Sesa profits are mostly earned in Goa and by just digging and hauling resources from the Mother Earth. Several opinions have been expressed that the ore belongs to Goan people and therefore the benefits must go to Goans. The profits earned by Sesa are now being used to satiate the ego of a non-Goan individual, who wants to pride that he has oil drilling under his belt. Atleast if the money was invested in industry in Goa, it would have generated employment in Goa. Incidentally, 700 Goan engineers pass out every year. Of these, hrdly 100 get placed in Goa. Remaining are forced to migrate to Bangalore, Pune etc.
In response to Economic Times news: Sesa Goa has cash reserve of Rs 7,835 crore as of March 2010. http://economictimes.indiatimes.com/news/news-by-industry/indl-goods-/-svs/metals--mining/Sesa-Goa-shareholder-moves-SC-against-Cairn-deal/articleshow/6435136.cms * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * Goa-launch of the well-received *Into The Diaspora Wilderness* by Selma Carvalho on Aug 29, 2010 (Sunday) at 11 am at Ravindra Bhavan, Margao. Meet the author, buy a signed copy (only Rs 295 in Goa till stock lasts). http://selmacarvalho.squarespace.com/
