Date | July 11, 2017:

Piyush Goyal, Minister of State (Independent Charge) of Power, Coal, New and Renewable Energy and Mines, underlined the need to step up mineral exploration in the country that is currently constrained due to lack of private sector participation (PPP) in the activity.

He was addressing a conference on ‘Indian Mining Industry 2030 – Way Forward’, organised by FICCI jointly with the Ministry of Mines, Government of India.

Goyal said that the time was ripe to reflect on where we had gone wrong and suggested a PPP model could be tried out for giving a fillip to mineral exploration. He urged FICCI to set up a committee comprising of young mining aspirants to develop a position paper to speed up the exploration activities.

Addressing the industry’s concerns, the Minister said that high-value, strategic and import substitution minerals were the priority minerals for exploration to make India self-sufficient in these natural resources.

(Source: http://www.indiainfoline.com/)