Address green nod, land right issues upfront for successful mine auctions, says official
Only 41 mines -- out of the about 82 mineral blocks put on offer -- have gone under the hammer in last three years.
"I think we are taking time to getting used to the new regime of auction but I am aware of certain concerns because there are issues related to clearances specially the environmental clearances, forest clearances, land rights," Mines Joint Secretary Anil Kumar Nayak said here.
"So these issues are there. Unless these issues are addressed upfront we may not be able to make much progress in these auctions," he said.
He was speaking during India Minerals and Metals Forum.
"These minerals (lithium and cobalt) would be very much required for electric vehicles for which we have some very ambitious projects in coming years and our country is deficient in these strategic minerals," he said.
With an aim to source and acquire strategic minerals like lithium and cobalt abroad, he said three public sector undertakings -- Nalco, Hindustan Copper and Mineral Exploration Corporation -- have come together and formed a joint venture.
"They (the 3 PSUs) have already formed a joint venture and that has to be operationalised. The main mandate of this joint venture would be to source and acquire strategic minerals like lithium, cobalt abroad. We firmly believe that this should take off. And we would like the private sector and people in the industry to also come and collaborate," he said.
He further said that there were also issues with regard to the free trade agreements that India has entered into with certain countries.
"What I understand is that general feedback is that these free trade agreements are really not working to our advantage...We need to have a re-l0ok at our existing free trade agreements. I am sure that the government is also conscious of the fact that there is a need to provide a level-playing field to our domestic industry," he said.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)