Hyderabad: The new National Mineral Policy 2019, which is being finalised owed much to the mining policy of Telangana. The State government, represented by BRV Susheel Kumar, Director of Mines and Geology, contributed ingenious and resourceful inputs to the Ministry of Mines, Government of India, for framing the new National Mineral Policy. The preparation of the policy was spearheaded by K Rajeswara Rao, Additional Secretary, Ministry of Mines, Government of India. Rajeshwar Rao is a senior IAS officer and a native of Nalgonda district..
The new policy will have effective and implementable provisions that will ensure more transparency, better regulation and enforcement, balanced social and economic growth as well as sustainable mining practices. It will ensure effective regulation leading to sustainable mining sector development and encourage the private sector to take up exploration. It will also encourage merger and acquisition of mining entities and importantly, the most sought-after requirement of mining sector that is granting industry status to mining activity to boost the financing of mining for the private sector and for the acquisition of mineral assets in other countries by private sector. Auctioning in virgin areas for composite RP cum PL on revenue share basis and long term import and export policy for minerals for better planning and stability in mining business. India major mineral producer in world The Indian Mining Industry has been a major mineral producer in the world. Its strategic location enables convenient exports to developed and fast-developing international markets. India produces 95 minerals, including four fuel-related, 10 metallic, 23 non-metallic, three atomic and 55 minor. Rise in infrastructure development and automotive production are driving growth in the sector. Power and cement industries are also aiding growth in the metals and mining sector. Demand for iron and steel is set to continue. India is the third largest producer of minerals in the world. Since the initiation of the National Mineral Policy in 1993, India has made good progress in attracting forest investment in the mining sector, along with attractive incentives. The National Mineral Policy was revised in 1994 and 2008, and as a result, private investment — both domestic and foreign — has been permitted for exploration and exploitation of the minerals in the country. The Union Ministry of Mines, taking into consideration the significant scope for new mining capacities and considerable opportunities for future discoveries of sub-surface deposits, has initiated to revisit the National Mineral Policy 2008. It accordingly obtained comments and suggestions from the general public, State governments, Union Territories, mining industry, industry associations and other stakeholders, and notified the National Mineral Policy 2019. The Telangana government, represented by BRV Susheel Kumar, Director of Mines and Geology, contributed ingenious and resourceful inputs to the Ministry of Mines, Government of India, in framing of the National Mineral Policy 2019..