India's first private gold mine opens in Andhra, easing jewellery sourcing
Geomysore Services' Jonnagiri mine, inaugurated by CM Naidu, begins with 400 kg gold output in year one scaling to 1 tonne, backed by ₹405 crore investment. A planned jewellery park positions Andhra Pradesh as a domestic sourcing hub for Indian jewellery retailers reliant on imports.
Andhra CM Naidu inaugurated India's first private gold mine by Geomysore Services in Jonnagiri, with ₹405 crore investment and 400 kg first-year output. A jewellery park is also planned, supporting domestic gold sourcing for Indian jewellery retailers.