Metals & Mining Industry: All Set To Acquire A New Shine

Special Feature On Metals & Mining Industry

Steel production and consumption are regarded as indicators of economic progress and industrial development and the backbone of any economy. Mandar Wagh explains how being the world’s second-largest producer of crude steel, the reopening of the Chinese economy, the government’s focus on infrastructure and the initiatives taken all contribute to the sector’s growth 

Due to its abundant reserves of iron ore, manganese ore, bauxite, chromium and other mineral salts as well as its huge deposits of coal, lead, zinc, silver and gold, India is a natural powerhouse and one of the premier destinations for the metals and mining industry. States with significant mining activities include Andhra Pradesh, Jharkhand, Odisha, Rajasthan, Karnataka, Madhya Pradesh and Maharashtra. India’s strategic location allows for the development of export potential as well as rapid growth in the Asian markets. It provides competitive advantages to end-use sectors like building and infrastructure, automotive and electricity by supplying them with crucial raw materials at affordable pricing.