One of the core sectors in India, the mining sector, provides basic raw materials to many important industries. India has a significant cost advantage in the steel and alumina industries regarding production and conversion costs. In addition, its strategic location facilitates the development of exports as well as the fast-growing Asian markets.
In 2019-20, India had 1,303 mines that reported mineral output (excluding atomic, fuel, and minor minerals) and produced 95 minerals: four fuel-related minerals, ten metallic minerals, 23 non-metallic minerals, three atomic minerals, and 55 minor minerals.
India is the world's second-largest coal producer. Coal consumption / accurate supply (including imports) grew from 836.93 million tonnes in 2016-17 to 968.03 million tonnes in 2018-19.
In 2040, coal is expected to be India's most significant single source of electricity.
India is the world's second-largest crude steel producer, with a 2020 output of 99.6 MT.
India ranks fourth in iron ore production globally, and iron ore production in the fiscal year 2019 (up to Feb 19) stood at 187.60 million tonnes. The country accounts for 8 percent 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, value addition, and integrated activities under government routes.
Domestic steel production capacity by 2030
FDI equity inflows to metallurgical industries and mining (Apr 2000 - June 2022)
FDI equity inflows to coal production (Apr 2000 - March 2022)
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
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