Country's mining industry is projected to touch over $30 billion (about Rs 1,27,662 crore) accounting for about 2.5% of the GDP in the next four years, a latest report said. "Considering India's mineral resources, we believe there is strong potential for further development and scaling up of the country's mining industry.

Ionizing radiations are a grave threat around the high background regions of the globe. Selected pockets of Brazil, China and India are reportedly under the grip of high background radiation. Presence of monazite sand along the beaches of these regions, among other factors, has contributed to these dreaded radiations. Recent studies have indicated the availability of monazite deposits throughout the erstwhile South Travancore region comprising parts of Kerala, and Kanyakumari District, Tamil Nadu.

National Mineral Policy will unlock the mining business

The new National Mineral Policy (NMP) which seeks to ensure assured right in mineral concessions, envisages foreign direct investment of $2.5 billion annually. "FDI of about $2.5 billion per annum is expected in the mining sector from the fifth year of implementation of the new NMP,' mines minister Sis Ram Ola said.