India’s mining minister, Prahlad Joshi, urged the state governments to strengthen available mineral infrastructure to bring more growth in India’s mining sector, thereby, reducing imports of minerals. The minister, while attending the fifth national conclave on mines and minerals held on 23 Nov’21, said the Union government may consider providing more incentives to state governments to boost the mining process across the nation.
At the event, the minister handed over 52 mining block reports approved by the Geological Survey of India (GSI) to 15 state governments.
The regime of auctions for grant of mineral concessions introduced under the Mines and Minerals (Development and Regulation) Amendment Act, 2015, has brought about transparency and removed discretion to a great extent, the recent PIB release read. This has not only resulted in substantial increase in revenues to the state governments but also brought about ‘ease of doing business’ in the mining sector.
Prior to this, panel discussions on recent amendments in the Mineral Act and presentation by state mining department officials were held as part of the one-day conclave. GSI presented a technical session on advanced exploration technology and the on-going strategy for identifying more mineral blocks.
The conclave was attended by senior officials of the ministry, GSI, NMET, PSUs and representatives of state governments and industries.
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