NMDC and FICCI to Host Indian Minerals and Metals Industry Conference

NMDC CMD Sumit Deb (center) with DK Mohanty and Jyoti Vij during the Conclave curtain raiser

Team News

New Delhi, August 12

The National Mineral Development Corporation (NMDC) and FICCI will organize a conference on the Indian minerals and metals industry on the theme “Transition to 2030 and Vision 2047” on August 23-24 at the Taj Palace, Diplomatic Enclave New Delhi.

The two-day event is being held in commemoration of India’s 75 glorious years of independence and the current ‘Azadi Ka Amrit Mahotsav’ in collaboration with the Union Ministries of Steel and Mines. The main objective of the event is to have deliberations on the roadmap for the minerals and metals sector to achieve “Vision 2047”.

The program will be honored by speakers from industry, politics and academia. Global and national producers, mining organizations, policy makers, mining equipment manufacturers, country heads of global companies, central and state government officials, among others, would attend and speak at the conference.

The conclave would involve deliberations and analysis of the global and Indian minerals and metals industries, the interplay of emerging technologies in the mining space, discussions on the required policy environment.

Addressing the curtain-raiser event, Sumit Deb, Chairman, FICCI Mining Committee and Chief Executive Officer, NMDC Ltd, noted that given the country’s vast mineral resource base and the development and the easing of the commercial and regulatory environment, the international giants are also showing interest in the mines and the mining industry of the country with national players.

“Collaboration between all relevant stakeholders, including industry, Center and States, is key and the upcoming conference will function as a platform to strengthen collaboration and set the plan ahead. Addressing challenges and obstacles and finding solutions for them is the key to progress and this conference would provide the right platform for that. says Deb.

“The mining sector in India is going through a paradigm shift with reforms aimed at facilitating the business ecosystem and empowering the country. Simple and efficient decision making has been key in our policy development and standards are being developed. formulation to further facilitate policy development and help obtain clearances in a timely and meaningful manner,” Deb added.

DK Mohanty, Director (Production), NMDC Ltd., said that with the country striving for self-sufficiency and efforts to reduce dependence on imports, mining and mineral industry would play a major role in India’s roadmap for growth and achieving the goal. to transform into ‘AtmaNirbhar Bharat’.

Ms. Jyoti Vij, Deputy Secretary General of FICCI, noted that the mining and minerals sector is at the heart of the government’s decision-making process and that the objective is to achieve optimal use of national resources, which would also boost the employment and lead to economic development in different regions of the country.

The upcoming conference will also have deliberations on new age minerals, digitalization and automation and other technological innovations. The program will also witness a country roundtable on the future of minerals and metals in the world.

The conference would provide an understanding of the global commodity market for minerals and metals, highlight the interdependence between mineral development and economic growth, developments in international markets that may impact the industry Indian minerals and metals industry and identify opportunities in the Indian minerals and metals industry among others.

India is well endowed with most minerals and produces 95 minerals including combustible, atomic, metallic, non-metallic and minor minerals.

Being unexplored, exploration and mining companies have a lot to offer the country. Additionally, with the rapid pace of urbanization, it is expected that there will be a steady increase in the demand for minerals and metals, especially from the infrastructure and manufacturing sectors. With the corresponding supply and demand scenario, the industry can flourish in the country and make a massive contribution towards the goal of a $5 trillion economy.