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State expects 46,000 cr investments in mining

  • Created On:  24 Dec 2015 7:08 AM IST
State expects 46,000 cr investments in mining
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The State government is working on plans to promote processing and value addition of minerals produced by various companies in the State. Industries Secretary M Girija Shankar during an interaction with the representatives of the mineral companies from the State here on Wednesday, said that the government was studying the Odisha model where processing and value addition of raw products from the minerals is also carried out in the State. He said that focus is on producing value addition on the separation of minerals in granite and beach sand industry.

The State government is working on plans to promote processing and value addition of minerals produced by various companies in the State. Industries Secretary M Girija Shankar during an interaction with the representatives of the mineral companies from the State here on Wednesday, said that the government was studying the Odisha model where processing and value addition of raw products from the minerals is also carried out in the State. He said that focus is on producing value addition on the separation of minerals in granite and beach sand industry.

He further said that they have found minerals in Somavaram village of Krishna district and Chintalapudi of West Godavari district. The drilling operations have already been started in Krishna district, he said and asserted that the coal production would start at Somavaram by 2018.
The State government is anticipating investments of nearly Rs 46,000 crore in the mining sector by 2022, he said.
The government is committed to promote mining related industries in the State on a par with other sectors, Secretary, Mines Department, he added. Girjia Shankar said this while inaugurating 'Investidea', a networking conclave with domestic mineral based industries here. The new industrial policy of the State will also be applicable in the mining sector that will enable mine operators to set up new units in Andhra Pradesh, he said.
Under the Industrial policy, all clearances, including forest and environment, will be given within 21 days to set up new industries through a single desk system and the process of every application by industrialist is being monitored by a special cell in the Chief Minister's office, Shankar informed.
He also clarified that incentives like VAT exemption, reimbursement of land registration and lower power tariff would also be applicable on mining related industries. The government also proposes to appeal to the mining operators to process at least 50 per cent of their total production from the State

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Vijayawada Mining Investidea Drilling Operations
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