Jonnagiri gold mine to boost domestic production, advance 'Made in India' ecosystem, says Lloyds chief

India's gold import dependence is set to decrease with the inauguration of the Rs 405-crore Jonnagiri gold mine in Andhra Pradesh. This marks the nation's first commercial-scale private gold mining operation since Independence, aiming to produce up to 1,000 kg of refined gold annually. The project, a joint venture, is expected to boost the 'Made in India' refined gold value chain and foster regional economic growth.

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