The Indian steel sector enjoys advantages of domestic availability of raw materials and cheap labour. Iron ore is also available in abundant quantities. This provides major cost advantage to the domestic steel industry. ASSOCHAM is looking at a combined steel production in India at 122 mn. The mass majority of this production will come from Brown Field. As per the new mining bill, coal companies have to share 26% of their profits. Current royalty is at 10% of iron ore market price. Now iron ore prices are high compared to mining costs. And mining sector's long term profitability is low. Therefore, the mining bill provisions will help the sector in the long-term.
Mining is an important activity in India which contributes to the development of the country. Its operations need to be modernized and streamlined keeping in mind environmental protection, forest conservation, rehabilitating people displaced from the mining sites and giving thrust to scientific methods of mining.
We at Cerebral Business Research are organizing this two days forum to discuss and debate important issues in EPC like Regulatory and Policies issues within Steel and Mining Sector, EXIM Policies, Key Legal and Taxation issues, threat from cheap imports, opportunities and challenges, Technology and latest solutions and Project Management for the sector.
Conference is expected to be attended by more 200 + senior level delegates from PSU's, Private Sector, Government, Consultant, Equipment and Technology Providers making it a perfect knowledge cum networking platform.