Sunday 25th September 2022

“Indian Minerals & Metals Industry, Transition towards 2030 & Vision 2047”

Aug 24th, 2022 6:02 pm | By | Category: LATEST NEWS


(THE NEWSMAN OF INDIA.COM)
Union Minister of Steel and Union Minister of Mines inaugurate two-day Conference on “Indian Minerals & Metals Industry : Transition towards 2030 & Vision 2047” organized in New Delhi by NMDC in association with FICCI. Union Minister of Civil Aviation and Steel, Jyotiraditya M. Scindia today called upon India’s mines and mineral industry to reduce carbon emission by 30–40 per cent by the year 2030 to enable India make an impact globally for its growth, expansion and exports. Union Minister of Mines, Coal and Parliamentary Affairs, Prahlad Joshi said, “The Government has introduced a revenue sharing model as per which 50 per cent rebate is entailed on revenue share on early production of minerals”.

Sumit Deb, Chairman–Cum-Managing Director, NMDC Ltd in his remarks said that the vision of NMDC reverberates with the vision of National Steel policy as it aims to augment annual production capacity of iron-ore to 67M tons by 2025 and 100M tons by 2030,” he added. Sanjiv Mehta, President, FICCI stated that the mines and minerals play a key role in industrialization of an economy. “It is vital for our country to create a strategy for critical minerals and rare earth security. Reducing the supply chain and logistics cost by improving the infrastructure and enhancing efficiencies in the entire value chain would be essential to make our industries globally competitive,” he added. Leading industrialists, policy makers, world renowned associations from the steel, minerals and mining industry are taking part in the two-day conference.

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