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Goa's mining industry warns that a proposed iron ore export duty could cost ₹800 crore annually and threaten jobs.
The Goa Chamber of Commerce and Industry is urging the Indian government to maintain the current zero export duty on low-grade iron ore from Goa and the Konkan region, warning that imposing a duty would cause over ₹800 crore in annual revenue loss, disrupt mining operations, harm investor confidence, and threaten thousands of livelihoods.
The sector, already fragile, relies on this policy for stability and fair trade, especially as India meets domestic iron ore needs.
Despite earlier plans to raise export duties to 20–30%, growing industry opposition, concerns over steel supply, and monsoon-related disruptions have delayed the move, with no immediate decision expected.
La industria minera de Goa advierte que un impuesto propuesto a la exportación de mineral de hierro podría costar ₹ 800 crores anuales y amenazar los empleos.