Govt to set up mining technical centre
Updated: May 26, 2014 04:40:00pm
New Delhi, May 26 (KNN) The government will be setting up an autonomous centre in the national capital to provide techno-economic advice to the Ministry of Mines on issues relating to the mines and the mineral sector.
The mining sector has been witnessing one of the worst times during the last year showing significant degrowth. While the index of industrial production for mining stood at 145.8 compared to 146.4 in the corresponding month of the previous year; the cumulative figures in the same sector for April-March 2013-14 were 124.5 compared to 125.5 during the previous year (2012-13), official data said.
As a result, the entire industrial value chain relating to manufacturing of steel, coal, energy has been affected.
The new Centre for techno-economic advice will be a registered society, independent of the government and within the arm’s length principle, for rendering techno-economic advice to address various issues concerning the minerals and mining sectors.
The proposed Centre will function as a “think tank” of domain experts from the core sectors and would undertake technical studies for strategic planning and for evolving innovative policy options for the consideration of the government and stakeholders, with the objective of sustainable development of the Indian mineral and mining sectors, a notice from the Ministry of Mines said.
In this context, the Ministry is planning to appoint a consulting firm to prepare a detailed project report with clearly defined scope, aim and objectives, vision and mission statement, work plan, road map for future growth, budgeting, outcomes and justification. (KNN/ES)
The mining sector has been witnessing one of the worst times during the last year showing significant degrowth. While the index of industrial production for mining stood at 145.8 compared to 146.4 in the corresponding month of the previous year; the cumulative figures in the same sector for April-March 2013-14 were 124.5 compared to 125.5 during the previous year (2012-13), official data said.
As a result, the entire industrial value chain relating to manufacturing of steel, coal, energy has been affected.
The new Centre for techno-economic advice will be a registered society, independent of the government and within the arm’s length principle, for rendering techno-economic advice to address various issues concerning the minerals and mining sectors.
The proposed Centre will function as a “think tank” of domain experts from the core sectors and would undertake technical studies for strategic planning and for evolving innovative policy options for the consideration of the government and stakeholders, with the objective of sustainable development of the Indian mineral and mining sectors, a notice from the Ministry of Mines said.
In this context, the Ministry is planning to appoint a consulting firm to prepare a detailed project report with clearly defined scope, aim and objectives, vision and mission statement, work plan, road map for future growth, budgeting, outcomes and justification. (KNN/ES)
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