Key government policies benefiting the mining sector

Why Government Policies Matter in Mining

– Supportive policies drive growth, sustainability, and investment in the mining sector.
– They ensure resource security and economic development.

National Mineral Policy

Goals: Boost mineral exploration, improve production, and ensure environmental sustainability.
Impact: Attracts private investments and fosters technological innovation.

Production Linked Incentive (PLI) Scheme

Objective: Incentivizes production of critical minerals like lithium, cobalt, and rare earth elements.
Impact: Reduces reliance on imports and boosts local manufacturing.

Auction of Mineral Blocks

Policy: Competitive auctions for mining licenses to ensure fair allocation.
Impact: Enhances transparency and attracts global players to invest in Indian mining.

Sustainable Mining Initiative

Objective: Promotes eco-friendly mining practices and community welfare.
Impact: Ensures compliance with ESG norms, attracting environmentally-conscious investors.