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Neighbour feels the heat of Karnataka's ban on iron ore transport

Owing to the ban imposed on transport of iron ore in Karnataka, at least six industrials manufacturing sponge and pig iron in Goa have been hit.

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Owing to the ban imposed on transport of iron ore in Karnataka, at least six industrials manufacturing sponge and pig iron in Goa have been hit.

Goa Chamber of Commerce and Industry (GCCI) president Manguirish Pai Raiker said that the association had already started negotiations with the Karnataka government as in the absence of raw material, all six units would need to shut their shop.

“There is a mutual benefit involved in getting the raw material from Karnataka. The iron ore from Karnataka is processed at these plants in Goa and the sponge or pig iron is sent to steel plants in Karnataka, which is a raw material for them. We do value addition here and do not export it,” Raiker said.

GCCI has said that the restrictions should be lifted on the trucks which usually carry bare minimum ore required for the units in Goa.

The ore extracted in the mining rich belt of Hospet, Bellary, Chitradurga and Sandur regions is supplied to units in Goa. These units had consumed 9.96 lakh tonnes of ore during 2009-10 and 13 lakh tonnes in 2010-11.

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