Global technology start-ups to gain from proposed national mining policy

Australia-based start-ups Vayeron, FDP Mining, XDR, Quick Safety and Artemis Intelligent Robotic Systems are some of these

Under the draft national mineral policy, the planned set of incentives for private investment are likely to be more beneficial to companies providing ancillary services in the mining space, mainly start-ups from abroad, than core mining companies.

The draft policy is yet to be finalised. 

“Companies engaged in the preliminary stages of mineral exploration stand to benefit the most from the financial incentives proposed,” said Kameswara Rao, leader — energy utilities and mining — at PwC.

He said companies that can provide data repository on the potential exploration sites, do aerial surveys and collate the data to be sold to potential investors will