New Delhi: The mining reforms will play a fundamental role in enhancing the sector’s contribution to the employment and GDP of the country, contributing immensely to the vision of Aatmanirbhar Bharat, industry body FICCI said.
The statement comes a day after the Lok Sabha passed a Bill to amend the Mines and Minerals (Development and Regulation) Act.
The industry body said it has always advocated for increasing the contribution of mining industry to the national GDP; focusing upon increasing mineral exploration, production & domestic supplies, reducing financial stress for the miners, attracting investments into the sector and enhancing Ease of Doing Business Quotient.
Tuhin Mukherjee, Chair, FICCI Mining Committee and Managing Director, Essel Mining & Industries termed the amendments a step forward for enabling the mining sector’s contribution to the nation’s economic growth. ”With these reforms in the Indian mining and mineral sector, the government has embarked on increasing the sectoral contribution to the Indian GDP and also to increase the competitiveness, ease of doing business and creating a favourable investment environment for the sector,” he added.
