3rd VDMA Mining Management Web-Meeting India
India has chosen to use coal mining and power generation to revive Indian economy post covid. India is the only country which is going to almost double coal production in next 3-4 years. Further the commercial coal production will make India self-sufficient and bring down its import bill.
11 new blocks have been added to the list of mines planned to be offered for the second tranche of the commercial coal auctions. With the new additions, as many as 75 mines with reserves of about 38,000 million tonnes (MT) of the fuel, will tentatively be offered for commercial mining without any end-use restrictions. Out of the 3.4 lakh MT of total coal reserve in the country, state-run Coal India owns blocks with combined reserves of 60,000 MT.
100% FDI being allowed in mining would be an incentive for foreign companies to set up their shops here. Hence right time for German companies to look at India.
VDMA Mining and VDMA - India together organised the VDMA Mining Management Web-meeting INDIA on 19th May 2021, which dealt with the current situation in the mining sector in India.
VDMA Mining Chairman, Mr. Gerd Knapwurst presided the meeting. After the welcome address from Mr. Rajesh Nath, Managing Director, VDMA India, Mrs. Nandini Chakravarty, Co- Chair, Confederation of Indian Industry (CII) - MCED Division and MD, Mineline made a special address talking about the current challenges and opportunities in the sector post Covid19.
Mr. Pukhraj Sethiya, AVP & Head - Mining, Adani Enterprises Ltd. gave a good overview of Indian coal industry, commercial mining and its future. Followed by a presentation from Mr. Klaus Stöckmann, Dy. Managing Director, VDMA Mining on the mining machinery industry in Germany and globally. In the end, Mr. Ajmal Fawad informed the members about the latest and upcoming activities of VDMA in India.
We had more than 40 members participating both from India and Germany.