Bhubaneswar, Nov 28 (LocalWire) The Odisha government is aiming to enhance and optimize more responsible mining in the state for restoring normal operations.
Odisha Steel and Mines Minister Prafulla Mallik said the government is inviting dialogue and participation of all the stakeholders for addressing challenges faced by the industry in the state for restoring the normal operations in mining sector in the state.
He further said Chief Minister Naveen Patnaik’s government is also focusing on increased exploration to enhance resource base which would also help in offering new blocks to the miners in the state.
While addressing the ASSOCHAM Conference on Mining in Odisha in Bhubaneswar, Mallik said Odisha is focusing more on supply of ores and mineral and promote downstream manufacturing which would ensure optimum utilization of resources and help boost industrial investment and employment in the state.
In Make in Odisha conference, the state received investment commitments of approximately Rs. 2,36,000 crore from minerals, metals and downstream companies.
The major investment commitments include Rs. 41,000 crore for the expansion plan of SAIL’s Rourkela Steel Plant and close to Rs. 38,000 crore from NALCO which will give further boost this sector.
Talking about the need to emphasize more responsible mining, the minister said that effective regulation and implementation of current laws is a pre-requisite for being able to continue mining of even most essential minerals.
He suggested that in order to optimize risk-reward equations and achieve economies of scale, mining companies should forge alliances with infrastructure players, technology and equipment suppliers and financiers in innovative ways, including the PPP model.
He further said as DMFs have been set up at the district level as per the provision of the Odisha Mineral Foundation Act, 2015 for the benefit of the mining affected people of the area, under which total DMF collections in various districts in 2015-16 was Rs 395.38 crore, in 2016-17, Rs 2109.89 crore and in 2017-18, Rs 1,670.31 crore.
Other speakers Shri V Balasubramanyam, Director (Production), NALCO Limited and Shri B P Mishra, Member, ASSOCHAM National Council on Mines and Minerals & AVP, Mines & Minerals, JSPL highlighted various issues faced by the industry in the state and areas of government intervention for bringing the normalcy of mining operation in the state.