Home » National » Dharmendra Pradhan says that Mining sector has seen maximum reforms and paradigm shift in the last six years

Dharmendra Pradhan says that Mining sector has seen maximum reforms and paradigm shift in the last six years

Newdelhi:18/11/20″: Union Minister of Steel & Petroleum and Natural Gas Shri Dharmendra Pradhan today said that Mining is one of the key sectors where a large number of policy reforms have been undertaken in the last 6 years, bringing about a paradigm shift. Speaking at the National Mining Summit organized by PHDCCI here today, he called for greater value addition to drive self-reliance. The Minister said that the Hon’ble Supreme court had decided that ownership of the natural resources of the country lies with the people of the country and called for a new procedure for the exploitation of natural resources. Following this, the Government moved in this direction, and the change from nomination to the bidding process for resource allocation was started. The States, where these resources lay, have become the major beneficiaries in the revenue thus generated.

Shri Pradhan said that the Prime Minister has envisioned that all natural resources including Coal, Iron ore, bauxite, manganese, rare earth, etc should be properly assessed and exploited, and their monetization should be done through the transparent bidding process and at the same time, cost competitiveness of the country should be retained.  He said the challenge is to make the processes simpler and easy. The Minister said that in this age of global village, the international investors will invest only if they see certainty and profitability in the venture. He said that the policymaking is being done, keeping all this in mind. Various departments of the Government of India are working in sync in this regard, along with the substantive help from various state governments.

Shri Pradhan said that a holistic view of the sector needs to be taken as the country has to not only fulfill its own domestic requirements but also work towards becoming a global manufacturing hub. He said that policy certainty has to be backed up with cost competitiveness to ensure the value out of our raw materials are realised optimally with sustainability and drive self-reliance.

Shri Pradhan also called for a greater infusion of technology, digitalisation, new business models, greater efficiency in all activities from inventory management to raw material procurement, and value addition. He said that the country is bestowed with natural resources, along with a large market, and India is poised to make a seamless mining ecosystem and become self-reliant in the sector.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
x

Check Also

Hirakud dam reservoir opened four more sluice gates as rains continued to lash the upper catchment areas

Sambalpur:13/8/22: The authorities at Hirakud dam reservoir opened four more sluice gates today as rains continued to lash the upper catchment areas of Mahanadi river. With this, the flood waters are ...