IIPM EDITORIAL >> The Report of the Huda Committee

These absurdities and anomalies prompted the Planning Commission to appoint the Anwarul Huda Committee to come up with renegade improvisations, subliming the abysmal performance of the mining sector. Submitted in June this year, the report of the Huda Committee indicates a path towards eventual entry for private investors into the sector, though it doesn’t yearn for an outright privatisation. The key suggestions made by the committee were related to the grant of captive mines to steel and power producers in the country. Other than that, it had also suggested that the procedure for granting licenses be made “seamless”. “We hope the recommendations are accepted and implemented,” says D. K. Sahani, President, Federation of Indian Mineral Industries. Ever since India began pursuing the path of economic reforms, China’s image in the eyes of Indians has undergone a change from that of a former adversary to a role model. Yet, despite witnessing China’s success in every major field, our policy makers still choose the beaten path instead of the winning formula. The reality is, India has no dearth of minerals to be explored and extracted.

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Source: (B&E), IIPM; Editor: Arindam Chaudhuri