Page 15 - RMAI Bulletin July - September 2021

RMAI BULLETIN JULY TO SEPTEMBER 2021

also vacuum created the fragile and failing states. The foreign countries for mineral exploration. Example:
nature of geopolitical instability has itself changes. No Adani Enterprises ties up with Carmichael coal mine
one could have thought of refugee crisis or ISIS coming project in Australia.
up just six years ago. It becomes natural that we expect
such trends are going to affect the economic sector of Swot Analysis:
few countries and can shake others around the world. Strengths:
India is growing very fast and its economy cannot just
Y Rich and large mineral deposits in India
stay in isolation. It has to develop new ties with the
countries that are on equal footing. India should not Y Easy availability of labours
be seen as just an economic partner but as a Y Low wage of labours
geopolitical partner as well. India, today, cannot be Y Strategic locations
ignored on this front as it has left behind the non-
Y High demand of minerals
aligned movement and it heading towards policies that
are of national interests with allies like USA and Japan. Weakness:
However, relations are not always positive in nature.
Y Outdated Mining technology
Some are just very hard to negotiate. Our deep
strategic and competitive relations with our neighbour, Y Poor infrastructure facility
China, are not just limited to trade and commerce but Y Few innovations
extends to bitter border relations along the North-East
Y Unskilled labours
states. It is a relation of both economic cooperation
and strategic competition. Y Accidents are high
Y Hardly any Research and Development in the
After we had a Doklam stand-off in 2017, the relation sector
between India and China got strained a bit and since
then the competition got wilder. China is trying to Opportunities:
make its presence all around the Indian Ocean. In Y India has large deposits unexplored
2018, China started mining operations on its side of the
Y Contract mining
border with Arunachal Pradesh, where a huge deposits
Y Information technology solutions in changing
of Gold, Silver and other minerals are found. Because
China also claims Arunachal Pradesh as a part of Tibet, world
the security around the border is under fragile Y Equipment procurement with maintenance and
conditions. China's presence in the disputed region repairs
ofJammu and Kashmir is also bothering us a lot. These Y Opportunity in research and development
tensions can really affect the economic strata of the Y Public Private Partnerships can become more
nation. Mining being a capital intensive sector is always feasible
under threat.
Y Outbound investment options
Recent crisis in Middle East and West Asian countries are
affecting our export as the presence of military and non- Threats:
military vessels around the Strait of Hormuz threatens the Y Field Encroachment by rivals
vessels carrying goods which lead to loss in the trade. Y Politicians might create a conflict as they look
Many minerals are exported from India and all those down on this industry
when do not find any market gets flooded in the domestic
Y Strict environment rules
market leading to price drop.
Major Players:
International behaviour of any state is linked to its
geography, history or culture. However, now it also Y National Mineral Development Corporation
depends on the political system of the states involved. Y Vedanta
We need to be little aware and diplomatically straight
Y Hindustan Zinc
with an honest approach to solve such issues to have
Y Hindustan Copper
a long bilateral or multilateral ties with nations around.
Also, we have many industries that are tying up with Y Hindalco Industries

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