With the Covid-19 pandemic taking a toll of the economy, the government has been quick to realise that meaningful reforms of the mining sector could be a game changer. Mining companies say the plans to introduce an exploration-cum-production regime that the finance minister announced in May for 500 mineral blocks has not come a moment too soon. “The minerals and resources sector is capable of contributing as much as 8 per cent to gross domestic product (GDP) by 2025,” says Sunil Duggal, Vedanta group CEO and chairman of CII national committee of mining.
Mining accounts for 1.63 per cent of