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Draft mining policy to help in faster clearances

India's new draft mining policy is ready to ensure that the local communities are also benefited from the activity.

Mr G Srinivas joint secretary in the union mines ministry said that the new policy would also help in getting faster clearances for mining.

Addressing the sixth International Conference on Aluminium, he underlined the need for making available bauxite and coal blocks for aluminium projects to boost the production.

Mr Srinivas called upon states to take advantage of the draft policy and speed up the clearances for the mining.

Voicing his concern over several projects that have remained stuck for environmental clearances; he said this may hamper achieving the expected aluminium production level of 4.7 million tonnes per year in the 12th Five Year Plan.

Mr Srinivas noted that no new Greenfield project has come up in the 11th Plan. He added that “All the existing players are not able to start new plants. They are stuck up with environmental clearances or licenses.”