Labour Management Relations—Issues for the Indian Mining Industry

By : Shri Pramod Mohan Johri

Page No: 302-308

Abstract
Indian mining Industry has a cyclic effect. At times it has recession and sometimes the industry records high profits. Earning of foreign exchange from the export and sudden profits due to the fluctuating USD v/s INR rates has been a unique phenomenon for the industry. In various mining magazines we often read that National Mineral Development Corporation (NMDC) has made gross contribution to the national exchequer in the tune of Rs 7490 crore. It has become the single-largest producer of iron ore in India and the only mechanized diamond miner in Asia. National policy for the export of iron ore and for domestic consumption makes a lot of changes in the demand and supply system. On the other side we read that the Indian mining industry is passing through recession. The issues relating to forest clearance and environmental clearance have deep impact on the existence of this industry. As a recent development mining industry in Goa has been in a stand still for the last one year whereas the export of iron ore has been the backbone of the economy of the state of Goa. In such a rapidly changing environment of Indian mining industry, HR initiatives like rightsizing of manpower, adequate investment in human capital plays a very vital role to recognize mining industry. Industrial relations directly impact productivity, harmony and peace and competitiveness of the mining industry. It is true that employees in the organization represent rich talent pool which represents the appreciating assets for the organization.

Author :
Shri Pramod Mohan Johri : CGM (HR&A), Goa Shipyard Limited, Goa.