Automation, Digitalisation and Technology Integration for the Indian Mining and Steel sector

Indian mining and steel sector is at the forefront of driving the roadmap towards Viksit Bharat by 2047. With increasing demand, policy support, strategic alliances and increasing investment in innovation and technologies, India is currently the second-largest crude steel producer. However, India’s per capita steel consumption of 93.4 kg in FY23 against the global average of 219 kg is highlighting the potential for augmenting domestic overall steel demand in the long run. Growing demand and a focus on operational excellence, product innovation, customer centricity and sustainability will drive the domestic mining and steel industry.

The persistent focus on sustainability, innovating new products and process improvement are redefining the global mining and steel industry and reshaping the industry’s approach to adopting disruptive technologies with varying regional implementation strategies. Moreover, supply chain disruptions, market volatility and competitiveness are forcing the industry to look forward to innovation in process and digital technologies in green steel transition, energy management & sustainability, plant modernization, manufacturing automation and reliability, workplace of the future, resilient supply chain and customer excellence. Global economies are facilitating this transformation by providing investment funds to drive the adoption of cleaner technologies and tax credits to reduce emissions.