Mines Minister Pralhad Joshi informed that the Union government is set to announce industry-friendly reforms in the mining sector and his ministry has invited investors to explore the opportunities that the Indian mining sector offers. Issues like illegal mining, environment clearance and forest clearance will be deliberated and suitable action as per the law will be taken. 500 mining blocks would be offered through the open and transparent auction process. Mining sector creates wealth and employment and strengthens the nation from within as it contributed ₹4.1 lakh crore to the country's GDP in the last financial year. India is a mineral-rich country producing 95 different minerals, including metallic and nonmetallic and commercial coal mining is the biggest reform in the coal sector of the country.
📅Published on:
13 August 2020
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