Green protection serious challenge to mining industry: Prez

Image
Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 6:29 AM IST

"This is a time of introspection. Issues such as increased mechanisation, emphasis on protection of environment, stringent social demand on safety at workplaces, large scale introduction of information technology in mining industry, more difficult geo-mining locales and cost considerations pose serious challenges to the mining industry in India," he said.

Mukherjee was addressing a function here after giving away National Safety Awards (Mines).

He said mining industry occupies an important position in the national economy as it not only employs over one million persons but also produces basic raw materials for many industries, including the core sector.

"The mineral sector contributed five per cent of our national GDP during 2010-11. The industrial climate of the country and the overall economic scenario is undergoing substantive change which, I hope, will also result in the mining industry benchmarking itself to global efficiency parameters through improvements in efficiency, productivity, safety and health standards," he said.

Mukherjee said coal should occupy a "predominant position" as the country will have to rely more on it to meet its developmental needs and vast requirement of energy.

India has about 118 billion tonne of proven coal reserves as of April 1, 2012, placing it amongst the top five countries with large coal reserves. At the present level of production, these reserves could last for around 200 years.

Mukherjee said as of now, coal meets around 52 per cent of the total energy requirement in the country.

  

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 21 2012 | 5:25 PM IST

Next Story