Indian Mining Ind. To Touch $30 Bln. By 2012

June 4, 2008

June 4th (RTTNews) – Indian Mining industry would touch the $30 billion mark in 4 years and would account for 2.5% of GDP, said a report by financial services firm Edelweiss.

The country ranks among the global top 10 for deposits in iron ore, coal, bauxite contributing 3%, 10% and 4% respectively of the world’s resources.

The report said that with strong potential for further development and scaling up the country could achieve the target if it develops a conducive regulatory framework and attracts significant investment in exploration, mine development and infrastructure.

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