LEGISLATIVE ENVIRONMENT
The Indian government’s ostensible policy is to double mineral exploration every year with participation of domestic and foreign private players, but foreign participation in domestic non-coal mineral exploration is on a downtrend. “We are preparing a document for increasing the participation of the private sector in mineral exploration and [will] even allocate money for certain sectors of private mineral exploration,” Mines Ministry joint secretary Bipul Pathak, said in a recent statement.
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