Union Minister of Mines Pralhad Joshi has urged the officials of his Ministry to bring about further momentum in restructuring the National Mineral Exploration Trust (NMET) as an autonomous body. National Mineral Exploration Trust is a body working to realize the mineral potential of the country in terms of mining activity and contribute commensurately to the growth of national economy.
The Minister was addressing the Third Governing Body Meeting of the Trust in New Delhi today. He pointed out that in a resource rich country like India all efforts should be made to give further fillip to mineral exploration so that imports can be curtailed. Mr. Joshi said that stringent conditions, if any, in the field of mineral exploration needs to be removed in order to attract more firms to this sector.
Chairing the Governing Body Meeting, the Minister stressed upon the need to focus on exploration of gold and rare earths along with other segments of India’s mineral exploration efforts. He also underscored the need to streamline the system of extending financial assistance to states, especially the mineral rich states for enhanced exploration. He said, creation of an atmosphere of competition among states to step up exploration is also needed.