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Centre to organise first ever Mining Start-up Summit on May 29 in collaboration with IIT, Bombay Mining Start-Up Summit
Image: Pixabay

Centre to organise first ever Mining Start-up Summit on May 29 in collaboration with IIT, Bombay

India Blooms News Service | @indiablooms | 27 May 2023, 12:33 am

New Delhi: The Union mine ministry will organise the first Mining Start-up Summit in collaboration with the Indian Institute of Technology, Bombay.

The Summit will be held in Mumbai on May 29 and over 120 start-ups and 20 major industries will participate in it.

Coal and Mines Minister Pralhad Joshi will inaugurate the event.

Minister of State for Mines and Coal Raosaheb Patil Danve will chair the concluding session of the summit.

The unique Summit will be mainly focusing on innovation and techniques that will support and improve the performance, safety and help in building autonomy in the field of mining and metallurgy, the ministry said in a press release on Friday.

“With the country having the third largest start-up ecosystem in the world there is scope for involving start-ups in addressing challenges in the mining sector, to simplify the process for the mining industry by leveraging new technologies in exploration and mining and enhancing mining and mineral production of the country,” stated the press release.

During the event, the mines ministry will interact with the start-ups in the field of mining and metallurgy and how these start-ups equipped with different technology can contribute to the activities of the mining sector and boost the capabilities of exploration and mining and enhance the efficiency of the mining sector.

The summit will also focus on interaction with leading industries in the mineral exploration sector, financial institutions and banks.

Students and young professionals working in the fields of exploration, virtual reality, automation, drone technology, consultancy, etc. will also be benefited from the event.

A state of art exhibition, showcasing the advancement of technology in the mining sector, technical sessions and panel discussions with industries and academia, presentations by start-ups, and brainstorming sessions are some of the key highlights of the first Mining Start-up Summit to be held in India’s commercial capital Mumbai.