Union Minister of Coal and Mines Pralhad Joshi will be inaugurating the first mining start-up summit to be organized by the Ministry of Mines in collaboration with Indian Institute of Technology, Bombay on 29 May in Mumbai. 

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 of Mines said in a statement on Friday (26 May).

Union Minister of State for Mines Raosaheb Patil Danve will be chairing the concluding session of the summit.

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, the ministry said.

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

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 start-ups and 20 major industries will be participating in this summit, the ministry said.

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 Start-up Summit to be held in India’s commercial capital Mumbai, it added.