A SOLVABLE CRISIS?
Businessworld|October 12, 2019
The ban on mining iron-ore in Goa has crossed 18 months virtually killing all the aligned businesses and impacting 70,000 households and 3 lakh livelihoods
Ashish Sinha
A SOLVABLE CRISIS?

FOR MARUTI CHARI, the 63-year-old ace mechanic in Ponda, an industrial hub in south Goa bordering Karnataka, it is a matter of months before he winds up his popular truck repair garage spread over 2 acres of prime land. For more than 40 years now, Chari has been the ‘go-to’ mechanic for hundreds of trucks ferrying iron ore from nearby mines, including those in neighbouring Karnataka. After all his garage is right on the Ponda-Belgaum highway (NH-4).

“I was repairing 40-50 trucks a day before the mining ban. I have been recognised by most truck and auto companies. Today, not even four trucks come for repair/overhaul in two days and sometimes the whole week,” says Chari adding, “Saab kuch karo humare liye, hum roz marr rahe hain (Sir, please do something for us, we are dying every day).”

Chari owes around Rs 50 lakh to creditors. “I will wait till December. If mining does not restart, I will have to either sell my land or give it out on rent, which will be a very difficult thing for me to do,” he says.

Thanks to the ban on mining, there are others like Santosh Thambi, a machine operator with Chowgule Group company, Yeshwant Satgaonkar, a plant operator, and Sandeep M. Nirlekar, all ex-miners who are out of work and facing extreme financial crisis.

BW Businessworld was in southern Goa meeting out-of-work miners, barge owners, trucking companies, and equipment suppliers almost 19 months after mining came to a grinding halt in the state ever since the Supreme Court cancelled 88 mining leases on February 7, 2018, which halted mining activities beginning March 16, 2018.

This story is from the October 12, 2019 edition of Businessworld.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

This story is from the October 12, 2019 edition of Businessworld.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

MORE STORIES FROM BUSINESSWORLDView All
The Astrology Cryptocurrency Of In New Financial Year
BW Businessworld

The Astrology Cryptocurrency Of In New Financial Year

Whether you're a seasoned investment enthusiast or just starting out on your financial journey, Vedic astrology can be beneficial, especially in markets as volatile as the crypto sphere

time-read
3 mins  |
April 20, 2024
KRISHNA CONSCIOUSNESS
BW Businessworld

KRISHNA CONSCIOUSNESS

The reader can almost feel that the mortal journey of Krishna has ended, yet Krishna Consciousness has manifested again as Keshav. Krishna-the Seventh Sense reveals the continuity of existence, notwithstanding the limitation of the one who exists. This book is a treasure

time-read
1 min  |
April 20, 2024
Recreating The Maruti Moment In EVs
BW Businessworld

Recreating The Maruti Moment In EVs

SAJJAN JINDAL on the joint venture with MG Motor, electric mobility, charging infrastructure and more

time-read
2 mins  |
April 20, 2024
Sustainable Models of Support for Women Entrepreneurs in India
BW Businessworld

Sustainable Models of Support for Women Entrepreneurs in India

Personal one-on-one mentorship is a key intervention that is most required amongst MSMEs and young startup founders today

time-read
1 min  |
April 20, 2024
ELEVATED ROAD TO SUCCESS
BW Businessworld

ELEVATED ROAD TO SUCCESS

Honda Cars India is exporting 'Made in India' cars back to Japan showcasing India as a strong manufacturing hub for Honda sedans and SUVs. What is its game plan?

time-read
4 mins  |
April 20, 2024
HOW HINDUJA GROUP'S BID TO ACQUIRE RELIANCE CAPITAL VIOLATES INDIA'S FDI, INSURANCE NORMS
BW Businessworld

HOW HINDUJA GROUP'S BID TO ACQUIRE RELIANCE CAPITAL VIOLATES INDIA'S FDI, INSURANCE NORMS

The bid structure has come into question with the insurance regulator pointing out that it not just allows Hinduja Group-backed foreign entities to own 100 per cent in Reliance Capital’s insurance business but also lets them bid on borrowed money in total disregard of Indian laws and norms

time-read
8 mins  |
April 20, 2024
Taking Astrology To The Masses
BW Businessworld

Taking Astrology To The Masses

Driven by profound fascination and belief in the cosmic intricacies, Rajeev Bhandari, Founder, AstroSagga is on a mission to offer affordable courses to fuel employment in astrology sector

time-read
2 mins  |
April 20, 2024
"My Mission Is To Make Temples Across India Better"
BW Businessworld

"My Mission Is To Make Temples Across India Better"

Sharad Kamath, Founder and CEO, 3ioNetra identified the need fora comprehensive software solution to address the complex billing and accounting needs of temples based on his experiences as avolunteer and organiser at religious functions

time-read
2 mins  |
April 20, 2024
A Conduit Between Spiritual and Tech Realms
BW Businessworld

A Conduit Between Spiritual and Tech Realms

In November 2023, Vama secured a Seed Plus round led by Wavemaker Partners, bringing its total funding to USS 2.8 million

time-read
2 mins  |
April 20, 2024
"AI Will Catalyse Hockey Stick Growth Of Astro Sector In India"
BW Businessworld

"AI Will Catalyse Hockey Stick Growth Of Astro Sector In India"

The current faithtech landscape in India leans heavily towards entertainment, says Punit Pandey, Founder, AstroSage and believes the key lies in shifting the revenue model from entertainment to trust

time-read
1 min  |
April 20, 2024