India’s commercial capital, Mumbai, is all set to host the country’s first ever 'Mining Start-up Summit' on May 29. The summit is being organised in collaboration with IIT Bombay. Focusing on innovation and technique, the summit will support and improve performance, safety, and autonomy in the field of mining and metallurgy.
Union Minister Pralhad Joshi will be inaugurating the summit, and Union Minister Raosaheb Patil Danve will be chairing the concluding session of the summit.
Leveraging the capabilities of India's start-up ecosystem
In a statement, the Ministry informed that more than 120 start-ups and 20 major industries will be participating in this summit. Moreover, it will be very beneficial for students and young professionals working in the fields of exploration, virtual reality, automation, drone technology, consultancy, etc. Earlier, Vivek Bharadwaj, Secretary, Ministry of Mines, said, “Start-ups can play a significant role in addressing the technological challenges faced by the mining sector of the country.”
Startups often bring fresh ideas and innovative technologies to the table. They can develop and deploy cutting-edge solutions specifically tailored for the mining industry. Startups can have various positive impacts in the mining sector. They can develop technologies to simplify the process for the mining industry by leveraging new technologies in exploration and mining and enhancing mining and mineral production in the country.
The summit provides an opportunity for both the government and startups in the field of mining and metallurgy to interact and find out how these start-ups equipped with different technologies can contribute to the activities of the mining sector.
Highlights of the summit
The Ministry informed that an exhibition displaying the advancement of technology in the mining sector will be organised. In addition, a technical session and a panel discussion with industries and academia, presentations by start-ups, and a brainstorming session will also be held.
Mining sector’s massive contribution to the economy
India’s mining sector has made a major contribution to its economic growth, employment generation, energy security, and industrial development. The sector supports a vast workforce engaged in various activities such as mining operations, exploration, processing, transportation, and related industries. Given the country’s massive mineral resources, it must harness their full potential. The summit organised by the government is a major step in that direction.
