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OMC can be a world class organisation, says World Bank


OST Bureau
Bhubaneswar, Sep 3:

“The state-owned Odisha Mining Corporation (OMC) has the potential to become a world class organization”. This is what World Bank officials told the state government at a high level meeting presided over by chief secretary JK Mohapatra at the State Secretariat here.
During the meeting, the five-member World Bank team led by state programme coordinator Vikram Menon agreed to provide non-lending technical assistance and world class expertise to the OMC for accomplishing the goal.

The chief secretary asked the directorate of Mines,directorate of Geology and the OMC to augment their internal capacity for better regulation, enforcement and professional management.

He also asked the OMC to treat its fund as a social wellbeing fund and utilise it for long term and sustainable development in the sector.

The meeting discussed issues over developing structured reform initiatives in mining sector to make it sustainable and maximize revenue generation from the sector.

Besides, leveraging mining wealth as a driver for inclusive growth of local community, adoption of green technology for sustainable economic growth and infrastructural development of state also came up for discussion.

The meeting decided to integrate the DGPS mining map with the revenue map and take up regulatory and corporate strengthening initiatives in the departments and corporations dealing with mining sector.

Among others, development commissioner Injeti Srinivas, additional chief secretary (finance) UN Behera, additional chief secretary, Finance, Taradatt, Steel and Mines secretary G Srinivas, OMC MD Saswat Mishra, director of Mines and senior officials of the concerned departments were present at the meeting.