Mining can contribute hugely to Jharkhand’s GDP by 2025

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While the mining sector contributed 9.1 per cent to the GDP of Jharkhand in 2009, it is expected to contribute 14.1 per cent of the State GDP in 2025.

Similarly, the employment of 3.2 lakh persons in the mining sector of the State in 2009 is also expected to increase to about 5.6 lakh persons in 2025.

The Union Minister of Mines Dinsha Patel informed Rajya Sabha MP Parimal Nathwani in Rajya Sabha today in reply to a question on the subject. The mining sector of Jharkhand includes metallic and non-metallic minerals but excluding mineral oil.

These data are indicated in a strategic plan document ‘Unlocking the Potential of the Indian Mineral Sector.’

The minister informed that the Strategy Paper expects royalty collection in Jharkhand to increase from Rs. 1800 crore in 2009 to Rs. 8800 crore in 2025.

The Strategy Paper; prepared after taking into account the vision emanating from the National Mineral Policy, 2008,identified that the Indian mining sector has the potential to contribute around Rs. 945 to Rs. 1,125 thousand crore to the GDP and create 13 to 15 million jobs through direct and indirect employment by 2025.

The Strategy Paper has identified key priorities such as enhancing resources and reserve base through exploration and international acquisition, reducing permit delays, putting in places the infrastructure, human capital, technology etc; ensuring sustainable mining and development around mines; creating information, education and communication strategy and undertaking measures to ensure implementation, the Dhindsa added.

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