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Modernising mining technology

The Minister of Mines and Minister of Development of North Eastern Region Shri B.K. Handique has said that the technology and investment required for exploration and mining varies for different minerals and areas. Under the liberalized economic environment, investment decisions, including choice of technology, are taken by the entrepreneurs based on their techno-economic judgements and commercial considerations. The Government has announced the National Mineral Policy, 2008 which enunciates policy measures in order to reduce impediments to investment and technology flows in the mining sector in India. The National Mineral Policy, 2008 enunciates that mine development and mineral conservation as governed by the rules and regulations will be on sound scientific basis, with the regulatory agencies, viz. Indian Bureau of Mines and the State Directorates, closely interacting with R&D organizations, and scientific and professional bodies to ensure optimal Mining Plans. In addition, the Policy seeks to strengthen the indigenous industry for the manufacture of mining equipments and machinery.

In a written reply in the Lok Sabha today he said that the National Mineral Policy, 2008 envisages streamlining and simplifying the procedures in grant of mineral concessions in order to attract investment including FDI, into the mining sector in India. The Policy also seeks to facilitate import of mining equipment and machinery.


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