The Indian mining sector plays a pivotal role in the country’s infrastructure and economy. Globally, India ranks 2nd in Chromite, 3rd in Coal & Lignite and Bauxite, 4th in Iron ore and 5th in Manganese. The future of the mining sector lies in laying emphasis on scientific mining so that state of the art technology is used for exploration, efficiencies are realized, clean technologies and safe mining practices are adopted with adequate supporting infrastructure.
India was estimated to have spent $14 billion on coal imports last fiscal year and that figure is likely to rise to $25 billion by 2016/17. This combined with factors like the widening Current Account Deficit, depreciation of the Indian currency , and need for enhancing infrastructure for bringing back growth in the economy has made sure that the Government has introduced a slew of measures to facilitate / enhance mining in India.
The Confederation of Indian Industry (CII) works to create and sustain an environment conducive to the development of India, partnering industry, Government, and civil society, through advisory and consultative processes.
CII is a non-government, not-for-profit, industry-led and industry-managed organization, playing a proactive role in India’s development process.