Union Minister of Steel & Petroleum and Natural Gas, Dharmendra Pradhan today said that Mining is one of the key sectors where a large number of policy reforms have been undertaken in the last 6 years, bringing about a paradigm shift. Speaking at the National Mining Summit organized by PHDCCI here today, he called for greater value addition to drive self-reliance.
The Minister said that the hon’ble Supreme court had decided that ownership of the natural resources of the country lies with the people of the country and called for a new procedure for exploitation of natural resources. Following this, the Government moved in this direction, and the change from nomination to bidding process for resource allocation was started. The States, where these resources lay, have become the major beneficiaries in the revenue thus generated.