One of the core sectors in India, the mining sector provides basic raw materials to many important industries. India holds a fair advantage in cost of production and conversion costs in steel and alumina. Its strategic location enables convenient exports to develop as well as the fast-developing Asian markets. India produces 95 minerals– 4 fuel-related minerals, 10 metallic minerals, 23 non-metallic minerals, 3 atomic minerals and 55 minor minerals (including building and other minerals).
Coal production grew at CAGR 4.6% over FY14-FY19 (to 730.35 MT) and is expected to grow 6-7% Y-o-Y over FY20.
India ranks fourth in terms of iron ore production globally and production of iron ore in the fiscal year 2019 (up to Feb 19) stood at 187.60 million tonnes. The country accounts to 8 per cent of the world’s deposits of iron ore.
100% FDI in mining in India is allowed under automatic route.
100% FDI in the mining sector in India is allowed in Coal and Lignite under automatic route.
100% FDI in the mining sector is allowed in Mining and mineral separation of titanium bearing minerals and ores, its value addition and integrated activities under government route.
2nd largest crude steel producer in the world
2nd largest coal producer in the world
4th largest iron ore and aluminium producer in the world
India is the 2nd largest producer of coal. Coal production in the country stood at 688.8 million tonnes in FY18. It stood at 576.00 million tonnes during Apr 2018 -Mar 2019
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% of world’s deposits of iron ore
According to Ministry of Mines, India has the 7th largest bauxite reserves- around 2,908.85 million tonnes in FY18. Aluminium production stood at 2.25 MT in FY19 (up to February 2019) and is forecasted to grow to 3.33 million tonnes in FY20.
Out of 2,101 reported mines, 274 were located in Madhya Pradesh followed by Tamil Nadu (252), Gujarat (225), Jharkhand (211), Chhattisgarh (162), Odisha (157), Karnataka (146), Andhra Pradesh (135), Maharashtra (134), and West Bengal (100). These 10 states together accounted for 85% of the total number of mines in the country in 2015-16. Among them, 558 mines belonged to coal and lignite, 668 to metallic minerals and 975 to non-metallic minerals
India became the world’s 2nd largest crude steel producer in 2018 with an output of 106.5 million tonnes
Aluminium production stood at 0.92 million metric tonnes during Apr-June 2018 and is forecasted to grow to 3.33 million tonnes in FY20
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