Mining stakeholders attend 'fruitful' meet with Sinha

PANAJI: Representatives of mining stakeholders who met the deputy governor of the Reserve Bank of India (RBI), Anand Sinha, returned with high hopes of getting a relaxation on the repayment of loans.
President of the Goa Chamber of Commerce and Industry (GManguirish Pai Raikar who led the delegation, told TOI that the meeting with the RBI deputy governor was fruitful.The RBI's regional director (RD) will talk to lead banks to sort out the loan issue, he added.
Led by Raikar, the delegation consisting of Atul Jadav (president of the barge owners' association), Mahesh Gauns (president of the truck owners' association), Sandeep Parab (president of the heavy machinery operators' association), Chandrakant Gawns, William D'Costa and P S Naik, held a nearly one-hour-long meeting, which was also attended by some senior officers of the RBI.
Jadhav told TOI from Mumbai that the meeting was "very positive" and that the RBI expressed eagerness to help out the industry. Out of the 290 barges, 170 have been taken on a loan amounting to 360 crore, Jadhav said.
Raikar said that Sinha told them to impress upon the state government to get mining activities resumed.