Goa is gearing up for industrial growth

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The recent news of GSL (Goa Shipyard Ltd.) acquiring the 32 thousand crore contract from the defence ministry which will be subcontracted to small scale Goan contractors thereby sharing the revenue with Goa based industry. This was a great move towards the industrial growth followed by the announcement of starting of a helicopter manufacturing plant in Goa. This news brings lots of oxygen to Goan industry which is dying due to mining ban and decline in tourism business.

The industry of Goa is taking a great shape. As many multinationals have started setting up their new plants in Goa. The recent news from corporate world giant IFB who has already setup the manufacturing unit for their top loader washing machine in Goa. According to the available sources the IFB has operationalised a facility in Goa of manufacturing top loader washing machines in order to cut down on import. Mass production of top loader washing machines started from Feb 12, 2015 in its Goa factory.

[pullquote-left] The company, which began mass production of top loader washing machines in its Goa factory, has stopped imports and hopes to significant increase its sales [/pullquote-left]

“The trial/ batch production has already started from January 28, 2015 and imports have been stopped. By April 2015 different capacities will be introduced across India ranging from 6.5 kg to 9.5 kg machines which we hope will lead to significant increase in sales,” said IFB Industries officials.

Another case of German chemical and pharmaceutical company very well known as “Merck” has also commissioned a climate-neutral co-generation plant (a biomassplant) at its production site in Goa. The project is part of a company-wide climate protection program. Merck previously commissioned a new co-generation plant at its headquarters in Darmstadt in July.

[pullquote-right] The co-generation unit, which has a power output of 3 megawatts, generates electricity and steam for the pharmaceutical and chemical production operations in Goa [/pullquote-right]

“As an innovative, high-tech company, we are also pursuing new solutions for generating energy at our sites throughout the world. Furthermore, our biomass plant shows the potential of corporate responsibility projects: the company, the environment and society benefit in equal measure,” said Karl-Ludwig Kley, Chairman of the Executive Board of Merck. The co-generation unit, which has a power output of 3 megawatts, generates electricity and steam for the pharmaceutical and chemical production operations in Goa. Merck is mainlyrecycling the shells of cashews and coconuts, two crops that are farmed in the region, to use as biomass fuel. Overall, this will make it possible to reduce carbon dioxide emissions by around 11,500 metrics tonnes, corresponding to around 85% of the site’s total carbon dioxide emissions. The biomass plant, which represents an investment of more than Euro 3 million, will ensure that the site has a reliable supply of energy and can operate independently of the public power grid.

Located in Usgao, around 45 kilometers from Panaji, Merck’s Goa site manufactures vitamin preparations, industrial and laboratory chemicals as well as microbiological products, among other things. Looking at the above trends the future of the Goan industry is looks to be very bright.

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