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$300-billion investment in mining in eastern India
Our Bureau
Kolkata, Nov. 6
A whopping $300 billion is being invested in metals and mining sectors in eastern India in next few years, which is six times the total investments made since Independence, according to a press release issued on the occasion of the forthcoming Metals Minerals Manufacturing Expo to be held here from November 14 by the Indian Institute of Metals (IIM).
The bulk of the investments will be in Orissa and Jharkhand followed by Chhattisgarh and West Bengal. This, it is estimated, will create steel making capacity of 240 million tonnes, nearly five times the country’s present capacity. The investments will be in both greenfield and brownfield projects.
Metallurgists’ Day
IIM’s 47th National Metallurgists’ Day and 63rd Annual Technical Meeting and Symposium will be held concurrently with Metals Minerals Manufacturing Expo which will showcase varieties of metals and minerals production technologies, automation breakthroughs, latest international processes, equipment and tools.
More than 40 foreign trade delegations will participate in the exhibition. Australia, Austria, Belgium, China, France, Germany, Greece, Italy, Malaysia, Mexico, Pakistan, Russia, Singapore, South Africa, South Korea, Spain, Sweden, the UK and the US will participate in the expo, the release adds.
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