AP eases entry into mining sector with policy overhaul
The first-cum-first licence system was followed in the state during the previous TDP regime. However, the YSRCP regime suspended it to bring the auction system. Although, the auction system helped rake up more revenue to the exchequer, it is believed to have pushed the mineral sector into the hands of a few select players. The influential contractors threatened the new players from filing the bids and grabbed the licences for the most attractive mineral leases.
The state govt in fact released new mining policy 2025-30 recently. In line with the new policy, the industries and commerce department worked out guidelines for issuance of leases and licences for the minor minerals in the state. The tender-cum-auction system will, however, continue for major minerals.
The state govt directed the mines and geology director to consider all the pending applications for grant of leases since 2014.
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The revival of the old policy is likely to help young and enthusiastic entrepreneurs to enter into the mining sector with investments and create more employment.
Leases for as many as 16 minor minerals including granite, road metal, building stones, kerbs, limestone, mosaic chips, M-sand will be granted through first-cum-first basis. The leases will also be granted in private patta and forest lands after getting required clearances from the concerned authorities.
"The leases/licences in govt/forest lands will be granted to those who first secured NOC from the authorities concerned. Mere filing application with the mines and geology department will not work," said a senior official of mines and geology department.
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