 "iron ore, mining, steel, iron, mines, metals")
For a country like India, which has a massive mineral potential, to rely on imports to meet its energy requirements is an example of how policy formulations can either make or break a sector. The Mines and Minerals Development and Regulation Act (MMDR Act) was introduced in 1957 to develop and regulate India’s mining sector. However, what the sector saw over the next five decades was a toxic concoction of power and politics leading to its under-development and over-regulation. An opportunity to build a self-reliant and energy-sufficient nation was lost for several decades with the sector kept bound in the
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