment, subject to a cap of Rs. 100,000 per unit.

• Renewable energy: Reduction of 100% in electricity duty for units installing renewable power generation equipment subject to the unit meeting at least 25% of its power requirement from renewable sources. The Power Department, Government of Goa will be shortly bringing out a Renewable Power Generation policy which will lay down the regulatory framework for renewable power generator.

Training linked incentives

• Reimbursement of 75% of the training costs for prospective Goan employees subject to a maximum of Rs. 75,000 per prospective employee and Rs. 750,000 per unit per year. The reimbursement will be only after the prospective Goan employee is employed by the unit.

Innovation & productivity enhancement

• Reimbursement of 50% of the professional fees for registration or fees paid to the registry for registration of Intellectual Property Rights (IPR) subject to a limit of Rs. 500,000 per unit. .