Our Mail to Prime Minister of India and other Govt., departments to withdraw the notification issued by Ministry of Mines vide GSR 126(E) DT. 19.02.2019 and GSR 134(E) DT. 20.02.1019 are against National Mineral Policy is given below for our members knowledge.
Date : 30.06.2021
The Honourable Prime Minister of India,
Most Honourable Modi ji,
Sub : Request to withdraw the notification issued by Ministry of Mines vide GSR 126(E) DT. 19.02.2019 and GSR 134(E) DT. 20.02.1019 against National Mineral Policy.
National Mineral Policy, 2019, insists that the regulatory environment is conducive, to ease of doing business with simpler, transparent and time-bound procedures, for obtaining clearances. Since mining contributes significantly to state revenues, there is a need for an efficient regulatory mechanism with high penetration of e-governance systems. Mining contributes significantly to employment generation, thus, there shall be a keen focus on gender sensitivity in the mining sector at all levels. But Ministry of Mines Notification GSR 126(E) DT. 19.02.2019 and GSR 134(E) DT. 20.02.1019 are completely against the National Mineral Policy, 2019, notified by the MoM, Government of India.
Due to the above said notification, Foreign Investors will loose their faith over our nation for investment, as these Notifications amounts to termination of existing Mining Leases also. So, they feel insecurity to invest in India.
Even Indian Investors also afraid to invest in mining sector due to the above said notification. This notification is the main reason for unsuccessfulness of the auction scheme in mining sector.
Hence the Honourable Prime Minister may director Ministry of Mines to immediately withdraw the said notification. So that foreign as well as Indian investors will have faith over our nation as well as government will pave the way to attract huge investment and revenue to government.
Beach Mineral Producers Association