IME 2022- International Mining, Equipment, Minerals & Metals Exhibiton

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Growth Drivers

The rise in infrastructure development and automotive production is driving the growth of the metals and mining industry in India.
The growth in the mining industry in terms of production of minerals has significantly improved in comparison to recent past. It is pertinent to recall that the industry recorded a negative growth of 0.6% for two consecutive years (2011-12 and 2012-13).
The total value of mineral production (excluding atomic & fuel minerals) during 2018-19 has been estimated at $16.53 bn which shows an increase of about 10.11% over
That of the previous year. The states that have witnessed an increase in the value of mineral production are:

  • Karnataka – 30.66%
  • Chhattisgarh – 29.98%
  • Rajasthan – 25.61%
  • Goa – 23.46%
  • Odisha – 21.98%
  • Madhya Pradesh – 17.34%
  • Maharashtra – 2.07%
  • Jammu and Kashmir – 1.35%

The value of metallic minerals increased by 26.86% in 2017-18.
During 2017-18 (excluding atomic, fuel, and minor minerals), the private sector emerged to play a dominant role in mineral production accounting for 67.33% or $5.26 bn crore in the total value.
There has been a notable turn around ever since the government has taken initiative for policy reforms.
Minerals like manganese, lead, copper, alumina are expected to witness double-digit growth in the years ahead. There is a significant scope for new mining capacities in iron ore, bauxite, and coal.
India has an advantage in the cost of production and in conversion costs of steel and alumina.