Business Line, 23 January 2007 :

The mining industry, in the pre-Budget presentation to the Finance Ministry, has sought easy grant of mining licences and their transferability at a premium.

While 100 per cent foreign direct investment is allowed in mining. a complex licence regime has discouraged investment.

“Our representations are based on those made by the Honda committee.” said Mr R K. Sharma, General Secretary of the Federation of Indian Mineral Industry.

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