Abundant reserves and growing demand to drive Mining Industry in India, finds Netscribes
Netscribes (India) Pvt. Ltd. launches a report on the Mining Industry in India 2011 as part of Netscribes’ Manufacturing Industry Series.
The report begins with the market overview section that gives an insight into the global mining scenario and the total world exploration budget. The country-wise and sector-wise share of the global mining exploration budget is also included. The overview of the mining industry in India along with the growth in mineral production and share of minerals is provided. The share of mineral production, both state-wise and sector-wise follows next. It moves on to provide insights into the mining scenario in India including the number of mines, along with the economic impact of mining and its contribution to the total GDP in India. The status of mineral reserves in India and the quality of minerals in India is also included in this section. Additionally, mineral exports and imports of India have also been covered, both in terms of value and volume. Imports of minerals have grown rapidly in the recent past and are much higher than mineral exports.
This is followed by a section on the mining scenario in India which is split into two parts, the first part consisting of the mining and metal scenario beginning with a geographical distribution of selected minerals in different parts of the country. The section proceeds with an overview, various exploration activities and future outlook of minerals such as bauxite, coal, copper, gold, iron ore, mica, petroleum and natural gas, silver, and zinc. The production in terms of value and volume, along with the exports and imports of each mineral is also provided in this section. The second part of the section gives a brief outlook of the various minerals and their performance indicators across the states of Andhra Pradesh, Chattisgarh, Gujarat, Jharkhand, Karnataka, Maharashtra, Orissa and Rajasthan.
An analysis of the drivers and challenges explains the factors leading to the growth of the industry including abundant mineral reserves, ample exploration opportunities which can be tapped by players, increasing investment potential, growing demand from other sectors and government concessions. The key challenges identified are lack of mining infrastructure, lack of support to exploration activities and environmental degradation.
The government regulations have been highlighted and include legislation framework, Ministry of Mines, National Mineral Policy 2008, mineral concessions and FDI policy. Rise in illegal mining activities have been covered and measures adopted by the government have also been included.
The competition section provides an overview of the competitive landscape in the industry and includes a detailed profile of the major players in the industry. The report concludes with a section on strategic recommendations which comprises of an analysis of the growth strategies of the mining industry in India.
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