India is among the few countries that are blessed with immense mineral resources. The geography of the country holds reserve of about 100 minerals, including four fuel-related—like coal, lignite, uranium, thorium –10 metallic, 23 non-metallic, and three atomic, but is still awaiting extensive exploration of its mineral.
Nevertheless, there is abundant investment opportunities in India’s mining sector, for both domestic and foreign investors, but the key would be how they redefine sustainability with technology and bring in long-term changes in operations. Legacy issues that plague the mining sector need to be resolved by going to the root of each issue.
A large part of mining activity happening is for coal as it has a major role to feed largely three most important sectors—power, steel and cement—the sectors that have greater contribution in economic growth of the country.
The Ministry of Coal is looking at ways to attract foreign participation in the coal mining sector. One of the options being considered is carving out larger coal blocks to meet the requirements of foreign investors, according to Coal and Mines Minister Pralhad Joshi. “We have opened up the coal mining sector for Foreign Direct Investment under the automatic route. We are formulating various policies to attract foreign investors and private sector within the country,” Joshi said at the India Energy Forum recently.
Policy Action
This story is from the November 2019 edition of Epc World.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the November 2019 edition of Epc World.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Budget 2020: A Mixed Bag of Hits & Misses
While the Union Budget has brought in several reasons for India’s infrastructure and construction industry to cheer and applaud, voices from the market draw out mixed sentiments from the stakeholders. Veena Kurup writes…
Tepid Demand: Awaiting Projects Execution
The industry has a tepid demand in 2019. However, towards the end of the year there were signs of revival and the industry is hopeful to clock 8-10 percent growth in FY2020-21. But, it all depends on how sooner the government’s projects are put on track.
We have lined up few capexes, the payback period are quite attractive
In FY19, our Satna cluster’s utilization levels were at 90 percent, says VIJAY AGGARWAL, Managing Director, Prism Johnson
Ready for Future: India's warehousing sector
The warehousing sector in India is at the threshold of a new era. From simple godowns and sheds it is evolving into an organised sector with highly automated warehouse mechanism catering to the distinctive needs of each industry.
Policy and regulatory push needed for logistics sector
After entering the spotlight in 2018, the logistics and warehousing sector had an average 2019 due to the overall economic slowdown and global headwinds.
Over the next decade, business opportunities in logistics and industrial parks are going to be robust - Dr. Niranjan Hiranandani CMD, Hiranandani Communities
As India’s new-age economy – including e-commerce and organized retail - morph into the larger quantum of growth, in sync with the same, we have seen commercial real estate throw up some surprises.
Green Cement: A Step Closure to Sustainable Construction Green Cement
Cement is a strong binding agent or adhesive, which serves as the primary ingredient in concrete.
High-performance High-Speed Doors
High Performance Doors are automatic doors used for fast access between internal and external areas of buildings.
Komatsu, L&T and Scania reaffirm commitment to the CE Industry
Komatsu, Scania and L&T Construction Equipment (LTCEL) have put up a panoramic display of 19 machines, making it one of the most comprehensive displays of Construction, Earthmoving and Road Machinery.
Addressing the Warehousing & Logistics Woes
Budget 2020 gave the warehousing and logistics sector the much-needed oxygen through monetary support and supportive policy measures, explores EPC World
