News and Events

Daily Pioneer reported that Odisha’s revenue minister Mr Surjya Narayan Patro pointed out that with the present rate of mining the state’s known iron ore reserves would last only 30 years and it is imperative now to get investment in modern mining and beneficiation methods for iron ore.

 

 Mr Patro speaking at a “Roundtable on Metals & Minerals” organised by the state unit of the Confederation of Indian Industry added that with this constraint in mind the state government has framed policies to attract investment in the required areas.

 

 Industries minister Mr Niranjan Pujari said the government has planned to adopt the global best practices in mineral exploration and mining to conserve and use the resources optimally. He said that in a decade’s time Odisha would emerge as a steel hub of the country with commissioning 90 million tonnes per annum production capacities, a hub for Aluminum by adding 4 million tonnes per annum capacity and power hub by generating 1900 MW of thermal energy.

 

 Steel & mines minister Mr Rajani Kant Singh stressed that sustained growth of the Indian economy has resulted in robust demand for metals and the global scenario for the metals and minerals sector has also been upbeat in recent times.

 

 The objective of the roundtable was to discuss sustainable investment climate in mining, reviving economic growth through investment-friendly policies and regulatory framework, value addition of minerals and the use of productivity enhancing techniques.