India government-owned and -operated mineral companies were stepping up exploration projects across the country as the government hoped it would help catalyse more private sector investment.
“The Indian government has put in place an efficient framework to attract private, domestic and foreign investment into mineral exploration in the country. But private investments in long gestation projects typical comes in with a lag and, therefore, various government-owned entities are being prodded to take a lead,” an official in Ministry of Mines said.
