How will metals and mining sectors contribute to govt's target of developed India by 2047?

• Odisha to host over 200 mnt steelmaking capacity in the mid term
  
  
• Adopting digital technologies, AI key to boosting mining industry
  
  

Hosted by ASSOCHAM, the 'Odisha Metals & Mining Conference' was organised on 21 November, 2024 with the aim to encourage all stakeholders to explore the potential of the metals and mining sector to embrace sustainable and inclusive growth. The conference discussed the various reforms needed in the metals and mining sectors in terms of fast-tracking exploration of minerals and involving all major stakeholders to achieve the government's target of 'Viksit Bharat' by 2047.

Gracing the occasion, Arun Kumar, Regional Controller of Mines, Indian Bureau of Mines (IBM) emphasised that the government is committed towards the sustainable and inclusive growth as well as local community development, zero emissions in mining operations, exploration of critical minerals, and adopting state-of-the-art technologies in the mining and logistics sectors.

Speaking on the occasion, Nitin Kale, Member ASSOCHAM National Council on Mines and Minerals and Senior Vice President, JSW Steel, observed that the motto of 'Visit Bharat' (developed India) encompasses various facets of development such as economic growth, environment sustainability, social progress, and good governance.

The mining industry has huge potential to contribute $30 trillion to the economy by 2047 and an additional 25 million jobs directly and also indirectly. He also said that being a mineral-rich state, Odisha has allocated the highest ever 48 mines for auction and is expected to host 200 million tonnes of steel production in the not-too-distant future.

S. K. Sarkar, Zonal Manager (East), BEML Ltd. Kolkata, said: "The future of Indian metals and mining sector for 'Viksit Bharat 2047' lies in embracing sustainable and responsible mining practices by applying environmental compliance, reducing carbon emissions and conserving resources, leveraging advanced geological techniques to explore deep-seated minerals through increased private sector participation and policy reforms."

Sarkar further stated that Indian can establish global leadership in critical minerals by developing supply chains and forging alliances with resource-rich nations and driving transition to electric and green technologies to minimise carbon footprint. Digital transformation has a key role in shaping metals and mining industry through use of automation, AI and IOT to enhance productivity, optimise operations and boost global competitiveness.

S.K Singh, Executive Director, Sainik Mining and Allied Services Ltd., said "Mining contributes significantly to India's GDP and Odisha's economy as this sector provides livelihoods to millions, especially in the rural areas. Coal mining ensures energy self-sufficiency for India's growing economy."

"It is imperative to incorporate sustainable mining practices, hone workforce skills to meet industry demands, upgrade transportation networks for efficient mineral transportation and encourage value-added industries to maximize mineral utilization," he added.

A joint Knowledge Report was released by ASSOCHAM-ICRA on Odisha Metals & Mining Sector in the presence of eminent dignitaries.

BigMint was present at the summit and engaged in panel discussions on latest mining technologies, as well as attaining sustainability goals in the steel industry.