Mining Industry Undergoing a Transformation

Mining sector holds considerable importance as it does not prosper alone but causes an inclusive growth of other industries as well. The growth in the metals and mining sector in India can be attributed to the rise in infrastructure development and automotive production. The benefit which India has is its vast mineral potential. Making it even more enticing is the mining lease awarded for periods of 20 to 30 years. With the National Mineral Policy (NMP) released in 2019 which governs the country’s mining sector, states can avail some powers pertaining to mineral exploration. The policy proposes that local governments can go for auction of mineral blocks with clearances in order to avoid delays in the process of mine permitting and construction.More and more technologies are finding their way into the mining sector. After the opencast techniques, the sector is aggressively moving towards underground mining and surface drilling technologies.

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