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FDI Policy for Mining Sector

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..... FDI Policy for Mining Sector - News and Press Release Dated:- 4-12-2012 - News - Press Information Bureau Government of India Ministry of Mines 04-December-2012 17:01 IST FDI up to 1 .....

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..... 00% is permitted under the automatic route in Mining and Exploration of metal and non-metal ores including diamond, gold, silver and precious ores etc. subject to the Mines and Minerals (Development .....

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..... Regulations) Act, 1957, as per Consolidated Foreign Direct Investment Policy Circular 1 of 2012 dated 10th April, 2012 issued by the Department of Industrial Policy and Promotion, Ministry of Commerc .....

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..... e and Industry, Government of India. Restrictions are stipulated for Titanium Ores. Further, FDI is not allowed in prescribed substances as notified by Department of Atomic Energy. As per the Govern .....

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..... ment statistics maintained by the Department of Industrial Policy and Promotion, the magnitude of the Foreign Direct Investment (FDI) into the mining sectors since April, 2000 to March 2012 is Rs.4054 .....

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..... .63 crore (US$ 940.40 million). FDI inflow leads to induction of (i) mining technology, (ii) Automation in mining, and (iii) productivity increases. This information was given by the Ministe .....

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..... r of Mines, Shri Dinsha Patel in a written reply to a question in Rajya Sabha tabled today. **** RTS/HSN - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagemen .....

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..... t - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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