From Bottlenecks to Breakthroughs
India’s mining sector has seen transformative reforms over the last decade. The first-ever potash block auctioned last month reflects the shift toward cutting agricultural imports and enhancing food security. Over 500 mineral blocks have been auctioned since the introduction of the auction regime — with 119 in the past year alone.
Policy Overhaul and Private Participation
Reforms in the Mines and Minerals Development and Regulation Act between 2015 and 2023 paved the way for a globally competitive sector. Uniform 50-year leases, seamless clearance transfers, and exploration licenses have encouraged private participation, especially from MSMEs and startups.
Predictability and Investor Confidence
Digital initiatives such as the Mining Tenement System, drone surveys, and faceless return filing have boosted transparency. The National Mineral Exploration Trust and open geological data have further enhanced investor trust.
Focus on Critical Minerals and R&D
With the launch of the National Critical Mineral Mission, India is positioning itself globally in strategic minerals like lithium, cobalt, and nickel. Centers of Excellence are also being established to advance R&D in recycling and exploration.
Strengthening Federal Cooperation
Centre-State collaboration has intensified, generating over ₹4 lakh crore in revenue from auction premiums and royalties. Initiatives like the District Mineral Foundation and State Mining Index demonstrate strong cooperative federalism in action.
Vision for a Global Future
As India ascends to being the world’s third-largest economy, a modern, tech-powered, and investor-friendly mining ecosystem will serve as a backbone for its industrial and economic growth.
Source: PIB
