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Indian Industry

Recent Developments in Mining & Minerals Sector

Indian mining and minerals industry is one of the rapidly developing sectors. The metallurgical and mineral industries in India provide a foundation for the country's industrial growth and development. India has a vast base of metals and minerals. It includes all the atomic minerals, metallic minerals and non-metallic metals, ferrous minerals and non-ferrous minerals, industrial minerals and fertilizer minerals, i.e. minerals like gold, silver, diamond, iron, chromium, copper, lead, zinc, aluminium, mica, bauxite, graphite, tin, platinum, cobalt and limestone.

The metals, minerals and mining is one of those sectors in the Indian economy which attract the highest FDI. The Indian mining industry currently employs over 1.1 million people.
The opportunities are knocking at the door of skilled professionals in this sector. With amendments in the Mines and Minerals (Regulation and Development) Act or MM (R&D) Act, October 1996, the Government of India had opened up the sector to the private players and has taken various steps to encourage the investments in the sector. And now, with the new National Mining Policy in place, the Ministry of Mines plans to attract investments of Rs 1,00,000 crore in the mining sector.

India has already established itself as the major exporter of various raw materials in the industry to the outside world. Both raw and processed minerals, along with diamonds, are the major constituents of India's exports to other countries. But due to increase in population and subsequent increase in the demand for energy and other minerals, India also imports many such products, major constituents of its imports being crude oil.

Here at naukrihub, we make an attempt to look at some of the major recent developments taking place in the mining and minerals sector:

Recent Developments

     -New export tax on Iron ore retarding India-China trade
     -FDI In Indian Mining And Minerals Industry
     -Indian Companies Going Abroad
     -Recent Revision Of Royalty On Minerals



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