In my dream-1…mineral policy creates a vibrant mineral exploration start-up ecosystem

Our current mineral policy has almost eliminated entry barriers for mineral exploration entrepreneurs. Mineral exploration start-ups and even an enterprising geologist with a bright idea can now secure a Composite License (CL). The CL includes exploration and mining rights and is applied online at the Ministry of Mines website. Environmentally sensitive and strategically important areas

In my dream-2…mineral policy creates exploration service industries

Exploration boom crated due to the excellent mineral policy has caused a huge demand of geologists, geophysicists, drilling engineers, drill rig manufacturers and analytical laboratories. This is reminiscent of the exploration boom of 2004-2008, much of which bypassed India. Universities are struggling to keep up with the demand and students are getting job offers even

In my dream-3…mineral policy policy brings rapid rural industrialization

Till a few years back rural industrialization was a pipe dream all one could think of were were small food processing units. But today, with reforms in mineral policy, mineral exploration and mining are leading this rapid rural industrialization. Recent changes to the mineral policy, has created a tectonic shift in India’s standing in global

In my dream-4…mineral policy creates major boom in stock market

Policy that facilitates exploration start-ups and a vibrant stock market is fueling this explosive growth. Joint venture between Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) has started a new stock exchange especially for start-ups.“The Indian Exchange for Ventures Stocks” (THIEVS) now facilitates domestic mineral exploration companies to list on this special exchange which

In my dream-5…mineral policy creates gold mines

Gold mining firms has been the biggest beneficiaries of the policy reforms. The gold production has jumped from the 2 tonnes / year when the policy reforms started to about 80 tonnes / year in the last financial. This has resulted in direct import savings of about $5 billion. Due to the import, tax savings

In my dream-6…mineral policy makes India world’s electric vehicle manufacturing destination

Recently established “Rare Earth International” is consortium between the major Indian producers of mineral sands V V Minerals, Toyota Motors of Japan and Less Known Metals of UK. This consortium had approached the government with a proposal to secure monazite as byproduct from the garnet, ilmentite and zircon mining of mineral sands in Andhra Pradesh