India’s First Large Private Gold Mine in Andhra Pradesh to Begin Full-Scale Production: DGML MD.

India’s first large private gold mine in Andhra Pradesh is set to begin full-scale production soon, according to Deccan Gold Mines Ltd (DGML) Managing Director. The move marks a major milestone for the country’s mineral sector, which has so far relied heavily on imports to meet domestic demand.

India currently imports about 1,000 tonnes of gold annually, making it the second-largest import item after crude oil. The commencement of large-scale domestic gold mining is expected to partially reduce dependence on imports and strengthen the country’s resource security.