One step forward, two steps back
By Ajoy K Das
“Time is short. If you have to achieve much, you’ve got to run,” said Peter Munk, founder and former chairman, Barrick Gold. The Indian mining industry promised to achieve much. But it is definitely not running and time is running out, too.
Gaps between enunciation of lofty potential and policy procrastinations, delays and actual performance of the sector, including investments on the ground have become glaring.
The adage sometime attributed to Thomas Edison, “Vision without implementation is just hallucination,” could well describe the Indian mining sector in recent times.