The mid-'70s witnessed a boom in Goa's mining industry,
both in terms of productivity and profitability.
Panduronga Timblo Industrias (PTI) had evidently also
made pots of cash, particularly from its manganese
mines in Rivona, Quepem. While brother, Gurudas' Timblo
Private Limited (TPL) had during this time invested in
some far-sighted (but alas, badly managed) industrial
enterprises, including fertilizers, rubber footwear and
collapsible tubes, youngest brother, Modu's Sociedade
de Fomento Industrial (SFI) was consolidating its
strengths in mining and diversifying into hospitality.
PTI did not lag behind -- with Parshuram Paper Mills at
Chiplun, industrial gases in Bangalore and, to the
surprise of many, an English-language newspaper from Margao!
A rival to Hobson's choice NT
The last comment may be off the mark. As I later learnt
from Papa himself, the project was conceived from a
broader vision. Throughout the Konkan, from Ratnagiri district
in Maharashtra to South Canara (now Dakshin Kannada)
districts in Karnataka, no English-language daily was
available before noon or afternoon those days. While
the Mumbai dak editions of Times of India (ToI) and
Indian Express (IE) did the honours in coastal
Maharashtra, it was Bangalore's Deccan Herald in
coastal Karnataka. Goa's NT, which took only a couple
of hours less to reach Margao, could not be expected to
travel beyond its borders on mass circulation basis --
till WCT arrived, NT was in fact believed to have
pegged its circulation (to avoid re-classification to a
higher bracket, which implied higher minimum wages to
staff and workers!)
It was Papa's dream to fill this void of a morning
English-language daily for the entire Konkan, from Goa.
Hence the West Coast in the newspaper's name.
Competition to NT was only incidental. (I am not aware
of any family feuds among Goa's mining magnates at the
time and shall stand corrected if there was any such
raison d' etat. If there really were any differences
between the two families, they would be buried some
years later: under blessings of the Partagal Swamiji,
Papa's grand-daughter, Pallavi, was given in marriage
to the Dempo headman, Vasantrao's son, Srinivas -
current Chairman of the Dempo group.)
Public-domain text, read in full here on John Shaqi.
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