Adv
LANGUAGES
English
Hindi
Spanish
French
German
Chinese_Simplified
Chinese_Traditional
Japanese
Russian
Arabic
Portuguese
Bengali
Italian
Dutch
Greek
Korean
Turkish
Vietnamese
Hebrew
Polish
Ukrainian
Indonesian
Thai
Swedish
Romanian
Hungarian
Czech
Finnish
Danish
Filipino
Malay
Swahili
Tamil
Telugu
Gujarati
Marathi
Kannada
Malayalam
Punjabi
Urdu
21 NOVEMBER 2016 AL CIRCLE

The FY 2016 saw 27% growth in bauxite mining in India: Ministry of Mines

EDITED BY : BEETHIKA BISWAS 2MINS READ

The Indian Mining and Machinery Exhibition organised by CII in Kolkata, India came to an end on November 19 2016. The exhibition reflected the positive growth being observed in the mining sector in India.

Balvinder Kumar, secretary ministry of mines said on the context of the exhibition said that, the Indian mining sector is on a growth track and the sector is expected to increase the country’s GDP by 1% in FY 17. According to the latest statistics, the country’s mining sector grew 9% last year and this year it is expected to grow at a higher rate.

“We expect that mining sector will be able to expand the country’s GDP by 1%,” Kumar said.

News
The mining industry contributes 2.2% to 2.5% of India’s overall GDP and around 10% to 11%.of the GDP of the industrial sector. Mr Kumar said that during FY 2016, chromite mining grew 35 and it was followed by 27% growth in bauxite mining, while iron ore mining grew 21%. In the first seven months of this fiscal year, productions of all minerals have shown a growth trend.

{googleAdsense}

The mine secretary said that out of the 65 coal blocks that were auctioned, auction of 47 blocks were annulled for problems related to land acquisition, reserves and sales price. Those 47 blocks will be put to auction once again to keep the process rolling.

He said the government has earned INR 70,000 crore by auctioning 18 blocks and INR 40,000 crore is expected to be earned from the upcoming auctions. Kumar said that 40-50 blocks might be offered for auction of which 15 blocks are from Karnataka. India holds a strong position in metal industry due to the availability of metallurgical grade bauxite and coal and the recently upgraded MMDR act is bringing about a welcoming change to the mining situation.


Adv
Adv
Adv
Adv
Adv
Adv
Adv
EDITED BY : BEETHIKA BISWAS 2MINS READ

Responses

Adv
Adv
Adv
Loading...
Adv
Adv
Adv
Loading...
Reports VIEW ALL
Loading...
Loading...
Business Leads VIEW ON AL BIZ
Loading...
Adv
Adv
Would you like to be
featured with us?
Loading...

AL Circle: Aluminium Ecosystem App

A proud
ASI member
© 2026 AL Circle. All rights reserved. AL Circle is not responsible for content from external sources.