Ambar Timblo has no work. For the first time in six decades his family’s iron ore mines in India’s western state of Goa are idle. A court-imposed ban on production drove away his biggest buyers in China and Japan.
“It will take me a decade to win back market share as there is tremendous uncertainty about supplies from India,” said Timblo, a London School of Economics graduate and a former national badminton player. “Our loss has been a gain for our rivals from other countries.”