The Indian mining sector plays a pivotal role in the country's infrastructure and economy. India is the 3rd largest producer of coal. Coal production stood at 676.51 million tonnes in FY18. India has the 5th largest estimated coal reserves in the world, standing at 319.02 billion tonnes in FY18.
India ranks 4th in terms of iron ore production globally. In FY18, production of iron ore stood at 210 million tonnes. India has around 8 per cent of world's deposits of iron ore.
India stood as the third largest crude steel producer with output of 101.4 million tonnes in 2017. Crude steel production in the country rose to 102.34 million tonnes in FY18.
According to Ministry of Mines, India has the 7th largest bauxite reserves- around 2,908.85 million tonnes in FY17. Aluminium production stood at 1.60 million metric tonnes during Apr-Sept 2017 and is forecasted to grow to 3.33 million tonnes in FY20.
Factors like the widening Current Account Deficit, depreciation of the Indian currency , and need for enhancing infrastructure for bringing back growth in the economy has made sure that the Government has introduced a slew of measures to facilitate / enhance mining in India. These are
Future of the mining industry in India
- Easing environmental clearance norms for expanding coal mines to help the crippling fuel scarcity in the power sector.
- Coal blocks auction
- Cabinet Committee on Investment to fast track project clearances.
- Inviting Private sector participation in Coal India Limited for developing 13 greenfield projects with a 65
million tonne annual capacity.
IMME 2020 - To Feature
- Despite the slowdown, India is still the second-fastest growing economy, after China.
- Demand for minerals, as well as for mining services, is robust in the country.
- Mining in India is becoming more structured, and companies have started outsourcing part of the project to mining service companies.
- The largest mining company in India, i.e., Coal India Limited (CIL), plans to invest around INR254 billion during the Twelfth FYP (2012-17).
- Contract mining could prove to be a solution to the on-going current coal deficit in country.
- As the industry focuses on adapting international levels of technology, there exists untapped potential in the
Indian mining equipment sector.
- 4 Days International Exhibition
- 2 Days Global Mining Summit with 1000+ Delegates
- 450+ Exhibitors
- 10000+ Business Visitors
- 80000 Sqm Exhibition Display Area
- 10 Country Pavilions
- B2B Networking forums for Exhibitors & Visitors
- Participation from Major Indian & International Companies, Government, PSU’s, Nodal Agencies, Media and others.
Confederation of Indian Industry (CII), India's Premier Business Association is organizing the 14th International Mining and Machinery Exhibition (IMME), the Largest Trade Fair dedicated to the mining industry, in India and the upcoming exhibition dates will be announced shortly.