Metals & Mining

India is home to 1,531 operating mines and produces 95 minerals – 4 fuel-related minerals, 10 metallic minerals, 23 non-metallic minerals, 3 atomic minerals and 55 minor minerals.  India is the 2^nd largest producer of coal. Coal production grew at CAGR 4.6% over FY14-FY19 (to 730.35 MT) and is expected to grow 6-7% Y-o-Y over FY20 as miners focus on the surface mining of coal.  Coal’s share in India’s primary energy consumption is expected to be 48% in 2040.  India is the 2^nd largest crude steel producer in the world, generating an output of 106.5 MT in 2018, a growth of 3.7% Y-o-Y. India’s steel consumption rose 7.5% Y-o-Y and 7.9% Y-o-Y over the last 2 years, outpacing a 2.1% to 5% growth globally. 

• Over 2030-31, crude steel demand/production forecasted to reach 255 MT
• Per capita finished steel consumption also expected to rise to 158 kg by 2030-31 (from 74.1 kg in 2018)

The country’s FDI Policy allows:

100% FDI through automatic route in the steel and mining sectors

100% FDI for coal and lignite under automatic route

For further details, please refer FDI Policy