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Mining: Major investors anticipate potential in liberalised rules

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

economy, mining, construction, industrial activity, industry, manufacturing
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Mining accounts for 1.63 per cent of GDP, and this is a small drop from 1.93 per cent in 2018-19

Kunal Bose New Delhi
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