Report on National Mineral Policy

Even after five years of after the liberalisation of the investment regime India has failed to attract FDI to come to the mining sector. In the last decade, many developing countries have significantly reoriented their mining laws and policies to attract global investment. In a study conducted in 2001 by the World Bank, ‘Mining Sector reforms and Investment—A Global Survey’, India was found to have one of the lowest scores on various parameters of interest to investors compared to other resource countries such as Australia, Brazil, Chile, China, and Indonesia. It is imperative that the bottlenecks in the development of the mining industry are identified and suitable steps taken to deal with them.