India’s largest iron ore miner NMDC is banking on government-to-government understanding for exploring greenfield mining projects in Kazakhstan, when Prime Minister Narendra Modi visits that country next month.
During the two-day visit starting July 8, leaders of both countries will discuss the issue of exploration for iron ore, potash and coal to meet the growing needs in India and an agreement is expected to be inked.
Ahead of the visit, the ministry of steels and mines has planned a Working Group that would study the partnership in details and would help in forming an MoU between the two countries.
The decision was taken earlier this week when a Kazakh delegation of the ministry of energy deliberated on ways for mutual collaboration with India in the mining sector. The Indian side reportedly conveyed its desire to be proactive in facilitating collaboration between governments and industries to foster mutual growth and industrial development. The Indian side was represented by secretary (mines) Anup K Pujari, additional secretary (mines) AS Sridharan, CMD, NMDC, N Kothari, senior officers from the steel ministry and representatives from steel and mines PSUs.
India is keen on harnessing the central Asian country’s mineral resources by encouraging the Indian companies to get into exploration and to get the minerals back here.
In fact, ahead of the visit of Modi to that country, two ministerial delegations from Kazakhstan are in New Delhi to firm up the agenda for that bilateral trip. Interacting with the media here, a senior representative of one of Kazakhstan’s key investment-related institutions, said Kazakhstan’s investment and development minister Asset Issekeshev is in New Delhi for delegation-level talks with key ministries and officials of the Indian government on bilateral investment opportunities.