The Ministry of Mines has unveiled the logo of Mining Startup Summit, on Friday. Shri Vivek Bharadwaj, Secretary Ministry of Mines said that startups can play a significant role in addressing the technological challenges faced by the mining sector of the country and the same will pave the way for a healthy ecosystem for mining sector growth.
In order to attain this goal, the Ministry of Mines will be organising the first Mining Startup Summit in Mumbai in collaboration with IIT, Bombay on 29th May. According to a statement, more than 150 startups and 20 major industries will be participating in the Summit.
With the country having the third largest startup ecosystem in the world there is scope for involving startups in addressing challenges in the mining sector, to simplify the process for the mining industry by leveraging new technologies in exploration and mining and thereby enhancing mineral production of the country, the Secretary further added.
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. Moreover, it will 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.