FIMI requests reforms, says potential for job creation in the mining sector
COAL & MINING

FIMI requests reforms, says potential for job creation in the mining sector

The Federation of Indian Mineral Industries (FIMI) has reached out to Prime Minister Narendra Modi to seek intervention in order to bring about reforms that will increase and expedite growth in the mining sector. This could potentially create job opportunities for around 50 million individuals.

The apex mineral body has stressed on the fact that the industry is facing a high number of job losses and is in an immediate need for some improvement.

As reported, FIMI in a letter to the Prime Minister stated that the mining sector had the capability to provide employment opportunities directly to around 5 million. There was also mention of the sector’s past employment record which has been the third-largest job-generating area in the country. The letter also asserted that growth in the mining sector has benefitted job creation in states that have a lower per capita income than the national average like Jharkhand, Rajasthan, Odisha, Chhattisgarh and Madhya Pradesh. 

Keeping with India’s goal of becoming a USD 5 trillion economy and increasing GDP growth to 8 per cent, reforms to improve the condition of the sector will be required as it is a significant contributor. Currently, however, the contribution of the mining sector to the GDP is reducing.

The Federation of Indian Mineral Industries (FIMI) has reached out to Prime Minister Narendra Modi to seek intervention in order to bring about reforms that will increase and expedite growth in the mining sector. This could potentially create job opportunities for around 50 million individuals.The apex mineral body has stressed on the fact that the industry is facing a high number of job losses and is in an immediate need for some improvement.As reported, FIMI in a letter to the Prime Minister stated that the mining sector had the capability to provide employment opportunities directly to around 5 million. There was also mention of the sector’s past employment record which has been the third-largest job-generating area in the country. The letter also asserted that growth in the mining sector has benefitted job creation in states that have a lower per capita income than the national average like Jharkhand, Rajasthan, Odisha, Chhattisgarh and Madhya Pradesh. Keeping with India’s goal of becoming a USD 5 trillion economy and increasing GDP growth to 8 per cent, reforms to improve the condition of the sector will be required as it is a significant contributor. Currently, however, the contribution of the mining sector to the GDP is reducing.

Next Story
Infrastructure Transport

Tunnelling Begins for Thane, Borivali twin tunnel project

Tunnelling work has commenced for the 11.84-km Thane–Borivali Twin Tunnel, set to be India’s longest urban road tunnel, marking a key milestone in Mumbai’s infrastructure development.As per a post shared by Mumbai Metropolitan Region Development Authority on social media platform X, the tunnel boring machine (TBM) ‘Nayak’—the country’s largest single-shield hard rock TBM for an urban tunnel—was launched by Devendra Fadnavis on Tuesday. The event was attended by Eknath Shinde and Sunetra Pawar, among other dignitaries. A second TBM, ‘Arjuna’, is expected to be launched so..

Next Story
Infrastructure Transport

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..

Next Story
Infrastructure Energy

Government Cancels Auction Of Eleven Critical Mineral Blocks

The government has cancelled the auction of 11 critical and strategic mineral blocks after receiving a poor investor response and failing to attract a sufficient number of qualified bidders. The decision represents a setback to plans to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions and rising demand for materials used in clean energy and advanced technologies. The mines ministry issued an annulment notice setting out the reasons for the cancellations. The annulment notice indicated that the auction process for five mineral blocks was canc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement