Mumbai: Union minister of parliamentary affairs and mines Pralhad Joshi will inaugurate the first mining startup summit to be organized by the ministry of mines in collaboration with Indian Institute of Technology, Bombay (IIT-Bombay) on May 29 in Mumbai.
The 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, officials of the mines ministry said.
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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, said a press communique from the ministry.
During the event, officials and experts of the ministry of mines and IIT-Bombay will interact with the startups in the field of mining and metallurgy and discuss about the ways to equipped startups with different technology so that they can contribute in the activities of mining sector and boost the capabilities of exploration and mining and enhance the efficiency of mining sector.
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The summit will also be focusing 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. More than 120 startups and 20 major industries have consented to participate in the event.
A state of art exhibition, showcasing the advancement of technology in mining sector, technical session and panel discussion with industries and academia, presentations by start-ups, brainstorming session are some of the key highlights of the first mining startup summit to be held in India’s commercial capital Mumbai.
Minister of state for mines, coal & railways Raosaheb Patil Danve will be chairing the concluding session of the summit.
