Modi's 'Make in India' drive skids on red tape
Recent mine closures highlight bureaucratic obstacles to PM's push to turn nation into global manufacturing hub
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New Delhi
PRIME Minister Narendra Modi is seeking to turn India into a global manufacturing hub by curbing red tape. Tell that to Tata Steel Ltd, which closed one of its largest iron-ore mines in September over permit delays.
India's largest maker of the alloy isn't alone. Steel Authority of India Ltd shut one of its top-yielding quarries the same month pending renewal of its lease. JSW Steel Ltd's plan to start mining in eastern Jharkhand state has been hampered by a probe begun last month into mine allocations.
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