International Journal For Multidisciplinary Research

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National Mineral Policy and Its Impact on Mining Sector in Odisha

Author(s) Sonali Sethi, Mitali Chinara
Country India
Abstract Odisha possesses abundant and diverse mineral resources, presenting significant economic potential in the mining sector. However, the sector's ability to contribute substantially to economic development is contingent upon the legal and policy framework governing it. To ensure sustainable development, it is imperative to establish a comprehensive legal and policy framework, along with appropriate acts and legislations. Despite having extensive mining legislation in place, there are several gaps that require attention through policy reforms to address deficiencies hindering the efficient and effective management of the mineral sector. The main aim of the present study is to examine the impact of mineral policy on mining sector in Odisha in terms of mineral production, revenue generation and employment creation. This study is based on secondary data, collected from various sources such as Director of Mines, Odisha; Odisha Economic Survey; Department of Steel & Mines and has been analysed in MS Excel. This research indicates that the adoption of mineral policy has contributed somewhat to the expansion of the mining sector in terms of mineral production and revenue generation. However, its effectiveness in generating employment within the mining sector appears limited, as the policy tends to prioritize capital-intensive or labor-saving mining methods. Overall, the National Mineral Policy has had a beneficial impact on the mining sector and the overall economic growth. Thus, there is a need for the government to prioritize the implementation of mineral policy.
Keywords National Mineral Policy, mining sector, Odisha
Published In Volume 6, Issue 2, March-April 2024
Published On 2024-04-05
Cite This National Mineral Policy and Its Impact on Mining Sector in Odisha - Sonali Sethi, Mitali Chinara - IJFMR Volume 6, Issue 2, March-April 2024. DOI 10.36948/ijfmr.2024.v06i02.16328
DOI https://doi.org/10.36948/ijfmr.2024.v06i02.16328
Short DOI https://doi.org/gtp8k4
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