Key stats/initiatives shaping the mining sector's future
FDI Inflows
Over USD 25 billion invested in mining
PLI Scheme
USD 17.1 billion boost for specialty steel
Mining Stats
1,319 mines fueling growth
Exports
USD 3.9 billion mineral exports
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Largest producer of sponge iron
Second Largest crude steel and coal producer in the world
Fourth Largest in producer of zinc slabs
Fourth Largest of iron in FY 2022 producing about 200 mn tonnes every year and accounts for 9.6% of total iron are produced around the globe
USD 25+ bn in FDI inflows in the sector
USD 17.1 bn Production linked Incentive (PLI) Scheme in speciality steel
The mining and quarrying sector accounted for about 2.4% of GVA
1,319 mines (excluding atomic, fuel, and minor minerals), of which reporting mines for metallic minerals were estimated at 545 and non-metallic minerals at 774
Total value of export of MCDR minerals in FY 2023 was USD 3.9 bn
World's second largest coal producer, and the sixth largest mica and bauxite producer
Third largest lime producer and fourth largest iron ore producer in the world
The index of mineral production for FY 2024 was higher than that of FY 2023 by 7.5%