Clearing of Mines and Minerals Bill to foster industrial growth: PHD Chamber

Clearing of Mines and Minerals Bill to foster industrial growth: PHD Chamber

Clearing of Mines and Minerals Bill to foster industrial growth: PHD Chamber

 

No.PR-219
March 20, 2015
New Delhi
 

Clearing of Mines and Minerals Bill to foster industrial growth: PHD Chamber
 

The passing of the Mines and Minerals Bill in the Rajya Sabha will provide transparency in the system which will foster industrial growth and development in the country in the coming times, said Mr. Alok B. Shriram, President, PHD Chamber in a press statement issued here today.
 

The bill will facilitate auctions of mines that supply minerals like iron ore and bauxite which will bring down the costs of raw materials and boost business sentiments, said Mr. Shriram.
 

We believe that the auctions will reduce the risk of wrongdoing which will put mining industry back on track, added Mr. Shriram.
 

Going ahead, we expect the Lok Sabha to pass the Bill for speedy allocation of the mines that would bolster industrial growth, going forward, said Mr. Alok B Shriram.
 

ENDS

Koteshwar Prasad Dobhal
Consultant (PR)