| | APRIL 20234Odisha has hit the jackpot! Recent surveys by the Geological Survey of India (GSI) have found gold deposits in three districts of Odisha. State Steel and Mines Minister Prafulla Mallik said the gold reserves were found in Deogarh, Keonjhar, and Mayurbhanj. After confirming lithium reserves in Jammu and Kashmir last month, the indication of gold reserves in Odisha is an important achievement for the country. As of 2022, India is home to around 1,245 reporting mines. While 525 of these are reporting mines for metallic minerals, the rest, about 720, are mining non-metallic minerals. India also has around 914 steel plants producing crude steel. In FY22, mineral production is estimated at Rs.190,392 crore ($ 24.95 billion). According to IBEF, India's crude steel production stood at 71.3 MT in FY23 (until October 2022).The sudden rise in infrastructure development and automotive manufacturing has been a solid tailwind for the mining industry. The increasing demand from the power and cement industries is also playing its part. Given the infrastructure development roadmap of our country, it's beyond any reasonable doubt that the consumer demand for iron and steel will continue. In November 2022, the government removed export duties on steel and stainless steel to strengthen the nation's steel sector and allow it to establish its position in the global market firmly. But to leverage these opportunities, the mining organizations need to act smart. It's imperative that they leverage everything from smart mining concepts and improving safety using drones to digitization and automation. Sujith VasudevanManaging Editoreditor@ceoinsightsindia.comGold Mine of Challenges & Opportunities EditorialVol 04 · Issue 5 - 1 · APRIL, 2023 Publisher Alok Chaturvedi Managing Editor Sujith Vasudevan Senior Designer Girisha MNoidaRohit Raghubanshi Garima Anandadvertise@ceoinsightsindia.comEditorial queries editor@ceoinsightsindia.comAdvertising ManagersNilesh Singh 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. Visualizer Asokan S.V Vayshnavi P.d VP - Sales & Marketing Amrit SinghCirculation Manager Magendran Perumal Editorial Heena Kousar Keerthana Kantharaj Roopalatha H Hima P. M
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