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The Union Cabinet chaired by Prime Minister Narendra Modi has approved the National Mineral Exploration Policy (NMEP).
The NMEP primarily aims at accelerating the exploration activity in the country through enhanced participation of the private sector. There is a need for comprehensive mineral exploration of the country to uncover its full mineral potential so as to put the nation´s mineral resources (non-fuel and non-coal) to best use and thereby maximise sectoral contribution to the Indian economy. The policy emphasises on making available baseline geo-scientific data of world standards in the public domain, quality research in a public-private partnership and special initiatives for search of deep-seated and concealed deposits.