India should provide better infrastructure to boost the minerals industry and encourage foreign investment, industry specialists told the India Minvest 2001 conference in February. They said foreign direct investment was low in India's mining sector even though the government had opened its economic doors under the liberalisation programme launched in 1991."In spite of liberalisation, foreign direct investment inflow has not been very encouraging,"Mr K.K. Chatterjee, chief mineral economist with the Indian Bureau of Mines, said. The government needed to look into the formulation of laws for exploitation of solid minerals in a scientific manner in the vast and virgin offshore territory, he said.
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