Goa Gets Rs 4 Billion Boost For Iron Ore Mining Revival

07 Nov 2025 CW Team

The funding was sanctioned under the Special Assistance to States for Capital Investment (SASCI) Scheme 2025–26, as part of the Mining Sector Reforms (Part-V), which includes three components — Minor Mineral Reforms (Component-I), Major Mineral Reforms (Component-II), and the State Mining Readiness Index-based Reforms (Component-III).

According to the Union Ministry of Mines, proposals were received from several states for incentive-based funding under these components. After detailed evaluation, Andhra Pradesh, Punjab, Goa, Rajasthan, Gujarat, Assam, and Tripura were declared eligible for funding under the scheme. Goa was sanctioned Rs 4 billion to accelerate the revival of its mining industry.

“I extend my gratitude to Hon’ble Prime Minister Shri @narendramodi ji, Hon’ble Union Minister of Mines Shri @kishanreddybjp ji, and the Ministry of Mines for releasing Rs 4 billion under the Special Assistance to States for Capital Investment 2025–26, Reforms for Goa,” Sawant wrote on X (formerly Twitter).

He added, “The assistance supports the operationalisation of two mining blocks in 2025–26. The Government of Goa has ensured a transparent auction process and provided all necessary backing to revive and restart mining in the state.”

The Goa government has been taking steps to revive the iron ore sector following years of suspension due to environmental and legal concerns. The financial assistance is expected to boost employment, attract investment, and rejuvenate Goa’s economy through sustainable and responsible mining operations.

“This move will give a strong boost to Goa’s mining sector, employment generation, and the overall economy, paving the way for sustainable growth,” Sawant added.

Goa Chief Minister Pramod Sawant on Monday expressed gratitude to Prime Minister Narendra Modi for approving Rs 4 billion (Rs 400 crore) in special assistance for capital investment, aimed at operationalising two iron ore mining blocks in the state. The funding was sanctioned under the Special Assistance to States for Capital Investment (SASCI) Scheme 2025–26, as part of the Mining Sector Reforms (Part-V), which includes three components — Minor Mineral Reforms (Component-I), Major Mineral Reforms (Component-II), and the State Mining Readiness Index-based Reforms (Component-III). According to the Union Ministry of Mines, proposals were received from several states for incentive-based funding under these components. After detailed evaluation, Andhra Pradesh, Punjab, Goa, Rajasthan, Gujarat, Assam, and Tripura were declared eligible for funding under the scheme. Goa was sanctioned Rs 4 billion to accelerate the revival of its mining industry. “I extend my gratitude to Hon’ble Prime Minister Shri @narendramodi ji, Hon’ble Union Minister of Mines Shri @kishanreddybjp ji, and the Ministry of Mines for releasing Rs 4 billion under the Special Assistance to States for Capital Investment 2025–26, Reforms for Goa,” Sawant wrote on X (formerly Twitter). He added, “The assistance supports the operationalisation of two mining blocks in 2025–26. The Government of Goa has ensured a transparent auction process and provided all necessary backing to revive and restart mining in the state.” The Goa government has been taking steps to revive the iron ore sector following years of suspension due to environmental and legal concerns. The financial assistance is expected to boost employment, attract investment, and rejuvenate Goa’s economy through sustainable and responsible mining operations. “This move will give a strong boost to Goa’s mining sector, employment generation, and the overall economy, paving the way for sustainable growth,” Sawant added.

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Real Estate

09 Mar 2026

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Real Estate

09 Mar 2026

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..