Tax incentives needed in mining

Details: Category: Overview

A study conducted by Export Import Bank of India has suggested that some of tax incentives is needed to influx drive into the sector. A suitable incentive framework will help mining companies to raise the required capital easily. A comprehensive mineral exploration policy is needed to sustain the growth. Though mining sector has shown robust growth, mostly it was from the iron ore sector. At present, around 55% of mineral ore exported are iron ores.