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New Delhi , June 12

THE Government should focus on the mining sector with long-term solutions, said a paper brought out by Assocham.

It should evolve measures to infuse fresh investments for the exploration of iron ore and coking coal reserves in the country. Assocham has also suggested a review of the existing National Policy on Mining to put in place a fresh policy framework for meeting the demand of 200 mt of iron ore projected for 2020, against the current production of 120 mt.

Releasing the study here, the Assocham President, Mr Mahendra K. Sanghi, suggested that incentives be provided to make iron ore available in the country to meet domestic demand. Some of the suggested incentives include tax holidays, easier norms for commercial borrowings and concessional rates to carry the iron ore produced to various destinations.

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