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VERIFIEDET Finance·positive
Jonnagiri gold mine to boost domestic production, advance 'Made in India' ecosystem, says Lloyds chief
AI Summary
- ·The Rs 405-crore Jonnagiri gold mine in Andhra Pradesh has been inaugurated, marking India's first commercial-scale private gold mining operation since Independence.
- ·The mine is projected to produce up to 1,000 kg of refined gold annually, aiming to reduce India's gold import dependence.
- ·This project is expected to enhance the 'Made in India' refined gold value chain and stimulate regional economic development.