core sector communique

Strategic Plan for Ministry of Mines

The Ministry of Mines is preparing a detailed Strategic Plan document “Unlocking the Potential of the Indian Minerals Sector” in order to systematize the functioning of the Ministry and align it more directly with the vision emanating from the National Mineral Policy. The Strategic plan has identified that the Indian minerals sector holds a huge potential for all stakeholders, including the central government, state government, community and the entire economy. With the right kind of support, the mining sector has the potential to significantly contribute to the GDP and also improve the revenues of royalty and taxes. The Strategic Plan has identified the six priorities to achieve the objectives. These priorities are (i) expanding resource and reserve base by stepping up exploration and aiding international acquisition of strategic minerals (ii) reducing permit delays to create a more favourable policy environment (iii) setting up core enablers for mining—infrastructure, human capital and technology (iv) ensuring sustainable mining and development (v) creating an information, education and communication plan and (vi) establishing the right governance structure for effective implementation.