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Govt to Review 2019 Mineral Policy Amid New Sector Priorities
Sentiment: NeutralHigh Priority
What Happened?
The Indian government plans to review the National Mineral Policy, 2019, to address evolving sector demands, focusing on critical minerals and recycling. A nine-member committee will be formed to recommend necessary modifications within two months.
Key points
- The review aims to align the policy with recent developments in the mineral sector.
- The committee will be chaired by the Additional Secretary in the Mines Ministry.
- The National Mineral Policy, 2019, was approved by Prime Minister Narendra Modi's Cabinet.
- The policy focuses on sustainable development and effective regulation of the mining sector.
- Industry experts emphasize the need for a revised policy to attract investment and technology.
Key insights
- A revised policy may enhance India's mineral security and economic contribution.
- The review aligns with global trends in mining policy revisions.
- Industry stakeholders are eager to participate in the policy review process.
Why it matters
The review could help modernize India's mineral policy to meet current industry needs.
Tags
Entities
Mines Ministry· OrganizationB K Bhatia· PersonPankaj Satija· PersonIndia· Country
Source
Business Standard
