Auctioning of Goa mining leases could be way forward: Cong

Image
Press Trust of India Panaji
Last Updated : Nov 12 2013 | 5:37 PM IST
Congress party in Goa today said auctioning of mining leases could be a way forward for the mining industry in the state.
"Auctioning of mining leases can be one of the options," Goa Pradesh Congress Committee President Subhash Shirodkar told reporters here.
He said all political parties should sit across the table and come out with analytical approach on mining for the state's development.
Currently, the state has 90-odd mining leases held by private companies, which were operational before being shut down by the Supreme Court order last year.
Shirodkar said yesterday's Supreme Court order allowing e-auctioning of ore is a welcome step, especially because the mining belt economy had reached its lowest ebb after exports were stopped.
Goa government has predicted that a revenue collection worth Rs 1,500 crore from 5.3 metric tonnes of ore lying at leases.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 12 2013 | 5:37 PM IST

Next Story