Ranchi, Jan. 18: India’s mining industry set to reach $36 billion to open up commercial coal mining to private companies with the aim of shifting the world’s third largest coal importer towards energy self-sufficiency.
A mega conference, the 6th International Mining, Exploration, Mineral Processing Technology, Metals & Machinery Exhibition, is scheduled from February 24 –27 at the Eco Park, New Town, Rajarhat, Kolkata, with this aim.
The event is being organized by TAFCON – a professionally managed company with over six decades of experience and expertise in organizing international a trade fairs and conferences in India and overseas, along with the Mining, Geological & Metallurgical Institute of India (MGMI), the oldest institute of its kind in Asia, which has been promoting the cause of the mineral industry since its inception in January 1906.
According to a press communiqué issued by the organizers, the conference is being hosted by the Mining, Geological & Metallurgical Institute of India in collaboration with TAFCON. The conference will have over 300 exhibitors, 600 delegates, with the participation of over 30 countries. It is expected to attract 10,000 visitors from all over the world. The event is supported by the Union Ministries of Coal, Mines, Steel, Power, Heavy Industries, External Affairs, Government of India and Coal India Ltd.
The country hosts a wide range of globally significant mineral resources, including four fuel minerals, 11 metallic minerals, 22 minor minerals, and 52 non-metallic minerals With foreign direct investment in the mining sector for all non-atomic and non-fuel minerals being fully opened up to 100 percent through the automatic route, including for diamonds and precious stones, the mining sector is in the right place to create considerable global interest.
Some of the leading participants at the upcoming conference include Andritz Separation, Belazenrika Mining Equipments and Services, Bray Controls, China Coal Overseas Development, Grindwell Norton, Hamon Research Cottrell, Henkel Adhesive Technologies to mention a few.
IME 2016 will focus on an unprecedented display of mining, minerals, machinery and metallurgical latest technologies and their innovative applications, research & development, logistics, safety and health aspects of the mining and allied industries.
There will also be high-level trade delegations US, Australia, China, and the Czech Republic. “One of the bright spots in the mining industry scenario is the fact that an increasing number of Indian companies are venturing overseas to secure stable, long¬ term supplies of minerals like coal and iron ore,” IP Wadhwa, Managing Worker of Tafcon, said in Ranchi.
“The large-scale conference will have the participation of leading mining equipment and machinery manufacturers from across the world. It will be the ideal platform for displaying and launching new initiatives in the mining sector, as well as showcasing products and technologies, establishing JVs, developing and renewing international and regional contacts,” he said.
The event is designed to provide business opportunities to the stakeholders of Mining and allied industry, to showcase their technologies, new initiatives, products and services, a unique platform for entrepreneurs, decision makers, bureaucrats, investors, industry leaders, equipment suppliers, miners, engineers and trade delegates to congregate, brain storm, showcase and forge meaningful partnerships.
Concurrently, 6th Asian Mining Congress, with theme “Resurgence of Mineral Industry in Asia” will be organized by MGMI at Hotel Hyatt Regency, Kolkata, during February 24-26. About 10 technical sessions and over 60 presentations from India and overseas will be the highlight of the event.
It will be attended by eminent experts and dignitaries of the world mining community as well as their counterparts in India. The new Mining Policy also seeks to develop a sustainable framework for optimum utilization of the country’s natural mineral resources for the industrial growth in the country.