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The Great Rajasthan Mining Surge: Will Ambition and Innovation Deliver a ₹12,950 Crore Jackpot?

Updated: May 10, 2025 09:55

Image Source: Business Standard
Rajasthan is gearing up for a mining boom, releasing an ambitious target of more than ₹12,950 crore in mining revenue for FY26-a leap fueled by strong reforms, bold auctions, and a new vision for sustainable growth.
 
Key Highlights:
  • The Mines & Geology Department has a target of collecting ₹1,000 crore per month, based on FY25's record ₹9,228 crore collection-a 23.65% increase over the last year and the highest in state history.
  • Rajasthan continues to be a mineral hub, yielding 22 major and 36 minor minerals, and India's only producer of lead, zinc, wollastonite, selenite, calcite, and gypsum.
The action plan of the department is centered on:
  • Accelerating auctions of mineral blocks, including auction of seized minerals immediately to check illegal mining.
  • Clearing pending court cases and speeding up recovery of arrear dues and mining lease installments.
  • Placing auctioned blocks in instant operation to avoid wastage of resources and ensure maximum revenue.
  • State-level monthly action plans for investment, employment, and revenue realization will be strictly enforced with zero tolerance for laxity.
The 2024 Rajasthan Mineral Policy supports these initiatives, focusing on:
  • Sustainable, responsible mining and community well-being.
  • Increasing the area of mineral concession, the number of minerals being extracted, and aiming for a threefold increase in revenue by 2029-30.
  • Luring investments, generating jobs, and inducting newer technologies for efficient, transparent governance of minerals.
With these path-breaking changes and a roadmap for action, Rajasthan is ready not only to exceed its revenue target but to transform its mining industry into a benchmark of growth, innovation, and sustainability.
 
Sources: Business Standard, Times of India, Rajasthan Mineral Policy 2024

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