Mines Ministry to organise one-day workshop on State Mining Index

Ministry of Mines, in collaboration with IIT-ISM, Dhanbad will organise a one-day workshop tomorrow i.e., on May 8
Mines Ministry to organise one-day workshop on State Mining Index
Mines Ministry to organise one-day workshop on State Mining Index
Published on

New Delhi: The Ministry of Mines, in collaboration with the Indian Institute of Technology – Indian School of Mines (IIT-ISM), Dhanbad will organise a one-day workshop tomorrow i.e., on May 8, in Delhi to discuss the draft framework of the State Mining Index, envisaged to capture mining sector performance of states. The Ministry of Mines Secretary VL Kantha Rao, will chair the workshop, to be participated by the senior officials from states.

PSU Watch is now on Whatsapp Channels. Click here to join

The mining sector is at the forefront of numerous value chains, supplying raw materials to key industrial domains such as steel, non-ferrous metals, cement, fertilizers, chemicals, and electronics. The States have a crucial role to play in the development of the country’s mining sector. For a mining sector vision that prioritizes resource use efficiency with equity, sustainability and responsibility, focussed attention is required on the exploration of India’s geography; taking actions for facilitating future mineral production and working for the interest and benefit of persons and areas affected by mining-related operations. In such a national effort, a State’s relative contribution is important and needs to be reflected.

Mines Ministry to organise one-day workshop on State Mining Index
Mining sector registers record production in FY 2023-24

As such, a State Mining Index has been envisaged to capture the mining sector performance as well as States’ future readiness in mining activity. The ambit of the index will be non-fuel major minerals and minor minerals. Ministry of Mines has commissioned IIT-ISM, Dhanbad to conduct a study for designing the framework, collecting data and formulating the index.

To make the process transparent and objective, states are being consulted at every stage of index development. The one-day workshop in Delhi is a part of this endeavour. Feedback from States at the workshop will help in finalizing the framework.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

logo
PSU Watch
psuwatch.com