Draft National Mineral Policy, 2018

The draft National Mineral Policy (NMP), 2018 released by the government proposes long term export policy for the mineral sector as an incentive for investing in large scale commercial mining activity. Government seeks views on the draft National Mineral policy 2018 till Feb 9, 2018.

The central government issued the draft National Mineral Policy (NMP), 2018, wherein it stated that a “long term export policy for the mineral sector” is the need of the hour as it will provide “stability” and “incentive” for bringing investments in “large scale commercial mining” activities. A long term export policy for the mineral sector would provide stability and prove to be an incentive for investing in large scale commercial mining activity. To develop mining as a stand-alone industry, substantial investment is required. Assurances on export of minerals will be a key factor for investment decisions particularly on foreign direct investment (FDI) in the sector. The export policy should be based on a clear long term strategy, the draft NMP stated.

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