Tata Steel’s Industrial Consulting Division (TSIC) has embarked on a groundbreaking collaboration with TEXMiN, the Mining Technology Innovation Hub at IIT (ISM) Dhanbad, to spearhead innovation and revolutionise natural resource management in India. The Memorandum of Understanding (MoU) between the two entities signifies a pivotal commitment towards ushering in the era of Mining 4.0, underscoring their joint dedication to fostering sustainability and efficiency within the mining sector.
In a statement, D B Sundara Ramam, Vice President of Raw Materials, Tata Steel, expressed enthusiasm about the partnership, stating: “Collaborating with TEXMiN presents an exciting opportunity for Tata Steel to push the boundaries of innovation in the mining industry. By prioritising technical advancements, skill development, and innovative technologies, this collaboration promises to redefine resource management practices. Together, we aim to set new benchmarks for efficiency and sustainability, driving transformative change across the sector.”
Echoing this sentiment, Prof Dheeraj Kumar, Project Director, TEXMiN and Deputy Director, IIT (ISM), remarked, “This partnership with TSIC heralds the commencement of a thrilling expedition towards research, innovation, and skill enhancement within the mining domain.”
Suraj Prakash, CEO of TEXMiN, highlighted the visionary outlook of the organisation, emphasising its steadfast commitment to amplifying technological innovations and empowering mining enterprises on their digital transformation journey.
The partnership between TSIC and TEXMiN encompasses a comprehensive strategy aimed at achieving several key objectives. Leveraging their combined expertise, both entities will provide technical support and consultancy services to integrate cutting-edge software and digital methodologies into exploration, mining, and beneficiation processes, thereby enhancing operational efficiency within the sector.
Moreover, through meticulously curated training initiatives, the collaboration aims to equip mining professionals with contemporary proficiencies spanning exploration, mining, remote sensing, and regulatory protocols, ensuring a skilled and competent workforce for the future.
TSIC and TEXMiN will synergies their efforts to conceptualise novel products and services with commercial viability, focusing on scalability and innovation to address industry challenges and drive transformative change. The partnership will also explore and implement emerging mining technologies, fostering sustainable growth and industry-wide transformation through the adoption of innovative solutions.
Additionally, TSIC and TEXMiN will collaborate on governmental and private sector initiatives, leveraging their complementary competencies to overcome challenges and foster a culture of transformative change within the mining industry.
The partnership between Tata Steel and TEXMiN signifies a landmark endeavour towards revolutionising the mining landscape in India, emphasising a commitment to sustainability, innovation, and collaborative progress. With a focus on Mining 4.0 principles, this alliance is poised to redefine industry standards and drive enduring positive impact.