'COVID-19 pandemic' Mining industry best bet to boost economy: Exporters

Panaji: There is an urgent need to restart the state’s mining industry, especially at a time when the COVID-19 pandemic is bound to have a glodal economic fall out, Goa’s only body of ore exporters said on Monday.

With the tourism sector likely to face setbacks in a post Covid-19 scenario, the mining industry remains the state’s best bet for generation of revenue and re-starting the economic processes, the Goa Mineral Ore Exporters Association said in a statement issued here.

“In this pandemic situation where the world economic fallout is inevitable, there is an urgent need to resume mining activities in Goa so that the socio-economic condition in the state can be stronger,” the statement said.

“The state debt of Goa has reached dangerous levels of over Rs 20,000 crores as per recent state budget figures. This sharp increase in debt levels can be attributed to shutdown of mining activities which has led to revenue loss of Rs. 7,000 crores in the last two years,” the statement said.

The mining sector in Goa has been unoperational for nearly two years now, after the Bombay High Court in Goa raised questions about the manner in which mining leases in the state were renewed, following a petition filed by a green NGO from Goa. (IANS)

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