The Goa Forest Development Corporation Ltd (GFDC) (A Govt. of Goa Undertaking)was constituted from the erstwhile cashew division of the Goa Forest Department and incorporated under the Companies Act, 1956 (No. 1 of 1956)as a limited company by the government of Goa on 11th April,1997.
The main objectives of the corporation are to develop forest plantations, processing & marketing of produces and to promote eco development and ecotourism. Approximately 8990ha. is presently under cashew plantation and 362 ha. under rubber plantation. These plantations were handed over by the Forest Department to the Goa Forest Development Corporation after the formation of GFDC in April 1997.These areas were transferred to the GFDC on leasehold for the period of 40 years along with building and structures situated therein.
Goa Forest Development Corporation Limited is a Public Company incorporated on 11 April 1997. It is classified as State Government Company and is registered at Registrar of Companies, Goa. Its authorized share capital is Rs. 50,000,000 and its paid up capital is Rs. 26,891,000. Goa Forest Development Corporation Limited's Corporate Identification Number is (CIN) U01133GA1997SGC002323 and its registration number is 2323.