The Association Chambers of Commerce and Industry (ASSOCHAM) hosted Indian Mining and Minerals Conclave & Business Excellence Awards 2023 on 30 June in Kolkata. The Indian Mining & Minerals Conclave served as a platform for the senior government officials, top industry leaders, MSMEs, Startups, etc. from the mining sector to discuss policies, practices, business developments, management strategies, etc. to strengthen the entire ecosystem of minerals and mining, including the mining machinery manufacturing business. ASSOCHAM & ICRA jointly released a knowledge report on the industry.
Eminent dignitaries & speakers such as Shri Anurag Srivastava, IAS, Secretary, Department of Industry Commerce & Enterprises, Govt. of West Bengal, Mr. Arun Kumar Shukla, Chairman & Managing Director, Hindustan Copper Ltd., Mr. Sanjeev Kumar Singh, Director(Mining), Hindustan Copper Ltd., Mr. Ritabrata Ghosh, Vice President & Sector Head, Corporate Sector Rating, ICRA Limited, Mr. Sunil Chaturvedi, Group Chairman, Gainwell Commosales Pvt. Ltd., Mr. Sanjiv Ganeriwala, Jt. Managing Director, Maheshwari Mining Pvt. Ltd., Mr. Soham Misra, Chairman, ASSOCHAM Iron & Steel Sub Council East was present to enlighten the audience.
The minerals and mining industry, since inception, has always been the core hub for industrialization and economic development of any country. As of FY 22, mineral production was estimated at Rs.1,90,392 crore (US$ 24.95 billion) and the number of reporting mines were 1425 approx. which handles a significant production of metallic and non-metallic minerals as well as mineral fuels. The FDI inflow in the mining sector as of FY 22 is US$ 3.40 billion approx. and coal production is US$ 27.73 million approx.
“Bengal contributes one third of all mining productions in India” said Shri Anurag Srivastava, IAS, Secretary, Department of Industry Commerce Enterprises, Government of West Bengal, while addressing the gathering in the Conclave.
Mrs. Perminder Jeet Kaur, Senior Director, ASSOCHAM East and North East said, “Critical minerals are offering new range of opportunities globally”. She also said, “ASSOCHAM meet in partnership with the state is to highlight opportunities that Bengal and Eastern Region offers in this sector, in terms of prospects ranging from exploration to infrastructure development.”
Chief Guest, Shri Anurag Srivastava, IAS, Secretary, Department of Industry Commerce Enterprises, Govt. of West Bengal, said “Bengal stands one fifth in India’s total mineral reserve. The Deocha Pachami coal block will soon be operational and is Asia’s biggest. He also shared information with regard to Oil sector, and state plans of development. With the rapid infrastructural development of gas pipelines in the state, our city will soon have 38 lakh PNG connections,”.
Mr. Arun Kumar Shukla, Chairman & Managing Director, Hindustan Copper Ltd., said, “About 95 minerals are mined in India. In FY 21-22, total mineral export in India was 2.6 lakh crore & import was 15.5lakh crore. Since 2015, Governments have allocated about 133 coal blocks in India and we are expecting an additional 500 million tons of output.”
In his welcome address, Mr Soham Mishra, Iron and Steel Council of Eastern region said, “Technological advancements have transformed the mining and metals sector, revolutionizing exploration techniques, mitigating risks, and enhancing operational efficiency, there is more that can be achieved.”
The Government and industry stakeholders are always on a continuous endeavor to develop the mining fraternity to make it more productive, safer, encourage further innovation and make it more sustainable for the future as mining has always been the epicenter for industrial development and growth at national and international level.
On the occasion of the Minerals and Mining Conclave, ASSOCHAM organized The Business Excellence Awards to acknowledge and celebrate the achievements of Corporates and MSMEs (including Startups) and the Best Business practices followed by them, leading to business transformation and sustainability. The Business Excellence Awards are the highest recognition, which has a significant and positive impact.