National Level CII Mining and Construction Equipment Summit held

Bhubaneswar, 19 October 2023:
The National Level CII Mining and Construction Equipment Summit saw an incredible
turnout, featuring major industries like Thyssenkrupp, Komatsu, Thermofisher scientific,Tata
Hitachi, Coal India, Hyundai, KSB pumps, Sany, Tega Industries, Larsen & Toubro to name a
few, alongside with 250 plus participants, making it an unparalleled gatheringof industry leaders
and innovators.
 Odisha Chief Secretary Shri Pradeep Kumar Jena has emphasized the pivotal role of the
mining sector in the socio-economic development of the State. Over the past three years, the
State has seen a significant increase in mining revenue, from INR 10,000 crore to INR 49,000
crore in the last year. Jena expressed the commitment to continue this positive trend as it is
crucial for the State's growth.
 Addressing the National Level CII Mining and Construction Equipment Summit in
Bhubaneswar, Jena extended an invitation to investors to participate in the State's development.
He also highlighted the various incentives offered in the Industrial Policy Resolution (IPR).
Odisha has ambitious plans to become a 100-million-ton steel-making State by the end of this
decade, and many major players in the aluminum industry have set up units in the State. These
developments will lead to increased mining activities, making it imperative for all stakeholders to
prioritize sustainable and environmentally friendly mining practices.
 During the summit, Secretary of Road Transport and Highways for the Government of
India, Anurag Jain discussed infrastructure development in the country. Mentioning that the
logistic cost gets 14% of the national GDP in comparing to the international standards of 8%, he
called for the urgency of the policy to mitigate the cost and advocate for establishing Research
and Development Centres in India.
 Shri Hemant Sharma, Principal Secretary of Industries Department of Government of
Odisha, highlighted the political stability and skilled workforce in the State, making it an attractive
destination for investors. He outlined, Odisha rank 2nd in the country in attracting investment of
INR 20.1 lakh crore in FY’23 and 3rd in attracting bank-assisted investment proposals in the same
time period.
 Saying that, Odisha produces 13.8% of the total value of mineral production in the country
he outlined, mining & metallurgy sector contributes more than 13% to the GSDP of the state.
Steel manufacturing in the State will increase into 138 MMT in 2030 from the current capacity of
34 MMT. Similarly, the Aluminium production capacity tends to grow to 3.84 MMT in 2030 from
the current capacity of 2.64 MMT. Besides this he mentioned about the Long-Term Linkage
Policy of mineral.
 He stressed the significant contributions of mining and industry to the Gross State
Domestic Product (GSDP), with 13 percent and 40 percent, respectively. Odisha's infrastructure
projects have been strategically planned to connect road, rail, ports, and pipelines with the
mineral and industrial sectors of the State.
 Shri D K Singh IAS, Additional Chief Secretary, Department of Home, Steel & Mines,
Government of Odisha makes the audience aware about the concern of the environmental
depreciation and talked about sustainability and the inter-generation equity and suggest the
mining stakeholders to use the efficient infrastructure promoting eco-friendly mining.
 CII Eastern Region Chairman Shiv Siddhant Narayan Kaul acknowledged the joint efforts
of the Government of Odisha, CII, and industries in removing regional bottlenecks to facilitate
investment. He emphasized the need to not only focus on "Make in India" but also on global
exports. Kaul also highlighted the competitive advantage of skilled labour with low labour costs in
Odisha.
 Vivek Bhatia, Chairman of CII MCED, emphasized the global significance of the mining
and construction industry, which was valued at $121 billion in 2021, with the Asia-Pacific region
contributing $62 billion. He pointed out the sector's potential to reach $190 billion by 2028, with a
growth rate of 2.8 percent per year. Bhatia underlined the sector's role in realizing India's vision
of a 5 trillion-dollar economy and the employment opportunities it provides, with 3.5 million
people currently employed in the mining sector. In the Eastern part of India, seven States
significantly contribute to mineral production, with Odisha leading the way at 42 percent, followed
by Chhattisgarh and Jharkhand with 17 percent and 4.3 percent, respectively.
 The event also featured other dignitaries, including Chief Engineer of Eastern Command
Maj Gen Praveen Badrinath, Additional Secretary of Steel and Mines Department for the
Government of Odisha Mr. D. K. Singh, and CII Odisha State Council Chairman Mr. Sashi
Sekhar Mohanty, catering to 250 plus audiences.