The economy of Daman and Diu depends largely on agriculture, mineral
viz. salts and industries viz. fishing, tourism, distillery. The major agricultural products are paddy, Ragi, groundnut, pulses and beans, wheat, banana, sapota and mango.
The net cultivable land area is about 3,727 hectares which is 67% of the total geographical area.
There are some more than 600 small scale industries present in Daman
and Diu. The main industries are located at Somnath, Dabhel, Bhimpore
The Union Territory of Daman and Diu has an industrial development corporation known as Omnibus Industrial Development Corporation (OIDC).
It is a multipurpose organization performing diverse activities like housing,
industrial estates, promoting tourism, quality liquor, branded
computers and providing raw material to the industrial units in the
twin Union Territories of Daman & Diu and Dadra & Nagar