Explanation:

 The New Mineral Policy, 2015 is a futuristic policy endeavoring propagation of sustainable mineral extraction regime aiming zero waste by adopting systematic and scientific mining with due safety, productivity, conservation, cost-effectiveness and adhering to the threshold parameters of environment, social commitments, health and welfare of people employed therein, utilizing the mineral resources after value addition to augment the financial resources of the State. The objectives of the policy are :

• To infuse greater transparency and enhance efficiency in grant of mineral concessions by simplifying the procedure and adopting e-governance;
• To provide conducive framework of procedural, regulatory, fiscal and legal aspects in the investment regime;
• To enhance exploration of mineral wealth of the State with the help of in-house facilities available and outsourcing other modern techniques through private participation;
• To gear-up oil and gas exploration and its related production activities in the State, step up value addition in hydrocarbon sector;
• To develop scientific mining techniques with due regard to safety, productivity, conservation, cost-effectiveness, environmental and social sustainability;
• To encourage investors (present and potential) for establishing mineral based industries in the State by creating a favorable and transparent environment;