LETTERS TO THE EDITOR — India welcomes Canadian miners

I was recently in India visiting mining establishments under the auspices of the United Nations Development Program (UNDP). Canadian mining companies and entrepreneurs will be interested in the economic liberalization and new mineral policy recently announced by the government of India. This policy is designed to accelerate the development of Indian mining by attracting private investment and foreign equity participation up to 50% in exploration and mining.

Mining in India is largely under government control. Under the new policy, 13 minerals have been released for private sector investment. As a result, iron ore, manganese, chrome, sulphur, gold, diamond, copper, lead, zinc, molybdenum, tungsten, nickel and platinum-group metals are open for exploration and exploitation.

I encourage Canadians to explore investment opportunities in India. At present, the business climate there is very promising.

Dr. Raj Singhal

Calgary, Alta.