India is endowed with large mineral resources, especially of iron ore, bauxite, coal, base metals, noble metals and diamonds. India’s mineral sector has a potential to add USD 210 – 250 billion to the GDP by deploying state of the art exploration technologies. For achieving a high manufacturing growth rate as envisaged in the New Manufacturing Policy and adequate infrastructure development, the mining sector has to grow faster. Government aims to increase the production of minerals by 200% and reduce trade deficit in the mineral sector by 50% in next 7 years. To achieve these ambitious objectives, entire value chain of the mineral sector starting from reconnaissance, exploration, mining and beneficiation and downstream activities have been streamlined so as to attract investments from both domestic as well as international investors. Government has already taken key policy reforms such as promulgation of Mines and Minerals (Development and Regulation) Amendment Act 2015, initiation of auctioning process of mining licences for minerals like iron ore, bauxite, limestone and gold etc. It is also encouraging miners to increase production which would generate more employment in the country by introducing the state-of-the-art technology.
FIMI a body that supports responsible mineral exploration and mining is organizing a three-days event on “Mining, Exploration Convention & Trade Show” from 12-14 September, 2019 at Bangalore International Exhibition Centre (BIEC), Bangalore with the support of PDAC and MSTA Canada in order to attract investment and technology. It provides a unique opportunity for various stakeholders involved in the mining value chain – policy makers, exploration agencies, mining companies, regulatory agencies, technologists, economists, investors including foreign companies – for intense deliberations and discussions. The convention is sponsored by Ministry of Mines.
Venue: Bangalore International Exhibition Center, Banglore.
Web site: https://events.steelmintgroup.com
Date: 12-14 September 2019