The Covid-19 lockdown has cost Goa's tourism industry Rs 1,000 crore in earnings, Goa Chamber of Commerce and Industry President Manoj Caculo said on Tuesday, and urged the state government to urgently resume mining operations to make up for revenue shortfall and open up more employment avenues.
"It is estimated by various agencies that the state's tourism industry -- the second largest revenue earner for Goa -- has lost about Rs 1,000 crore in business because of the lockdown," Caculo said in a statement here.
Caculo also welcomed the "proactive steps" taken by Chief Minister Pramod Sawant-led government for the resumption of mining activities in Goa, including meetings with Prime Minister Narendra Modi and Union Mines Minister Prahlad Joshi.
"We are hopeful that the follow-up meetings will be held at the earliest and an appropriate decision to resume mining in the interest of Goa and its subjects shall be taken at the earliest," Caculo said.
"Mining resumption will provide the much-needed fillip to the state's coffers in the form of royalty and taxes and at the same time also provide a viable and continuous source of livelihood to thousands of Goans in these desperate times of Covid-19 pandemic," he added.
Mining was banned by the apex court in 2012 following the unearthing of a Rs 35,000 crore scam by a judicial commission appointed by the central government. But it was resumed in 2015 with restrictions, before it was banned again by the apex court in 2018 following irregularities in the renewal of 88 mining leases.
When the mining industry was at its peak, mining extraction, trade and export accounted for 30 per cent of the state's Gross Domestic Product.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.