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06.04.24 16:16

Economy

India's mining output rises 8 per cent year-on-year

Chromite, copper concentrate, gold, zinc concentrate and manganese ore, showed positive growth in February 2024

India's mining index rose to 139,6 in February 2024, an increase of 8 per cent over February 2023. This is reported by IANS, a partner of TV BRICS.

According to the Ministry of Mines, non-fuel minerals such as bauxite (aluminium), chromite, copper concentrate, gold, zinc concentrate and manganese ore showed positive growth in February 2024 compared to the same month of the previous year. Iron ore and limestone account for 80 per cent of the total production value and these key minerals have seen significant growth in February 2024.

India is the world's second largest aluminium producer, third largest limestone producer and fourth largest iron ore producer.

The growth in iron ore and limestone production reflects strong demand from industries such as steel and cement, reflecting strong economic activity in sectors such as power, infrastructure, construction, automotive and engineering.

Photo: iStock

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Nitin Gadkari

India's Union Minister for Road Transport and Highways

"Our resolution has just been passed. It is very important as far as the BRICS countries are concerned, which cover 40 per cent of the world's population. We are committed to the futuristic development of the transport sector, to create cooperation, coordination and communication between the stakeholders. This resolution indicates a lot of new technology and innovation in the transport sector. It covers the road sector, railways, aviation and water transport"

Prabowo Subianto

President of Indonesia

"This roadmap sets the framework for our joint efforts. Indonesia and Belarus have great potential for expanding cooperation in various fields. Our cooperation will focus on industrial development and agricultural modernisation. In industry, we see a major opportunity to increase trade volumes, investment, and cooperation between our two countries. We are also pushing for closer collaboration in culture and human resource development"

Liao Fan

Director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences (CASS)

"We also encourage countries of the Global South to work together and contribute to the global economy. We also call on developed countries to set aside issues such as national security and strategic competition when we are discussing real global challenges – pressing issues such as public health or poverty reduction – so that development resources can be channelled truly effectively to those countries that need them. [...] Major powers and large countries must bear greater responsibility for the well-being of people around the world. This is the responsibility of the major powers"

Anutin Charnvirakul

Prime Minister of Thailand

"Russia has been a trusted friend of Thailand for over a century. […] Next year, we will mark the 130th anniversary of the establishment of diplomatic relations between our countries. We will commemorate this important milestone with high-level exchanges, thereby reaffirming our shared commitment to an even stronger partnership for the benefit of our peoples"

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