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 9,000+ 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 9,000+ magazines and newspapers.

MORE STORIES FROM BUSINESSWORLDView All
'Committed to helping India achieve carbon neutrality'
BW Businessworld

'Committed to helping India achieve carbon neutrality'

R. Purushothaman on how Danfoss India, part of Danish MNC, is supporting the nation's carbon neutrality goals with innovative products

time-read
2 mins  |
December 14, 2024
INTELLECTUAL DEPTH & ACTIONABLE INSIGHTS
BW Businessworld

INTELLECTUAL DEPTH & ACTIONABLE INSIGHTS

Anil K. Khandelwal is a transformational leader, who invites readers to rethink leadership as a journey rather than a destination. In The Gym of Leadership, he emphasises that helmsmanship is not a badge of authority but a commitment to creating a positive impact, says Srinath Sridharan

time-read
3 mins  |
December 14, 2024
AN INDUSTR BENCHMAR
BW Businessworld

AN INDUSTR BENCHMAR

The MacBook Pro M4 doesn't just set the bar for laptops-it becomes the bar. With unmatched performance, breath-taking design and incredible endurance, Apple's latest offering redefines what a laptop can achieve, says Sahil Mohan Gupta

time-read
3 mins  |
December 14, 2024
The drip of good health
BW Businessworld

The drip of good health

IV therapy seems to be a popular procedure with people in pursuit of good health and glowing skin. We spoke to medical experts about aspects to keep in mind before walking into a wellness centre to get that drip.

time-read
2 mins  |
December 14, 2024
"MACARONS FOR THE MASSES"
BW Businessworld

"MACARONS FOR THE MASSES"

CHANDNI NATH ISRANI, the driving force behind Ladurée's India expansion, redefines luxury in the F&B sector. With four flourishing Ladurée outlets established since 2021, Israni is making iconic French pastries and delicacies accessible to the Indian market. BW Businessworld sits down with the visionary entrepreneur to discuss her journey in building the luxury brand and her strategy for democratising gourmet experiences

time-read
4 mins  |
December 14, 2024
NAVIGATING THE PATH TO PROFITABILITY: A STARTUP'S BALANCING ACT
BW Businessworld

NAVIGATING THE PATH TO PROFITABILITY: A STARTUP'S BALANCING ACT

WHEN EVALUATING startup profitability, it’s crucial to break it down into two main components: unit economics and fixed costs. Unit economics refers to the profitability of delivering each singular order, which involves analysing transaction margins against costs incurred, such as delivery and payment gateway fees. This assessment helps gauge whether a business model is sustainable at a micro level.

time-read
3 mins  |
December 14, 2024
THE HOLY GRAIL OF PROFITABILITY
BW Businessworld

THE HOLY GRAIL OF PROFITABILITY

Profitability for startups is elusive, often overshadowed by growth and investor expectations. Achieving profitability requires a delicate balance between revenue generation and cost management, with factors like market dynamics and competition playing significant roles

time-read
6 mins  |
December 14, 2024
"WE ARE FOCUSED ON BUILDING A RESILIENT AND SELF-SUSTAINING SEMICONDUCTOR ECOSYSTEM"
BW Businessworld

"WE ARE FOCUSED ON BUILDING A RESILIENT AND SELF-SUSTAINING SEMICONDUCTOR ECOSYSTEM"

S.KRISHNAN, Secretary of the Ministry of Electronics and Information Technology, outlines India's ambitious plan to build a resilient and globally competitive semiconductor industry through the India Semiconductor Mission

time-read
5 mins  |
December 14, 2024
Shaping the Future of Cyber Risk Management
BW Businessworld

Shaping the Future of Cyber Risk Management

With its mission to advance cyber risk quantification through the FAIR (Factor Analysis of Information Risk) model, the institute empowers businesses to align cybersecurity with broader objectives using structured, data-driven insights. Managing Director TODD TUCKER discusses how the institute’s methodologies and community-driven approach are reshaping industry standards worldwide, including growing interest in India and Asia Pacific

time-read
2 mins  |
December 14, 2024
THE PILLAR OF A RESILIENT DIGITAL FUTURE
BW Businessworld

THE PILLAR OF A RESILIENT DIGITAL FUTURE

The rapid evolution of digital technologies has transformed the world, driving unprecedented connectivity and innovation. Yet, as the digital realm expands, so do vulnerabilities, with cyber threats emerging as critical challenges for businesses, governments and individuals

time-read
6 mins  |
December 14, 2024