| | AUGUST 20234 It's a great time to be in the mining industry in India. After confirming 5.9 million tonnes of lithium reserves in Jammu and Kashmir, recent surveys by the Geological Survey of India (GSI) have found gold deposits in three districts of Odisha. On top of this, the Union Cabinet has now approved amendments to the Mines and Minerals (Development and Regulation) Act to allow commercial mining of lithium, Titanium, and four more minerals. Lithium and its compounds have several industrial applications, from heat-resistant glass and ceramics to steel and aluminum production and lithium-ion batteries. Titanium is mainly used in aircraft, spacecraft, and missiles because of its low density and ability to withstand extremes of temperature.As of 2022, India is home to around 1,245 reporting mines. While 525 of these are reporting mines for metallic minerals, the rest, about 720, are mining non-metallic minerals. India also has around 914 steel plants producing crude steel. According to IBEF, India's crude steel production stood at 71.3 MT in FY23 (until October 2022).The sudden rise in infrastructure development and automotive manufacturing has been a solid tailwind for the mining industry. The increasing demand from the power and cement industries is also playing its part. Given the infrastructure development roadmap of our country, it's beyond any reasonable doubt that the consumer demand for iron and steel will continue. In November 2022, the government removed export duties on steel and stainless steel to strengthen the nation's steel sector and allow it to establish its position in the global market firmly. But to leverage these opportunities, the mining organizations need to act smart. They must leverage everything from smart mining concepts and improving safety using drones to digitization and automation. We dedicate this special issue to leaders from the mining industry in India.Sujith VasudevanManaging Editoreditor@ceoinsightsasia.comEditorialIndia Hits Jackpot! Insights for Business LeadersVol 04 · Issue 4-5 ·AUGUST, 2023Publisher Alok ChaturvediManaging Editor Sujith Vasudevan Manager - DesignPrabhu Dutta A.R.N RayNoidaRohit Raghubanshi Akshay Shettyadvertise@ceoinsightsasia.comEditorial queries editor@ceoinsightsasia.comTo subscribeVisit www.ceoinsightsasia.com/subscribe/ or send emailto subscription@ceoinsightsasia.comMagazine Price is $50 per issuePublisher Alok ChaturvediPrinted and Published By Alok Chaturvedi on behalf of InfoConnect Web Technologies India Pvt. Ltd., and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Copyright © 2023 InfoConnect Web Technologies India Pvt. Ltd., All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.Designers Mrigank SharmaMohammed RafikVP - Sales & Marketing Amrit Kumar Singh Circulation Manager Magendran PerumalEditorialHima P.M. Keerthana Kantaraju P. Tejaswini Roopalatha H.
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