Latest

Goa mining industry’s revival will restore numerous hopes: Mohit Aggarwal, Aastha Group

The Government of Goa is expecting to earn the revenues of Rs 300-400 crore from the mining industry in the financial year 2016-17. The Goa mining industry was banned form conducting further operations in 2012 when the new political party came to power. After almost half a decade, the mining industry will witness revenues of almost Rs 400 crore that were due until this time period.The Chief Minister of Goa, Laxmikant Parsekar told PTI, “After the BJP government was sworn in 2012, the main source of income, which used to be mining, had come to a standstill, resulting in loss of about Rs 1,200-1,300 crore annually in the last four years. The ban on the mining industry has resulted in a loss of around Rs 5,000 crore.”Parsekar further added, “The government expects a revenue of Rs 300-400 crore in the coming financial year, which will also be reflected in the estimates of the Budget, to be tabled on March 16.”

 

 

Mohit_Aggarwal_newshour_press

Mohit Aggarwal, Aastha Group

Parsekar acknowledged that the loss of such huge revenue affected the financial health of the state, during the tenure of his government, which recently completed four years in office on March 9, 2016.

To this whole scenario, Mohit Aggarwal of Aastha Group, showed his support for the state’s mining industry’s revival as he said, “Mining has always been one of the major sources of income for Goa and this new start of the industry, will restore a number of hopes.” Aastha Group is Mumbai-based mining and metal dealing expert.Talking about central governments’ support, Parsekar said, “Luckily, during last one-and-half year, we have a changed scenario due to the BJP (government) at the Centre. Though we have not asked for any package, the Centre’s viewpoint towards state governments has changed and all states have benefited largely through the central kitty.

 

 
  • Akash

    The revival of this industry has secured hopes of many people. It has also created apple of opportunities in the city.

     
  • Ayushi

    The summing up of the whole scenario by Mohit Aggarwal reflects the current situation of the industry. Based onhis viewpoint, the future of this industry seems quite favorable.

     
  • Sunitha Malhotra

    That’s great news for the mining industry. It is likely to bring in cheer for the investors.

     
  • Shilpa Jain

    This might be bring us more good opportunities.