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).
The total value of mineral production (excluding atomic & fuel minerals) during 2017-18 has been estimated at $16.6 bn, which shows an increase of about 13% over that of the previous year. During 2017-18, the estimated value for metallic minerals is $7.7 bn or 47.7% of the total value and non-metallic minerals including minor minerals is $8.8 bn or 53.3% of the total value.
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
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
The Big Picture - Wooing FDI - FDI India
If India is prosperous and growth is high, FDI will come in: Abhijit Banerjee
Big announcement by Finance Minister Niramala Sitharaman for FDI in this year's budget.
RSS Chief Mohan Bhagwat's Full Speech To The Swayamsevaks In Nagpur On Vijayadashmi
Cabinet clears 100% FDI in coal mining, associated infrastructure