Date | 23rd Aug 2022:
The dignitaries releasing the souvenir
Roadmap for Vision 2047 detailed out on Day One
India’s mining major NMDC in association with FICCI is organizing a two-day conference on Indian minerals and metal industry on the theme ‘Transition Towards 2030 and Vision 2047’ on August 23 and 24 at Taj Palace, Diplomatic Enclave, New Delhi.
The conference was organised to commemorate 75 years of India’s independence as part of Azadi Ka Amrit Mahotsav in collaboration with the Ministry of Steel and the Ministry of Mines. The key objective of the event was to deliberate on the roadmap for the minerals and metal industry to achieve Vision 2047. The program was attended by speakers from across industry, policy and academia. Participating organisations included global and domestic producers in the mineral industry, mine equipment manufacturers, global corporates and government organisations.
Pralhad Joshi, Minister of Parliamentary Affairs, Coal and Mines was the Chief Guest while Jyotiraditya M. Scindia, Minister of Civil Aviation and Steel graced the occasion as the Guest of Honour. Sumit Deb, CMD, NMDC; Sanjiv Mehta, President, FICCI; and DK Mohanty, Director Production were also present in the inaugural session.
In his Inaugural Address, Joshi said, “As a result of reforms in the MMDR Act, 190 blocks of various major minerals have been successfully auctioned in the last 7 years and in this fiscal year alone, we have auctioned 36 mineral blocks. The upcoming amendments in the MMDR Act will further simplify the system, make it more attractive for businesses, lay thrust on mineral exploration and increase mineral production in the country. We are transitioning to reduce imports by 2030 and become AatmaNirbhar by 2047.”
Jyotiraditya M. Scindia mentioned that India is the second largest producer as well as consumer of steel. He added, “We have emerged as a force to reckon with in the global steel landscape. The National Steel Policy 2017 aims to increase the focus on capacity building, production enhancement, expansion of MSME sector, raw material security improvement, import dependency reduction and improvement in logistics and infrastructure of steelmaking. Technology would be the focus area over the next decade, facilitating production of value-added steel for domestic consumption as well as enhanced exports.”
Talking about NMDC’s contribution to nation building, Sumit Deb, CMD, NMDC said, “NMDC is at the forefront of iron ore production in India. In FY22, the total production of iron ore was more than 42 million tons, which is the highest among all iron ore producers and miners in India. NMDC’s vision reverberates with the vision of National Steel Policy as it aims to augment annual iron ore production capacity to 67 MnT by 2025 and 100 MnT by 2030. To achieve the same, we continue to aggressively pursue our initiatives to augment capacity and upgrade operations across our mines with state-of-the-art technology.”
D K Mohanty, Director Production, NMDC added, “With the highest ever overall performance in key areas – production, exploration, and turnover, NMDC is bullish on its growth, expansion and diversification plans for the decade ahead. Supported by the government measures and reforms, the future of the Indian Minerals and Metals Industry looks bright.” He also thanked the dignitaries, speakers and the organisers for being a part of the event.
The event commenced with welcome remarks from Sanjiv Mehta, President, FICCI. “Minerals and metals play a key role in the industrialisation of the economy. The mining industry contributes approximately 2 per cent to India’s GDP and every 1 per cent incremental growth of mining and quarrying has a corresponding effect of 1.2 per cent to 1.4 per cent incremental growth rate of industrial production which in turn could contribute to about 0.3 per cent percent to India’s GDP growth rate.”
The sessions on Day 2 of the conference would include ‘Technological Innovations in the mineral industry’ and ‘Enabling Factors facilitating growth in the Minerals and Metals sector’.
The NMDC, FICCI International conference concludes on positive notes on 24th of August, 2022
The guests at the valedictory session
India’s mining major NMDC in association with FICCI organised a two-day conference on Indian minerals and metal industry on the theme ‘Transition Towards 2030 & Vision 2047’ on 23rd August and 24th August at Taj Palace, Diplomatic Enclave, New Delhi, the Valedictory Session of which, was concluded today.
Celebrating 75 years of India’s independence as part of Azadi Ka Amrit Mahotsav, theinternational conference was organised in collaboration with the Ministry of Steel and the Ministry of Mines. The key objective of the event was to deliberate on the roadmap for the minerals and metal industry to achieve Vision 2047.
Minister of State for Steel and Rural Development Faggan Singh Kulaste was the chief guest at the valedictory function. Steel Secretary Sanjay Kumar Singh (IAS), NMDC CMD Sumit Deb, FICCI Director General Arun Chawla, NITI Aayog Advisor Kundan Kumar, Chief Economist Aditya Birla Group Dr Ila Patnaik and Vedanta Group CEO and Whole Time Director Sunil Duggal were also present.
NMDC’s Directors – Amitava Mukherjee, Director (Finance) and Dilip Kumar Mohanty, Director (Production) were present on both days of the conference.
Kulaste said, “The conference is a good medium for participating organisations to explore innovative ways and means to make India self-reliant in its minerals and metals sector. These deliberations are significant steps towards Transition 2030 and Vision 2047 and as we move ahead with a commitment of progress, I encourage and lay emphasis on accelerating exports of our resource-rich precious metals.”
Sanjay Kumar Singh, IAS said, “We must ask ourselves what trends and projections we see in the steel sector 25 years from now and tread on that growth trajectory of the industry by increasing our per capita consumption. Increasing the consumption will lead to an increase in the recycling of scrap metal, thereby creating a circular economy. This is especially important as we explore technologies to decarbonise using carbon capture technology and increase efficiency.”
Commenting on the future way for NMDC, Sumit Deb, CMD, NMDC said, “The demand for iron and steel is on the rise and its boom is expected in the next few years. As technology advances faster than ever before, the manufacturing industry will require raw materials to sustain its growth which implies that the opportunities for the sector are vast in the years ahead. New age minerals are finding increased traction and while the future seems promising, we must reflect on the enlightening conversations by our distinguished speakers around economic, social and environmental implications of transitioning to the fossil fuel economy and gear up for 2030 and 2047. I thank all the Ministers, dignitaries, speakers, experts for giving us deliberations and actionable outcomes for the future and our co-organisers FICCI for making this conference a grand success.”
Sunil Duggal, Whole Time Director and CEO, Vedanta Group, said, “India is hugely dependent on import of natural resources. With commodity prices going up, our main aim should be to secure strategic critical minerals and energy.”
Giving insights from a macroeconomic perspective, Dr. Ila Patnaik, Chief Economist, Aditya Birla Group said, “The next decade will be a phase where India will look forward to a step in economic performance and growth. As the Indian economy aims to cross the $5 trillion mark, this sector has a lot to contribute to and gain from India’s rapid development.”
Kundan Kumar, Advisor, NITI Ayog marked the relevance of Azadi ka Amrit Mahotsav as we move towards Amrit Kaal. “Development of critical minerals is crucial to promote growth of the nation to shift to renewable energy and adopt advanced technology in manufacturing. We should explore opportunities available overseas to secure stable long-term supply of minerals.”
The technical sessions of the program included insights on Industry Vision 2047, Global Landscape for Minerals & Metals Industries, New-Age Minerals: Demand-Supply-Trade Scenario, Technological Innovations and Enabling Factors facilitating Growth in Indian Minerals and Metals Sector. Speakers gave insights from across industry, policy and academia.
(Source: https://newsriveting.com/)
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