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Goa: Margao’s purumentachem fest attracts biz, helps civic body rake in moolah
If feast fairs could be considered a barometer of the rural economy, green shoots of economic revival are visible in Margao with the Margao municipality allocating 260 stalls to vendors for the feast of the Holy Spirit Church, Margao that was held on Sunday. The Margao Municipal Council (MMC) netted revenue of close to Rs 20 lakh from the rent towards stalls allotted to vendors. Contrast this against last year’s revenue of Rs 4 lakhs and the recovery of local market sentiment is quite palpable, business and commerce watchers say.