+
Miners Resist Government's Low-Grade Ore Duty
COAL & MINING

Miners Resist Government's Low-Grade Ore Duty

Miners in India are vehemently opposing the government's proposed imposition of an export duty on low-grade ore. This move comes amidst concerns regarding its potential impact on the mining industry and the economy at large. The mining sector, which plays a significant role in India's industrial landscape, is now facing uncertainty due to this impending policy change.

The government's plan to levy export duties on low-grade ore has sparked widespread backlash from miners across the country. They argue that such a move would adversely affect their competitiveness in the global market, leading to a decline in exports and revenue. Additionally, miners contend that this measure could result in job losses and hinder the growth of the mining sector, which is already grappling with various challenges, including regulatory hurdles and operational issues.

Moreover, miners are urging the government to reconsider its decision and explore alternative solutions to address concerns related to low-grade ore exports. They emphasise the need for a balanced approach that takes into account the interests of all stakeholders, including miners, exporters, and the economy as a whole. Many industry experts have also voiced their apprehensions about the potential consequences of imposing export duties on low-grade ore, highlighting the need for careful deliberation and consultation before implementing such measures.

Furthermore, miners are calling for greater collaboration between the government and industry stakeholders to develop effective strategies for promoting sustainable mining practices and enhancing the competitiveness of the sector. They stress the importance of fostering an environment conducive to investment and innovation in the mining industry to drive economic growth and development.

In conclusion, the debate over the proposed export duty on low-grade ore underscores the complex challenges facing the mining sector in India. As stakeholders continue to engage in discussions and negotiations with the government, the outcome of this issue will have far-reaching implications for the future of mining and industrial development in the country.

Miners in India are vehemently opposing the government's proposed imposition of an export duty on low-grade ore. This move comes amidst concerns regarding its potential impact on the mining industry and the economy at large. The mining sector, which plays a significant role in India's industrial landscape, is now facing uncertainty due to this impending policy change. The government's plan to levy export duties on low-grade ore has sparked widespread backlash from miners across the country. They argue that such a move would adversely affect their competitiveness in the global market, leading to a decline in exports and revenue. Additionally, miners contend that this measure could result in job losses and hinder the growth of the mining sector, which is already grappling with various challenges, including regulatory hurdles and operational issues. Moreover, miners are urging the government to reconsider its decision and explore alternative solutions to address concerns related to low-grade ore exports. They emphasise the need for a balanced approach that takes into account the interests of all stakeholders, including miners, exporters, and the economy as a whole. Many industry experts have also voiced their apprehensions about the potential consequences of imposing export duties on low-grade ore, highlighting the need for careful deliberation and consultation before implementing such measures. Furthermore, miners are calling for greater collaboration between the government and industry stakeholders to develop effective strategies for promoting sustainable mining practices and enhancing the competitiveness of the sector. They stress the importance of fostering an environment conducive to investment and innovation in the mining industry to drive economic growth and development. In conclusion, the debate over the proposed export duty on low-grade ore underscores the complex challenges facing the mining sector in India. As stakeholders continue to engage in discussions and negotiations with the government, the outcome of this issue will have far-reaching implications for the future of mining and industrial development in the country.

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?