Policy Initiatives for Growth of Mining Sector in Bangaru Telangana

Policy Initiatives for Growth of Mining Sector in Bangaru Telangana
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Highlights

As a measure to minimize illicit mining and transportation and fasten the decision making related to mining Government constituted a State Level Task Force under the chairmanship of the Secretary, Industries and Commerce Department and District Level Task Forces in each district under the chairmanship of District Collector. 

Constitution of State-level and District-level Task Force on Mining:

As a measure to minimize illicit mining and transportation and fasten the decision making related to mining Government constituted a State Level Task Force under the chairmanship of the Secretary, Industries and Commerce Department and District Level Task Forces in each district under the chairmanship of District Collector.

The State Level Task Force is empowered to take decisions related to obtaining clearances from Department of Forest and Revenue for quick disposal of mineral concession applications. Similarly, the District Level Task Force empowered to take a decision on matters relating to prevention of illegal mining/quarrying and transportation of minerals.

(ii) Exclusive Mining Zones: The Department of Mines & Geology carried out preliminary studies and identified exclusive mining zones in Rangareddy, Mahabubnagar, Nalgonda and Medak districts for declaration as mining zones for sustainable development and safe Mining.

(iii) The government introduced a One Time Settlement (OTS) Scheme for payment of a penalty of Seigniorage fee on the consumption of minor minerals in construction activity.

(iv) The government introduced the new Sand Mining Policy-2014 for the State of Telangana.

(v) with a view to boost mining sector in the wake of economic recession, Government provided certain concessions in the levy of Seigniorage fee in respect of granite useful for cutting and polishing and limestone slabs for a period of 2 years.

Outlook for Industrial Sector in Telangana

Telangana State has high potential for industrial development, to list some of them:

(i) Geographically Telangana located at the centre of the country providing an advantage to manufacture and supply goods across India.

(ii) availability of best infrastructural facilities such as world class airports, express highways, quality power and water supply etc,

(iii) Telangana has bountiful natural resources and is one of the rich states in terms of minerals,

(iv) increase in working age population due to demographic dividends and availability of vast skilled labour force at cheaper costs,

(v) presence of reputed biotechnology and pharmacy research institutions, aerospace and defense research laboratories like DRDO, DRDL, RCI, BDL, MDN, Ordnance Factory, DMRL etc. at Hyderabad,

(vi) business friendly industrial and labour policies which provide a hassle free investment environment, and

(vii) effective policy framework and committed Government machinery to see to it that investment proposals are realized.

Even while giving a boost to the traditional industrial sectors such as textile, leather, minerals, and food processing, Telangana State Government has identified a few thrust areas which could provide employment opportunities to the upcoming high-skilled labour force. These sectors include life sciences, precision engineering, food processing, automobiles, textiles and apparel, FMCG, engineering and capital goods, gems and jewellery etc. Presently Hyderabad is acting as a country’s capital city for bulk drug and vaccine production and prospective place for aero-space, computer and electronic related hardware industry.

While the entrepreneur devotes his/her energy and passion for implementing new ideas and creative solutions, it is important that they have a conducive environment to operate their business. As the future of industrial growth happens only with innovations, Telangana Government has established a T-Hub for nurturing and shaping innovations into startups. TS-iPASSis a first of its kind legislation providing self-certification to start a business in the State. These measures are also reflected in the fact that Hyderabad has been ranked as 2nd easiest city in the World Bank’s report on Ease of Doing Business in India.

G.Rajendera Kumar

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