Mining Sector

India is well endowed in minerals and produces as many as 95 minerals, which include 4 fuel, 10 metallic, 23 non-metallic, 3 atomic and 55 minor minerals (including building and other materials) mined through 1,300 mines.

India continued to be largely self-sufficient in minerals which constitute primary mineral raw materials that are supplied to industries, such as iron & steel, aluminium, cement, various types of refractories, china clay-based ceramics, glass, etc.

Challenges

• Despite, India being well-endowed in minerals, the sector still lags behind other nations in mineral exploration and mining.
• Before 2015, grant of mineral resources was through ‘first-come-first-serve’ method which ....