Abstract
India having a high potentiality of mineral resources has been changing its economic structure from a state governing system to a liberalized one since 1991 after Mr. Lao was elected as a Prime Minister. Since then, all the policies have been focused on luring foreign investment through providing lots of tax incentives and favorable investment environment. Mining industry which accounts about 3.5% of the GDP is also opened to foreign investors as well as private sector after amendment of the Mines and Minerals (Regulation and Development) Act in March, 1994. The Indian Government`s Ministry of Mines regulates and promotes mining sector, other than coal, oil and natural gas and atomic minerals. Traditionally as the government is organized to manage industries from upstream to downstream, coal is controlled by the Ministry of Coal and Oil and Natural gas is under the Ministry of Oil and Natural gas. Environmental controls for the mining sector are regulated by the Environment (Protection) Act, 1986, the Forest conservation Act, 1980, the MMRD Act and rules made under it. In Oil and Natural Gas sector, the Central Government is empowered by the Oilfield (Regulation and Development) Act, 1948 to grant mining rights for the exploration and
More>>
Lee, Kyeong Han
[1]
- Korea Institute of Geology Mining and Materials, Taejon (Korea, Republic of)
Citation Formats
Lee, Kyeong Han.
A legal study on mining investment in India.
Korea, Republic of: N. p.,
1997.
Web.
Lee, Kyeong Han.
A legal study on mining investment in India.
Korea, Republic of.
Lee, Kyeong Han.
1997.
"A legal study on mining investment in India."
Korea, Republic of.
@misc{etde_293388,
title = {A legal study on mining investment in India}
author = {Lee, Kyeong Han}
abstractNote = {India having a high potentiality of mineral resources has been changing its economic structure from a state governing system to a liberalized one since 1991 after Mr. Lao was elected as a Prime Minister. Since then, all the policies have been focused on luring foreign investment through providing lots of tax incentives and favorable investment environment. Mining industry which accounts about 3.5% of the GDP is also opened to foreign investors as well as private sector after amendment of the Mines and Minerals (Regulation and Development) Act in March, 1994. The Indian Government`s Ministry of Mines regulates and promotes mining sector, other than coal, oil and natural gas and atomic minerals. Traditionally as the government is organized to manage industries from upstream to downstream, coal is controlled by the Ministry of Coal and Oil and Natural gas is under the Ministry of Oil and Natural gas. Environmental controls for the mining sector are regulated by the Environment (Protection) Act, 1986, the Forest conservation Act, 1980, the MMRD Act and rules made under it. In Oil and Natural Gas sector, the Central Government is empowered by the Oilfield (Regulation and Development) Act, 1948 to grant mining rights for the exploration and production of mineral oil and natural gas. In 1993, the Coal Mines Nationalization Act, 1973 was amended to permit power and cement plants to mine coal for captive consumption. Recently the government has announced the Integrated Coal Policy (ICP), which envisages allotment of coal mining blocks to any company registered under the Indian Company Law. Social infrastructures are not sufficient to match expected increasing demand. Expansion of transportation facilities and Power capacity are urgent matters to support its economy. Considering the investment environment and resources potentiality, India is one of the attractive country to invest. However, as the policies and other relevant legislative frameworks are revised so fast in reforming state, it is essential to consult with a local lawyer when one considers to invest in India. (author). 11 refs., 41 tabs., 5 figs.}
place = {Korea, Republic of}
year = {1997}
month = {Dec}
}
title = {A legal study on mining investment in India}
author = {Lee, Kyeong Han}
abstractNote = {India having a high potentiality of mineral resources has been changing its economic structure from a state governing system to a liberalized one since 1991 after Mr. Lao was elected as a Prime Minister. Since then, all the policies have been focused on luring foreign investment through providing lots of tax incentives and favorable investment environment. Mining industry which accounts about 3.5% of the GDP is also opened to foreign investors as well as private sector after amendment of the Mines and Minerals (Regulation and Development) Act in March, 1994. The Indian Government`s Ministry of Mines regulates and promotes mining sector, other than coal, oil and natural gas and atomic minerals. Traditionally as the government is organized to manage industries from upstream to downstream, coal is controlled by the Ministry of Coal and Oil and Natural gas is under the Ministry of Oil and Natural gas. Environmental controls for the mining sector are regulated by the Environment (Protection) Act, 1986, the Forest conservation Act, 1980, the MMRD Act and rules made under it. In Oil and Natural Gas sector, the Central Government is empowered by the Oilfield (Regulation and Development) Act, 1948 to grant mining rights for the exploration and production of mineral oil and natural gas. In 1993, the Coal Mines Nationalization Act, 1973 was amended to permit power and cement plants to mine coal for captive consumption. Recently the government has announced the Integrated Coal Policy (ICP), which envisages allotment of coal mining blocks to any company registered under the Indian Company Law. Social infrastructures are not sufficient to match expected increasing demand. Expansion of transportation facilities and Power capacity are urgent matters to support its economy. Considering the investment environment and resources potentiality, India is one of the attractive country to invest. However, as the policies and other relevant legislative frameworks are revised so fast in reforming state, it is essential to consult with a local lawyer when one considers to invest in India. (author). 11 refs., 41 tabs., 5 figs.}
place = {Korea, Republic of}
year = {1997}
month = {Dec}
}