(a) whether the Government has formulated any policy to grant hundred per cent Foreign
Direct Investment (FDI) in mining sector;
(b) if so, the details thereof;
(c) the actual investment made in mining sector during the last three years and the
current year, year-wise and State-wise;
(d) whether the Government has fixed any targets during the said period;
(e) if so, the details thereof, State-wise; and
(f) the achievements made during the said period?
THE MINISTER OF STATE (INDEPENDENT CHARGE) FOR MINES(SHRI DINSHA PATEL)
(a) & (b): The National Mineral policy, 1993 for non-fuel and non-atomic minerals, has
thrown open the mining sector for private investment including foreign direct investment (FDI). The above policy envisages, inter-alia, foreign technology and foreign participation
in exploration and mining of high value and scarce minerals. FDI upto 100% is allowed in
exploration, mining, mineral processing and metallurgy under the automatic route for all
non-fuel and non-atomic minerals including diamonds and precious stones.
(c): FDI equity inflow in the mining sector from April, 2007 to December, 2010
are given in Annexure.
(d): No, Madam.
(e) & (f): Does not arise.