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Order of the Supreme Court of India regarding grant of permission to M/s. Essel Mining to resume mining in Odisha, 04/10/2019
Order of the Supreme Court of India in the matter of Common Cause Vs Union of India & Others dated 04/10/2019 regarding grant of permission to M/s. Essel Mining to resume mining in Odisha, since

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The mining and metals (M&M) sector is returning to growth, but companies face a transformed competitive and operating landscape. The need to improve shareholder returns will drive bold strategies to accelerate productivity, improve margins and better allocate capital to achieve long-term growth.

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The recovery of marketable grade granite is reported to be 32 to 40 per cent in Karnataka, 25 to 75 per cent in four quarries around Jalore, the main granite mining centre of Rajasthan, and 20 to 40 per cent in Tamil Nadu. Granite exports from India last fiscal were worth Rs 3,018 crore.

The Government of India has allowed 100 per cent Foreign Direct Investment (FDI) in the mining sector and exploration of metal and non-metal ores under the automatic route, which will propel growth in the sector. Power and cement industries also aiding growth in the metals and mining sector.

The Mining industry in India is a major economic activity which contributes significantly to the economy of India.The GDP contribution of the mining industry varies from 2.2% to 2.5% only but going by the GDP of the total industrial sector it contributes around 10% to 11%. Even mining done on small scale contributes 6% to the entire cost of mineral production.

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