Business Guide | Israel-India 2022

bodies etc – all of these factors should be dealt with. Recognising the importance of bringing sustainability in coal mining, a “Sustainable Development Cell” has been created in theMinistry of Coal and inall coalPSUs topromote adoption of better environment management practices in coal mines. India's commitment to the Paris Agreement entails the requirement of crucialminerals for the transition to a lower-carbon economy. Depletion of mineral reserves is an issue of concern already. In June 2020 , Government launched coal auctions for commercial coal miningwhich once again triggered the debate around transition to clean energy. National Mineral Exploration Policy 2019 was aimed to have an effective, meaningful and implementable policy which will promote transparency, better regulation and enforcement, as well as balanced social and economic growth. In short, sustainablemining practices were given a boost. Another piece of legislation, namely the NMP 2019 , was formed in order to attract private investment through various incentiveswhilemaking efforts tomaintain a database of mineral resources and tenements. Therehas beenanotable turnaroundever sinceGovernment has taken the initiative in policy reforms. What Are the Needs of Indian Miners Since the mining sector comprises of hundreds of small tomediummining businesses, opportunities lie ahead for a tech- oriented firm that wouldmanage to fit in and offer relevant servives and systems, such as: ●● Equipment based services – sales, leasing, repairs etc. ●● TransportationServices – of both heavy tools andworkers ●● Drilling Services ●● Consulting Business - HR recruitment, financial or project consulting ●● Technological Services – equipment, software, or data mining ●● Other services include, for example, waste management, medical services, brokerage, risk assessment services, security and more. How Can Israeli Tech Fit In? Israeli experience has been accumulated for decades - from extractingDeadSeaminerals to theworld-renowned local diamond industry - gives Israeli companies the know-how to aid Indian mining companies. Israeli start-ups could provide a vast range of advanced tools and abilities, to name just a few: advanced drones, autonomous haulage trucks, self-cleaningwater filtration, sensors and inspection tools and hyper-spectral imaging. Israeli abilities in business and finance related software could complete the picture perfectly. Harnessing the Israeli top-tear research abilities, technological ingenuity, industrial knowhow, andhuman capital, couldhave valuable impact on the key Indian sector of mining. Statistics ●● Miningaccounts for 14 %of total industrial output in India. ●● In 2019 , India was the 4 th largest world producer of iron ore; 4 th largest worldwide producer of chromium; 5 th largest world producer of bauxite and of zinc; and the 7 th largest producer of manganese, lead and sulfur in the world. ●● India’s total coal production increased by 6 . 74 % to 74 . 78 mn tonne (MT) during December 2021 as compared to the same period in 2019 . India targets production of 1 . 2 bn tonne of Coal by 2023 - 24 . ●● Domestic steel production capacity 2030 is estimated at 300 mn tonne by 2030 . ●● Production level in November 2021 of important minerals included coal at 67 . 9 million tonnes, lignite at 3 . 3 mn tonnes, natural gas (utilized) at 279 . 8 mn tonne. 81