:: logo::

 

: We explore the mother nature :

about usFacts & FiguresOur ClientsNews
 
Facts & Figures
Facts & Figures:: Contact Us :::: Sitemap ::


Our Rich Mineral State

Investment Policy

Investment Incentives

Opportunities in India's Mining Sector

Resources

 

 
Facts & Figures
Investment Policy

Investment Policy The Mines and Minerals (Regulation and Development) Act, 1957, and the Mines Act, 1952 constitute the basic laws governing the mining sector. Further, the Government has formulated the National Mineral Policy in 1993. Far reaching measures to promote foreign investment in the mining sector have been announced:
    For Mining
  • For exploration and mining of diamonds and precious stones FDI is allowed upto 74% under automatic route.
  • For exploration and mining of gold and silver and minerals other than diamonds and precious stones, metallurgy and processing FDI is allowed upto 100% under automatic route.

    For Coal and Lignite

  • Private Indian companies setting up or operating power projects as well as coal or lignite mines for captive consumption are allowed FDI upto 100%.
  • 100% FDI is allowed for setting up coal processing plants subject to the condition that the company shall not do coal mining and shall sell washed coal or sized coal from its coal processing plants only to those parties who are supplying raw coal to the company for washing or sizing.
  • FDI upto 74% is allowed for exploration or mining of coal or lignite for captive consumption.
In all the above cases, FDI is allowed upto 50% under the automatic route subject to the condition that such investment shall not exceed 49% of the equity of a PSU
Copyright © 2006 Bharat Mining Company.
:: Home : About Us : Our Business : Vision & Values : Sustainable Development : Facts & Figures : Our Clients : News : Contact Us : Sitemap ::