India soon to approve new mining policy
The central government should be able to secure parliament's approval for the new national mining policy in the forthcoming budget session, said Union Minister of Mines T. Subbarami Reddy.
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The central government should be able to secure parliament's approval for the new national mining policy in the forthcoming budget session, said Union Minister of Mines T. Subbarami Reddy.
'The ministry is in talks with mineral-producing states to resolve their key concerns on the policy and expects to achieve a breakthrough soon,' Reddy said after meeting a delegation from the Ontario province of Canada here Friday.
Ontario's Minister of Economic Development and Trade Sandra Pupatello led the Canadian delegation.
'The Canadian side was told the new mining policy will facilitate foreign investment in the Indian mining sector,' Reddy said.
In the meeting, the Indian minister raised several issues like transfer of mining technology and expediting supply of helicopters for use in mineral exploration to Geological Survey of India, for which it has placed an order.
'The Canadian side assured us of its cooperation in facilitating resolution of these issues,' Reddy said.
The Ontario minister also assured to work towards expanding technical cooperation in mineral exploration with India.
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