Over 80 billion tons of India’s mineral reserves are yet to be tapped as the domestic mining sector has been waiting for exploitation of its full potential despite a huge resource base and geological advantages, primarily because of myriad interconnected infrastructure, social and regulatory bottlenecks, noted a recent ASSOCHAM study on India’s mining sector.

“With its substantial reserves of natural resources, India needs to embark upon sustainable best practices in mining to get best results in the sector, besides strict enforcement of mining laws is also imperative as better enforcement rather than more regulation can help remedy the ills plaguing Indian mining sector,” highlighted the study conducted by The Associated Chambers of Commerce and Industry of India (ASSOCHAM) focused on ‘Restoring Normal Operations in Mining.’ “Though the domestic mining sector holds huge growth potential in India’s economy, the sector is currently saddled with various economic, bureaucratic, environmental and capacity issues,” said Rana Kapoor, president of ASSOCHAM while releasing the chamber’s study.

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