New Policy Likely to be Unfolded by the Indian Ministry of Mines is Set to Attract...

New Policy Likely to be Unfolded by the Indian Ministry of Mines is Set to Attract a Foreign Direct Investment (FDI) of INR5 Trillion Within 5 to 6 Years

DUBLIN, Ireland--(Business Wire)--
Research and Markets
(http://www.researchandmarkets.com/reports/c86781) has announced the
addition of Indian Mining & Exploration 2008 to their offering.

The Indian mining sector's contribution to the country's GDP is
expected to rise to almost 5% in five years from its current share of
2.8% of the GDP. It is estimated that there are more than 590 fuel
mineral mines working in India of which coal mines dominates the
sector with more than 80% share and the balance 20% is in various
metals and other raw materials such as gold, copper, iron, lead,
bauxite, zinc and uranium.. Of the 89 minerals produced in India, 4
are fuel minerals, 11 metallic, 52 non-metallic and 22 minor minerals.

The mineral production (excluding atomic minerals) during 2006-07
in value terms is estimated at INR878.66 billion compared to INR839.38
billion in 2005-06, registering growth of 4.68% during 2005-2007.
Foreign Direct Investment (FDI) is steadily flowing into the sector on
par with the stepped up FDI inflow in other developing regions such as
Brazil and South Africa. The FDI in Indian mining sector was
INR16,629.41m in 2007 as against INR146.19m in 2006, registering a
growth of 1,041% respectively.

New mining policy likely to be unfolded soon by the ministry of
mines is set to attract a foreign direct investment (FDI) of INR5
trillion within five to six years of introduction. Industry Insight -
Mining & Exploration is prepared keeping in mind the backdrop of the
mining industry's future prospect. The report gives a broad overview
of the mining and exploration in India with a brief reference to
global mining activities, various segments of the minerals and its
reserve, status of select mineral rich states in mining.

Mining & Exploration report provides introduction towards minerals
in India and also provides status in selected states in India. Mining
& Exploration report profiles 13 major players in mining and
exploration (two oil exploration companies are covered).It also
provides information about the regulations in the mining & minerals
industry along with information on other countries involved in mining.
At the end the report on mining & Exploration provides future outlook
of the Industry.

Companies Mentioned:

Reliance Industries Limited

Oil and Natural Gas Corporation Limited

National Aluminium Company Limited

Coal India Limited

Singareni Collieries Company Limited

Tata Steel

Hindalco Industries

Steel Authority of India Limited

Mineral Exploration Corporation Limited

Hindustan Copper Limited (HCL)

Hindustan Zinc Limited

Neyveli Lignite Corporation Limited

National Mineral Development Corporation Limited

For more information visit
here

Research and Markets
Laura Wood
Senior Manager
Fax: +353 1 4100 980
press@researchandmarkets.com

Copyright Business Wire 2008