How do you envisage the growth in the mining industry? What are the challenges?
Mining activity related to all types of minerals and ores has picked up and registered an upswing in the country. In the years to come to meet the growing requirements like of power, steel and other areas the mining activities will rise further. For coal mining, private participation has now been operating. Limestone and iron ore mining is being done at a rapid pace in India. India also exports some of its minerals and ores. Lots of development is taking place across all the sectors and it will result in increase demand for raw materials. For instance, Cement industry reflected a good growth in the past and raw materials which are required for manufacturing cement will be great in demand.
However, some changes need to be made like legislation should be made more efficient for the mining industry, granting of mining license should be faster -all these will promote greater participation of the companies in the mining sector.
Demand for the raw material is the real challenge for the mining companies. By bringing in more efficiency like by adopting better technologies, the company's can increase the throughput and will be able to capitalize on the growing requirement.
Lack of technical professional especially in the area of engineering and geology Moreover, mining professionals of India are exploring opportunities in the international market and finding assignments in Indonesia, Africa, Australia and other countries. Non-availability of large and huge capacity mining equipments.
About the company's worldwide and India operations.
Gemcom Software International Inc. provides mining software solutions spanning exploration through production management. The company's software enables its clients to interpret geological deposits, develop and optimize mine designs and plans, schedule and manage production. Globally the turnover of the company is around $55 million and market capitalization of the company is around $130 million. .
For India office, the company is having huge expansion plans. From the next year onwards the company wants to offer consultancy services in mining for the Indian market. The company also wants to offer the technical support to the companies who are in mining or plans to venture in the mining operations. In the long term, the company also plans to explore acquisition options and further technology upgradation. The company also develops software products in India. Besides, having Research & Development Centre in India, it is also having R & D Centers in Canada and Australia.
Gemcom products are used in more than 90 countries with companies among our global client we have like De Beers, Rio Tinto, BHP Billiton etc. The company is operating in more than 21 countries including India.
India has a very special position in Gemcom, where we employ more than 30 mining professional and operate an office in Hyderbad which looks after R&D, sales and customer support. The company offers software and training to academic institutions. Some of the clients in India are: Tata Steel, Aditya Birla Group, Vedanta Group, Lafarge, Ambuja besides the Indian Bureau of Mines, Geological survey of India, Coal India, Mineral Exploration Corporation Limited, Mecon, Engineers India Limited etc. In India, the company's softwares are running with academic institutes like the Indian Institute of Technology, Kharagpur and the Indian School of Mines, Dhanbad.