Mining

India currently produces around 89 minerals under different groups, with fuel minerals, metallic minerals, non-metallic minerals, atomic minerals and minor minerals. The country has immense potential for mining resources and reserves and is currently among the top 10 global producers of many minerals

The Mining industry in India is a major economic activity which contributes significantly to the economy of India. India currently produces around 89 minerals under different groups, with fuel minerals, metallic minerals, non-metallic minerals, atomic minerals and minor minerals. The country has immense potential for mining resources and reserves and is currently among the top 10 global producers of many minerals.

India’s leading global position in mineral productions are in - Coal, Chromite, Iron ore, Bauxite, Manganese Ore.

India with its vast Mineral resource potential, has however, leveraged this strength only marginally. Exploration has lagged significantly behind the growth in domestic demand of Minerals. Demand for minerals, as well as for mining services, is robust in the country. Mining in India is becoming more structured, and companies have started outsourcing part of the project to mining service companies. As the industry focuses on adapting international levels of technology, there exists untapped potential in the Indian mining equipment sector. Contract mining could prove to be a solution to the on-going current coal deficit in country.