Embassy of India

Hungary and Bosnia & Herzegovina

THE EVENT

The Indian mining sector plays a pivotal role in the country's  infrastructure and economy. Globally, India ranks 2nd in Chromite, 3rd  in Coal & Lignite and Bauxite, 4th in Iron ore and 5th in Manganese.  The future of the mining sector lies in laying emphasis on scientific  mining so that state of the art technology is used for exploration,  efficiencies are realized, clean technologies and safe mining practices  are adopted with adequate supporting infrastructure.

India was estimated to have spent $14 billion on coal imports last  fiscal year and that figure is likely to rise to $25 billion by 2016/17.  This combined with factors like the widening Current Account Deficit,  depreciation of the Indian currency , and need for enhancing  infrastructure for bringing back growth in the economy  has made sure  that the Government has introduced a slew of measures to facilitate /  enhance mining  in India. These are

• Easing environmental clearance norms for expanding coal mines to help the crippling fuel scarcity in the  power sector.
• Coal blocks auction 
• Cabinet Committee on Investment to fast track project clearances.
• Inviting Private sector participation in Coal India Limited for developing 13 greenfield projects with a 65  million tonne annual capacity.

Future of the mining industry in India

  Despite the slowdown, India is still the second-fastest growing economy, after China.

• Demand for minerals, as well as for mining services, is robust in the country.
• Mining in India is becoming more structured, and companies have  started outsourcing part of the project to mining service companies.
• The largest mining company in India, i.e., Coal India Limited (CIL),  plans to invest around INR254 billion during the Twelfth FYP (2012-17).
• Contract mining could prove to be a solution to the on-going current coal deficit in country.
• As the industry focuses on adapting international levels of technology, there exists untapped potential in the  Indian mining equipment sector.

IMME 2018 - To Feature

•  4 Days International Exhibition
•  2 Days Global Mining Summit with 1000+ Delegates
• 400+ Exhibitors
• 10000+ Business Visitors
• 80000 Sqm Exhibition Display Area
•  Country Pavilions from Australia, Canada, China, Czech Republic, Germany, Indonesia, Italy, Poland, Russia, Ukraine, UK and USA
• B2B Networking forums for Exhibitors & Visitors
• Participation from Major Indian & International Companies, Government, PSU's, Nodal Agencies, Media and others.

Confederation of Indian Industry (CII), India's Premier Business  Association is organizing the 14th International Mining and Machinery  Exhibition (IMME), the Largest Trade Fair dedicated to the mining  industry, in India from October 31^st, 1 to 3 November 2018, Eco Park, Rajarhat, Kolkata, India.

For more information please visit the website: http://www.immeindia.in