| | OCTOBER 20234The mining industry in India is booming. The GSI has discovered gold deposits in three Odisha districts after finding 5.9 million tonnes of lithium reserves in Jammu and Kashmir. Moreover, the Union Cabinet has passed amendments to the Mines and Minerals (Development and Regulation) Act to enable commercial mining of lithium, Titanium, and four other minerals. Lithium and its compounds are used for various industrial purposes, such as making glass and ceramics that can resist heat and producing steel and aluminum, and lithium-ion batteries. Titanium is a low-density metal that can endure high and low temperatures, which makes it suitable for aircraft, spacecraft, and missiles. India has about 1,245 mines that report their activities. Out of these, 525 mines produce metallic minerals, while the other 720 mines produce non-metallic minerals. India also has around 914 plants that make crude steel. IBEF reports that India's crude steel output was 71.3 MT in FY23 (till October 2022)The mining industry has benefited from the rapid growth in the infrastructure and automotive sectors. The power and cement sectors also contribute to the rising demand. The country's plan for infrastructure development assures that the need for iron and steel will persist. The government abolished export duties on steel and stainless steel in November 2022 to boost the steel sector and help it compete globally. The mining organizations have to be smart to take advantage of these opportunities. They have to use everything from smart mining concepts and drones for safety to digitization and automation.Sujith VasudevanManaging Editoreditor@ceoinsightsindia.comMining New Opportunities Vol 04 · Issue 5 - 1 ·OCTOBER, 2023 Publisher Alok Chaturvedi Managing Editor Sujith Vasudevan NoidaRohit Raghubanshi Garima Anandadvertise@ceoinsightsindia.comEditorial queries editor@ceoinsightsindia.comAdvertising ManagersSatyarth Lashkari To subscribeVisit https://www.ceoinsightsindia.com/subscribe/ or send emailto subscription@ceoinsightsindia.comMagazine Price is Rs. 150 per issuePublisher Alok ChaturvediPrinted and Published By Alok Chaturvedi on behalf of Info Connect Web Technolo-gies India Pvt. Ltd., and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Copyright © 2023 Info Connect Web Technologies India Pvt. Ltd., All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher. Senior Designer Girish M Designer Hari Shankar P AVP - Sales & Marketing Amrit SinghCirculation Manager Magendran Perumal Editorial Team Hima P. M. Roshan Akthar P. Tejaswini Keerthana Kantharaj Roopalatha HEditorial
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