GOA IDC

The Goa Daman and Diu Industrial Development Corporation (GDDIDC) was established by the Government of Goa, Daman and Diu under the provisions of Goa, Daman and Diu Industrial Development with the aims and objectives of securing and assisting in the rapid and orderly establishment of industries in IndustrialAreas and Industrial Estates in Goa.

One of the important activities of the Corporation is to identify land of sizeable area for setting up of Industrial Estates. In pursuance of the above objectives, the GDDIDC (now renamed Goa IDC) has so far established twenty two Industrial Estates in Goa, Daman and Diu, viz Corlim, Margao, Sancoale, Daman, Mapusa, Tivim, Bichotim, Kakoda, Honda, Bethora, Canacona, Kundaim, Diu, Tuem, Verna, Cuncotim, Pilerne, Marcaim, Pissurtem, Colvale, Shiroda and Sanguem

The SSI Units should obtain provisional SSI registration from the local Directorate of Industries. For medium and large scale units approval from High Powered Coordination Committee is required. In case of partnership firm or a Company or a Co-operative society or a Trust, the Registration of Firms or Certificate of Incorporation along with Memorandum &t Articles of Association or a certified copy of a Trust should be submitted. The unit should submit complete project report and state the arrangements made to finance the project and procurement of machinery (enclose documents). This should be to the satisfaction of IDC. A sanction letter from the financial institution /bank regarding working capital requirements is also to be submitted.
Other clearances like NOC from the Goa State Pollution Control Board, Chief Inspector of Factories and Boilers, Drugs Controller, Environment Protection Agency and or other authorities concerned in implementing the project should be obtained, if necessary.The income tax clearance certificate has to be produced.

In case of manufacture of fruit & vegetable based products, licence under Fruit Products Order is also required to be obtained. In case of units manufacturing explosive products, NOC from the Chief Controller of Explosives, Nagpur is required to be obtained. INCENTIVGoa offers innumerable advantages to investors in terms of social and physical infrastructure. In addition various incentives / subsidy schemes are already in operation. To further boost investment in industrial sector, it is proposed to offer a host of incentives and investor friendly measures. These measures would not only provide a competitive advantage to State as an attractive investment destination but also sustain the long term presence of industries. The proposals will be given concrete shape by finalizing appropriate schemes within a period of nine days from the date of publication of the industrial Policy.The following incentives / subsidies and investor friendly measures are proposed.


Inorder to encourage Goan industry to improve export market financial assitance in the form of interest free loan upto to five lakhs repayable over five years will be granted provided the unit has been in operation for atleast five years, has Import/Export code and its turn over does not exceed five crores during preceeding three years.Unit which would be set up within one year from the date of publication of the industrial policy will be considered for additional benefits under various incentives/subsidies. The additional incentives shall be detailed in the scheme The Government is remitting fifty percentage of the stamp duty payable under the Stamp .This facility is available to SSI units for executing legal documents like hire purchase agreements, lease deed documents etc, in respect of allotment of sheds and plots by Goa IDC.The Corporation has renewed its transfer and sub leasing guidelines with an objective to facilitate/give impetus to industrial growth & development in the state, to achieve optimum utilization of land, to ensure that genuine transfer are not affected on account of routine business decisions and to discourage profit-making by state of plots.