VASCO, Jan. 29 -- Mormugao Port Authority (MPA) Deputy Chairman G P Rai said that the new trend of exporting iron ore from Karnataka through the railways will boost the port's traffic substantially. He predicted better growth during the next financial year.
In his Republic Day address at the MPA, Rai said that the port has been reeling under severe financial stress for the past several years due to the closure of mining activity. "The good news is that the Goa government has gone ahead with the e-auctioning of mines," said Rai, adding that he hoped that export activities would start soon. In addition to this, the MPA has managed to attract new cargo like gypsum and bauxite this year, he added.
Rai said that though the MPA had been unable ...