Monday, July 20, 2009

Indian Steel Ministry Wants Quicker Iron Ore Licence Allocations

Lamenting that undue delays in allotting captive iron ore mines to steel companies were dissuading them from going full throttle on capacity expansion, the Steel Ministry has asked the Mines Ministry to adequately equip the empowered committee to accord prior approval for mineral concessions on behalf of the Central government.


In a letter, the Steel Ministry told the Mines Ministry that it is highly imperative that iron ore linkage in the form of captive mines be made available to the steel plants while reminding that “a number of projects in the steel sector are getting delayed due to non-allotment of mines to them either due to dilatory tendencies of the state governments or due to other reasons.” It argued that the Coordination-cum-Empowered Committee, set up by the mines ministry to act as a single window clearance system to monitor and minimise delays in the grant of various approvals for mineral concessions, “has not been adequately empowered to accord prior approval on behalf of the Centre for doing so.”

Source: Indian Express

1 comment:

Pankaj Varma said...

Interesting news.
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Pl email me: pankajvarma.os@gmail.com
or call my cell: +91 9810000163
India
Regards,
Pankaj