From mint · Livemint · · 1m 30s
Centre reviews National Mineral Policy 2019
India's government to update mineral policy for critical minerals and recycling.
In brief
India's government to update mineral policy for critical minerals and recycling. India's government will review the 2019 National Mineral Policy to address critical minerals, recycling, and deep-sea resources. Originally reported by mint.
Government to review 2019 mineral policy
The Ministry of Mines has decided to form a nine-member committee to examine the existing National Mineral Policy 2019.
Committee focuses on critical minerals
The committee will assess the policy for changes needed in critical minerals, recycling, and deep-sea resources.
Committee chair and timeline
The committee will be chaired by the Additional Secretary in the Ministry of Mines and submit recommendations within two months.
Policy background
The National Mineral Policy 2019 was approved by the Union Cabinet chaired by Prime Minister Narendra Modi to improve mining regulation and sustainable development.
Why review policy
The review addresses recent developments and changing needs in the mining sector since the policy was formulated in 2019.
Industry expert opinion
B K Bhatia, former Director General of FIMI, said the revision is imperative due to changes in the mineral sector and strategic importance of critical minerals.
Industry leader perspective
Pankaj Satija, Co-Chair of FICCI Mining Committee, noted the policy needs updating to align with global changes and India's initiatives.
Policy goals
The revised policy aims to unlock India's mineral potential, attract investment, strengthen mineral security, and boost economic contribution.
The takeaway
India's government will review the 2019 National Mineral Policy to address critical minerals, recycling, and deep-sea resources.
