India is said to seek steel ministry’s control

India is said to seek steel ministry’s control
20/01/2018 , by , in ALLIED

India is considering a plan to hand over control of iron ore and coking coal mining to the steel ministry to boost supplies of the key steelmaking materials as the country is poised to become the world’s second-biggest producer, according to a person with knowledge of the plan.

The proposal to shift the regulatory authority from the current mines and coal ministries is under discussion and needs approval from the prime minister’s office and the ministries, said the person, who asked not to be identified as the matter is not yet public. The integration would allow the steel ministry to make better trade policies, speed up approval of mining licenses and make it easier for foreign steelmakers to set up operations in India, the person said.

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