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NE to showcase mineral resources at investors meet

The Union ministry of mines and ministry of development of north eastern region (Doner) is organising an investors meet on November 6-7 in Guwahati.

, ET Bureau|
Nov 04, 2009, 09.45 PM IST
GUWAHATI: In order to woo investors for development of mineral-based industries in the North East, the Union ministry of mines and ministry of development of north eastern region (Doner) is organising an investors meet on November 6-7 in Guwahati. The meet has been organised in association with the governments of north eastern states and the Federation of Indian Mineral Industry and Federation of Industry and Commerce of the North Eastern Region (FINER).

The conference "Investors Meet & Conference on Development of Mineral Resource and Mineral-Based Industry in North Eastern Region will be attended by the Union minister for mines and Doner, B K Handique and Assam chief minister Tarun Gogoi. The meet will be attended by participants from the Centre, North Eastern Council, governments of Northeastern states and Sikkim and industrialists from the mineral industry, financial Institutions, private entrepreneurs and NGOs.

Sources in the Doner ministry added: "This will provide an opportunity to governments of northeastern states to highlight available mineral resources, opportunities, infrastructure and fiscal incentives for setting up mineral based industry in their respective states and interact with the industry. The meet is expected to give a direction and fillip to the much needed impetus to the mining and resultant employment and development in the region."

Sources pointed out in addition to vast resources of oil and gas, large reserves of non-metallic/industrial minerals like coal, limestone, dolomite, quartzite, clay, dimension stones are available in the Northeast. The reserves of various minerals estimated by Geological Survey of India (GSI) in the region are 909 million tones of coal, 8793 million tones of limestone, 246.75 million tones of dolomite, 3.13 million tones of quartzite, 84.7 million tones of graphite, 26.32 million tones of clays, 0.71 million tones of fireclay besides significant quantities of silica sand and dimensional stone.
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