← Latest news 
Andhra gold mine set to cut India’s gold imports fast with first private project
Economy
Published on 24 April 2026
A private mine could produce 1000 kg annually
India is preparing to launch its first large-scale private gold mine, the Jonnagiri project in Andhra Pradesh. Backed by Geomysore and substantial investment, the mine is expected to yield up to 1,000 kg of gold each year. If it performs as projected, it could strengthen domestic supply and meaningfully reduce India’s dependence on gold imports, reshaping the country’s import story.
- Jonnagiri in Andhra Pradesh is India’s first large-scale private gold mine
- Developed by Geomysore with major investment and potential reserves
- Expected output could reach up to 1,000 kg of gold annually
- Domestic production may reduce reliance on imported gold
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times