'Employment in the Indian Mining & Minerals Industry'

Employment in the Indian Mining & Minerals Industry

By William at 06/13/07 05:47

The metallurgical and mineral industries provide the basic raw material for industrial development. India which is a country with vast geographical diversities that provides a variety of mineral and metal resources. India has known deposits of about and over 2000 minerals, and currently produces about 90 minerals including metallic, non-metallic and fuel, and also some 20 minor minerals. The country's mineral sector at the present operating over 3300 active mines producing coal, iron ore, limestone, lignite, bauxite, copper, lead, zinc, etc.

The production per year is to about 650 million tonnes contributing a whopping Rs 60,000 crores to the national economy. The sector also employs 290 million workers in the organized and unorganized sectors together.

Apart from this, about 70 million workers are indirectly employed depending on mineral industry. The government has introduced various mineral and mining policy resolutions including the Minerals and Metals (Research and Development) Act to provide adequate guidelines for the sustainable development of Indian mining industry.

The scope of this industry provides an important support to the economy and is of strategic importance to every country. The mining sector in India has reached a high level of development but it still has a lot of unutilized potential. Owing to the use of various outdated technology, Indian companies are unable to explore and exploit many reserves. The current mining technology and practices being used allow mining only to a depth of 300 meters, which means that 25% of the reserves of India still remain unexploited. There are opportunities for discoveries of sub-surface deposits with the application of various modern techniques and processes.

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