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Green norms, tribal tension risk bauxite mining industry's growth: Fitch

India's bauxite output growth will accelerate to serve growing demand from the domestic aluminium industry

Press Trust of India  |  New Delhi 

bauxite

In spite of positive outlook for the country's industry, tightening environmental regulations and tribal tensions pose downside risks by slowing new projects, said.

India's output growth will accelerate to serve growing demand from the domestic aluminium industry, Macro Research (a unit of Fitch Group) said in its report.

"We forecast Indian production to grow from 30.9 mt (million tonne) in 2018 to 50.7 mt by 2027....tightening environmental regulations and tribal tensions pose downside risks..." it said.

In February last year, the had approved long-term linkage (LTL) policy for bauxite.

The state Cabinet had approved amendment of the LTL policy to specify detailed guidelines for bauxite linkage.

Elaborating on the salient features of the amended LTL policy as approved by the government for linkage of bauxite, the government had said that 70 per cent of the saleable stock of bauxite would be made available for long-term linkage, and the balance 30 per cent would be sold through national

First Published: Wed, January 09 2019. 14:55 IST
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