Goa, known as the ‘Pearl of the Orient’ is located in the western region of India. The state shares its border with the Arabian Sea to the west, Maharashtra to the north and Karnataka to the south and the east. It is traditionally known as a tourist paradise for its natural scenery, unique beaches and cultural diversity. Goa has a well-developed social, physical and industrial infrastructure, and virtual connectivity. It has an international airport that is in line its ambition to be a globally recognised leisure destination. It also has significant port infrastructure. At current prices, Goa’s Gross State Domestic Product (GSDP) was Rs 848.89 billion (US$ 12.15 billion) in 2019-20. The GSDP (in Rs) increased at a Compound Annual Growth Rate (CAGR) of 9.08 per cent between 2011-12 and 2019-20. Goa's economic growth is driven by the strong performance of industrial sectors such as mining, tourism and pharmaceuticals. Goa has a strong presence in mining, tourism and pharmaceuticals sectors. Mining (iron ore and manganese), pharmaceuticals, iron and steel industries are present in North Goa while mining and shipbuilding industries are present in South Goa. Exports of iron ore from the state reached 9.93 million tonnes in 2017-18. As of January 2019, Goa had a total installed power generation capacity of 550.19 MW. According to the Department for Promotion of Industry and Internal Trade (DPIIT), FDI inflows into the state of Goa, during April 2000 to June 2019, were US$ 985 million.