Government to simplify mining laws to boost investment

Business Standard, 19 August 2009 :

India aims to cut permit delays and attract overseas capital through “simpler” resource investment laws to help double mining’s contribution to the nation’s $1.2 trillion economy to at least 4 percent.

“We hope to increase it to 5 percent but expect it to increase to at least 4 percent in five years,” Mines Minister B K Handique said. The legislation will be presented to parliament in the winter session this year, he said.

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