SME Times News Bureau | 20 Nov, 2014
In a move to help sectors like mining and construction, the central
government Thursday did away with the requirement for obtaining licences
for the production of ammonium nitrate fuel oil (ANFO) explosives, used
for blasting in mines.
It was advised to ANFO manufacturers in
November 2013 to apply for licence under the Industries (Development
& Regulation) Act, 1951.
"Representations were received from
stakeholders about the hardship faced in getting licence under the
provisions of the act," the commerce ministry said in a statement here.
About
300 applications were pending with the department of industrial policy
and promotion to get industrial licences for the production of ANFO, it
added.
"This will help mine owners using ANFO to continue mining
operations and will help the development of the cement industry as well
as the construction sector," the ministry said.
