Talk about India’s strategy for mineral development. (200 Words) [UPPSC 2023]
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India's Mineral Development Policy Policy Framework: India's mineral development policy aims to promote sustainable and efficient mineral exploration and exploitation. The policy focuses on resource management, environmental sustainability, and community welfare. The National Mineral Policy (NMP) 20Read more
India’s Mineral Development Policy
Policy Framework: India’s mineral development policy aims to promote sustainable and efficient mineral exploration and exploitation. The policy focuses on resource management, environmental sustainability, and community welfare. The National Mineral Policy (NMP) 2019 is a key document guiding these efforts, emphasizing the need for transparent and responsible mining practices.
Sustainable Development: The policy underscores the importance of sustainable mining practices to minimize environmental degradation. Initiatives like the Green Mining practices and the Sustainable Development Framework for the mining sector aim to ensure that mineral extraction does not compromise ecological balance. For example, the Ministry of Environment, Forest and Climate Change has set stringent guidelines for environmental clearances.
Investment and Technology: To boost investment and technological advancement, the policy encourages public-private partnerships and foreign direct investment (FDI). The Mining and Mineral Exploration Policy promotes the use of advanced technologies for exploration and extraction. Recent developments include the Mineral Auctioning System, which aims to bring transparency and competitiveness to mineral concessions.
Community Welfare: The policy incorporates provisions for community welfare by mandating companies to invest in local development and infrastructure under the Corporate Social Responsibility (CSR) framework. This ensures that mining activities contribute to the socio-economic development of mining-affected areas.
Recent Examples: The National Mineral Exploration Policy (NMEP) 2020 and the Uranium Corporation of India Limited (UCIL)’s ongoing projects in Jharkhand exemplify the policy’s implementation, focusing on both exploration and community impact.
Conclusion: India’s mineral development policy seeks to balance resource extraction with environmental and social responsibilities. Through strategic planning and recent reforms, it aims to enhance the sector’s growth while ensuring sustainable and equitable development.
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