India’s Metals & Mining sector, valued at ₹17.5 trillion in 2023-24, plays a crucial role in the country’s industrial development. As one of the largest producers of minerals, the sector is essential to infrastructure, manufacturing, and energy production.
Why Invest in the Metals & Mining Sector
- Rich Resource Base: India has abundant reserves of key minerals like coal, iron ore, and bauxite.
- Government Support: Initiatives such as the National Mineral Policy and the PLI Scheme for Mining boost sector growth.
- Infrastructure Growth: The demand for metals is fueled by infrastructure projects and the automotive, construction, and energy sectors.
Incentives & Schemes
- National Mineral Policy: Aims to encourage sustainable mining practices and attract foreign investment.
- PLI Scheme for Mining: ₹12,000 crore allocated for the promotion of the mining and metals industry.
- FDI Policy: 100% FDI allowed in the mining and metal sector under the automatic route.
Highlights
- Production Capacity: India is the world’s second-largest producer of coal and the fourth-largest producer of iron ore.
- Export Growth: Metal exports, particularly iron ore and steel, have surged, contributing significantly to the economy.
- Employment: The sector provides direct and indirect employment to over 7 million people.
Metals & Mining Sector Data
| Category |
Details |
| Market Size (2023-24) |
₹17.5 trillion |
| Coal Production |
850 million tons (2023) |
| Iron Ore Production |
210 million tons (2023) |
| PLI Scheme Allocation |
₹12,000 crore |
| FDI in Mining |
$10 billion since 2000 |
| Steel Production |
120 million tons (2023) |
| Exports (Iron Ore & Steel) |
$30 billion (2023) |
| CAGR of Mining & Metals |
6.5% (2024-2030) |
| Employment |
7 million people |
| Mining Companies |
150+ major mining companies in India |
