India

G Kishan Reddy invites global investor community to invest in India’s mining industry

Union Minister of Coal and Mines, G Kishan Reddy on Thursday invited the he global investor community to invest in the vast mining industry of the country, the Ministry of Mines stated in a release.

Attending the Ministerial Round Table of the Future Minerals Forum 2025 in Riyadh on 14 January 2025, which is being hosted by Saudi Arabia, the Union Minister said that the value addition in the entire supply chain is the key to greater prosperity for the people.

During his intervention, Reddy highlighted the importance attached by the Government of India to secure the availability of critical minerals required for the increasing capacities of clean energy systems to meet the country’s renewable energy targets.

On the sidelines of the Forum, Reddy met the Minister of Industry and Mineral Resources, Saudi Arabia, Mr. Bandar bin Ibrahim Alkhorayef. Shri Reddy engaged in wide ranging discussions and stressed on enhancing trade and investment relations between the two countries.

The Union Minister also met the Ministers of Brazil, Italy and Morocco separately during which he stressed upon the importance of economic and technical cooperation, especially in the minerals sector. Later, during the day, he interacted with the local Indian diaspora.

Today, the Union Minister attended the inaugural function of the Future Minerals Forum at the King Abdulaziz International Conference Centre, where exhibition by partner countries and global companies have also been organised.

Reddy visited the India pavilion, which has been put up by the Ministry of Mines with Coal India, GSI, NMDC, NALCO and MECL. The Union Minister is on an official visit to Riyadh, Saudi Arabia from 14 January 2025.

India is the 2nd largest Aluminium producer, 3rd largest lime producer and 4th largest iron ore producer in the world. Healthy growth in production of iron ore and limestone in FY 2023-24 reflect the robust demand conditions in the user industries viz. steel and cement.

Coupled with the high growth in Aluminium, these growth trends point towards strong economic activity in user sectors such as energy, infrastructure, construction, automotive and machinery.

ANI

Ani service

Recent Posts

India, Myanmar explore trade opportunities in pharmaceuticals, agriculture, petroleum

India and Myanmar on February 14, discussed possibilities in areas of pharmaceuticals, pulses & beans,…

1 day ago

Baloch National Movement’s protest in Germany exposes Pakistan’s genocide, human rights abuses in Balochistan

The Baloch National Movement (BNM) Germany Chapter, North Rhine-Westphalia (NRW) unit, organised a protest at…

1 day ago

China’s brutal assault on Tibetan Buddhism sees over 1,000 monks expelled from Larung Gar Academy

Chinese authorities have recently dealt a blow to the major hub of Tibetan Buddhist learning…

1 day ago

Japan, Singapore to sign MoUs with Assam at Advantage Assam 2.0: CM Sarma

The Assam government will sign two Memorandums of Understanding (MoUs) with Japan and Singapore during…

1 day ago

Navika Sagar Parikrama II: Sailing vessel INSV Tarini crosses Cape Horn located at southern tip of South America

In a historical feat, Lieutenant Commander Dilna K and Lieutenant Commander Roopa A, aboard INSV…

1 day ago

Ukraine’s Foreign Minister Sybiha thanks EAM Jaishankar for “meaningful meeting,” relies on India’s strong global voice

Ukrainian Minister of Foreign Affairs Andry Sybiha on Friday expressed gratitude to External Affairs Minister…

1 day ago