China model seen coming in way of India's foreign mineral buys

Admitting, in effect, India’s history of failure in the international mineral assets market, the government has acknowledged China’s model of dealing with such strategic acquisitions as a major threat for India’s ambitions to book resources abroad. Also, with state-owned International Coal Ventures Ltd not making a dent, the government has proposed setting up another such body, to be headed by Coal India Ltd (CIL), to scout for assets abroad.

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