India’s apex industry representative body, the Federation of Indian Chambers of Commerce and Industry (FICCI), said that the mining sector has not witnessed any big investment by global mining giants despite 100% foreign direct investments being allowed in the sector. Citing a report from the Fraser Institute, FICCI said the even though India had improved its ranking in the global ‘Ease of Doing Business’ listing, when it came to the mining sector specifically, the country was ranked ‘poorly’.
