https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

GCCI Urges Centre to Retain NIL Export Duty on Goa’s Low-Grade Iron Ore, Warns of ₹800 Crore Annual Loss

Export Duty on Low-Grade Ore Will Hurt Goa’s Mining Recovery: GCCI Warns Centre
Indian Masterminds Stories

Panaji/New Delhi: The Goa Chamber of Commerce and Industry (GCCI) has urged the Union Government to retain the current NIL export duty on low-grade iron ore, warning that any levy could severely impact Goa’s fragile mining sector, which is still recovering from years of legal and regulatory uncertainty.

In a letter dated September 15, addressed to Union Minister of Mines G. Kishan Reddy, GCCI President Pratima Dhond raised serious concerns about potential policy changes that may introduce export duty on iron ore fines and lumps below 58% Fe content – a category that includes almost 100% of Goa’s iron ore production.

GCCI Flags Risk of ₹800 Crore Annual Loss

The chamber warned that introducing export duty on low-grade ores could result in an annual revenue loss of more than ₹800 crore from current production levels. It would also undermine investor confidence, disrupt operational viability, and jeopardize thousands of mining-dependent livelihoods in Goa and the Konkan region.

“Such an approach will support local livelihoods, ensure sector viability, maintain fair trade practices, and avoid destabilising an already fragile industry,” the GCCI stated in its letter.

Goa’s Unique Mining Constraints Highlighted

The GCCI highlighted Goa’s structural disadvantages in comparison to other major mining states like Odisha, Jharkhand, Karnataka, and Chhattisgarh-

  • The average iron content of Goa’s ore is just 54% Fe, far lower than in eastern India.
  • The ore is unsuitable for domestic steelmakers due to high logistics costs and higher coking coal requirements.
  • Even Goa’s pig iron units rely mainly on imported or higher-grade domestic ore.

Concerns Over Advisory Committee’s Terms of Reference

GCCI’s appeal follows the constitution of a high-level Advisory Committee by the Ministry of Mines on August 28, and a stakeholders’ meeting on August 26. Clause “E” of the Committee’s Terms of Reference has sparked speculation about a possible export levy on low-grade iron ore.

This has created what GCCI calls a “deep sense of uncertainty” in the industry, especially since Goa’s ore is primarily exported, as it has limited domestic demand.

Mining Resumption Still in Early Phase

Goa’s mining operations only resumed recently after years of suspension and Supreme Court litigation. Out of 12 mining blocks auctioned, only three have commenced production, while the rest are expected to follow later this year.

The Supreme Court cap on extraction – set at 20 million tonnes annually – also limits Goa’s contribution to less than 5% of India’s total iron ore production.

“An export duty at this stage would discourage competitive bidding, erode business confidence, and threaten the state’s economic recovery,” the letter noted.

Chief Minister Briefed on Concerns

GCCI said it had already briefed Goa Chief Minister Pramod Sawant during his visit to the chamber on September 8, where he assured that the state government would look into the issue.

The chamber emphasized that the original rationale for export duties – preserving high-grade ore for domestic steel use – has already been addressed through a 30% duty on ores above 58% Fe.

“India is now self-sufficient in iron ore. Only low-grade surplus ore is exported after domestic demand is met,” the letter pointed out, citing the Ministry of Mines Annual Report 2025.

Regional Realities

As the Centre evaluates its policy framework on iron ore exports, GCCI’s appeal highlights the importance of tailoring decisions to regional realities. A uniform export duty, they argue, could disproportionately harm Goa’s struggling mining sector, undoing hard-won gains in investment and employment.


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
cheetah cub
India Celebrates Birth of 5 Cheetah Cubs at Kuno National Park, Total Population Now 35
UPSC Answer Keys Transparency
UPSC Extends Call Centre Hours to Support Aspirants for CSE & IFS 2026, Operates 7 AM-9 PM for Exam Applicants
international big cat alliance IBCA
Bengaluru to Host First International Big Cat Alliance (IBCA) Meeting on Feb 7 Ahead of Global Summit
j1rgmuag_narendra-modi-ajit-doval-pk-mishra_625x300_13_June_24
PSUs Must Be Ready to Compete Globally, Embrace Innovation: PMO Secretary Dr PK Mishra at DAKSH Leadership Programme
GRSE Secures Second Refit of Seychelles Coast Guard Ship PS Zoroaster, Boosting India’s SAGAR Vision
GRSE Secures Second Refit of Seychelles Coast Guard Ship PS Zoroaster, Boosting India’s SAGAR Vision
ONGC Awards 2026
Global Recognition: ONGC Wins GEEF Platinum Award 2026 for Excellence in Safety and Environment Management
Election Commission of India
Election Commission Briefs 14 West Bengal IAS Officers as Central Observers for Upcoming Polls
Indian Coast Guard International Oil Smuggling Operation
Explained: How Indian Coast Guard Tracked and Stopped an International Oil Smuggling Operation at Sea
ADVERTISEMENT
ADVERTISEMENT
Videos
WhatsApp Image 2026-02-05 at 6.39
The IAS Officer Who Refused to Let Bastar’s Children Fail Alone | Vinit Nandanwar’s Interview
Vinit Nandanwar
Vinit Nandanwar And The Making Of Bastar's First IAS
Mugdha Sinha
A Bottle-Painter, A Poetess, An Author, Avid Reader, Champion Player and A Successful IAS Officer – Mugdha Sinha Has Aced It All
ADVERTISEMENT
UPSC Stories
Siddharth Babu UPSC IFS
Calm, Clarity and Rank 15: How Siddharth Babu Cracked UPSC and Joined the IFS
Who is Siddharth Babu? The 2017-batch IFS officer who interpreted for PM Modi on Republic Day and cracked...
IAS Avdhija Gupta UPSC
She Cried, She Learned, She Returned: The Unbreakable UPSC Journey of IAS Avdhija Gupta
From three consecutive Prelims failures to securing AIR 43, IAS Avdhija Gupta’s UPSC CSE-2024 journey...
UPSC Logo Explained
Why the UPSC Centenary Logo Matters: A Visual Guide to 100 Years of Civil Services
The UPSC centenary logo marks 100 years of India’s civil services. Decode its symbols and trace the journey...
Social Media
One-Horned Rhino Calf
Watch: First One-Horned Rhino Calf of 2026 Takes Birth at Jaldapara National Park, IFS Officer Shares Rare Footage
A newborn one-horned rhinoceros calf was spotted at Jaldapara National Park on January 1, 2026. IFS officer...
venomous banded krait
Rare Night Encounter: IFS Officer Spots Highly Venomous Banded Krait During Forest Patrol, Internet Amazed
An IFS officer’s night patrol video of a highly venomous banded krait has gone viral, highlighting India’s...
elephant rescue Karnataka
Heroic Karnataka Elephant Rescue: How a 28-Hour “Impossible Mission” Became a Triumph of Wildlife Care, IFS Parveen Kaswan Shares Video
A trapped elephant was rescued after 28 hours in Karnataka through a massive, expertly coordinated Forest...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
cheetah cub
India Celebrates Birth of 5 Cheetah Cubs at Kuno National Park, Total Population Now 35
UPSC Answer Keys Transparency
UPSC Extends Call Centre Hours to Support Aspirants for CSE & IFS 2026, Operates 7 AM-9 PM for Exam Applicants
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
WhatsApp Image 2026-02-05 at 6.39
Vinit Nandanwar
Mugdha Sinha
ADVERTISEMENT
ADVERTISEMENT