New Indian department to lure mining investors

By Shruti Salwan
Published: Thursday, 28 April 2016

India’s Ministry of Mines to establish an inter-ministerial group responsible for revisiting mine auction plans and making it pro-investor, following the disappointing response it received over 43 mineral blocks out of which only six were auctioned last year.

After receiving limited interest from the potential bidders for mineral-bearing mines, the Indian government has decided to create an Inter-ministerial Group (IMG) to rework on the plan in order to facilitate investor interest and ensure successful auctioning of the mineral blocks.With representation from...

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