India has potential reserve of 30000 tonnes of silver resources – of which 98% is in Rajasthan; Committed to take India on the global silver map: NITI Aayog CEO, Amitabh Kant

Shri Ashok Gehlot, Hon. Chief Minister of Rajasthan attended the webinar as the Chief Guest and stressed on the emerging role of silver industry to create jobs in the state

The webinar was attended by people from more than 10 countries like Peru, Mexico, USA, UAE, Turkey comprising of delegates and representatives from government, industry, academia, policy, MSMEs and traders

Supported by Vedanta and Hindustan Zinc, the webinar also witnessed fireside chats on key issues outlining the industry.

Delhi; 28th September 2020: The first ever national Silver webinar with participants from more than 10 countries comprising delegates and representatives from government, industry, academia, policy, MSMEs and traders – congregated on a common platform to shape the future of silver industry in the country.

The theme of the webinar – Silver: The Cultural Pride of India Leading Way for Unparalleled Opportunities –witnessed presentation and exchange of diverse views and ideas to facilitate rise of India as a global hub for silver business. The Hon. Chief Minister of Rajasthan, Shri Ashok Gehlot, was the Chief Guest while CEO, Niti Aayog, Shri Amitabh Kant was the Guest of Honour of the webinar, along with Industry leaders including Shri Anil Agarwal, Chairman, Vedanta Group, among others. 

Addressing the inaugural session, Shri Amitabh Kant, CEO, Niti Aayog, Government of India, said, “Indians and silver share a centuries old relationship, which has only appreciated with time. Be it a preferred currency, a storage

of wealth or an adornment of beauty and power – Silver has stood the test of time. Given the fact that India only produces 10% of its annual silver demand which leads to economic implications in terms of import bills.

As per estimations of Niti Aayog, Indian reserve accounts for 30,000 tonnes of silver resources of which 98% is in Rajasthan. This huge unutilised reserve has a potential to take India to the leadership position among the silver producing nations. We at Niti Aayog are committed to partner the state government to achieve this dream.” 

Also sharing his vision, Shri Ashok Gehlot, Hon. Chief Minister of Rajasthan, said, “Rajasthan is focused to partner and empower industries as well as companies towards progress and value creation.

We believe that the development of silver economy in the state will lead to creation of large-scale employment, not only at the sites but also in the key user industries. Rajasthan is committed to improve the mining ecosystem in the state through the recently formed Rajasthan State Mineral Exploration Trust.

This Trust will manage and initiate key programs around research and technology, while facilitating access to user industries and improve revenue generation.

This step will take us closer to our goal of being a world leader in the silver industry and I look forward to partnering with Niti Aayog for the same.”

The Summit also witnessed addresses from Prof. Satyam Suwas, Chair, Material Science Dept., Indian Institute of Science, Bengaluru; Shri Anil Agarwal, Chairman, Vedanta Resources, Shri Sunil Duggal, CEO, Vedanta Limited and Shri Arun Misra, CEO, Hindustan Zinc.

Other dignitaries included Mr. Prithviraj Kothari, President, IBJA as well as Mr. Micheal DiRienzo, ED, The Silver Institute; Mr. Matt Watson, Founder, Precious Metal Commodities, Mr. Rahul Mehta, MD, Silver Emporium, among others. 

Shri Anil Agarwal, Chairman, Vedanta Resources said, “Rajasthan has an inherent capability of craftmanship, artisans and entrepreneurship which is deep rooted in its culture. I sincerely believe that silver can contribute immensely to the state’s development through liberal exploration policies.”    


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