This report is a depiction of the present state of the mining industry and the country’s mineral portfolio. It highlights the growth potential of the mining industry and the potency it has to boost the overall growth of the Indian economy. The Strengths, Weakness, Opportunities and Threats explain the various dynamics encompassing the sector and periodic interventions made by the Government to address the pressing issues.
The Way Forward in the Report contains recommendations for unimpeded growth of the domestic mining industry. This includes streamlining the regulatory processes both at the Central and state level. Rationalising taxes, smooth transferring of mining leases and streamlining auctions by modifying the rules for incentivizing competition are some important suggestions made in the Report. Among other suggestions include furthering the Make In India programme, giving renewed push to infrastructure and logistics in the mining zones and effective utilization of DMF funds.
The report was unveiled at the Global Mining Summit 2018 held from 31 October - 1 November at Kolkata, West Bengal.