No more gold imports? India’s first private gold mine with 42.5 tonnes gold to start in...

India’s first private gold mine with a total potential of 42.5 tonnes gold to start in Andhra Pradesh.

Andhra Pradesh will host India s first large scale private gold mine since Independence — Image credit: Pexels

Andhra Pradesh will host India’s first large-scale private gold mine since Independence.

The Jonnagiri project in Kurnool district is set to begin operations in early May.

The project is developed by Geomysore Services India Pvt Ltd — Image credit: Pexels

The project is developed by Geomysore Services India Pvt Ltd.

It signals a shift toward strengthening domestic gold production.

India imports over 800 tonnes of gold annually — Image credit: Pexels

India imports over 800 tonnes of gold annually.

The massive import puts pressure on foreign exchange reserves.

Domestic production remains limited — Image credit: Pexels

Domestic production remains limited.

In domestic terms, Hutti Gold Mines produces about 1.5 tonnes per year.

Kolar Gold Fields closed in 2000 creating a gap in large scale gold mining while public sector firms like NMDC Ltd focused on overseas assets limiting domestic expansion — Image credit: Social media (X.com)

Kolar Gold Fields closed in 2000, creating a gap in large-scale gold mining, while public sector firms like NMDC Ltd focused on overseas assets, limiting domestic expansion.

Kolar Gold Fields (KGF) was once India’s largest gold mining hub, operating for over a century before closing in 2000 due to declining yields and rising costs.

The Jonnagiri project spans 598 hectares across Jonnagiri Erragudi and Pagidirayi villages attracting over 400 crore in investment and Chandrababu Naidu is expected to dedicate it to the nati — Image credit: Pexels

The Jonnagiri project spans 598 hectares across Jonnagiri, Erragudi, and Pagidirayi villages, attracting over ₹400 crore in investment, and Chandrababu Naidu is expected to dedicate it to the nati

Peak production is expected at 1,000 kg annually over the next 15 years, and experts say it could boost investment as India aims to produce 50–100 tonnes of gold per year in the next decade.