Indian mining reform—a second perspective

Abstract

Reforms of the Indian mining sector go back as far as 1991. The present round of reforms, however, fails to address the most important part of the mining sector: coal mining. A big reform has to be introduced to allow the coexistence of both public and private sectors in commercial exploitation of coal resources for the energy needs of the country. It is important to at least attempt to quantify the tangible financial benefits of the present reform accruing to the mining industry directly or indirectly. These aspects cannot be bye-passed as they strengthen the arguments for a true overhaul of the entire legal system governing the mining sector. In order for the mining sector to realize its full potential, more steps than those in the reform need to be undertaken to create a conducive environment for the industry to flourish.