International Opportunity for Turkish Mining Companies: India's New Emphasis on Private Development in the Mining Sector
Posted in Infrastructure, mining and commodities
India’s government has made mining law reform a key part of its domestic agenda to grow India’s economy to US$5 trillion by the 2024-25 budget year. Although experts believe that there are substantial domestic reserves, India currently imports large amounts of natural resources such as coal and gold and the mining sector contributes less than 3% of national GDP. In late March, steps were taken to revise the current mining law to encourage private investment and promote growth in the sector.
Click here to read the full text of Norton Rose Fulbright’s Project Finance NewsWire review and assessment of new legislation.