More than 193 reconnaissance permits covering an area of about 2.7 million sqkm were granted so far in various parts of the country, she said. Ms Pande was addressing an investors meet and conference onharnessing mineral potential for industrial development in the North eastern region on Friday. She said India produced 67 major, 23 minor and a host of atomic minerals and the total value of the countrys mineral production during 2004-05 was more than Rs 75,000 crore or usd 17,200 million which accounted for 2.6% of GDP.
With the North East having proven deposits of important minerals such as coal, hydrocarbons, limestone, dolomite, dimensional stones and graphite, she said the ministry had constituted a task force which evolved an action plan for identifying possibilities and thrust areas to facilitate systematic exploration and exploitation of mineral resources in the region.
The ministry, Ms Pande said, was in the process of formulating operational mechanism for funding of various project proposals received from the North eastern states in consulation with the finance ministry and planning commission to provide direct assistance to those governments. Although the North East had proven deposits of minerals but its difficult topography would make exploration a challenging task particularly when communication was not fully developed and movement of men and equipment were expensive and an arduous task, Ms Pande said.
India produces 67 major, 23 minor and a host of atomic minerals