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INVESTMENT
OPPORTUNITIES
In accordance to
the globalization policy, the mineral sector has been
opened up for private and foreign investment (under
FDI).
Chhattisgarh State
has immense potential for prospecting exploration and
exploitation of minerals for industrial use and
export. Deposits of diamond & gemstones, iron ore, coal,
limestone, dolomite, gold, tin ore (Cassiterite),
bauxite, poly-metallic ores, dimension stones, etc, of
Chhattisgarh are well known the world over. Good
investment potentials exist both in mineral exploration
as well mineral based industries.
(A) Mineral exploration:
1. High Value
Minerals -
There is huge
potential for the search of high value and scarce
minerals, associated with the mantle originated basic
and ultramafic intrusive rocks. Indications of finding
the acidic melt associated mineral deposits of moderate
to shallow depths are also well known. To explore such
mineral potential, a investments with technical know how
and state-of-the-art technology has become inevitable.
Potential areas for exploration of diamond, gold and
poly-metallic minerals have been identified and being
worked by major multinationals, which may facilitate
unveiling of other important mineral locations in the
State. Reconnaissance permit, prospecting licenses can
be obtained to explore the potential, followed by mining
leases for exploitation.
2. Bulk Minerals -
Directorate of
geology & Mining has identified number of deposits of
bulk minerals like iron ore, limestone, dolomite, coal
etc with high industrial specification. many of them
are under exploitation and rest are under process of
leasing.
Since
Indian bureau of mines has recommended to lower down the
cutoff grade for these minerals, the scenario of the
state changes entirely. Now the avenues are open to look
for even lower grade minerals, which were earlier
considered as waste Chhattisgarh has vast resources of
low grade deposits of iron ore, limestone, bauxite etc.
Which may prone to be good deposits for future use.
(B) Mining:
Good Investment
potentials exist in the field of mineral exploitation
especially for bauxite, Coal, tin, ore etc.
Bauxite
in the state is reserved for Gout Company CMDC has been
accorded Pl/ML in number of areas JV can be formed with
CMDC for bauxite exploitation Govt. of India allocated
coal blocks to various PSUs and to private parties CMDC
has been allotted with 5 coal blocks these blocks cab be
exploitated under JV.
Cassiterite mining in CG is reserved for CMDC. With CMDC,
JVC is already working for mining, more such companies
can be formed for the purpose.
(C) Mineral based industries:
Chhattisgarh is
promising State to set-up heavy, medium and small-scale
mineral based industries without importing any major raw
material from other states. Besides economic deposits of
almost all major and minor minerals, the State is rich
in power, water and human resources.
Conventional
industries:
Adequate quantity
of the raw material is available for sustaining the
conventional industries like iron and steel, sponge
iron, cement, thermal power generation, calcination,
aluminium extraction, cutting and polishing units (gem
and dimension stones), ancillary units for and derived
from the Cement and Iron industries.
High-tech
industry:
The rare alkali
metals lithium, rubidium and cesium and other rare
metals like beryllium, gallium, tantalum, niobium etc.,
are the raw material for the sensitive high-tech
equipments, instruments and spares in the era of
precision and sophistication. These high-tech equipments
essentially include the miniature energy storage
devices, high quality glass and ceramics with high
resistance to metal fatigue, electric & space vehicles,
etc. |
