Goyal: Lack of pvt participation hindering mineral exploration
The Indian Express , Jul 12, 2017
Mineral exploration in India is currently constrained due to lack of private sector participation, Union minister Piyush Goyal said on Tuesday.
A public-private partnership could be tried out to give a fillip to mineral exploration, said the minister of State (Independent Charge) of Power, Coal, New & Renewable Energy and Mines.
Addressing a FICCI conference here, he said, "the time is ripe to reflect on where we had gone wrong" while suggesting setting up of a committee comprising young mining aspirants to develop a position paper to speed up exploration activities.
"This committee should look at innovative ways to bring down the time of actual operation of mine after it is put up for auction, thus enabling the sector to make a quantum jump," he added.
Underlining the need to step up mineral exploration in the country, he said that at present it is "constrained due to lack of private sector participation".