a) India is a leading mineral producer globally endowed with a rich resource base of several major minerals and offers an unmatched business opportunity to both domestic and global companies. Government of India is actively engaged with various stakeholders to address specific challenges in policy, permits, clearances, licenses, land acquisition, infrastructure, funding, technology and environmental sustainability.
b) 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.
c) Against this background, Confederation of Indian Industry (CII) in association with the Ministry of Mines, Government of West Bengal and Coal India Ltd. organized a two day international conference ‘Global Mining Summit’ on
5-6 December 2012 alongside the four day ‘International Mining & Machinery Exhibition’ (IMME) from 5th to 8th December 2012.
d) The summit with the theme “Roadmap for Global Leadership” provided a platform to showcase best practices in technology, mine operations, equipments, logistics, material handling and beneficiation and other aspects that are required to make India a global leader in the mining sector. Sessions during the Summit focused on exploration, technology, policy frameworks and emerging business opportunities in the Indian mining and coal sectors.
e) USA was the Partner Country while Australia was the Focus Country at the event. With over 8,200 domestic and global visitors, 218 exhibitors, including 60 from overseas, 6 country pavilions by the USA, Australia, Germany, UK, China, Czech Republic, IMME 2012 set new benchmarks.
f) According to CII-McKinsey Report on the Mining sector released during the event, if the potential is tapped fully, the metals and mining sector can contribute to USD 150 Billion by 2020.
g) The summit helped to evolve a roadmap for the mining sector in India. The deliberations during the summit emphasized that the GDP contribution of the mining sector needs to be increased to 8% to accelerate economic development of the country. It was pointed out that need of the hour is to infuse state-of-the-art technology into the processes and equipment so as to make it future ready.
h) This sector can create as many as 13-15 million new jobs and in terms of tax revenues and other revenues to the Government and there is potential for as much as USD 50-70 billion worth of contribution.
i) It emerged out of the deliberations that India is well positioned to meet demand for iron ore, coal and copper =which are expected to be the main drivers of global CAPEX. The summit and exhibition helped to facilitate new investments into the sector.
j) Shri Partha Chatterjee, Minister-In-Charge, Commerce & Industry, IT, PE & IR and Parliamentary Affairs, Government of West Bengal and H E Wahidullah Shahrani, Minister of Mines & cluster coordinator for Economic & Infrastructure Development, Islamic Republic of Afghanistan inaugurated the Exhibition and Summit. During the Summit, Mr Chatterjee, announced that six new coal blocks have been identified for commercial production in West Bengal. He added that Kolkata will soon have a state of the art venue for International Trade Fairs.
k) H E Wahidullah Shahrani, invited Indian investors to explore the immense investment potential in Afghanistan. He said that India with a robust future growth prospect is going to be the largest consumer of mineral while Afghanistan with its rich mineral resource can turn out into a major source of raw material for India.
l) In his address Mr S K Srivastava, Secretary, Ministry of Coal, Government of India, emphasized the fact that private players will need to play a stronger role in the mining sector in the coming years and informed that Government will take all necessary steps for this.
m) Mr Mr S Narsingh Rao, CMD, Coal India Ltd emphasized the need to have a dedicated freight corridor for coal transportation in India. Mr Chandrajit Banerjee, Director General, CII shared the recommendations on Draft MMDR Bill 2011 and expressed confidence that Government will give due consideration to key issues.
n) Other key speakers during the Summit included Mr K D Diwan, CMD, Hindustan Copper Limited, Mr D N Prasad, Advisor, Ministry of Coal, Mr A Sundaramoorthy, Director General, Geological Survey of India,
Mr P Dwarakanath, Chairman and Managing Director, BEML Ltd., Mr Dean R Thompson, Consul General, Consulate General of the United States of America, Kolkata India.
o) The industry leaders who attended the meeting included Mr Louis de Leon, President, Mining Products Division, Caterpillar Inc, Mr V K Arora, Chairman, CII Mining & Construction Equipment Division and President-Coal Services, Karam Chand Thapar & Bros (CS) Ltd. and Mr R K Agrawal, Chairman CII Eastern Region and Managing Partner, S.R. Batliboi & Co.
p) The second day of the Summit featured a Buyer–Seller meet between mining companies and equipment manufacturers wherein the perspectives from major mining companies on future business plans and equipment requirements was shared.
CII organized the Global Mining Summit 2012 with theme Roadmap for Global Leadership on 5-6 December, 2012 at Kolkata.
India is a leading mineral producer globally endowed with a resource base of several major minerals like coal, iron ore, bauxite, etc. It offers an unmatched business opportunity to both domestic and global companies.
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.
As India gets ready to ramp up investments in the mining sector, the world mineral scenario is also witnessing significant changes. Government of India is actively engaged in policy dialogues taking policy liberalization process far beyond allowing 100% foreign direct investment in the sector. It needs to address specific challenges in policy, procedures for permits, clearances, licenses and land acquisition, infrastructure, funding, technology and environment.
The Confederation of Indian Industry (CII) organized the Global Mining Summit 2012 (GMS 2012) on 5 & 6 December, 2012 at Kolkata, India concurrently with the 11th International Mining and Machinery Exhibition - IMME 2012 scheduled from 5 to 8 December, 2012 at Kolkata, India in association with the Ministry of Mines, Coal and Steel, Government of India and Coal India Limited.
The Summit focused mainly on Exploration, Technology, Policy and regulatory frameworks, emerging business opportunities in the Indian Mining sector, discuss strategies to achieve high growth in mining, role of financial institutions for developing the mining sector, environment and safety issues and provide a platform for exchange of views, ideas and business linkages among the Indian and global participants.
You will get access to following Knowledge Resources by subscribing to the Digital
Library of this event.