Today, economists view mineral exploitation and consumption as barometers of industrial & economic development of a region.
Directly or indirectly, minerals act as basic raw materials for strategic industries, and they are important ingredients of a State's economy. These resources, being finite and non-renewable, need to be managed wisely. A rational, long-term policy is required for their ideal development and utilization.
A forward-looking policy has been formulated in accordance with concerns of environment protection, mines safety and natural resources conservation. The broad guidelines of this policy are: optimum utilization of minerals with minimum wastage and maximum mineral revenue generation through value additions. It also ensures that the present and future demand projections and development priorities are in accordance with India 's National Mineral Policy.