BDB India is a Best Industrial Market Research

 

How to Explore your Industrial Business with the help of Industrial Market Research tells BDB

The expansion of the mining sector is crucial for the overall industrial development of a country since minerals are priceless natural resources that are crucial raw materials for key industries. India’s abundant deposits of numerous metallic and non-metallic minerals provide a solid foundation for the growth and development of the country’s mining sector. In terms of metallic minerals like bauxite, chromites, iron ore, as well as mineral fuels like coal and lignite, India is essentially self-sufficient. The sector has the potential to have a substantial impact on GDP growth, and foreign exchange profits, and provide end-use industries with a competitive edge by supplying vital raw materials at competitive prices, including those in the building, infrastructure, automotive, and electrical sectors, among others. The mining equipment and chemical used in the mining industry offers market participants the chance to explore ideas for accessibility and increased availability of mining equipment and chemicals. BDB India is a Best Industrial Market Research

 

Due to its advantageous position, export potential can grow along with the rapidly expanding Asian markets. According to estimates, there were 1,425 reporting mines in India as of FY22, of which 525 reported for metallic minerals and 720 reported for non-metallic minerals.

 

Production levels of significant minerals in February 2023 were as follows: Coal 861 lakh tonnes; Lignite 41 lakh tonnes; Petroleum (crude) 22 lakh tonnes; Bauxite 1995 thousand tonnes; Chromite 330 thousand tonnes; Copper conc. 9 thousand tonnes; Gold 9 kilograms; Iron ore 245 lakh tonnes; Manganese ore 278 thousand tonnes; Zinc concentration 144 thousand tonnes. The total amount of coal produced in India increased by around 22.6% to 893.08 MT in FY23 from 728.72 MT in FY19.

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