6th India International Gold Convention (IIGC), Goa

Mr. Sandeep Lakhwara, September 2009 :

Mr. Sandeep Lakwara – Deccan Gold Mines Ltd on ” augmenting supplies in India through own production”

India was one of the leading gold producers in the world during the British period when there were about 100big and small gold mines in operation. Yet, it produces only 0.4% of its consumption today. The Decline of the Indian gold mining industry can be directly attributed to the nationalistic policies of independent India which for several decades prevented private and foreign investment in exploration and mining for gold.

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