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What is GOAIDC, Goa Industrial Development Corporation?

GOAIDC full form is Goa Industrial Development Corporation, it is an industrial development corporation, which was constituted under the Industrial Development Corporation Act, 1965 with the objective of promoting industrial development in the states of Goa and Daman. The initials “GOAIDC” stand for Goa Industrial and Infrastructure Development Corporation. Industrial Development Corporation (IDC) is a statutory body constituted by an Act of Parliament with the objective of promoting industrial growth through investment in infrastructural assets, such as factories, power plants, and ports. GOAIDC’s primary mandate is to identify and pursue opportunities for private sector investment in manufacturing and infrastructure projects in Goa and Daman.

What is GOAIDC?

The governance of GOAIDC is vested with its Governing Council, which is chaired by the Government of India. The council comprises representatives from the Ministry of Commerce and Industry, the Ministry of Steel, the Ministry of Road Transport and Highways, and the Central Public Sector Undertakings (CPSUs) concerned with industrial development.

What is the Purpose of GOAIDC?

GOAIDC is an autonomous statutory body established by the Gujarat Government in 1966 with the aim of promoting industrial development in the state. Its major functions include the promotion of foreign investment, provision of assistance and support to entrepreneurs, facilitation of the transfer of technology, and provision of infrastructure facilities such as power supply and transport.

The corporation has tie-ups with several private companies and government departments to help promote the industry in Goa. GOAIDC also offers financial assistance to startups and young businesses. The corporation has so far helped establish over 1,000 units of industries in the state.

History of GOAIDC

GOAIDC was established in 1966 with the aim of promoting industrial development in the state of Goa. Over the years, GOAIDC has helped to create over lack of jobs and support a wide range of industries across the state. GOAIDC is currently involved in a number of projects including the redevelopment of the Kalwa Industrial Estate and the construction of a new steel mill in Carajás.

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How does GOAIDC Work?

GOAIDC is a government-owned industrial development corporation in Goa, India. Established in 1988, it has been involved in the development of industries and infrastructure in the state. GOAIDC’s major focuses include the promotion of tourism and renewable energy.

The corporation has a portfolio of projects that includes a shipbuilding facility, an aluminum plant, a sugar mills project, and a power plant. It also oversees the Goa International Enterprise Zone (GIEEZ), which contains business parks and other facilities. GOAIDC is also involved in the development of information technology projects.

Industrial Estates developed by GOAIDC in Goa

GOAIDC is a state-owned company established in 1966 to spearhead the development of industrial estates in the State of Goa. The company has developed over two dozen estates, covering an area of over 1,000 hectares. The companies located on these estates employ over 10,000 people and generate over $1 billion annually. GOAIDC provides land and infrastructure facilities, marketing, and other support services to its tenants.

GDDIDC now renamed as GoaIDC has so far established twenty-two Industrial Estates in Goa, Daman, and Diu.

List of Industrial Estate in Goa

Corlim, Margao, Sancoale, Daman, Mapusa, Tivim, Bicholim, Kakoda, Honda, Bethora,
Canacona Industrial Estate
Kundaim Industrial Estate
Diu Industrial Estate
Tuem Industrial Estate
Verna Industrial Estate
Cuncolim Industrial Estate
Pilerne Industrial Estate
Marcaim Industrial Estate
Pissurlem Industrial Estate
Colvale Industrial Estate.

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How to buy Industrial land/plot in GOAIDC, Goa

GOAIDC is Goa’s industrial development corporation. Established in 1965, it is the state-owned body responsible for promoting investment and growth in the state’s industrial sector.

To purchase land or plot in GOAIDC, you first need to contact the corporation. You can either visit their office or contact them through their website. Once you have contacted them, they will send you a proposal detailing the terms and conditions of the purchase. Once you have accepted the proposal, you will need to pay an upfront fee and start making preparations for construction.

Future Plans for GOAIDC

GOAIDC is an autonomous statutory corporation established under the GOA Industrial Development Corporation Act, 1965 to promote industrial development in the Goa. The corporation has a mandate to identify new and potential industrial corridors within the state, facilitate establishment of industries in these corridors, and provide medium-term financial support for viable projects. The corporation also offers consultancy services to businesses looking to set up or expand their operations in Goa.

Since its inception, GOAIDC has played a major role in shaping the growth of the state’s industrial sector. In particular, the corporation has helped establish a number of important industries such as pharmaceuticals and information technology hubs. Additionally, GOAIDC has been instrumental in developing several coastal towns into attractive business destinations.

Looking forward, GOAIDC plans to continue cultivating strong ties with industry players and support budding companies through innovative initiatives. The corporation also intends to focus on creating more job opportunities for locals across various sectors of the economy.

Goa takes great pride in the port of Mormugao – a major, modern and thriving port, the highest exporter of iron ore in the country. In addition a new, massive outer harbour is on the drawing board.

New projects on the anvil include:

  • Software Technology Park.
  • Integrated Infrastructure Development Scheme Park (IID).
  • Growth Centres.
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